Mozambique | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.10 1.6 1.1 1.62 1.89 1.5 percent [+]
Unemployment Rate 17.00 14.8 17.85 17.85 17.85 13.4 percent [+]
Inflation Rate 20.45 21.56 21.1 20.08 19.18 16.5 percent [+]
Interest Rate 21.75 21.75 21.5 21 20.75 19 percent [+]
Balance of Trade 18.20 51.95 61.43 222 234 249 USD Million [+]
Government Debt to GDP 120.00 118 127 137 138 166 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 59.69 60.42 61.02 62.81 62.21 71.78 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.10 1.6 1.1 1.62 1.89 1.5 percent [+]
GDP Annual Growth Rate 2.90 4.5 5 5.1 4.8 4.73 percent [+]
GDP 14.80 16.7 14.88 14.35 14.4 20.63 USD Billion [+]
GDP Constant Prices 115666.00 123362 119479 113957 117020 117511 MZN Million [+]
Gross Fixed Capital Formation 144526.00 157799 147128 136457 134658 112019 MZN Million [+]
GDP per capita 511.47 517 522 526 529 562 USD [+]
GDP per capita PPP 1119.70 1137 1144 1151 1160 1262 USD [+]
Gdp From Agriculture 25491.00 23136 22989 22980 22980 22980 MZN Million [+]
Gdp From Construction 1570.00 1844 1922 1945 1951 1953 MZN Million [+]
Gdp From Manufacturing 9862.00 10797 9760 9756 10136 10048 [+]
Gdp From Mining 5892.00 5353 5451 5433 5437 5436 MZN Million [+]
Gdp From Public Administration 3558.00 6333 6240 6243 6243 6243 MZN Million [+]
Gdp From Utilities 2938.00 3078 3205 3173 3136 3118 MZN Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 17.00 14.8 17.85 17.85 17.85 13.4 percent [+]
Population 27.98 26.95 27.11 27.26 27.26 30.02 Million [+]
Wages High Skilled 16000.00 18344 18639 18911 19164 20956 MZN/Month [+]
Wages Low Skilled 5500.00 5500 5500 5500 5500 5500 MZN/Month [+]
Minimum Wages 3642.00 3642 3642 3642 3576 3617 MZN/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 20.45 21.56 21.1 20.08 19.18 16.5 percent [+]
Inflation Rate Mom 1.13 1.5 0.71 0.77 0.76 0.76 percent [+]
Consumer Price Index CPI 116.29 116 116 116 116 116 Index Points [+]
Producer Prices 170.00 120 174 174 174 120 Index Points [+]
Producer Prices Change 37.40 39.7 39.98 39.94 39.93 39.94 percent [+]
Food Inflation 27.95 23.2 21.56 20.73 20.31 19.9 percent [+]
Cpi Transportation 109.63 110 112 111 110 111 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 21.75 21.75 21.5 21 20.75 19 percent [+]
Money Supply M3 362515.20 363573 364297 364546 364611 364643 MZM Million [+]
Foreign Exchange Reserves 1754.00 1731 1730 1730 1730 1730 USD Million [+]
Deposit Interest Rate 10.80 10.23 10.43 10.63 10.87 10.86 percent [+]
Lending Rate 28.32 29.65 30.73 31.57 32.24 34.52 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 18.20 51.95 61.43 222 234 249 USD Million [+]
Exports 1005.40 891 854 978 876 917 USD Million [+]
Imports 987.20 869 885 775 679 697 USD Million [+]
Current Account -717.70 -935 -679 -772 -684 -698 USD Million [+]
Current Account to GDP -40.40 -36.53 -38.89 -41.26 -41.59 -41.76 percent [+]
Gold Reserves 4.05 3.5 3.09 2.69 3.55 3.28 Tonnes [+]
Terrorism Index 3.54 2.5 2.14 1.78 1.5 1.21 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 120.00 118 127 137 138 166 percent [+]
Government Budget -11.10 -10 -12.18 -13.65 -12.9 -10.21 percent of GDP [+]
Government Spending 106768.00 107821 110651 113481 115159 140330 MZN Million [+]
Military Expenditure 167.70 156 162 168 168 166 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 92.60 98 92.59 92.53 92.54 92.54 [+]
Industrial Production 4.70 1 3.79 3.91 3.87 5 percent [+]
Industrial Production Mom 23.64 2.3 1.6 1.59 1.59 1.3 percent [+]
Leading Economic Index 10.30 1.16 0.91 0.74 0.77 0.79 percent [+]
Mining Production 0.90 20.32 20.69 20.53 20.61 20.58 percent [+]
Ease of Doing Business 137.00 142 143 144 141 133 [+]
Corruption Index 27.00 27 27 26 26 28 Points [+]
Corruption Rank 142.00 131 137 143 143 146 [+]
Changes In Inventories 77991.00 78213 81870 85527 83649 44545 MZN Million [+]
Competitiveness Index 3.13 3.18 3.18 3.18 3.16 3.24 Points [+]
Competitiveness Rank 133.00 115 115 115 113 98 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales Mom 1.00 0.71 0.71 0.71 0.71 0.71 percent [+]
Retail Sales Yoy -6.60 5.71 5.92 5.63 5.56 5.58 percent [+]
Consumer Spending 320200.00 310490 312753 315017 312677 255287 MZN Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Spending 320200.00 310490 312753 315017 312677 255287 MZN Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 32.00 32 32 32 32 32 percent [+]
Personal Income Tax Rate 32.00 32 32 32 32 32 percent [+]
Sales Tax Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate 7.00 7 7 7 7 7 percent [+]
Social Security Rate For Companies 4.00 4 4 4 4 4 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]