The Gross Domestic Product (GDP) in Mozambique expanded 2 percent in the fourth quarter of 2018 over the previous quarter. source: Instituto Nacional De Estatistica, Mozambique

GDP Growth Rate in Mozambique averaged 1.48 percent from 2007 until 2018, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3 percent in the second quarter of 2013. This page provides the latest reported value for - Mozambique GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mozambique GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Growth Rate in Mozambique is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mozambique to stand at 2.00 in 12 months time. In the long-term, the Mozambique GDP Growth Rate is projected to trend around 3.00 percent in 2021 and 3.40 percent in 2022, according to our econometric models.

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Mozambique GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2018-11-19 02:30 PM Q3 -3.7% 1.5% 1.6%
2019-03-01 01:20 PM Q4 2.0% -0.2% 1.8%

Mozambique GDP Growth Rate
The most important sector of Mozambican economy is services and accounts for 49 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles (12 percent); education (8 percent) and transport (7 percent). Industry constitutes 27 percent with mining and quarrying representing 11 percent as the country has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite and gemstones) with aluminum being the most important exported product. Manufacturing accounts for 10 percent and construction for 3 percent. Agriculture, hunting, forestry and fishing creates 24 percent of the wealth with prawns, cotton, cashew nuts, sugar, citrus, copra, coconuts, and timber being the most important crops. On the expenditure side, household consumption is the main component of GDP and accounts for 67 percent of its total use, followed by government expenditure (26 percent) and gross fixed capital formation (25 percent). Exports of goods and services account for 41 percent of GDP while imports account for 73 percent, subtracting 32 percent of total GDP.