Economic transformation and job creation in Mozambique

Balchin, Neil / Peter Coughlin / Phyllis Papadavid / Dirk Willem te Velde / Kasper Vrolijk
External Publications (2017)

Synthesis Paper, London: Overseas Development Institute

With its considerable mineral reserves, vast arable land, extensive coastline and harbours, transport corridors to inland countries,and the promise of future revenues from megaprojects in coal and gas, Mozambique has good prospects for diversifying production, advancing industrialisation andpromoting economic transformation. However, whileMozambique’s gross domestic product (GDP)has grown annually by 5-7% in real termsover the past decade, this has not been accompanied by structural change or sufficient job creation. Mozambique urgently requires a different focus towards economic transformation to address short-termmacroeconomic challenges and create much-needed jobs in a sustainable way.

About the author

Vrolijk, Kasper

Economy