Markets Actual Q1 Q2 Q3 Q4 2021
Currency 66.80 67.09 67.37 67.67 67.96 68.53

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 2.00 1.4 1.2 1.6 2.3 3.5
Unemployment Rate (%) 25.04 25.1 25.1 25.1 25.1 24.7
Inflation Rate (%) 3.55 3.7 4.3 3.5 4 4.5
Inflation Rate Mom (%) 0.36 0.7 1.6 1.4 1 0.8
Interest Rate (%) 12.75 12.75 12.75 12.5 12.5 12
Balance of Trade (USD Million) -493.10 -420 -330 -370 -150 -200
Current Account (USD Million) -184.70 -940 -1300 -1100 -3000 -2600
Current Account to GDP (%) -31.50 -27 -27 -27 -27 -20
Government Debt to GDP (%) 113.00 77.9 77.9 77.9 77.9 78.2
Government Budget (% of GDP) -4.60 -5.3 -5.3 -5.3 -5.3 -5.1
Business Confidence (points) 92.80 85 75 70 80 94
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 2.00 1.4 1.2 1.6 2.3 3.5
GDP (USD Billion) 15.20 14.62 14.62 14.62 14.62 13.86
GDP Constant Prices (MZN Million) 171226.00 165462 178892 162993 175164 181295
Gross Fixed Capital Formation (MZN Million) 180258.00 181520 181340 181700 184404 190858
GDP per capita (USD) 539.20 553 553 553 553 569
GDP per capita PPP (USD) 1180.37 1211 1211 1211 1211 1246
GDP From Agriculture (MZN Million) 27046.00 38273 44148 36386 27668 28636
GDP From Construction (MZN Million) 3863.00 2178 2524 3001 3952 4090
GDP From Manufacturing (MZN Million) 15969.00 14704 13384 8551 16336 16908
GDP From Mining (MZN Million) 13211.00 10245 11562 12864 13515 13988
GDP From Public Administration (MZN Million) 10974.00 5400 13892 13288 11226 11619
GDP From Utilities (MZN Million) 4666.00 4259 4333 4643 4773 4940

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 25.04 25.1 25.1 25.1 25.1 24.7
Population (Million) 28.57 31.05 31.05 31.05 31.2 32.05
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5450
Wages High Skilled (MZN/Month) 24900.00 25600 25600 25600 26600 27500

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 3.55 3.7 4.3 3.5 4 4.5
Inflation Rate Mom (%) 0.36 0.7 1.6 1.4 1 0.8
Consumer Price Index CPI (points) 126.52 128 128 127 130 136
Producer Prices (points) 236.40 254 251 250 249 262
Producer Prices Change (%) 8.80 8.5 6 5.7 5.3 5.3
Food Inflation (%) 7.90 8.3 8.6 8.4 8.5 8
CPI Transportation (points) 129.82 134 135 133 134 141

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 12.75 12.75 12.75 12.5 12.5 12
Lending Rate (%) 18.00 18 18 17.75 17.75 17.75

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -493.10 -420 -330 -370 -150 -200
Current Account (USD Million) -184.70 -940 -1300 -1100 -3000 -2600
Current Account to GDP (%) -31.50 -27 -27 -27 -27 -20
Imports (USD Million) 1717.10 1420 1380 1550 1500 1630
Exports (USD Million) 1224.00 1000 1050 1180 1350 1430

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 113.00 77.9 77.9 77.9 77.9 78.2
Government Budget (% of GDP) -4.60 -5.3 -5.3 -5.3 -5.3 -5.1
Military Expenditure (USD Million) 129.00 130 130 130 130 132
Government Spending (MZN Million) 186191.20 187495 187308 187681 190474 197140

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 7.00 7 7 7 7 7
Social Security Rate For Companies (%) 4.00 4 4 4 4 4
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) 92.80 85 75 70 80 94
Industrial Production (%) 3.60 0.6 12 12 9 9.4
Industrial Production Mom (%) 13.60 -2.3 15.2 15.2 -10.2 -8
Leading Economic Index (%) 0.90 3.2 2.7 3 3.4 3.7
Mining Production (%) 1.30 8.5 16 16 20 22
Composite Pmi (points) 51.60 49.4 50.7 51.6 52 53

Consumer Actual Q1 Q2 Q3 Q4 2021
Retail Sales Mom (%) 3.30 3.7 -2.8 -2.8 -6 0.8
Retail Sales Yoy (%) -23.90 35 35 35 10 12
Consumer Spending (MZN Million) 437949.84 441015 440578 441453 448023 463703


This page has economic forecasts for Mozambique including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mozambique economy.