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African Economic Outlook 2013

Structural Transformation and Natural Resources

image of African Economic Outlook 2013

The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework.

The focus of the 2013 edition if structural transformation and natural resources in Africa. This edition draws lessons from Africa and elsewhere on how to accelerate structural change and amplify the positive force of natural resources. The report also features and overview of Africa's performance and prospects, country notes and a rich statistical annex.

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Mozambique

OECD Development Centre

Mozambique continued its robust economic performance in 2012. The real gross domestic product (GDP) growth rate increased by 0.1% from 2011 to 2012. It was driven by larger than expected coal production, which contributed 0.8% to the GDP growth rate. The continuation of sizable foreign direct investment (FDI) inflows, increased coal production, credit expansion to the private sector and strong infrastructure investment are expected to drive growth to 8.5% and 8.0% in 2013 and 2014, respectively. An ambitious infrastructure programme, coupled with the expansion of social safety nets will pressure public finances. The continued negative trend in foreign aid flows will further stress the fiscal balance. The fiscal deficit is expected to worsen from 8.2% in 2012, to 9.2% and 9.5% in 2013 and 2014, respectively. The government plans to rely on private financing and public-private partnerships to finance infrastructure development; however, an enhanced institutional framework is needed to assure accountability and scrutiny for the plans to add economic value.

English Portuguese, French

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