The Mozambican economy grew 3.3 percent year-on-year in the second quarter of 2018, following a 3.2 percent expansion in the previous quarter. Output advanced faster for financial services (6.6 percent from 1.1 percent in Q1) and education (7.9 percent from 6.6 percent). On the other hand, output growth eased for agriculture (3.1 percent from 3.3 percent); trade and services (2.6 percent from 4.7 percent); transportation and communication (2.7 percent from 3.1 percent); manufacturing (2.5 percent from 3.2 percent); real estate (1.7 percent from 2.0 percent) and mining (8.3 percent from 9.0 percent). Additionally, output shrank for construction (-5.9 percent from 5.1 percent) and hotels and restaurants (-2.5 percent from 5.0 percent). On a quarterly basis, the economy expanded 1.0 percent, recovering from an upwardly revised 0.8 percent contraction. GDP Annual Growth Rate in Mozambique averaged 6.03 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.

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 11:00 AM GDP Growth Rate YoY 3.3% 3.6%


Mozambique GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.70 7.70 -2.90 percent [+]
GDP Annual Growth Rate 3.30 3.20 15.30 -2.50 percent [+]
GDP 12.33 11.01 16.96 2.09 USD Billion [+]
GDP Constant Prices 135459.00 122766.00 135459.00 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 36001.00 27583.00 36001.00 15144.00 MZN Million [+]
GDP From Construction 1758.00 1729.00 2625.00 957.00 MZN Million [+]
GDP From Manufacturing 11371.00 11349.00 12028.00 7674.00 MZN Million [+]
GDP From Mining 7836.00 7220.00 7836.00 844.00 MZN Million [+]
GDP From Public Administration 8206.00 4054.00 8744.00 2875.00 MZN Million [+]
GDP From Utilities 3053.00 2955.00 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 November of 2018.

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




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Japan 0.30 Sep/18
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