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 1.00 1.6 1.8 1.6 1.4 1.5 percent
Unemployment Rate 25.04 24 23.8 23.72 23.65 13.4 percent
Inflation Rate 5.02 5.3 6.2 6.1 6 8.5 percent
Interest Rate 15.00 15 13 11 9 10 percent
Balance of Trade -261.00 -1870 -157 -91.64 -618 -322 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 61.30
 60.32 60.79 61.26 61.74 63.69
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.00
percent		 1.6 1.8 1.6 1.4 1.5
GDP Annual Growth Rate 3.30
percent		 3 3.5 5.2 3.7 6.3
GDP 12.33
USD Billion		 12.9 12.9 13.4 13.4 14
GDP Constant Prices 135459.00
MZN Million		 122567 119020 129150 140471 132970
Gross Fixed Capital Formation 130049.00
MZN Million		 115915 134601 136812 134861 150378
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 36001.00
MZN Million		 24115 16829 29017 37333 18802
Gdp From Construction 1758.00
MZN Million		 2218 2649 1819 1823 2959
Gdp From Manufacturing 11371.00
MZN Million		 10148 10767 11939 11792 12029
Gdp From Mining 7836.00
MZN Million		 7323 6478 7595 8126 7237
Gdp From Public Administration 8206.00
MZN Million		 8875 8194 4265 8510 9155
Gdp From Utilities 3053.00
MZN Million		 3031 3058 3109 3166 3417
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 5.02
percent		 5.3 6.2 6.1 6 8.5
Inflation Rate Mom 0.26
percent		 0.38 0.67 0.68 0.65 0.64
Consumer Price Index CPI 120.04
Index Points		 121 124 126 127 143
Producer Prices 216.90
Index Points		 203 225 221 221 236
Producer Prices Change -6.40
percent		 -2 1.8 2 1.8 3.5
Food Inflation 1.60
percent		 1.8 2.5 4.2 4.8 5
Cpi Housing Utilities 122.73
Index Points		 123 122 123 123 123
CPI Transportation 129.08
Index Points		 120 124 129 135 143
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 15.00
percent		 15 13 11 9 10
Money Supply M3 392969.90
MZN Million		 394506 401328 408169 414957 479492
Foreign Exchange Reserves 2972.00
USD Million		 2971 2971 2971 2971 2971
Deposit Interest Rate 17.10
percent		 17.1 15.1 13.1 11.1 12.1
Lending Rate 21.75
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 -261.00
USD Million		 -1870 -157 -91.64 -618 -322
Exports 1182.00
USD Million		 1484 1485 1485 1485 1485
Imports 1443.00
USD Million		 3354 1598 1576 2103 1806
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 116736.00
MZN Million		 113595 120822 122806 121055 134984
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 101.50
Index Points		 99.8 102 102 102 102
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 0.70
percent		 1.18 -0.04 0.78 0.61 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 55713.00
MZN Million		 45683 27111 32592 38074 -13116
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 -3.40
percent		 0.53 0.78 0.68 0.68 0.68
Retail Sales Yoy 8.30
percent		 5.55 4.52 4.38 4.39 4.39
Consumer Spending 343086.00
MZN Million		 336454 355094 360926 355780 396716
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