hrough 1991 has dimmed chances of foreign
investment, and growth was a mere 1%. Living standards, already abysmally
low, dropped by 3-4% in both 1990 and 1991.
GDP:
exchange rate conversion - $1.7 billion, per capita $120; real growth rate
1.0% (1991 est.)
Inflation rate (consumer prices):
40.5% (1990 est.)
Unemployment rate:
50% (1989 est.)
Budget:
revenues $369 million; expenditures $860 million, including capital
expenditures of $432 million (1989 est.)
Exports:
$117 million (f.o.b., 1990 est.)
commodities:
shrimp 48%, cashews 21%, sugar 10%, copra 3%, citrus 3%
partners:
US, Western Europe, GDR, Japan
Imports:
$870 million (c.i.f., 1990 est.), including aid
commodities:
food, clothing, farm equipment, petroleum
partners:
US, Western Europe, USSR
External debt:
$4.9 billion (1991 est.)
Industrial production:
growth rate 5% (1989 est.)
Electricity:
2,270,000 kW capacity; 1,745 million kWh produced, 115 kWh per capita (1991)
Industries:
food, beverages, chemicals (fertilizer, soap, paints), petroleum products,
textiles, nonmetallic mineral products (cement, glass, asbestos), tobacco
Agriculture:
accounts for 80% of the labor force, 50% of GDP, and about 90% of exports;
cash crops - cotton, cashew nuts, sugarcane, tea, shrimp; other crops -
cassava, corn, rice, tropical fruits; not self-sufficient in food
Economic aid:
US commitments, including Ex-Im (FY70-89), $350 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $4.4 billion; OPEC
bilateral aid (1979-89), $37 million; Communist countries (1970-89), $890
million
Currency:
metical (plural - meticais); 1 metical (Mt) = 100 centavos
Exchange rates:
meticais (Mt) per US$1 - 2,358 (1 May 1992), 1,811.18 (1991), 929.00 (1990),
800.00 (1989), 528.60 (1988), 289.44 (1987)

:Mozambique Economy

Fiscal year:
calendar year

:Mozambique Communications

Railroads:
3,288 km total; 3,140 km 1.067-meter gauge; 148 km 0.762-meter narrow gauge;
Malawi-Nacala, Malawi-Beira, and Zimbabwe-Maputo lines are subject to
closure because of insurgency
Highways:
26,498 km total; 4,593 km paved; 829 km gravel, crushed stone, stabilized
soil; 21,076 km unimproved earth
Inland waterways:
about 3,750 km of navigable routes
Pipelines:
crude oil (not operating) 306 km; petroleum products