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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.00 1.8 1.6 1.4 1.3 1.5 percent
Unemployment Rate 25.04 23.8 23.72 23.65 23.57 13.4 percent
Inflation Rate 4.75 5.6 6.1 6 6 8.5 percent
Interest Rate 15.00 13 11 9 9 10 percent
Balance of Trade -161.00 -198 -86.04 -247 -1558 -363 USD Million
Government Debt to GDP 88.20 130 132 132 132 120 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 60.85
 61.24 61.79 62.33 62.89 65.16
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.00
percent		 1.8 1.6 1.4 1.3 1.5
GDP Annual Growth Rate 3.30
percent		 3.5 5.2 3.7 3.5 6.3
GDP 12.33
USD Billion		 12.9 13.4 13.4 13.4 14
GDP Constant Prices 135459.00
MZN Million		 119020 129150 140471 140200 132970
Gross Fixed Capital Formation 130049.00
MZN Million		 134601 136812 134861 134601 150378
GDP per capita 519.00
USD		 530 535 535 535 568
GDP per capita PPP 1136.10
USD		 1140 1182 1182 1140 1144
GDP From Agriculture 36001.00
MZN Million		 16829 29017 37333 37261 18802
GDP From Construction 1758.00
MZN Million		 2649 1819 1823 1820 2959
GDP From Manufacturing 11371.00
MZN Million		 10767 11939 11792 11769 12029
GDP From Mining 7836.00
MZN Million		 6478 7595 8126 8110 7237
GDP From Public Administration 8206.00
MZN Million		 8194 4265 8510 8493 9155
GDP From Utilities 3053.00
MZN Million		 3058 3109 3166 3160 3417
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 25.04
percent		 23.8 23.72 23.65 23.57 13.4
Population 29.50
Million		 30.2 30.21 30.35 30.49 31.2
Wages High Skilled 24900.00
MZN/Month		 25600 25600 25617 25749 26600
Wages Low Skilled 9760.00
MZN/Month		 10900 10900 8461 8459 11500
Living Wage Individual 7790.00
MZN/Month		 7790 7790 7790 7790 7790
Minimum Wages 4150.00
MZN/Month		 3800 4000 4358 4485 4000
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.75
percent		 5.6 6.1 6 6 8.5
Inflation Rate Mom 0.07
percent		 0.41 0.7 0.5 0.3 0.7
Consumer Price Index CPI 120.26
Index Points		 123 126 127 127 142
Producer Prices 219.10
Index Points		 224 223 227 227 242
Producer Prices Change 4.50
percent		 4.7 4.1 3.8 3.6 4.2
Food Inflation 1.40
percent		 2.5 4.2 4.8 1.44 5
Cpi Housing Utilities 122.83
Index Points		 122 123 123 123 123
CPI Transportation 130.03
Index Points		 124 129 135 138 142
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 15.00
percent		 13 11 9 9 10
Money Supply M3 394727.90
MZN Million		 401101 407819 414540 421204 478416
Foreign Exchange Reserves 2933.00
USD Million		 2928 2928 2928 2928 2928
Deposit Interest Rate 12.37
percent		 10.37 8.37 6.37 6.37 7.37
Lending Rate 20.20
percent		 19.75 17.75 15.75 15.75 16.75
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -161.00
USD Million		 -198 -86.04 -247 -1558 -363
Exports 1356.00
USD Million		 1446 1447 1447 1447 1447
Imports 1517.00
USD Million		 1598 1533 1693 3005 1810
Current Account -630.30
USD Million		 -913 -865 -790 -871 -856
Current Account to GDP -16.20
percent		 -36 -29 -29 -29 -27
Gold Reserves 4.40
Tonnes		 4.24 4.36 4.32 4.36 4.33
Terrorism Index 4.88
 4.88 4.88 4.88 4.88 4.88
Capital Flows -616.30
USD Million		 -898 -776 -706 -812 -786
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 88.20
percent		 130 132 132 132 120
Government Budget -4.40
percent of GDP		 -4.4 -4.4 -4.4 -4.4 -4.4
Military Expenditure 88.60
USD Million		 83.38 82.74 82.1 81.46 80.38
Government Spending 116736.00
MZN Million		 120822 122806 121055 120822 134984
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 96.30
Index Points		 97.28 97.15 97.22 97.15 97.18
Industrial Production 3.10
percent		 -0.52 -0.32 -0.69 -0.48 5
Industrial Production Mom 15.50
percent		 3.12 1.68 1.1 0.87 1.3
Internet Speed 2364.38
KBps		 2397 2288 2330 2390 2340
IP Addresses 60570.00
IP		 58021 58408 58159 58501 58319
Leading Economic Index -2.30
percent		 0.1 0.81 0.63 0.71 0.69
Mining Production 3.00
percent		 4.68 4.72 4.78 4.74 4.76
Ease of Doing Business 135.00
 133 133 132 132 137
Corruption Index 25.00
Points		 25 25 25 25 25
Corruption Rank 153.00
 153 153 153 153 153
Changes In Inventories 55713.00
MZN Million		 27111 32592 38074 43556 -13116
Competitiveness Index 39.75
Points		 40.25 40.25 40.25 40.25 42.75
Competitiveness Rank 133.00
 133 133 133 133 133
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Mom 1.80
percent		 0.74 0.7 0.71 0.71 0.71
Retail Sales Yoy 8.50
percent		 4.69 4.49 4.5 4.51 4.51
Consumer Spending 343086.00
MZN Million		 355094 360926 355780 355094 396716
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 176.41
mm		 88.51 188 80.37 80.18 84.29
Temperature 27.50
celsius		 25.76 25.65 24.43 24.42 24.19



Mozambique - Economic Forecasts - 2018-2020 Outlook