Markets Actual Q1 Q2 Q3 Q4 2022
Currency 74.30 74.57 74.89 75.22 75.53 76.17

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -1.09 1.6 2 2.2 2.1 4
Unemployment Rate (%) 25.04 27.5 27.5 27.5 27.5 27.7
Inflation Rate (%) 3.50 3.4 3.8 4 4 4.5
Inflation Rate Mom (%) 1.52 0.4 0.6 0.6 0.5 0.7
Interest Rate (%) 10.25 10.25 9.25 9.25 9.25 9.25
Balance of Trade (USD Million) -556.80 -150 -500 -500 -363 -200
Current Account (USD Million) -1384.40 -1050 -1050 -1050 -2600 -2800
Current Account to GDP (%) -54.20 -57 -57 -57 -57 -38
Government Debt to GDP (%) 108.80 123 123 123 123 121
Government Budget (% of GDP) -6.10 -5.4 -5.4 -5.4 -5.4 -4.7
Business Confidence (points) 86.40 82 90 95 90 95
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 2022
GDP Annual Growth Rate (%) -1.09 1.6 2 2.2 2.1 4
GDP (USD Billion) 14.93 14.3 14.3 14.3 14.3 17
GDP Constant Prices (MZN Million) 160894.00 159074 173876 178095 136152 162414
Gross Fixed Capital Formation (MZN Million) 304191.00 294761 309058 310275 149379 300951
GDP per capita (USD) 587.30 555 555 555 555 575
GDP per capita PPP (USD) 1280.50 1240 1240 1240 1240 1285
GDP From Agriculture (MZN Million) 36485.00 28146 38866 46364 19241 28737
GDP From Construction (MZN Million) 2851.00 3150 2759 2888 2914 3216
GDP From Manufacturing (MZN Million) 8898.00 14529 14986 13753 12163 14834
GDP From Mining (MZN Million) 10459.00 11432 9615 9073 8231 11672
GDP From Public Administration (MZN Million) 12476.00 10770 5845 12890 9513 10997
GDP From Utilities (MZN Million) 4776.00 4564 4496 4554 3625 4660

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 25.04 27.5 27.5 27.5 27.5 27.7
Population (Million) 28.57 31.9 31.9 31.9 32.05 32.9
Minimum Wages (MZN/Month) 4390.00 4390 5050 5050 5050 5050

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 3.50 3.4 3.8 4 4 4.5
Inflation Rate Mom (%) 1.52 0.4 0.6 0.6 0.5 0.7
Consumer Price Index CPI (points) 129.68 129 131 131 133 134
Producer Prices (points) 262.10 256 256 247 265 266
Producer Prices Change (%) -2.50 3.4 0.6 3 4 5
Food Inflation (%) 8.03 6.8 6.5 6 7 7.2
CPI Transportation (points) 131.10 133 134 136 143 139

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 10.25 10.25 9.25 9.25 9.25 9.25
Lending Rate (%) 15.90 16.9 16.9 15.9 19.9 15.9

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -556.80 -150 -500 -500 -363 -200
Current Account (USD Million) -1384.40 -1050 -1050 -1050 -2600 -2800
Current Account to GDP (%) -54.20 -57 -57 -57 -57 -38
Imports (USD Million) 1269.00 1600 1600 1600 1630 1750
Exports (USD Million) 712.20 1100 1100 1100 1430 1450

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 108.80 123 123 123 123 121
Government Budget (% of GDP) -6.10 -5.4 -5.4 -5.4 -5.4 -4.7
Military Expenditure (USD Million) 129.00 130 130 130 132 132
Government Spending (MZN Million) 196170.56 190089 199309 200094 134087 194081

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Business Confidence (points) 86.40 82 90 95 90 95
Industrial Production (%) -1.20 -0.3 3 7 4 6.4
Industrial Production Mom (%) 6.50 1.6 7 3 -1.5 2.6
Leading Economic Index (%) 5.00 1.5 -2 8 4 5
Mining Production (%) -40.90 12 16 14 10 8
Composite PMI (points) 49.30 50.1 50.2 51.3 51 53

Consumer Actual Q1 Q2 Q3 Q4 2022
Retail Sales Mom (%) 1.60 4 3.5 3 3.5 2
Retail Sales Yoy (%) -17.50 1.7 3 -2 5 2.5
Consumer Spending (MZN Million) 463386.66 449022 470801 472654 394080 458451


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.