Markets Actual Q2 Q3 Q4 Q1 2022
Currency 57.54 57.79 58.03 58.29 58.54 59.03

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -2.37 2 1.3 2.3 3 4.5
Unemployment Rate (%) 25.04 27.5 27.5 27.5 25 25
Inflation Rate (%) 5.76 6 4.4 4 3.6 4.5
Inflation Rate Mom (%) 0.86 0.6 0.6 0.5 0.5 0.7
Interest Rate (%) 13.25 13.25 14.25 14.25 14.25 15.5
Balance of Trade (USD Million) -427.30 -150 -500 -363 -363 -200
Current Account (USD Million) -733.60 -1050 -1050 -2600 -2600 -2800
Current Account to GDP (%) -19.90 -57 -57 -57 -57 -38
Government Debt to GDP (%) 113.70 123 123 123 123 121
Government Budget (% of GDP) -11.70 -5.4 -5.4 -5.4 -5.4 -4.7
Business Confidence (points) 89.40 85 87 90 83 92
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -2.37 2 1.3 2.3 3 4.5
GDP (USD Billion) 14.93 14.3 14.3 14.3 14.3 17
GDP Constant Prices (MZN Million) 160290.00 173876 178130 136152 163977 171356
Gross Fixed Capital Formation (MZN Million) 304191.00 309058 310275 149379 311187 325191
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) 29373.00 38866 46364 19241 30049 31401
GDP From Construction (MZN Million) 3136.00 2759 2922 2914 3208 3352
GDP From Manufacturing (MZN Million) 14823.00 14986 13753 12163 15164 15846
GDP From Mining (MZN Million) 10257.00 9615 9073 8231 10493 10965
GDP From Public Administration (MZN Million) 10366.00 5845 12890 9513 10604 11082
GDP From Utilities (MZN Million) 4467.00 4496 4554 3625 4570 4775

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 25.04 27.5 27.5 27.5 25 25
Population (Million) 30.83 31.9 31.9 32.05 32.05 32.9
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5050

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.76 6 4.4 4 3.6 4.5
Inflation Rate Mom (%) 0.86 0.6 0.6 0.5 0.5 0.7
Consumer Price Index CPI (points) 134.11 134 132 135 139 141
CPI Transportation (points) 131.68 139 137 136 136 142
Food Inflation (%) 12.65 8.5 6 7 6 7.2
Producer Prices (points) 232.90 256 256 265 265 266
Producer Prices Change (%) -5.30 0.6 3 4 4 5

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 13.25 13.25 14.25 14.25 14.25 15.5
Lending Rate (%) 17.80 15.9 15.9 19.9 16.9 18.15

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -427.30 -150 -500 -363 -363 -200
Current Account (USD Million) -733.60 -1050 -1050 -2600 -2600 -2800
Current Account to GDP (%) -19.90 -57 -57 -57 -57 -38
Imports (USD Million) 1468.60 1600 1600 1630 1630 1750
Exports (USD Million) 1041.30 1100 1100 1430 1430 1450

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 113.70 123 123 123 123 121
Government Budget (% of GDP) -11.70 -5.4 -5.4 -5.4 -5.4 -4.7
Military Expenditure (USD Million) 133.00 130 130 132 132 132
Government Spending (MZN Million) 196170.56 199309 200094 134087 200682 209713

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 89.40 85 87 90 83 92
Industrial Production (%) -4.00 3 7 4 4 6.4
Industrial Production Mom (%) -11.60 7 3 -1.5 -1.5 2.6
Composite PMI (points) 51.30 47.6 48.5 49.7 50.1 51
Leading Economic Index (%) -4.60 -2 8 4 4 5
Mining Production (%) -11.90 16 14 10 10 8

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (MZN Million) 463386.66 470801 472654 394080 474045 495377
Retail Sales Mom (%) -11.60 3.5 3 3.5 3.5 2
Retail Sales Yoy (%) -4.80 3 -2 5 5 2.5


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.