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Exchange Rates
Updated : 2008/03/12


Curr Buy Sell
USD 24.1584 24.6440
EUR 30.6933 31.3102
ZAR 2.3450 2.3922
GBP 35.9658 36.6888
CHF 19.9954 20.3973
CAD 19.3082 19.6963
ZMK 0.0053 0.0054
JPY 0.2591 0.2643
NOK 3.4131 3.4817
SEK 2.9456 3.0048
MWK 0.1697 0.1731
AUD 15.5604 15.8732

source: Barclays
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Mozambique at a Glance

[Updated on November, 2008]

Download complete file here

Basic Information | Business Situation | Foreign Trade | International Country Rankings

Basic Information

Government Type

Republic

Chief of State

President Armando Emilio Guebuza

Area

799 390 sqkm

Population

21.4 (2007)

Life expectancy at birth

36 years (2006) Ministry of Health

HDI

172 out of 177 (2007)

ODA per capita

63,2 (2004)

Ibrahim Index of African Governance Rank 22 Score 57.1 (2008)

Gini
- national
- Maputo city

(2004)
0,42
0,52

Density

28 Persons per sqkm (2008)

Iliteracy Rate

53,6%

Language
-Official
- Business Language


Portuguese
Portuguese, English

Capital

Maputo

Telephone subscribers (per 1000 people)

27 (2004)

Mobile phone subscribers

2 356 158 (2007)

Internet users (per 1000 people)

8.8 (2007)

Natural resources

Coal, titanium, natural gas, hydropower, tantalum, graphite

Currency

Metical/Meticais

Exchange Rate

2005: 22,84 Mt (average)
2006: 25,88 Mt (average)
2007: 26,10 Mt (average)
2008: 32,18 Mt (average)

Click here for a updated exchange rate

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Business Situation

GDP

6,3 bn USD (2005)
7.1 bn USD (2006)
8 bn USD (2007)

Growth rate

2006 : 7,9%
2007 : 7.9%
2008 : 7.5%
2009 (prog.): 7,1%

GDP per capita

804 USD (2007)

Expenditure
Private
+ Government
+ Gross domestic investment
+ Export of goods and services
- Imports of goods and services

(2005)
79,1%
10,3%
20,4%
32,6%
42,3%

Contribution to GDP
- agriculture, fishing, forestry
- industry
- services
- others

(2006)
27%
25%
39%
9%

Inflation rate

2007: 8,1% (estimated)
2006: 13,2 %
2005: 7,1%

Interest rate

2008: 18,8 (forecast)
2007: 17,5
2006: 18,6%
2005: 11,8%

Total number of official jobs
- public sector
- private sector

453 145
152 000 (estimated)
301 145

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Public Finances

Government budget
Revenue in % of GDP
Total Revenue
Revenue and Grants (in USD)

Total Tax Revenue
- income and profits
- goods and services
- international trade

Total expenditure
- salaries
- goods and services
- interests
- transfer payments

Balance:
(before grants)
(after grants)

2006:
14,4
1 030 139 104
1 807 302 937

914 219 475
236 282 844
512 905 719
142 194 745

1 942 851 623
512 905 719
256 530 139
55 370 943
197 488 408


- 912 364 760
- 143 238 022
2007 (budgeted)

1 253 325 563







2 737 319 469
603 734 315
252 951 953
80 231 660
235 446 898


- 1 483 993 906

Tax rates:
Corporate income tax rate
Corporate capital gains tax rate
Value added tax


32%
32%
17%

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Foreign Trade

Imports

2006: 2 649 000
2007: 3 028 000

Exports

2006: 2 381 000
2007: 2 731 000

Import goods (in % of total import)

For Mozal (20,1%), Machinery (10,9%), Petroleum products (10,3%), Cars (6,4%), Cereals (5,3%), Electricity (3,0%)

Export goods (in % of total export)

Aluminium (59,1%), Electricity (7,5%), Gas (4,6%), Tabaco (4,6%), Prawns (3,5%), Sugar (3%)

Trading Partners
- Main Exporters




- Main Importers

(2006)
South Africa (15,2%), Netherlands (59.7%) Portugal (3,0%), Arabian Emirates (3,0%), India (2,8%), China (2,4%), U.S. (2,4%), Germany (1,5%)

Netherlands (15,6%), South Africa (36,3%), Zimbabwe (2,6%), Switzerland (2,3%), Portugal (3,3%), Spain (1,7%), China (1,2%), India (1,1%), Germany (1,1%)

Balance of Payments

 

Foreign Grants

769 088 099 USD (prog.)

Foreign money reserve excluding gold

1,451 Mio USD (2007)

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International Country Rankings

Credit Rating (Standard and Poor’s)

B (short-term)
B+ (long-term)

Doing Business (World Bank)

130 out of 175 countries (2008)
144 out of 178 countries (2009)

Corruption perception index (Transparency International)

2007: Place 111 out of 179 countries
2006: Place 90 of 146 countries

State of political freedom (Freedom House)

Partly free
- limited respects for political rights and civil liberties
- environment of corruption
- weak rule of law
- dominance of single political party

Freedom of press (Journalists without borders)

2004: 64
2005: 49
2006: 45
2007: 73

Economic freedom:
- doing business
- property rights
- corruption
- labor freedom
101 out of 157 countries (2007)
56,6
mostly unfree

Global Competitiveness Index (World Economic Forum)

2008: 130 out of 134 countries
2007: 128

Transformation Index (Bertelsmann)

55 out of 119 countries

Global Integrity:
Public Integrity Indicators
- Civil society, public information & media
- Elections
- Government accountability
- Administration & civil service
- Oversight and regulation
Anti-corruption & the rule of law


67(weak)
45 (very weak)
60 (weak)
52 (very weak)
67 (weak)
69 (weak)
Overall score 60 Weak
out of 100; with ratings running from “very strong”
(90 and above) to “very weak” (less than 60)


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All data refer to 2006 unless otherwise noted.

Sources: Bertelsmann, EIU, Freedom House, IMF, INE, Standard and Poor’s, Transparency International, UNDP, WB, World Economic Forum, own calculations.

Data collected by Dr. Claudia Simons-Kaufmann, lecturer for economics and consultant in Germany and Mozambique, in cooperation with GTZ APSP, Maputo.


Mozambique at a Glance is brought to you by Solutions, the one stop business center, helping you do business successfully in Mozambique. Our team of business consultants will help you find the right contacts for any need that may arise as you do business in Mozambique.
You can find updates to Mozambique at a Glance in the Mozambican Investor, a newsletter freely distributed by e-mail to subscribers. Send us an e-mail if you wish to subscribe or unsubscribe: joaquim.fale@mozlegal.com
DISP.REGº/Nº75/GABNFO-DEC/2006

 

Director – Adrian Frey adrian.frey@mozlegal.com
Editorial team: Shannon Gopaul shannon.gopaul@clubofmozambique.com, Mutxhini Nqwenya mutxhini.ngwenya@mozlegal.com and Joaquim Falé joaquim.fale@mozlegal.com
Solutions|Soluções
Hotel Cardoso
707 Avenida Martires de Mueda, Maputo, Mozambique
Telefax. +258 21 497 251
E-mail: theinvestor@mozlegal.com
Website: www.clubofmozambique.com


Copyright © 2007 Solutions, Lda. All rights reserved. Click here to contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material.

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