Mozambique: Recent Economic Developments
January 23, 1997
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This paper reviews economic developments in the Republic of Mozambique during 1990–96. Under the Economic and Social Rehabilitation Program (ESRP), the economy has made impressive economic gains. Real GDP growth averaged 6.7 percent in 1987–95, despite the civil war, a decline in the terms of trade, and natural disasters. Investment and export volumes are growing rapidly. These achievements have been capped in the last two years (1995–96) by a dramatic decline in inflation—from 70 percent in 1994 to 13 percent in the first eight months of 1996.
Subject: Agricultural commodities, Commodities, Exports, Imports, International trade, National accounts, Tariffs, Taxes, Transportation
Keywords: Africa, Agricultural commodities, CR, debt service, efficiency ratio, exchange rate, Exports, foreign aid, Imports, ISCR, private sector, Tariffs, Transportation, U.S. dollar
Pages:
106
Volume:
1996
DOI:
Issue:
142
Series:
Country Report No. 1996/142
Stock No:
1MOZEA0011996
ISBN:
9781451827033
ISSN:
1934-7685
