The Mozambican economy contracted 1.2 percent in 2020, after a 2.3 percent expansion in 2019. source: Instituto Nacional De Estatistica, Mozambique

Full Year GDP Growth in Mozambique averaged 6.44 percent from 1992 until 2020, reaching an all time high of 12.09 percent in 2001 and a record low of -6.12 percent in 1992. This page includes a chart with historical data for Mozambique Full Year GDP Growth. Mozambique Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.

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Mozambique Full Year GDP Growth

Related Last Previous Unit Reference
GDP Annual Growth Rate 4.14 3.57 percent Mar 2022
GDP 14.02 15.29 USD Billion Dec 2020

Mozambique Full Year GDP Growth
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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.23 2.31 12.09 -6.12 1992 - 2020 percent Yearly
Constant 2014 prices, NSA