Mozambique - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 0.6 1.6 2.1 1.7 1.5 percent
Unemployment Rate 25.04 24 23.8 23.72 23.65 13.4 percent
Inflation Rate 4.40 3.9 4.1 4.5 4.7 8.5 percent
Interest Rate 15.75 15 13 11 9 10 percent
Balance of Trade -202.00 -1662 108 432 -366 6.45 USD Million
Government Debt to GDP 88.20 130 130 132 132 120 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 58.50
 60.15 61.52 62.93 64.37 70.48
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent		 0.6 1.6 2.1 1.7 1.5
GDP Annual Growth Rate 3.20
percent		 3 5.1 5.2 3.7 6.3
GDP 12.33
USD Billion		 12.9 12.9 13.4 13.4 14
GDP Constant Prices 115204.00
MZN Million		 123939 121079 121195 136344 135271
Gross Fixed Capital Formation 104116.00
MZN Million		 105678 109426 109530 107968 122252
GDP per capita 519.00
USD		 530 530 535 535 568
GDP per capita PPP 1136.10
USD		 1142 1140 1182 1182 1144
Gdp From Agriculture 17969.00
MZN Million		 24436 18885 18903 35228 21099
Gdp From Construction 2623.00
MZN Million		 2467 2757 2759 2189 3080
Gdp From Manufacturing 9314.00
MZN Million		 10125 9789 9798 12503 10936
Gdp From Mining 5341.00
MZN Million		 7622 5613 5619 7222 6271
Gdp From Public Administration 7990.00
MZN Million		 9032 8397 8405 8325 9382
Gdp From Utilities 2829.00
MZN Million		 2911 2973 2976 3175 3322
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 25.04
percent		 24 23.8 23.72 23.65 13.4
Population 29.50
Million		 30.2 30.2 30.21 30.35 31.2
Wages High Skilled 24600.00
MZN/Month		 25600 25600 25600 19760 26600
Wages Low Skilled 10400.00
MZN/Month		 10900 10900 10900 8503 11500
Minimum Wages 4150.00
MZN/Month		 3800 3800 4000 4358 4000
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.40
percent		 3.9 4.1 4.5 4.7 8.5
Inflation Rate Mom 0.53
percent		 0.62 0.66 0.66 0.65 0.65
Consumer Price Index CPI 120.08
Index Points		 120 122 124 126 140
Producer Prices 216.90
Index Points		 210 225 221 222 239
Producer Prices Change -6.40
percent		 1.5 1.8 2 2.3 3.5
Food Inflation -0.60
percent		 -0.5 2.5 4.2 4.8 5
Cpi Housing Utilities 122.10
Index Points		 123 123 123 123 124
CPI Transportation 127.14
Index Points		 119 122 127 133 140
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 15.75
percent		 15 13 11 9 10
Money Supply M3 386870.10
MZN Million		 394506 401328 408169 414957 479492
Foreign Exchange Reserves 2959.00
USD Million		 2962 2962 2962 2962 2962
Deposit Interest Rate 17.10
percent		 16.35 14.35 12.35 10.35 11.35
Lending Rate 22.50
percent		 21.75 19.75 17.75 15.75 16.75
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -202.00
USD Million		 -1662 108 432 -366 6.45
Exports 1265.00
USD Million		 1691 1689 1689 1689 1689
Imports 1467.00
USD Million		 3352 1554 1257 2055 1683
Current Account -965.70
USD Million		 -847 -958 -901 -855 -904
Current Account to GDP -16.20
percent		 -31 -36 -29 -29 -27
Gold Reserves 4.40
Tonnes		 4.62 4.41 4.5 4.42 4.46
Terrorism Index 4.88
 4.27 4.55 4.27 3.99 2.08
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 88.20
percent		 130 130 132 132 120
Government Budget -4.40
percent of GDP		 -4.22 -4.18 -4.19 -4.2 -4.2
Military Expenditure 88.60
USD Million		 89.24 83.38 82.74 82.1 80.38
Government Spending 111916.00
MZN Million		 113595 117624 117736 116057 131411
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 103.00
Index Points		 99.8 103 103 103 103
Industrial Production 3.40
percent		 0.94 0.75 0.74 0.66 5
Industrial Production Mom -1.00
percent		 -0.19 -0.11 -0.07 -0.06 1.3
Internet Speed 2364.38
KBps		 2402 2397 2288 2330 2340
IP Addresses 60570.00
IP		 58757 58021 58408 58159 58319
Leading Economic Index 3.10
percent		 1.16 0.5 0.69 0.68 0.68
Mining Production 2.00
percent		 1.59 2.04 1.78 1.87 1.84
Ease of Doing Business 138.00
 135 133 133 133 139
Corruption Index 25.00
Points		 26 25 26 26 29
Corruption Rank 153.00
 151 152 152 151 160
Changes In Inventories 153252.00
MZN Million		 184538 207693 208953 210214 229358
Competitiveness Index 2.89
Points		 3.14 3.14 3 2.95 3.04
Competitiveness Rank 136.00
 132 132 135 136 133
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales Mom 2.00
percent		 0.59 0.7 0.68 0.68 0.68
Retail Sales Yoy -5.30
percent		 3.11 3.32 3.31 3.31 3.31
Consumer Spending 339125.00
MZN Million		 344212 356420 356760 351673 398197
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 32.00
percent		 32 32 32 32 32
Personal Income Tax Rate 32.00
percent		 32 32 32 32 32
Sales Tax Rate 17.00
percent		 17 17 17 17 17
Social Security Rate 7.00
percent		 7 7 7 7 7
Social Security Rate For Companies 4.00
percent		 4 4 4 4 4
Social Security Rate For Employees 3.00
percent		 3 3 3 3 3
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 176.41
mm		 12.61 88.51 188 80.37 84.29
Temperature 27.50
celsius		 21.31 25.76 25.65 24.43 24.19