The Mozambican economy expanded 3.2 percent year-on-year in the third quarter of 2018, slowing from an upwardly revised 3.4 percent growth in the previous quarter. Output growth eased for agriculture (2.3 percent from 3.0 percent in Q2); transportation and communication (1.7 percent from 2.7 percent); manufacturing (1.2 percent from 2.5 percent); education (4.4 percent from 8.2 percent); and real estate (1.4 percent from 1.7 percent). Additionally, output shrank for financial services (-1.9 percent from 6.6 percent). On the other hand, faster growth was recorded in trade and services (3.8 percent from 2.6 percent); and mining (15.4 percent from 8.3 percent). Also, output rebounded for hotels and restaurants (3.3 percent from -2.5 percent) and fell at a softer pace for construction (-2.2 percent from -5.9 percent). On a quarterly basis, the economy contracted 3.7 percent, after an upwardly revised 1.5 percent expansion in the prior period. GDP Annual Growth Rate in Mozambique averaged 6 percent from 2000 until 2018, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -2.50 percent in the fourth quarter of 2002.

GDP Annual Growth Rate in Mozambique is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mozambique to stand at 3.40 in 12 months time. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.

Mozambique GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-15 11:00 AM GDP Growth Rate YoY 3.7% 2.7% 3.1%
2018-05-31 03:50 PM GDP Growth Rate YoY 3.2% 3.7% 3%
2018-08-17 02:00 PM GDP Growth Rate YoY 3.3% 3.2% 3.5%
2018-11-19 02:30 PM GDP Growth Rate YoY 3.2% 3.4% 3.6%
2019-05-15 11:00 AM GDP Growth Rate YoY 3.50%
2019-05-31 03:50 PM GDP Growth Rate YoY 5.20%
2019-08-16 02:00 PM GDP Growth Rate YoY 3.40%


Mozambique GDP Last Previous Highest Lowest Unit
GDP Growth Rate -3.70 -3.70 7.70 -3.70 percent [+]
GDP Annual Growth Rate 3.20 3.30 15.30 -2.50 percent [+]
GDP 12.33 11.01 16.96 2.09 USD Billion [+]
GDP Constant Prices 124038.00 135372.00 135372.00 19407.00 MZN Million [+]
Gross Fixed Capital Formation 130049.00 114202.00 192390.00 23334.00 MZN Million [+]
GDP per capita 519.00 515.00 519.00 131.60 USD [+]
GDP per capita PPP 1136.10 1127.40 1136.10 354.30 USD [+]
GDP From Agriculture 24361.00 35682.00 35682.00 15144.00 MZN Million [+]
GDP From Construction 2137.00 1758.00 2625.00 957.00 MZN Million [+]
GDP From Manufacturing 10118.00 11371.00 12028.00 7674.00 MZN Million [+]
GDP From Mining 8329.00 7833.00 8329.00 844.00 MZN Million [+]
GDP From Public Administration 8953.00 8290.00 8953.00 2875.00 MZN Million [+]
GDP From Utilities 2966.00 3047.00 3546.00 1744.00 MZN Million [+]


Mozambique GDP Annual 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. This page provides the latest reported value for - Mozambique GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mozambique GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.30 15.30 -2.50 2000 - 2018 percent Quarterly




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India 7.10 Sep/18
China 6.50 Sep/18
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Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
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South Korea 2.00 Sep/18
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France 1.40 Sep/18
Brazil 1.30 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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