12.8% (2004 est.)

Investment (gross fixed):
47% of GDP (2004 est.)

Budget:
revenues: $1.186 billion
expenditures: $1.398 billion, including capital expenditures of
$479.4 million (2004 est.)

Agriculture - products:
cotton, cashew nuts, sugarcane, tea, cassava (tapioca), corn,
coconuts, sisal, citrus and tropical fruits, potatoes, sunflowers;
beef, poultry

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

Industrial production growth rate:
3.4% (2000)

Electricity - production:
8.859 billion kWh (2002)

Electricity - production by source:
fossil fuel: 2.9%
hydro: 97.1%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
5.046 billion kWh (2002)

Electricity - exports:
7.1 billion kWh (2002)

Electricity - imports:
3.907 billion kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
8,500 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Oil - proved reserves:
0 bbl (1 January 2002)

Natural gas - production:
60 million cu m (2001 est.)

Natural gas - consumption:
60 million cu m (2001 est.)

Natural gas - exports:
0 cu m (2001 est.)

Natural gas - imports:
0 cu m (2001 est.)

Natural gas - proved reserves:
63.71 billion cu m (1 January 2002)

Current account balance:
$-101.2 million (2004 est.)

Exports:
$689.4 million f.o.b. (2004 est.)

Exports - commodities:
aluminum, prawns, cashews, cotton, sugar, citrus, timber; bulk
electricity

Exports - partners:
Netherlands 60.9%, South Africa 12.9%, Malawi 3.3% (2004)

Imports:
$972.9 million f.o.b. (2004 est.)

Imports - commodities:
machinery and equipment, vehicles, fuel, chemicals, metal products,
foodstuffs, textiles

Imports - partners:
South Africa 41.4%, Netherlands 11%, Portugal 3.3% (2004)

Reserves of foreign exchange and gold:
$1.206 billion (2004 est.)

Debt - external:
$966 million (2002 est.)

Economic aid - recipient:
$632.8 million (2001)

Currency (code):
metical (MZM)

Currency code:
MZM

Exchange rates:
meticais per US dollar - 22,581 (2004), 23,782 (2003), 23,678
(2002), 20,704 (2001), 15,227 (2000)
note: effective October 2000, the exchange rate is determined as the
weighted average of buying and selling exchange rates of all
transactions of commercial banks an