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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.10 1.2 1.6 1.7 1.8 1.5 percent
Unemployment Rate 24.37 24.25 24.22 24.2 23.92 13.4 percent
Inflation Rate 3.05 2.4 3.7 3.5 4.5 8.5 percent
Interest Rate 16.50 15 13.5 12 10 10 percent
Balance of Trade -378.00 -678 -116 429 -114 639 USD Million
Government Debt to GDP 88.20 130 130 130 132 120 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 59.48
66.5 72.26 78.51 85.32 119
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.10
percent
1.2 1.6 1.7 1.8 1.5
GDP Annual Growth Rate 2.90
percent
4.9 5.1 5.1 5.2 6.3
GDP 11.01
USD Billion
10.95 9.87 8.8 8.7 20.63
GDP Constant Prices 122701.00
MZN Million
132884 125830 118646 121681 132552
Gross Fixed Capital Formation 104116.00
MZN Million
106667 106771 111067 109530 124086
GDP per capita 515.40
USD
525 533 526 535 533
GDP per capita PPP 1128.30
USD
1147 1147 1148 1182 1185
Gdp From Agriculture 23863.00
MZN Million
33605 24472 18247 26818 20386
Gdp From Construction 2609.00
MZN Million
2198 2676 2448 1652 2735
Gdp From Manufacturing 9967.00
MZN Million
11499 10221 10227 10375 11426
Gdp From Mining 7509.00
MZN Million
7249 7700 4824 6198 5389
Gdp From Public Administration 8988.00
MZN Million
8216 9217 8182 3744 9141
Gdp From Utilities 2873.00
MZN Million
3137 2946 3248 3091 3629
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 24.37
percent
24.25 24.22 24.2 23.92 13.4
Population 28.83
Million
30.2 30.2 30.2 28.79 31.2
Wages High Skilled 24600.00
MZN/Month
25600 25600 25600 26600 26600
Wages Low Skilled 10400.00
MZN/Month
10900 10900 10900 10900 11500
Minimum Wages 3642.00
MZN/Month
3800 3800 3800 4000 4000
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.05
percent
2.4 3.7 3.5 4.5 8.5
Inflation Rate Mom 0.97
percent
0.55 0.65 0.64 0.63 0.63
Consumer Price Index CPI 117.80
Index Points
118 119 121 126 139
Producer Prices 206.60
Index Points
243 248 348 265 423
Producer Prices Change 6.00
percent
22 20 16 28.04 9.5
Food Inflation -1.70
percent
3.2 3.5 4 4.2 5
CPI Transportation 117.14
Index Points
114 118 121 122 140
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 16.50
percent
15 13.5 12 10 10
Money Supply M3 389996.40
MZN Million
395502 395718 394908 393660 377184
Foreign Exchange Reserves 2884.00
USD Million
2535 2252 2419 2393 2394
Deposit Interest Rate 10.80
percent
10.23 10.43 10.63 10.87 10.65
Lending Rate 25.75
percent
25.75 25.75 25.25 25.75 23.75
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -378.00
USD Million
-678 -116 429 -114 639
Exports 3341.00
USD Million
1127 3085 1588 1040 1999
Imports 3719.00
USD Million
1805 3201 1223 1155 1360
Current Account -950.80
USD Million
-677 -580 -680 -606 -597
Current Account to GDP -37.90
percent
-31 -31 -36 -29 -27
Gold Reserves 4.40
Tonnes
4 4.33 4.17 4.31 4.24
Terrorism Index 4.88
3.99 4.27 4.55 4.27 2.08
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 88.20
percent
130 130 130 132 120
Government Budget -2.80
percent of GDP
-4.47 -4.45 -4.44 -4.4 -4.29
Military Expenditure 167.70
USD Million
158 163 168 168 168
Government Spending 111916.00
MZN Million
114658 114770 119388 117736 133382
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 103.70
Index Points
99.7 99.8 102 102 102
Industrial Production 24.40
percent
16.5 15.19 14.57 14.03 5
Industrial Production Mom 5.30
percent
26.19 26.19 26.19 26.19 1.3
Internet Speed 2364.38
KBps
2251 2402 2397 2288 2340
IP Addresses 60570.00
IP
58225 58757 58021 58408 58319
Leading Economic Index 6.90
percent
0.99 0.94 0.92 0.92 0.92
Mining Production 24.90
percent
33.04 33.72 34.51 34.98 35.69
Ease of Doing Business 138.00
137 135 133 133 139
Corruption Index 25.00
Points
25 25 25 25 25
Corruption Rank 153.00
153 153 153 153 153
Changes In Inventories 153252.00
MZN Million
161383 184538 207693 208953 229358
Competitiveness Index 2.89
Points
3.01 3.01 3.01 3.01 3.01
Competitiveness Rank 136.00
134 134 134 134 134
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales Mom 9.50
percent
1.56 -0.76 2.36 0.86 1.04
Retail Sales Yoy -6.90
percent
-4.51 -2.43 -2.74 -1.45 1.06
Consumer Spending 339125.00
MZN Million
347434 347773 361767 356760 404170
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 176.41
mm
41.33 12.61 88.51 188 84.29
Temperature 27.50
celsius
21.97 21.31 25.76 25.65 24.19