Mozambique YIFEI LIN 600206 Basic Facts Mozambique is

Mozambique YI-FEI, LIN 600206

Basic Facts ● Mozambique is a country in Southeast Africa ● Official languages : Portuguese ● All economic sectors declined sharply after independence from Portugal in 1975 ● The economy of Mozambique has developed since the end of the Mozambican Civil War (1977– 1992) ● Subsistence agriculture continues to employ the vast majority of the country's workforce

GDP Growth, annual (%), Mozambique vs SSA vs World (1996 -2009)

GDP per capita growth , annual (%), Mozambique vs SSA vs World (1996 -2009)

GDP per capita , PPP(constant 2005 intermational $), Mozambique vs SSA vs World (19962009)

Mean Income, Mozambique , 1996 -2009

Poverty headcount ratio at $1. 90 a day (2011 PPP) (% of population), 19962009

Poverty gap at $1. 90 a day (2011 PPP) (%) , 1996 -2009

Squared Poverty Gap , $1. 9, 1996 -2009

GINI index

Summary of statistics ● The resettlement of war refugees and successful economic reform have led to a high growth rate. ● Mozambique’s rapid economic expansion over the past decades had only a moderate impact on poverty reduction, and the geographical distribution of poverty remains largely unchanged. ➔Gini index is higher in 2008 than 1996 ● Mozambique continues to face challenges brought on by global economic weakness and growing fiscal risks. Persistently low commodity prices and regional drought further decelerate growth.

Economic Performance Poverty in Mozambique has fallen, but not quickly enough.

Possible policies in improving poverty Increased access to services and markets, higher agricultural productivity and more resilience to shocks will contribute to faster poverty reduction.

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