The Mozambican economy advanced by 3.36% year-on-year in the third quarter of 2021, following a revised 1.96% rise in the previous three-month period. It was the third consecutive quarter of expansion and at the fastest rate since Q1 2019, with growth seen across all economic activities. The largest positive contribution came from primary activities (4.78%), in particular mining (5.01%) and agriculture (4.88%). The services sector advanced 2.36%, boosted by hotels & restaurants (5.09%), financial services (2.43%) and transport, storage, information & communication (2.03%). Also, secondary activities grew 2.04%, primarily due to construction (2.21%), utilities (2.08%) and manufacturing (1.96%). source: Instituto Nacional De Estatistica, Mozambique

GDP Annual Growth Rate in Mozambique averaged 5.32 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 January of 2022.

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. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 8.00 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

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Mozambique GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-27 05:10 PM Q2 1.97% 0.12% 0.8%
2021-11-17 03:00 PM Q3 3.36% 1.96% 2.6%
2022-02-15 11:00 AM Q4 3.36%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 -0.20 percent Dec/18
GDP Annual Growth Rate 3.36 1.96 percent Sep/21
GDP Constant Prices 166285.00 177871.00 MZN Million Sep/21
Gross Fixed Capital Formation 372574.00 304482.00 MZN Million Dec/20
GDP From Utilities 4892.00 4043.00 MZN Million Sep/21
Gdp From Transport 18270.00 17165.00 MZN Million Sep/21
Gdp From Services 11425.00 16464.00 MZN Million Sep/21
GDP From Public Administration 12591.00 12895.00 MZN Million Sep/21
GDP From Mining 11338.00 9260.00 MZN Million Sep/21
GDP From Manufacturing 9047.00 13600.00 MZN Million Sep/21
GDP From Construction 2891.00 2910.00 MZN Million Sep/21
GDP From Agriculture 38343.00 46134.00 MZN Million Sep/21

News Stream
Mozambique GDP Growth at Over 2-Year High
The Mozambican economy advanced by 3.36% year-on-year in the third quarter of 2021, following a revised 1.96% rise in the previous three-month period. It was the third consecutive quarter of expansion and at the fastest rate since Q1 2019, with growth seen across all economic activities. The largest positive contribution came from primary activities (4.78%), in particular mining (5.01%) and agriculture (4.88%). The services sector advanced 2.36%, boosted by hotels & restaurants (5.09%), financial services (2.43%) and transport, storage, information & communication (2.03%). Also, secondary activities grew 2.04%, primarily due to construction (2.21%), utilities (2.08%) and manufacturing (1.96%).
2021-11-17
Mozambique GDP Growth at 2-Year High of 2% in Q2
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).
2021-08-27
Mozambican Economy Recovers Slightly in Q1
The Mozambican economy advanced by 0.12% year-on-year in the first quarter of 2021, following three consecutive quarters of contraction, amid the Covid-19 pandemic outbreak and associated lockdown measures. The largest positive contribution came from primary activities, in particular agriculture (4.8% vs 5.1% in Q4) and fisheries (1.3% vs 0.9%). This was despite a slump in mining (-18% vs -11.3%). Meanwhile, services contracted 1.1%, led by hotels & restaurants (-15.1% vs -21.6%) and transport, storage, information & communication (-9.6% vs -7.5%). Also, the secondary activities shrank 3.1%, primarily due to construction (-8.4% vs -4.1%) and manufacturing (-2.3% vs -1.4%).
2021-06-04

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.