Market Research In Mozambique

Mozambique Profile:

  • Mozambique, officially the Republic of Mozambique is a country in Southeast Africa.
  • The official currency is the New Metical, which replaced old Meticals at the rate of a thousand to one.
  • Mozambique ranked low in GDP per capita, human development, measures of inequality and average life expectancy.
  • Mozambique is a member of the African Union, the Commonwealth of Nations, the Community of Portuguese Language Countries, the Latin Union, the Non-Aligned Movement, and the Southern African Development Community and is an observer at La Francophonie.
  • South Africa is Mozambique’s main trading partner and source of foreign direct investment, while Belgium, Brazil, Portugal and Spain are also among the country’s most important economic partners.

Mozambique Economy:

  • Mozambique is still one of the poorest and most underdeveloped countries in the world. The country’s economy is based largely on agriculture, but industry is growing, mainly food and beverages, chemical manufacturing, and aluminium and petroleum production.
  • The tourism sector is also expanding. Subsistence agriculture continues to employ the vast majority of the country’s work force.
  • Mozambique’s high poverty rate is sustained by natural disasters, disease, high population growth, low agricultural productivity and the unequal distribution of wealth.
  • Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government’s revenue collection abilities.
  • This external debt burden, donor withdrawal, elevated inflation, and currency depreciation contributed to weak growth in 2016 and forebode weaker economic growth in the next few years.

Mozambique Facts:

  • Population: 26.6 million
  • Capital: Maputo
  • Largest city: Maputo
  • Area: 799,380 sq km
  • Major language: Emakhuwa 25.3%, Portuguese (official) 10.7%, Xichangana 10.3%, Cisena 7.5%, Elomwe 7%, Echuwabo 5.1%, other Mozambican languages 30.1%, other 0.3%
  • Major religion: Roman Catholic 28.4%, Muslim 17.9%, Zionist Christian 15.5%, Protestant 12.2%, other 6.7%
  • Life expectancy: 52.9 years (Male), 54.5 years (Female)
  • Monetary unit: 1 Metical(MZN) = 100 Centavos
  • Main exports: Aluminium, prawns, cashews, cotton, sugar, citrus, timber; bulk electricity
  • GNI per Capita: $1,190

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