Mozambique is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Mozambique may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries may have a lower life expectancy than citizens of developed countries. Every year, Mozambique exports about US$3.92 billion and imports about US$7.07 billion. 25% of the country's population is unemployed. The total number of unemployed in Mozambique is 7,632,168. In Mozambique, 46.1% of the population lives below the poverty line. The proportion of citizens living below the poverty line in Mozambique is very high compared to other countries. This situation points to a number of alarming economic and political factors. Investing in countries with this level of poverty is not advisable. Government spending on education is 5% of GDP. The country's Gini index is 45.6. There is a lack of equality in Mozambique. The gap between the richest and poorest citizens in this country is palpable. Mozambique has a Human Development Index (HDI) of 0.393. Mozambique has a lower mean HDI value. This suggests that the majority of citizens will struggle to live a worthwhile life due to flawed economic and social systems. The Global Peace Index (GPI) for Mozambique is 1.976. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Mozambique is very safe in international comparison. The strength of the legal rights index for Mozambique is 1. Overall, it is considered to be rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information is scarce, if any, and difficult to access.

Currency
The currency of Mozambique is Mozambican metical. There are several plural forms of the name 'Mozambican metical'. These are meticals, meticais. The symbol used for this currency is MT, and it is abbreviated as MZN. The Mozambican metical is divided into Centavo; there are 100 in one metical.

Credit rating
The depth of credit information index for Mozambique is 4, which means that information is usually sufficient and quite accessible, although occasionally some necessary details may be lacking. According to the S&P credit-rating agency, Mozambique has a credit rating score of B+, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Mozambique has a credit rating score of B, and the prospects of this rating are stable.

Central bank
In Mozambique, the institution that manages the state's currency, money supply, and interest rates is called Bank of Mozambique. Locally, the central bank of Mozambique is called Banco de Moçambique. The average deposit interest rate offered by local banks in Mozambique is 8.6%.

Public debt
The government debt of Mozambique has not been calculated yet.

Tax information
The corporate tax in Mozambique is set at 32%. Personal income tax ranges from 0% to 32%, depending on your specific situation and income level. VAT in Mozambique is 17%.

https://www.confiduss.com/en/jurisdictions/mozambique/economy/