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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10 1.9 1.2 1.6 1.7 1.5 percent
Unemployment Rate 24.37 24.12 24.15 24.17 24.2 13.4 percent
Inflation Rate 5.65 4 3 2 2 14.5 percent
Interest Rate 19.50 19.5 19.5 19.5 19 19 percent
Balance of Trade -378.00 -247 -316 -316 -290 -362 USD Million
Government Debt to GDP 120.00 130 130 130 130 120 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 58.30
63.55 69.23 75.4 82.12 116
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.10
percent
1.9 1.2 1.6 1.7 1.5
GDP Annual Growth Rate 2.90
percent
4.8 4.9 5.1 5.1 6.3
GDP 11.01
USD Billion
13.5 12.6 11.7 10.8 20.63
GDP Constant Prices 122701.00
MZN Million
119753 122375 120089 118771 118506
Gross Fixed Capital Formation 104116.00
MZN Million
127910 118433 108956 99479 89285
GDP per capita 515.40
USD
523 522 522 522 526
GDP per capita PPP 1128.30
USD
1148 1149 1150 1151 1170
Gdp From Agriculture 23863.00
MZN Million
25037 32196 24217 17214 17588
Gdp From Construction 2609.00
MZN Million
1800 2197 2388 2054 2027
Gdp From Manufacturing 9967.00
MZN Million
10082 10374 9948 9828 9752
Gdp From Mining 7509.00
MZN Million
6560 6693 6793 6686 6445
Gdp From Public Administration 8988.00
MZN Million
4236 7597 8695 7282 7062
Gdp From Utilities 2873.00
MZN Million
2830 2853 2841 2823 2738
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 24.37
percent
24.12 24.15 24.17 24.2 13.4
Population 28.83
Million
30.2 30.2 30.2 30.2 31.2
Wages High Skilled 24600.00
MZN/Month
19816 19837 19859 19881 19628
Wages Low Skilled 10400.00
MZN/Month
8526 8589 8651 8713 8189
Minimum Wages 3642.00
MZN/Month
3642 3800 3800 3800 4000
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 5.65
percent
4 3 2 2 14.5
Inflation Rate Mom 1.10
percent
0.93 0.68 0.65 0.69 0.7
Consumer Price Index CPI 116.91
Index Points
119 120 120 120 119
Producer Prices 206.60
Index Points
203 199 195 192 120
Producer Prices Change 6.00
percent
27 22 20 16 9.5
Food Inflation 1.80
percent
21 17 15 12 7.5
CPI Transportation 117.23
Index Points
117 115 113 112 107
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 19.50
percent
19.5 19.5 19.5 19 19
Money Supply M3 380715.40
MZM Million
388704 389910 389503 388414 376384
Foreign Exchange Reserves 2448.00
USD Million
2463 2444 2423 2402 2258
Deposit Interest Rate 10.80
percent
10.74 11.12 11.5 11.88 15.84
Lending Rate 27.50
percent
27 26.56 26.15 25.76 23.53
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -378.00
USD Million
-247 -316 -316 -290 -362
Exports 3341.00
USD Million
978 1111 3116 1595 2058
Imports 3719.00
USD Million
1067 1801 3218 1259 1410
Current Account -347.60
USD Million
-411 -391 -403 -403 -428
Current Account to GDP -37.90
percent
-31 -31 -36.07 -36 -27
Gold Reserves 4.36
Tonnes
4.07 3.9 3.78 3.7 3.24
Terrorism Index 4.88
3.71 3.99 4.27 4.55 2.59
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 120.00
percent
130 130 130 130 120
Government Budget -2.80
percent of GDP
-4.88 -5.17 -5.46 -5.75 -4.75
Military Expenditure 167.70
USD Million
147 151 155 160 135
Government Spending 111916.00
MZN Million
109983 110560 111136 111713 101047
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 96.30
Index Points
96.76 97.02 97.26 97.42 98.15
Industrial Production 24.40
percent
17.03 16.5 15.19 14.57 5
Industrial Production Mom 5.30
percent
17.15 16.26 -14.16 0.15 1.3
Internet Speed 2364.38
KBps
2139 2202 2190 2105 1934
IP Addresses 60570.00
IP
51907 51097 50875 49462 44243
Leading Economic Index 2.10
percent
0.8 0.74 0.71 0.69 0.69
Mining Production 24.90
percent
31.39 33.04 33.72 34.51 35.66
Ease of Doing Business 138.00
138 137 135 133 136
Corruption Index 27.00
Points
27 26 26 26 28
Corruption Rank 142.00
118 125 133 140 133
Changes In Inventories 153252.00
MZN Million
138227 161383 184538 207693 213465
Competitiveness Index 2.89
Points
3.12 3.12 3.12 3.01 3.15
Competitiveness Rank 136.00
132 132 132 138 135
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales Mom 4.20
percent
0.6 0.7 0.7 0.7 0.7
Retail Sales Yoy -2.10
percent
4.38 4.69 4.64 4.63 4.63
Consumer Spending 339125.00
MZN Million
325517 329246 332975 336704 305221
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 176.41
mm
187 41.33 12.61 88.51 84.29
Temperature 27.50
celsius
25.6 21.97 21.31 25.76 24.19