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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 0.6 1.6 2.1 1.7 1.5 percent
Unemployment Rate 25.04 24 23.8 23.72 23.65 13.4 percent
Inflation Rate 4.40 3.9 4.1 4.5 4.7 8.5 percent
Interest Rate 15.75 15 13 11 9 10 percent
Balance of Trade -202.00 -1662 108 432 -366 6.45 USD Million
Government Debt to GDP 88.20 130 130 132 132 120 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 57.80
60.15 61.52 62.93 64.37 70.48
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent
0.6 1.6 2.1 1.7 1.5
GDP Annual Growth Rate 3.20
percent
3 5.1 5.2 3.7 6.3
GDP 12.33
USD Billion
12.9 12.9 13.4 13.4 14
GDP Constant Prices 115204.00
MZN Million
123939 121079 121195 136344 135271
Gross Fixed Capital Formation 104116.00
MZN Million
105678 109426 109530 107968 122252
GDP per capita 519.00
USD
530 530 535 535 568
GDP per capita PPP 1136.10
USD
1142 1140 1182 1182 1144
Gdp From Agriculture 17969.00
MZN Million
24436 18885 18903 35228 21099
Gdp From Construction 2623.00
MZN Million
2467 2757 2759 2189 3080
Gdp From Manufacturing 9314.00
MZN Million
10125 9789 9798 12503 10936
Gdp From Mining 5341.00
MZN Million
7622 5613 5619 7222 6271
Gdp From Public Administration 7990.00
MZN Million
9032 8397 8405 8325 9382
Gdp From Utilities 2829.00
MZN Million
2911 2973 2976 3175 3322
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 25.04
percent
24 23.8 23.72 23.65 13.4
Population 29.50
Million
30.2 30.2 30.21 30.35 31.2
Wages High Skilled 24600.00
MZN/Month
25600 25600 25600 19760 26600
Wages Low Skilled 10400.00
MZN/Month
10900 10900 10900 8503 11500
Minimum Wages 4150.00
MZN/Month
3800 3800 4000 4358 4000
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.40
percent
3.9 4.1 4.5 4.7 8.5
Inflation Rate Mom 0.53
percent
0.62 0.66 0.66 0.65 0.65
Consumer Price Index CPI 119.94
Index Points
120 122 124 126 140
Producer Prices 216.90
Index Points
210 225 221 222 239
Producer Prices Change -6.40
percent
1.5 1.8 2 2.3 3.5
Food Inflation -0.60
percent
-0.5 2.5 4.2 4.8 5
Cpi Housing Utilities 121.69
Index Points
123 122 123 123 123
CPI Transportation 127.64
Index Points
119 122 127 134 140
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 15.75
percent
15 13 11 9 10
Money Supply M3 386870.10
MZN Million
394506 401328 408169 414957 479492
Foreign Exchange Reserves 2959.00
USD Million
2962 2962 2962 2962 2962
Deposit Interest Rate 17.10
percent
16.35 14.35 12.35 10.35 11.35
Lending Rate 22.50
percent
21.75 19.75 17.75 15.75 16.75
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -202.00
USD Million
-1662 108 432 -366 6.45
Exports 1265.00
USD Million
1691 1689 1689 1689 1689
Imports 1467.00
USD Million
3352 1554 1257 2055 1683
Current Account -965.70
USD Million
-847 -958 -901 -855 -904
Current Account to GDP -16.20
percent
-31 -36 -29 -29 -27
Gold Reserves 4.40
Tonnes
4.62 4.41 4.5 4.42 4.46
Terrorism Index 4.88
4.27 4.55 4.27 3.99 2.08
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 88.20
percent
130 130 132 132 120
Government Budget -4.40
percent of GDP
-4.22 -4.18 -4.19 -4.2 -4.2
Military Expenditure 88.60
USD Million
89.24 83.38 82.74 82.1 80.38
Government Spending 111916.00
MZN Million
113595 117624 117736 116057 131411
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 103.00
Index Points
99.8 103 103 103 103
Industrial Production 3.40
percent
0.94 0.75 0.74 0.66 5
Industrial Production Mom -1.00
percent
-0.19 -0.11 -0.07 -0.06 1.3
Internet Speed 2364.38
KBps
2402 2397 2288 2330 2340
IP Addresses 60570.00
IP
58757 58021 58408 58159 58319
Leading Economic Index 3.10
percent
1.16 0.5 0.69 0.68 0.68
Mining Production 2.00
percent
1.59 2.04 1.78 1.87 1.84
Ease of Doing Business 138.00
135 133 133 133 139
Corruption Index 25.00
Points
26 25 26 26 29
Corruption Rank 153.00
151 152 152 151 160
Changes In Inventories 153252.00
MZN Million
184538 207693 208953 210214 229358
Competitiveness Index 2.89
Points
3.14 3.14 3 2.95 3.04
Competitiveness Rank 136.00
132 132 135 136 133
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales Mom 2.00
percent
0.59 0.7 0.68 0.68 0.68
Retail Sales Yoy -5.30
percent
3.11 3.32 3.31 3.31 3.31
Consumer Spending 339125.00
MZN Million
344212 356420 356760 351673 398197
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 176.41
mm
12.61 88.51 188 80.37 84.29
Temperature 27.50
celsius
21.31 25.76 25.65 24.43 24.19