Markets Actual Q4 Q1 Q2 Q3 2021
Currency 72.35 72.76 73.07 73.39 73.7 74.33

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -3.25 -3.1 2 3.4 4.3 4
Unemployment Rate (%) 25.04 28 27.5 27.5 27.5 27.5
Inflation Rate (%) 2.98 3 3.4 3.8 4 4
Inflation Rate Mom (%) 0.32 1 0.4 0.6 0.6 0.5
Interest Rate (%) 10.25 10.25 10.25 9.25 9.25 9.25
Balance of Trade (USD Million) -734.90 -312 -150 -500 -500 -363
Current Account (USD Million) -930.40 -3000 -1050 -1050 -1050 -2600
Current Account to GDP (%) -54.20 -60 -57 -57 -57 -57
Government Debt to GDP (%) 108.80 130 125 125 125 125
Government Budget (% of GDP) -6.10 -8.2 -5.4 -5.4 -5.4 -5.4
Business Confidence (points) 75.90 63 82 90 95 90
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -3.25 -3.1 2 3.4 4.3 4
GDP (USD Billion) 14.93 11.5 14.3 14.3 14.3 14.3
GDP Constant Prices (MZN Million) 174603.00 128083 159074 174561 180540 136152
Gross Fixed Capital Formation (MZN Million) 304191.00 140525 294761 310275 314533 149379
GDP per capita (USD) 587.30 520 555 555 555 555
GDP per capita PPP (USD) 1280.50 1200 1240 1240 1240 1240
GDP From Agriculture (MZN Million) 45455.00 18100 28146 39019 47000 19241
GDP From Construction (MZN Million) 2831.00 2741 3150 2770 2927 2914
GDP From Manufacturing (MZN Million) 13483.00 11442 14529 15045 13941 12163
GDP From Mining (MZN Million) 8895.00 7743 11432 9653 9197 8231
GDP From Public Administration (MZN Million) 12637.00 8949 10770 5868 13067 9513
GDP From Utilities (MZN Million) 4465.00 3410 4564 4514 4617 3625

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 25.04 28 27.5 27.5 27.5 27.5
Population (Million) 28.57 31.2 31.9 31.9 31.9 32.05
Minimum Wages (MZN/Month) 4390.00 4390 4390 5050 5050 5050

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.98 3 3.4 3.8 4 4
Inflation Rate Mom (%) 0.32 1 0.4 0.6 0.6 0.5
Consumer Price Index CPI (points) 126.23 129 129 131 131 133
Producer Prices (points) 245.80 256 256 247 253 266
Producer Prices Change (%) -4.10 1.4 3.4 0.6 3 4
Food Inflation (%) 7.90 7.3 6.8 6.5 6 7
CPI Transportation (points) 131.06 138 133 134 136 143

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 10.25 10.25 10.25 9.25 9.25 9.25
Lending Rate (%) 16.90 16.9 16.9 15.9 15.9 15.9

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -734.90 -312 -150 -500 -500 -363
Current Account (USD Million) -930.40 -3000 -1050 -1050 -1050 -2600
Current Account to GDP (%) -54.20 -60 -57 -57 -57 -57
Imports (USD Million) 1734.00 1500 1600 1600 1600 1630
Exports (USD Million) 999.10 1350 1100 1100 1100 1430

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 108.80 130 125 125 125 125
Government Budget (% of GDP) -6.10 -8.2 -5.4 -5.4 -5.4 -5.4
Military Expenditure (USD Million) 129.00 130 130 130 130 132
Government Spending (MZN Million) 196170.56 126140 190089 200094 202840 134087

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 75.90 63 82 90 95 90
Industrial Production (%) -4.00 5 -0.3 3 7 7
Industrial Production Mom (%) 4.80 -10 5 -2 8 -1.5
Leading Economic Index (%) -1.50 -7 1.5 -2 8 4
Mining Production (%) -36.70 -24 -16 3.5 4.6 2
Composite Pmi (points) 46.60 48.7 50.6 50.2 51.3 51

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales Mom (%) -3.90 -6 4 3.5 3 3.5
Retail Sales Yoy (%) -1.80 -2.8 1.7 3 -2 5
Consumer Spending (MZN Million) 463386.66 370724 449022 472654 479142 394080


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.