Markets Actual Q3 Q4 Q1 Q2 2021
Currency 70.40 70.7 71.01 71.32 71.62 72.22

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.68 -2.8 -3.1 2 2.3 2.6
Unemployment Rate (%) 25.04 25.7 25.7 26.4 26.4 26.4
Inflation Rate (%) 2.80 3.5 4 3.6 3.8 4.5
Inflation Rate Mom (%) -0.20 0.6 1 0.4 0.6 0.5
Interest Rate (%) 10.25 9.25 9.25 8 8 8
Balance of Trade (USD Million) -734.90 -370 -150 -500 -500 -200
Current Account (USD Million) -1012.70 -1100 -3000 -1050 -1050 -2600
Current Account to GDP (%) -54.20 -60 -60 -65 -65 -65
Government Debt to GDP (%) 108.80 130 130 125 125 125
Government Budget (% of GDP) -6.10 -6.5 -6.5 -6.3 -6.3 -6.3
Business Confidence (points) 74.30 86.5 90 87 88 93
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.68 -2.8 -3.1 2 2.3 2.6
GDP (USD Billion) 14.93 11.5 11.5 14.3 14.3 14.3
GDP Constant Prices (MZN Million) 171138.00 160512 159212 174561 175074 163351
Gross Fixed Capital Formation (MZN Million) 180258.00 177734 174670 183863 184404 179211
GDP per capita (USD) 587.30 520 520 555 555 555
GDP per capita PPP (USD) 1280.50 1200 1200 1240 1240 1240
GDP From Agriculture (MZN Million) 38254.00 34861 28146 39019 39134 28877
GDP From Construction (MZN Million) 2716.00 2937 3288 2770 2778 3373
GDP From Manufacturing (MZN Million) 14750.00 8855 14529 15045 15089 14907
GDP From Mining (MZN Million) 9464.00 12307 11432 9653 9682 11730
GDP From Public Administration (MZN Million) 5753.00 13015 10770 5868 5885 11050
GDP From Utilities (MZN Million) 4425.00 4525 4564 4514 4527 4683

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 25.04 25.7 25.7 26.4 26.4 26.4
Population (Million) 28.57 31.05 31.2 31.9 31.9 32.05
Minimum Wages (MZN/Month) 4390.00 4390 4390 4390 5050 5050

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.80 3.5 4 3.6 3.8 4.5
Inflation Rate Mom (%) -0.20 0.6 1 0.4 0.6 0.5
Consumer Price Index CPI (points) 125.75 128 130 131 131 136
Producer Prices (points) 248.90 292 291 291 291 307
Producer Prices Change (%) 11.90 5.7 5.3 5.3 5.3 5.3
Food Inflation (%) 7.40 7.6 7.8 8 8.2 8
CPI Transportation (points) 130.70 134 134 135 136 141

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 10.25 9.25 9.25 8 8 8
Lending Rate (%) 17.90 17.4 17.4 16.15 16.15 16.15

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -734.90 -370 -150 -500 -500 -200
Current Account (USD Million) -1012.70 -1100 -3000 -1050 -1050 -2600
Current Account to GDP (%) -54.20 -60 -60 -65 -65 -65
Imports (USD Million) 1734.00 1550 1500 1600 1600 1630
Exports (USD Million) 999.10 1180 1350 1100 1100 1430

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 108.80 130 130 125 125 125
Government Budget (% of GDP) -6.10 -6.5 -6.5 -6.3 -6.3 -6.3
Military Expenditure (USD Million) 129.00 130 130 130 130 132
Government Spending (MZN Million) 196170.56 183585 180419 189915 190474 185110

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 74.30 86.5 90 87 88 93
Industrial Production (%) 2.80 12 9 9 9 9.4
Industrial Production Mom (%) -19.90 15.2 -10.2 -10.2 -10.2 -8
Leading Economic Index (%) -1.50 -4.7 -7 1.5 -2 4
Mining Production (%) -23.20 -10 -24 20 20 22
Composite Pmi (points) 46.20 50.3 50.5 51 50.2 51

Consumer Actual Q3 Q4 Q1 Q2 2021
Retail Sales Mom (%) -3.90 -5 -6 4 3.5 3.5
Retail Sales Yoy (%) -1.80 -2 -2.8 1.7 3 5
Consumer Spending (MZN Million) 463386.66 431819 424373 446709 448023 435407


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.