GDP in Mozambique

Mozambique GDP | Economic News & Forecasts

Mozambique - GDP

The economy continued to grow in the third quarter, expanding 3.4% in annual terms, accelerating from the 2.0% growth tallied in the prior quarter. Q3’s upturn was largely attributed to higher output in the agricultural sector, extractive industries and the manufacturing sector, while electricity and gas production bounced back. However, a slowdown in activity in the construction and transportation sectors put a lid on Q3’s growth. Available data suggests that positive dynamics have carried over to the last quarter of the year. The private sector PMI rose healthily in October–November, on the back of solid growth in new business. Meanwhile, in early December the country received two million vaccines through the Covax program, which should help ramp up the country’s inoculation campaign and thus bodes well for activity overall.

Mozambique - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)6.7  3.8  3.7  3.4  2.2  

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Mozambique GDP Chart

Mozambique GDP
Note: GDP, annual variation in %.
Source: National Institute Statistics

Mozambique Facts

Value Change Date
Exchange Rate62.430.48 %Jan 01
Stock Market0.10.0 %Jan 06

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