Markets Actual Q1 Q2 Q3 Q4 2020
Currency 62.95 61.56 61.81 62.08 62.34 62.86
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 2.00 1.8 2 2 3.5 3.4
GDP Annual Growth Rate (%) 2.00 2.3 3.2 3 4 4.3
Unemployment Rate (%) 25.04 25.1 25.1 25.1 25.1 24.7
Inflation Rate (%) 3.50 1.8 1.7 1.5 1.7 1.8
Inflation Rate Mom (%) 1.58 1.7 1.3 0.8 0.6 1
Interest Rate (%) 12.75 12.25 12.25 11.25 11.25 10
Balance of Trade (USD Million) -493.10 -247 -1558 -244 -245 -312
Current Account to GDP (%) -31.50 -27 -27 -27 -27 -20
Government Debt to GDP (%) 113.00 120 120 120 120 110
Government Budget (% of GDP) -4.60 -5.3 -5.3 -5.3 -5.3 -5.1
Business Confidence (points) 92.80 94 96 96 96.5 97
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 2.00 1.8 2 2 3.5 3.4
GDP Annual Growth Rate (%) 2.00 2.3 3.2 3 4 4.3
GDP (USD Billion) 14.46 16 16 16 16 18
GDP Constant Prices (MZN Million) 161699.00 166202 180670 164124 168167 175398
Gross Fixed Capital Formation (MZN Million) 180258.00 182331 183142 182962 187468 195529
GDP per capita (USD) 539.20 547 547 547 547 555
GDP per capita PPP (USD) 1180.37 1182 1140 1140 1145 1145
GDP From Agriculture (MZN Million) 36097.00 38444 44587 36638 37541 39155
GDP From Construction (MZN Million) 2977.00 2188 2549 3022 3096 3229
GDP From Manufacturing (MZN Million) 8483.00 14770 13517 8610 8822 9202
GDP From Mining (MZN Million) 12762.00 10291 11677 12953 13272 13843
GDP From Public Administration (MZN Million) 13183.00 5424 14030 13381 13710 14300
GDP From Utilities (MZN Million) 4606.00 4278 4376 4675 4790 4996
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 25.04 25.1 25.1 25.1 25.1 24.7
Population (Million) 29.50 31.05 31.05 31.05 31.2 32.05
Wages High Skilled (MZN/Month) 24900.00 25600 25600 25600 26600 27500
Wages Low Skilled (MZN/Month) 9760.00 10900 10900 10900 11500 12000
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5450
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.50 1.8 1.7 1.5 1.7 1.8
Inflation Rate Mom (%) 1.58 1.7 1.3 0.8 0.6 1
Consumer Price Index CPI (points) 125.27 125 125 124 126 128
Producer Prices (points) 236.40 254 251 250 249 262
Producer Prices Change (%) 8.80 8.5 6 5.7 5.3 5.3
Food Inflation (%) 8.00 4.7 3.8 3.4 3.4 3
CPI Transportation (points) 129.33 132 131 131 132 134
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 12.75 12.25 12.25 11.25 11.25 10
Lending Rate (%) 18.00 18 18 17 17 17
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -493.10 -247 -1558 -244 -245 -312
Current Account to GDP (%) -31.50 -27 -27 -27 -27 -20
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 113.00 120 120 120 120 110
Government Budget (% of GDP) -4.60 -5.3 -5.3 -5.3 -5.3 -5.1
Military Expenditure (USD Million) 129.00 130 130 130 130 132
Government Spending (MZN Million) 186191.20 188332 189170 188984 193639 201965
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 92.80 94 96 96 96.5 97
Industrial Production (%) 3.60 0.6 12 12 9 9.4
Industrial Production Mom (%) 13.60 -2.3 15.2 15.2 -10.2 -8
Leading Economic Index (%) 2.50 3.2 2.7 3 3.4 3.7
Mining Production (%) 1.30 8.5 16 16 20 22
Composite Pmi (points) 50.80 52.7 53.2 53.5 54 54.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales Mom (%) 0.00 3.7 -2.8 -2.8 -6 0.8
Retail Sales Yoy (%) 3.50 35 35 35 10 12
Consumer Spending (MZN Million) 437949.84 442986 444957 444519 455468 475053


This page has economic forecasts for Mozambique including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mozambique economy.