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Mozambique

Republic of Mozambique (Republica de Mocambique)

Portuguese Mozambican Metical (MZN) Civil law (Portuguese-influenced), customary law
AU, SADC, AfCFTA, Commonwealth, CPLP, WTO

Mozambique is positioned to become a major global LNG producer, with the Rovuma Basin holding some of the world's largest offshore gas discoveries. TotalEnergies (Area 1), ExxonMobil (Area 4), and ENI (Coral Sul FLNG, already producing) are the key operators.

The economy is driven by LNG (emerging), coal mining in Tete Province, heavy mineral sands (titanium, zircon), agriculture (cashew nuts, sugar, tobacco), and logistics through the strategic Maputo, Beira, and Nacala corridors connecting landlocked neighbors to the Indian Ocean.

Investment facilitation is via APIEX. Key challenges include the Cabo Delgado insurgency (impacting TotalEnergies' Area 1 project timeline), high public debt following the 2016 hidden debt scandal, and limited infrastructure outside major corridors. Despite challenges, Mozambique's long-term LNG prospects make it one of Africa's most significant investment destinations.

Snapshot

Population~35.6 MWorld Bank, 2025
GDP (current USD)$22.3 BWorld Bank, 2025
GDP per Capita$627World Bank, 2025
GDP Growth-0.52%World Bank, 2025
Inflation (y/y)~4.37%World Bank, 2025
MIMO (Banco de Mocambique)10.25%Central Bank
Unemployment6.63%World Bank, ILO modelled estimate, 2025
Internet Use~20.53%World Bank, 2024
Electrification~36.00%World Bank WDI
CPI Score (Rank)26.0/100 (#142)Transparency Intl
HDI (Rank)0.461 (#183)UNDP HDR
Credit RatingCCC+ (S&P) / Caa2 (Moody's)S&P / Moody's / Fitch
MarketBolsa de Valores de Mocambique (BVM)

World Bank Indicators Compare with another country

GDP (current USD)$22.3 BWorld Bank, 2025
GDP growth (annual)-0.52%World Bank, 2025
GDP per capita (USD)$627World Bank, 2025
Population, total35.6 MWorld Bank, 2025
FDI net inflows (USD)$3.5 BWorld Bank, 2024
Inflation (consumer prices)4.37%World Bank, 2025
Unemployment (% labour force)6.63%World Bank, 2025
Internet use (% of people)20.53%World Bank, 2024
Trade (% of GDP)97.10%World Bank, 2025

Country Facts

CapitalMaputo
RegionSouthern Africa
CurrencyMozambican Metical (MZN)
FX RegimeManaged float
Stock ExchangeBolsa de Valores de Mocambique (BVM)
Investment Promotion AgencyAPIEX (Agency for the Promotion of Investment and Exports)
Legal SystemCivil law (Portuguese-influenced), customary law
Time ZoneAfrica/Maputo

Focus Sectors

LNG & Gas (Rovuma Basin)
Mining (coal
graphite
heavy sands)
Agriculture (cashew
sugar)
Fisheries
Logistics (Maputo/Beira/Nacala corridors)
Tourism
Power (Cahora Bassa)
Manufacturing
Construction
ICT

Regulations & Taxes

Corporate Income Tax32% (10% for agriculture/aquaculture until Dec 2025)
VAT / Sales Tax16% standard (5% reduced)