The Mozambican economy expanded 2.5 percent year-on-year in Q1 2019, slowing from a downwardly revised 3.0 percent advance in the previous period, in part reflecting the impact of two devastating cyclones. Output grew less for transport, storage, information & communication (3.3% vs 7.2% in Q4); financial services (2.7% vs 5.6%); hotels & restaurants (1.1% vs 7%); education (0.2% vs 1%); mining (2% vs 15.6%) and agriculture (2.6% vs 2.7%). Meantime, the utilities sector contracted sharply (-7.1% vs 0.6%). On the other hand, growth picked up for real estate activities and business services (5% vs 4.9%); manufacturing (2.9% vs 0.9%); fishing (3.8% vs 1%). Also, output rebounded for construction (1.2% vs -1.1%) and public administration (3.1% vs -7.9%, amid efforts to rebuild damaged infrastructure. GDP Annual Growth Rate in Mozambique averaged 5.92 percent from 2000 until 2019, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -2.50 percent in the fourth quarter of 2002.

GDP Annual Growth Rate in Mozambique is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mozambique to stand at 2.50 in 12 months time. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Mozambique GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 02:00 PM GDP Growth Rate YoY Q2 3.3% 3.2% 3.5%
2018-11-19 02:30 PM GDP Growth Rate YoY Q3 3.2% 3.4% 3.6%
2019-03-01 01:20 PM GDP Growth Rate YoY Q4 3.1% 3.2% 3.5%
2019-06-13 03:10 PM GDP Growth Rate YoY Q1 2.5% 3.0% -0.7%
2019-08-16 02:00 PM GDP Growth Rate YoY Q2 2.5% 1.3%
2019-11-19 02:30 PM GDP Growth Rate YoY Q3 1.6%


Mozambique GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 -0.20 7.70 -3.00 percent [+]
GDP Annual Growth Rate 2.50 3.00 15.30 -2.50 percent [+]
GDP 14.46 12.65 16.96 2.09 USD Billion [+]
GDP Constant Prices 164312.00 167818.00 173777.00 19407.00 MZN Million [+]
Gross Fixed Capital Formation 180258.00 160318.20 225550.60 35600.80 MZN Million [+]
GDP per capita 539.20 537.60 539.20 134.00 USD [+]
GDP per capita PPP 1180.37 1176.85 1180.37 361.09 USD [+]
GDP From Agriculture 38007.00 26671.00 43905.00 15144.00 MZN Million [+]
GDP From Construction 2163.00 3787.00 3787.00 957.00 MZN Million [+]
GDP From Manufacturing 14602.00 16401.00 16401.00 7674.00 MZN Million [+]
GDP From Mining 10174.00 13380.00 13380.00 844.00 MZN Million [+]
GDP From Public Administration 5362.00 10638.00 13413.00 2875.00 MZN Million [+]
GDP From Utilities 4229.00 4526.00 4553.00 1744.00 MZN Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.00 15.30 -2.50 2000 - 2019 percent Quarterly
2014=100




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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