The Mozambican economy expanded 2.3 percent year-on-year in Q2 2019, slowing further from a 2.5 percent advance in the prior period. It was the weakest growth since Q3 2018, reflecting the lingering effects of devastating cyclones Idai and Kenneth which struck the country in March and April, respectively. As such, output continued to shrink for mining & quarrying (-3.5% vs 2.0%); electricity, gas & water (-2.9% vs -7.1%) and agriculture (-0.1% vs 2.6%), on the back of extensive crop losses caused by storms. Also, smaller gains were recorded in internal trade (1.6% vs 2.6% in Q1); real estate activities and business services (4.7% vs 5.0%); public administration (3.0% vs 3.1%) and fishing activities (2.1% vs 3.8%). Conversely, growth picked up for transport, storage, information & communication (6.7% vs 3.3%); health & social care (6.6% vs 3.2%); financial services (3.1% vs 2.7%); hotels & restaurants (3.5% vs 1.1%); construction (3% vs 1.2%) and manufacturing (3.7% vs 2.9%). GDP Annual Growth Rate in Mozambique averaged 5.88 percent from 2000 until 2019, 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 1.80 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 2.60 in 12 months time. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Mozambique GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-19 02:30 PM GDP Growth Rate YoY Q3 3.2% 3.4% 3.6%
2019-03-01 01:20 PM GDP Growth Rate YoY Q4 3.1% 3.2% 3.5%
2019-06-13 03:10 PM GDP Growth Rate YoY Q1 2.5% 3.0% -0.7%
2019-09-10 08:50 AM GDP Growth Rate YoY Q2 2.3% 2.5% 1.3%
2019-11-19 02:30 PM GDP Growth Rate YoY Q3 2.3% 1.8%


Mozambique GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 -0.20 7.70 -3.00 percent [+]
GDP Annual Growth Rate 2.30 2.50 15.30 -2.50 percent [+]
GDP 14.46 12.65 16.96 2.09 USD Billion [+]
GDP Constant Prices 177825.00 164312.00 177825.00 19407.00 MZN Million [+]
Gross Fixed Capital Formation 180258.00 160318.20 225550.60 35600.80 MZN Million [+]
GDP per capita 539.20 537.60 539.20 134.00 USD [+]
GDP per capita PPP 1180.37 1176.85 1180.37 361.09 USD [+]
GDP From Agriculture 43885.00 38007.00 43905.00 15144.00 MZN Million [+]
GDP From Construction 2509.00 2163.00 3787.00 957.00 MZN Million [+]
GDP From Manufacturing 13304.00 14602.00 16401.00 7674.00 MZN Million [+]
GDP From Mining 11493.00 10174.00 13380.00 844.00 MZN Million [+]
GDP From Public Administration 13809.00 5362.00 13809.00 2875.00 MZN Million [+]
GDP From Utilities 4229.00 4526.00 4553.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.50 15.30 -2.50 2000 - 2019 percent Quarterly
2014=100




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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