The Mozambican economy grew by 2 percent year-on-year in the second quarter of 2021, the highest quarterly growth rate since the second quarter of 2019. Main contributions to growth came from the tertiary sector (2.8 percent), namely hotels and restaurants (4 percent vs -15.1 percent in Q1), and transport and communication (2.9 percent vs -9.7 percent). Also, the primary sector expanded 1.6 percent; mainly fishing (2.6 percent vs 1.3 percent) and mining (0.8 percent vs -18.0 percent). On the other hand, the secondary sector contracted by 1 percent, driven by electricity and water (-9.8 percent vs -2.2). source: Instituto Nacional De Estatistica, Mozambique
GDP Annual Growth Rate in Mozambique averaged 5.35 percent from 2000 until 2021, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -3.54 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Annual 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. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 4.20 percent in 2022 and 6.00 percent in 2023, according to our econometric models.