Rat Catchers, Madamba, Mozambique

Since 1990, the Mozambican economy has been among the fastest-growing in the world, with an average annual GDP growth about 8%. The cyclone and devastating floods early 2000 reduced growth for that year to 2.1%, but the country bounced back in some style - GDP growth approximated 8-14% annually since 2001. Endowed with rich and extensive natural resources, Mozambique's present day economy is one huge potential. The country's economy is based largely on agriculture, which employs roughly 80% the country's population in mostly subsistence operations. Agriculture makes up around 25% GDP, with fast-growing industry (mainly food and beverages, chemical manufacturing, and aluminium and petroleum production) contributing 35% and services almost 40%. Imports still slightly overshadow exports, but the gap is closing. The country's tourism sector is growing, but still performing well below its potential. Sound economic management, massive international debt relief and great investment in human capital have been quite successful in alleviating poverty in the country
The government has taken steps to make Mozambique as attractive as possible to foreign direct investment, upon which it is heavily dependent. South Africa is Mozambique's main trading partner and source FDI, but Belgium, Spain and Portugal also figure among the country's most important partners.