Finance of Mozambique
The minimum monthly wage in Mozambique is dependent on each particular industry. With regard to consumer prices, the inflation rate in Mozambique is 4.4%. 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. Each year, consumers spend around $7,600 million. The ratio of consumer spending to GDP in Mozambique is 0.05%, and the ratio of consumer spending to the world consumer market is 2.19%. 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%. In 2013, Mozambique received 2096.9 million USD in foreign aid.In 2014, the foreign aid amounted to 2084.9 USD.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mozambique is $31,213 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Mozambique was last recorded at $1,022,416. PPP in Mozambique is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Mozambique is 15,628 billion. Based on this statistic, Mozambique is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Mozambique was last recorded at $511,912. The average citizen in Mozambique has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Mozambique averaged 8.3% in 2014. According to this percentage, Mozambique is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.