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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.10 1.6 1.8 1.9 1.7 1.5 percent [+]
Unemployment Rate 24.37 24.2 24 23.8 23.6 13.4 percent [+]
Inflation Rate 10.76 13 12 12 12 14.5 percent [+]
Interest Rate 21.50 21.5 20 20 20 19 percent [+]
Balance of Trade -371.00 -325 -349 -364 -366 -396 USD Million [+]
Government Debt to GDP 120.00 125 130 130 130 120 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 60.60 60.1 59.5 58.89 58.28 51.6 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.10 1.6 1.8 1.9 1.7 1.5 percent [+]
GDP Annual Growth Rate 3.00 4.7 4.8 4.9 5.1 6.3 percent [+]
GDP 11.01 10.8 10.75 10.7 10.65 20.63 USD Billion [+]
GDP Constant Prices 129706.00 120468 121818 124648 123572 121408 MZN Million [+]
Gross Fixed Capital Formation 104116.00 99479 98491 97503 96514 89285 MZN Million [+]
GDP per capita 515.40 522 523 524 525 526 USD [+]
GDP per capita PPP 1128.30 1151 1154 1157 1161 1170 USD [+]
Gdp From Agriculture 32801.00 16935 25231 32109 23428 17268 MZN Million [+]
Gdp From Construction 2145.00 2085 1812 2187 2338 2011 MZN Million [+]
Gdp From Manufacturing 11224.00 9805 10095 10437 10080 9802 [+]
Gdp From Mining 7076.00 5917 6182 6199 6062 5851 MZN Million [+]
Gdp From Public Administration 7997.00 7397 4278 7542 7860 6881 MZN Million [+]
Gdp From Utilities 3062.00 3012 2958 2939 2928 2811 MZN Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 24.37 24.2 24 23.8 23.6 13.4 percent [+]
Population 28.83 29.1 30.2 30.2 30.2 31.2 Million [+]
Wages High Skilled 16000.00 15085 15082 15081 15080 15079 MZN/Month [+]
Wages Low Skilled 5500.00 5602 5602 5602 5602 5602 MZN/Month [+]
Minimum Wages 3642.00 3257 3413 3491 3569 3443 MZN/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 10.76 13 12 12 12 14.5 percent [+]
Inflation Rate Mom -0.02 1.07 0.71 0.7 0.76 0.75 percent [+]
Consumer Price Index CPI 114.57 114 114 114 114 112 Index Points [+]
Producer Prices 208.10 208 206 203 201 120 Index Points [+]
Producer Prices Change 37.40 32 27 22 20 9.5 percent [+]
Food Inflation 27.95 24 21 17 15 7.5 percent [+]
CPI Transportation 113.71 113 113 112 112 110 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 21.50 21.5 20 20 20 19 percent [+]
Money Supply M3 363549.00 368999 369372 368606 367374 354140 MZM Million [+]
Foreign Exchange Reserves 2240.00 2243 2227 2211 2195 2075 USD Million [+]
Deposit Interest Rate 10.80 11.88 12.38 12.89 13.39 15.84 percent [+]
Lending Rate 27.77 27.11 26.64 26.2 25.79 23.25 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -371.00 -325 -349 -364 -366 -396 USD Million [+]
Exports 977.00 919 941 936 898 902 USD Million [+]
Imports 1348.00 1166 1212 1215 1210 1127 USD Million [+]
Current Account -271.40 -476 -567 -483 -542 -511 USD Million [+]
Current Account to GDP -37.90 -36 -31 -31 -33.76 -27 percent [+]
Gold Reserves 4.36 3.64 3.53 3.53 3.44 3.1 Tonnes [+]
Terrorism Index 3.54 1.78 1.5 1.21 0.93 1.21 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 120.00 125 130 130 130 120 percent [+]
Government Budget -2.80 -5.75 -4.46 -3.18 -1.9 -4.75 percent of GDP [+]
Government Spending 111916.00 111713 111554 111395 111236 101047 MZN Million [+]
Military Expenditure 167.70 160 158 156 154 135 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 94.20 95.03 95.42 95.81 96.14 97.66 [+]
Industrial Production 4.70 8.83 9.4 9.77 10.06 5 percent [+]
Industrial Production Mom -12.40 -0.76 2.87 1.18 0.28 1.3 percent [+]
Leading Economic Index 2.60 0.9 0.55 0.84 0.71 0.73 percent [+]
Mining Production 21.60 32.04 32.43 32.66 32.85 33.16 percent [+]
Ease of Doing Business 137.00 144 141 139 137 133 [+]
Corruption Index 27.00 26 26 26 26 28 Points [+]
Corruption Rank 142.00 140 139 138 138 133 [+]
Changes In Inventories 153252.00 207693 208953 210214 211474 213465 MZN Million [+]
Competitiveness Index 2.89 3.12 3.12 3.12 3.12 3.15 Points [+]
Competitiveness Rank 136.00 132 132 132 132 135 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales Mom 1.50 0.73 0.69 0.69 0.69 0.69 percent [+]
Retail Sales Yoy 14.79 5.55 5.04 5.06 5.08 5.08 percent [+]
Consumer Spending 339125.00 336704 335258 333812 332366 305221 MZN Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 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 [+]