Mozambique Government Debt To GDP

Mozambique recorded a Government Debt to GDP of 42.20 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Mozambique is reported by the Banco de Moçambique. Government Debt To GDP in Mozambique averaged 74.09 Percent from 1999 until 2012, reaching an all time high of 138.40 Percent in 2001 and a record low of 39.30 Percent in 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Mozambique Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
42.20 39.30 138.40 39.30 37.97 | 2013/12 1999 - 2012 Percent Yearly

TO

Mozambique Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget -6.80 2012-12-31 -3.30 -1.10 -7.00 -7.98 2013-12-31 Percent of GDP [+]
Government Debt To GDP 42.20 2012-12-31 39.30 138.40 39.30 37.97 2013-12-31 Percent [+]
Credit Rating 32.50 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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At its January 13th, 2014 meeting, Bank of Mozambique decided to leave the benchmark interest rate on hold at 8.25 percent. In 2013, the Bank cut the interest rate by 125 bps.
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In December of 2013, Mozambican annual inflation rate slowed to 3.54 percent, the lowest rate in eleven months. Inflation a year ago was recorded at 2.02 percent.
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