Mozambique per capita GDP rises despite financial crisis.

26 Feb, 2009

Per capita gross domestic product (GDP) in Mozambique rose from US$301 in 2004 to US$356 in 2006 and $US473 in 2008, or by over 50 per cent in four years, the Mozambican government has said. Instead economic growth rose from 7.9 per cent in 2004 to 8.5 per cent in 2006 before dropping to 6.5 per cent in 2008, with a predicted growth in 2009 of between six and eight per cent according to the government. In light of these figures the executive has confirmed its target of reducing the proportion of people living below the poverty line from 54 per cent to 45 per cent by the end of its term of office later this year.

Meanwhile the International Monetary Fund (IMF) and the African Development Bank (AFDB) have said in a recent joint report that the country