n the transportation, telecommunications, and energy
sectors. Since 1996, inflation has been low and foreign exchange
rates relatively stable. Albeit from a small base, Mozambique's
economy grew at an annual 10% rate in 1997-99, one of the highest
growth rates in the world. Growth slowed and inflation rose in 2000
due to devastating flooding in the early part of the year. Both
indicators should recover in 2001. The country depends on foreign
assistance to balance the budget and to pay for a trade imbalance in
which imports greatly outnumber exports. The trade situation should
improve in the medium term, however, as trade and transportation
links to South Africa and the rest of the region have been improved
and sizeable foreign investments are beginning to materialize. Among
these investments are metal production (aluminum, steel), natural
gas, power generation, agriculture, fishing, timber, and
transportation services. Mozambique has received a formal
cancellation of a large portion of its external debt through an IMF
initiative and is scheduled to receive additional relief.

GDP: purchasing power parity - $19.1 billion (2000 est.)

GDP - real growth rate: 3.8% (2000 est.)

GDP - per capita: purchasing power parity - $1,000 (2000 est.)

GDP - composition by sector: agriculture: 44%

industry: 19%

services: 37% (1999 est.)

Population below poverty line: 70% (2000 est.)

Household income or consumption by percentage share: lowest 10%:
2.5%

highest 10%: 31.7% (1996-97)

Inflation rate (consumer prices): 11.4% (2000 est.)

Labor force: 7.4 million (1997 est.)

Labor force - by occupation: agriculture 81%, industry 6%, services
13% (1997 est.)

Unemployment rate: 21% (1997 est.)

Budget: revenues: $466.9 million

expenditures: $1.004 billion, including capital expenditures of
$502.5 million (2000 est.)

Industries: food, beverages, chemicals (fertilizer, soap, paints),
petroleum products, textiles, cement, glass, asbestos, tobacco

Industrial production growth rate: 7.2% (1999)

Electricity - production: 2.3 billion kWh (1999)

Electricity - production by source: fossil fuel: 13.04%

hydro: 86.96%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 307 million kWh (1999)

Electricity - exports: 1.9 billion kWh (1999)

Electricity - imports: 68 million kWh (1999)

Agriculture - products: cotton, cashew nuts, sugarcane, tea, cassava
(tapioca), corn, rice, coconuts, sisal,