The economy of Mozambique grew by 3.6% year-on-year in the third quarter of 2022, decelerating from a 4.59% rise in the previous three-month period. It marks the slowest pace of growth since the third quarter of 2021, mainly reflecting weak performance in the secondary sector. The Mozambican government targeted GDP growth of 2.9% for 2022, as foreseen in the Economic and Social Plan and State Budget approved by parliament. source: Instituto Nacional De Estatistica, Mozambique

GDP Annual Growth Rate in Mozambique averaged 5.28 percent from 2000 until 2022, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -3.52 percent in the second quarter of 2020. 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 January of 2023.

GDP Annual Growth Rate in Mozambique is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 5.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Mozambique GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-31 03:00 PM Q2 4.59% 4.14% 3.7%
2022-12-01 12:00 PM Q3 3.6% 4.59% 4.7%
2023-02-15 11:00 AM Q4 3.5%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 -0.20 percent Dec 2018
GDP Annual Growth Rate 3.60 4.59 percent Sep 2022
GDP Constant Prices 172507.00 186372.00 MZN Million Sep 2022
Gross Fixed Capital Formation 286193.00 372574.00 MZN Million Dec 2021
Full Year GDP Growth 2.33 -1.23 percent Dec 2021
GDP from Utilities 4933.00 4500.00 MZN Million Sep 2022
GDP from Transport 19882.00 18922.00 MZN Million Sep 2022
GDP from Services 11653.00 16972.00 MZN Million Sep 2022
GDP from Public Administration 12300.00 12622.00 MZN Million Sep 2022
GDP from Mining 12732.00 10428.00 MZN Million Sep 2022
GDP from Manufacturing 8903.00 14184.00 MZN Million Sep 2022
GDP from Construction 2856.00 3006.00 MZN Million Sep 2022
GDP from Agriculture 40178.00 48755.00 MZN Million Sep 2022

Mozambique GDP Annual Growth Rate
The most important sector of Mozambican economy is services and accounts for 49 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles (12 percent); education (8 percent) and transport (7 percent). Industry constitutes 27 percent with mining and quarrying representing 11 percent as the country has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite and gemstones) with aluminum being the most important exported product. Manufacturing accounts for 10 percent and construction for 3 percent. Agriculture, hunting, forestry and fishing creates 24 percent of the wealth with prawns, cotton, cashew nuts, sugar, citrus, copra, coconuts, and timber being the most important crops. On the expenditure side, household consumption is the main component of GDP and accounts for 67 percent of its total use, followed by government expenditure (26 percent) and gross fixed capital formation (25 percent). Exports of goods and services account for 41 percent of GDP while imports account for 73 percent, subtracting 32 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 4.59 15.30 -3.52 2000 - 2022 percent Quarterly
2014=100

News Stream
Mozambique GDP Growth Slows to 1-Year Low
The economy of Mozambique grew by 3.6% year-on-year in the third quarter of 2022, decelerating from a 4.59% rise in the previous three-month period. It marks the slowest pace of growth since the third quarter of 2021, mainly reflecting weak performance in the secondary sector. The Mozambican government targeted GDP growth of 2.9% for 2022, as foreseen in the Economic and Social Plan and State Budget approved by parliament.
2022-12-01
Mozambique GDP Growth at Near 4-Year High
The Mozambican economy advanced by 4.14% year-on-year in the first quarter of 2022, following an upwardly revised 3.57% rise in the previous three-month period. It was the fifth consecutive quarter of expansion and at the fastest pace since the second quarter of 2018, helped by the easing of pandemic restrictions. Growth was seen across all economic activities, notably hotels & restaurants (11.45% vs 2.67% in Q4), mining (8.56% vs 10.69%) and transport, storage & communications (7.34% vs 5.59%). Other significant positive contributions came from agriculture (4.03% vs 4.21%), manufacturing (3.80% vs 3.08%), construction (3.64% vs 4.68%) and internal trade (3.25% vs 3.26%).
2022-05-30
Mozambican GDP Grows for 4th Quarter
The Mozambican economy advanced by 3.32% year-on-year in the fourth quarter of 2021, following a revised 3.36% rise in the previous three-month period. It was the fourth consecutive quarter of expansion, with growth seen across all economic activities, except utilities. The largest positive contribution came from primary activities, which grew 4.61%, in particular mining (6.86%) and agriculture (4.11%). The services sector advanced 3.02%, boosted by hotels & restaurants (7.22%); transport, storage, information & communication (4.91%) and finance (2.09%). Also, secondary activities grew 1.57%, boosted by construction (3.80%) and manufacturing (2.19%).
2022-02-15