Markets Actual Q3 Q4 Q1 Q2 2023
Currency 63.18 63.28 63.36 63.45 63.53 63.69

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.14 3.7 3.5 3.8 5.3 6
Unemployment Rate (%) 25.04 27.7 27.7 26.8 26.8 26.8
Inflation Rate (%) 9.30 12 11.7 9.5 8.3 8
Inflation Rate Mom (%) 1.00 1.4 1.7 1.3 1 0.8
Interest Rate (%) 15.25 16 16 16 16 15
Balance of Trade (USD Million) -475.90 -200 -200 -200 -300 -300
Current Account (USD Million) -764.90 -2600 -2800 -2800 -2800 -2800
Current Account to GDP (% of GDP) -30.80 -53 -53 -53 -53 -28
Government Debt to GDP (% of GDP) 122.00 127 127 127 127 120
Government Budget (% of GDP) -4.80 -13.5 -13.5 -13.5 -13.5 -10
Business Confidence (points) 85.70 83 92 92 92 92
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.14 3.7 3.5 3.8 5.3 6
GDP (USD Billion) 16.10 14.3 17 17 17 17
GDP Constant Prices (MZN Million) 178964.00 184259 172681 172190 185765 182521
Gross Fixed Capital Formation (MZN Million) 372574.00 385242 386359 385614 386732 408751
GDP per capita (USD) 574.60 595 595 595 595 605
GDP per capita PPP (USD) 1342.29 1240 1285 1285 1285 1285
GDP From Agriculture (MZN Million) 42185.00 47981 39994 32553 43788 34506
GDP From Construction (MZN Million) 2584.00 3040 3029 3376 2682 3579
GDP From Manufacturing (MZN Million) 15071.00 14213 9482 15799 15644 16747
GDP From Mining (MZN Million) 8973.00 9880 12133 12085 9314 12810
GDP From Public Administration (MZN Million) 5751.00 12809 12544 10383 5970 11006
GDP From Utilities (MZN Million) 4805.00 4352 5281 4731 4988 5015

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 25.04 27.7 27.7 26.8 26.8 26.8
Population (Million) 30.83 32.05 32.9 32.9 32.9 32.9
Minimum Wages (MZN/Month) 5200.00 5200 5200 6050 6050 6050

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 9.30 12 11.7 9.5 8.3 8
Inflation Rate Mom (%) 1.00 1.4 1.7 1.3 1 0.8
Consumer Price Index CPI (points) 146.11 146 150 155 157 167
Producer Prices (points) 232.90 252 250 248 249 267
Producer Prices Change (%) -5.30 6.5 7 6.5 6.5 7
Food Inflation (%) 13.51 13 12.5 10 8.5 8
CPI Transportation (points) 150.11 152 155 157 158 160

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 15.25 16 16 16 16 15
Deposit Interest Rate (%) 7.47 7.47 8.22 8.22 8.22 7.22
Lending Rate (%) 18.60 18.6 19.35 19.35 19.35 18.35

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -475.90 -200 -200 -200 -300 -300
Current Account (USD Million) -764.90 -2600 -2800 -2800 -2800 -2800
Current Account to GDP (% of GDP) -30.80 -53 -53 -53 -53 -28
Imports (USD Million) 2041.80 1630 1750 1750 1750 1750
Exports (USD Million) 1565.90 1430 1450 1450 1450 1450

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 122.00 127 127 127 127 120
Government Budget (% of GDP) -4.80 -13.5 -13.5 -13.5 -13.5 -10
Government Spending (MZN Million) 155515.00 160803 161269 160958 161425 170616
Military Expenditure (USD Million) 166.00 132 132 132 132 132

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 7.00 7 7 7 7 7
Social Security Rate For Companies (%) 4.00 4 4 4 4 4
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 85.70 83 92 92 92 92
Industrial Production (%) -4.00 4 6.4 6.4 6.4 6.4
Industrial Production Mom (%) -11.60 -1.5 2.6 2.6 2.6 2.6
Leading Economic Index (%) -9.80 3.8 5 4 4 5
Mining Production (%) -11.90 10 8 8 8 8
Composite PMI (points) 52.00 52 51.7 50.8 51 51

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales Mom (%) 2.10 3.4 2 1.8 1.8 2.1
Retail Sales Yoy (%) 31.40 6.5 3 2.4 2.4 1.8
Consumer Spending (MZN Million) 446873.00 462067 463407 462514 463854 490264


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Mozambique Forecast - was last updated on Thursday, July 7, 2022.