Current Account Balance: Mozambique
Mozambique's current account balance is currently -36.6 % of GDP as of 2026. # Mozambique Current Account Balance Mozambique's current account balance stood at -36.
Current (2026)
-36.6 % of GDP
+8.3% y/y
Peak (2004)
-6 % of GDP
Low (2012)
-40.7 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Mozambique
1980 — 2026
Current Account Balance — Mozambique
Analysis# Mozambique Current Account Balance
Mozambique's current account balance stood at -36.6% of GDP in 2026, reflecting a deeply negative external position. Since 1980, the metric has deteriorated by 357.5 percentage points, moving from a less severe deficit toward structural imbalance. While the 2026 figure remains far below the least severe point of -6% in 2004, it sits near the all-time low of -40.7% recorded in 2012, indicating persistent vulnerability in the country's external accounts.
Recent volatility masks an underlying weakness. After improving to -10.9% in 2023 and -11% in 2024, the deficit surged to -39.9% in 2025 before moderating slightly to -36.6% in 2026. This severe contraction reflects imbalances between imports and exports, likely driven by large capital project financing needs and limited export revenue. The projected stability around -36% suggests Mozambique faces sustained external financing pressures requiring structural economic adjustments.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -15 % of GDP | +0.66% |
| 2029 | -15.1 % of GDP | +44.07% |
| 2028 | -27 % of GDP | +20.35% |
| 2027 | -33.9 % of GDP | +7.38% |
| 2026 | -36.6 % of GDP | +8.27% |
| 2025 | -39.9 % of GDP | -262.73% |
| 2024 | -11 % of GDP | -0.92% |
| 2023 | -10.9 % of GDP | +70.05% |
| 2022 | -36.4 % of GDP | -70.89% |
| 2021 | -21.3 % of GDP | +19.62% |
| 2020 | -26.5 % of GDP | -64.60% |
| 2019 | -16.1 % of GDP | +45.42% |
| 2018 | -29.5 % of GDP | -51.28% |
| 2017 | -19.5 % of GDP | +38.87% |
| 2016 | -31.9 % of GDP | +13.32% |
| 2015 | -36.8 % of GDP | -2.79% |
| 2014 | -35.8 % of GDP | +10.50% |
| 2013 | -40 % of GDP | +1.72% |
| 2012 | -40.7 % of GDP | -78.51% |
| 2011 | -22.8 % of GDP | -55.10% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -14.7 % of GDP | -47.00% |
| 2009 | -10 % of GDP | -12.36% |
| 2008 | -8.9 % of GDP | -21.92% |
| 2007 | -7.3 % of GDP | +7.59% |
| 2006 | -7.9 % of GDP | +8.14% |
| 2005 | -8.6 % of GDP | -43.33% |
| 2004 | -6 % of GDP | +51.61% |
| 2003 | -12.4 % of GDP | +15.07% |
| 2002 | -14.6 % of GDP | -26.96% |
| 2001 | -11.5 % of GDP | +2.54% |
| 2000 | -11.8 % of GDP | +13.24% |
| 1999 | -13.6 % of GDP | +2.16% |
| 1998 | -13.9 % of GDP | -54.44% |
| 1997 | -9 % of GDP | +35.25% |
| 1996 | -13.9 % of GDP | +8.55% |
| 1995 | -15.2 % of GDP | +30.59% |
| 1994 | -21.9 % of GDP | -3.79% |
| 1993 | -21.1 % of GDP | -17.88% |
| 1992 | -17.9 % of GDP | -24.31% |
| 1991 | -14.4 % of GDP | +2.04% |
| 1990 | -14.7 % of GDP | +29.67% |
| 1989 | -20.9 % of GDP | -22.94% |
| 1988 | -17 % of GDP | -4.94% |
| 1987 | -16.2 % of GDP | -110.39% |
| 1986 | -7.7 % of GDP | -14.93% |
| 1985 | -6.7 % of GDP | +25.56% |
| 1984 | -9 % of GDP | +29.13% |
| 1983 | -12.7 % of GDP | +6.62% |
| 1982 | -13.6 % of GDP | -19.30% |
| 1981 | -11.4 % of GDP | -42.50% |
| 1980 | -8 % of GDP | — |
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