The Mozambican economy advanced by 4.14% year-on-year in the first quarter of 2022, following an upwardly revised 3.57% rise in the previous three-month period. It was the fifth consecutive quarter of expansion and at the fastest pace since the second quarter of 2018, helped by the easing of pandemic restrictions. Growth was seen across all economic activities, notably hotels & restaurants (11.45% vs 2.67% in Q4), mining (8.56% vs 10.69%) and transport, storage & communications (7.34% vs 5.59%). Other significant positive contributions came from agriculture (4.03% vs 4.21%), manufacturing (3.80% vs 3.08%), construction (3.64% vs 4.68%) and internal trade (3.25% vs 3.26%). source: Instituto Nacional De Estatistica, Mozambique

GDP Annual Growth Rate in Mozambique averaged 5.31 percent from 2000 until 2022, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -3.52 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 July of 2022.

GDP Annual Growth Rate in Mozambique is expected to be 3.40 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 6.00 percent in 2023 and 5.70 percent in 2024, according to our econometric models.

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Mozambique GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-15 11:00 AM Q4 3.32% 3.36% 3.2%
2022-05-27 03:00 PM Q1 4.14% 3.57% 1.7%
2022-08-26 11:00 AM Q2 4.14% 3.4%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 -0.20 percent Dec 2018
GDP Annual Growth Rate 4.14 3.57 percent Mar 2022
GDP Constant Prices 178964.00 166367.00 MZN Million Mar 2022
Gross Fixed Capital Formation 372574.00 304482.00 MZN Million Dec 2020
Full Year GDP Growth -1.23 2.31 percent Dec 2020
GDP From Utilities 4805.00 4571.00 MZN Million Mar 2022
Gdp From Transport 17204.00 18010.00 MZN Million Mar 2022
Gdp From Services 18379.00 17633.00 MZN Million Mar 2022
GDP From Public Administration 5751.00 10032.00 MZN Million Mar 2022
GDP From Mining 8973.00 11676.00 MZN Million Mar 2022
GDP From Manufacturing 15071.00 15265.00 MZN Million Mar 2022
GDP From Construction 2584.00 3262.00 MZN Million Mar 2022
GDP From Agriculture 42185.00 31452.00 MZN Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.14 3.57 15.30 -3.52 2000 - 2022 percent Quarterly
2014=100

News Stream
Mozambique GDP Growth at Near 4-Year High
The Mozambican economy advanced by 4.14% year-on-year in the first quarter of 2022, following an upwardly revised 3.57% rise in the previous three-month period. It was the fifth consecutive quarter of expansion and at the fastest pace since the second quarter of 2018, helped by the easing of pandemic restrictions. Growth was seen across all economic activities, notably hotels & restaurants (11.45% vs 2.67% in Q4), mining (8.56% vs 10.69%) and transport, storage & communications (7.34% vs 5.59%). Other significant positive contributions came from agriculture (4.03% vs 4.21%), manufacturing (3.80% vs 3.08%), construction (3.64% vs 4.68%) and internal trade (3.25% vs 3.26%).
2022-05-30
Mozambican GDP Grows for 4th Quarter
The Mozambican economy advanced by 3.32% year-on-year in the fourth quarter of 2021, following a revised 3.36% rise in the previous three-month period. It was the fourth consecutive quarter of expansion, with growth seen across all economic activities, except utilities. The largest positive contribution came from primary activities, which grew 4.61%, in particular mining (6.86%) and agriculture (4.11%). The services sector advanced 3.02%, boosted by hotels & restaurants (7.22%); transport, storage, information & communication (4.91%) and finance (2.09%). Also, secondary activities grew 1.57%, boosted by construction (3.80%) and manufacturing (2.19%).
2022-02-15
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