10 Least Developed Countries in the World Heading into 2024

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4. Mozambique

HDI Ranking: 185

GDP Per Capita: $541

Composite Score: 4

Mozambique’s economic landscape is showing gradual improvement, demonstrated by a 4.1% year-on-year growth in 2022. However, it faces challenges such as security concerns and the effects of fluctuating fuel and food prices. Furthermore, the economy’s reliance on sectors characterized by low productivity, such as agriculture and mining, constrains its ability to achieve inclusive growth.

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