Mozambique's GDP annual growth rate stood at 2 percent in Q4 2019, the slowest since Q3 2017, as the country rebuilds from the devastating cyclones of last year. Output continued to decline for mining & quarrying (-1.3 percent vs -3.7 percent in Q3); manufacturing (-2.6 percent vs 1.3 percent) and internal trade (-3.9 percent vs -0.6 percent). Also, slower increases were recorded for transport & storage (3.2 percent vs 5.8 percent); electricity, gas & water (3.1 percent vs 3.9 percent); construction (2 percent vs 2.6 percent); hotels & restaurants (1.5 percent vs 2.4 percent); real estate activities (3.2 percent vs 4.1 percent) and health & social assistance (2.7 percent vs 3.5 percent). On a more positive note, activity strengthened in finance & insurance (5.6 percent vs 4 percent); agriculture (1.4 percent vs 1 percent); fisheries (4.1 percent vs -2.2 percent); public administration (3.2 percent vs 1.6 percent) and education (1.8 percent vs 1 percent).
GDP Annual Growth Rate in Mozambique averaged 5.78 percent from 2000 until 2019, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -2.50 percent in the fourth quarter of 2002. This page provides the latest reported value for - Mozambique GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mozambique GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
GDP Annual Growth Rate in Mozambique is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mozambique to stand at 2.00 in 12 months time. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 2.60 percent in 2021 and 3.20 percent in 2022, according to our econometric models.