Nominal GDP $21.936B, Per capita GDP $647.13, Population 33,897,354, Debt to GDP 96.4%, Inflation 16.8%, Unemployment 3.67%, Labor force participation rate 79%, Land area 303,623 sq miles, Arable land 7.18%, Urban 40.2%, Rural 59.8%, Exports $11.7B, Imports $23.1B, Trade Deficit $11.4B.
Exports
include The
top exports of Mozambique are Coal
Briquettes ($3.45B), Raw
Aluminum ($1.99B),
Coke ($839M), Petroleum Gas ($689M), and Gold ($448M), exporting mostly to India ($2.62B), South Africa ($1.07B), South Korea ($954M), Italy ($808M), and China ($678M).
Imports include The top imports of Mozambique are Special Purpose Ships ($4.48B), Refined Petroleum ($3.57B), Ferroalloys ($1.04B), Chromium Ore ($916M), and Refined Copper ($910M), importing mostly from South Africa ($5.43B), South Korea ($4.59B), China ($2.76B), India ($2.34B), and Democratic Republic of the Congo ($1.06B).
The national poverty rate surged from 48.4% to 62.8% between 2014/15 and 2019/20. The number of poor people increased from 13.1 to 18.9 million, reflecting inter alia the impact of COVID-19 on families. There has been a disproportionate increase in poverty in urban areas.
Norb Leahy, Dunwoody GA Tea
Party Leader
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