Markets Actual Q1 Q2 Q3 Q4 2023
Currency 63.20 63.71 64.22 64.73 65.25 66.3

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 3.36 1.8 2.6 4.6 5 8
Unemployment Rate (%) 25.04 27.7 27.7 27.7 27.7 26
Inflation Rate (%) 5.69 5.5 4.8 4.5 4.5 4
Inflation Rate Mom (%) 1.49 0.7 0.7 1 1 1
Interest Rate (%) 13.25 14.25 14.75 14.75 14.75 15.5
Balance of Trade (USD Million) -814.50 -363 -200 -200 -200 -300
Current Account (USD Million) -1307.20 -2600 -2600 -2600 -2800 -2800
Current Account to GDP (% of GDP) -30.80 -53 -53 -53 -53 -28
Government Debt to GDP (% of GDP) 122.00 127 127 127 127 120
Government Budget (% of GDP) -11.70 -13.5 -13.5 -13.5 -13.5 -10
Business Confidence (points) 85.70 83 83 83 92 92
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 2023
GDP Annual Growth Rate (%) 3.36 1.8 2.6 4.6 5 8
GDP (USD Billion) 14.02 14.3 14.3 14.3 17 17
GDP Constant Prices (MZN Million) 166285.00 174519 182496 173934 174599 188567
Gross Fixed Capital Formation (MZN Million) 372574.00 379280 382261 389712 391203 422499
GDP per capita (USD) 574.19 595 595 595 595 605
GDP per capita PPP (USD) 1229.08 1240 1240 1240 1285 1285
GDP From Agriculture (MZN Million) 38343.00 41041 47333 40107 40260 43481
GDP From Construction (MZN Million) 2891.00 2512 2986 3024 3036 3278
GDP From Manufacturing (MZN Million) 9047.00 14625 13954 9463 9499 10259
GDP From Mining (MZN Million) 11338.00 8154 9501 11860 11905 12857
GDP From Public Administration (MZN Million) 12591.00 6074 13230 13170 13221 14278
GDP From Utilities (MZN Million) 4892.00 4420 4148 5117 5137 5548

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 25.04 27.7 27.7 27.7 27.7 26
Population (Million) 30.83 32.05 32.05 32.05 32.9 32.9
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5050

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 5.69 5.5 4.8 4.5 4.5 4
Inflation Rate Mom (%) 1.49 0.7 0.7 1 1 1
Consumer Price Index CPI (points) 138.42 141 139 140 145 150
Producer Prices (points) 232.90 256 252 250 248 274
Producer Prices Change (%) -5.30 8 7.5 6.5 7 7
Food Inflation (%) 9.80 9 8.5 8 7 7
CPI Transportation (points) 137.79 139 140 141 143 144

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 13.25 14.25 14.75 14.75 14.75 15.5
Deposit Interest Rate (%) 7.24 8.24 8.74 8.74 8.74 8.74
Lending Rate (%) 18.60 19.6 20.1 20.1 20.1 20.1

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) -814.50 -363 -200 -200 -200 -300
Current Account (USD Million) -1307.20 -2600 -2600 -2600 -2800 -2800
Current Account to GDP (% of GDP) -30.80 -53 -53 -53 -53 -28
Imports (USD Million) 1936.90 1630 1630 1630 1750 1750
Exports (USD Million) 1122.40 1430 1430 1430 1450 1450

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 122.00 127 127 127 127 120
Government Budget (% of GDP) -11.70 -13.5 -13.5 -13.5 -13.5 -10
Military Expenditure (USD Million) 166.00 132 132 132 132 132
Government Spending (MZN Million) 155515.00 158314 159558 162669 163291 176354

Taxes Actual Q1 Q2 Q3 Q4 2023
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 2023
Business Confidence (points) 85.70 83 83 83 92 92
Industrial Production (%) -4.00 4 4 4 6.4 6.4
Industrial Production Mom (%) -11.60 -1.5 -1.5 -1.5 2.6 2.6
Leading Economic Index (%) -3.70 4 4 4 5 5
Mining Production (%) -11.90 10 10 10 8 8
Composite PMI (points) 50.60 50.1 49.8 51 51 52

Consumer Actual Q1 Q2 Q3 Q4 2023
Retail Sales Mom (%) 0.30 3.5 3.5 3.5 2 2
Retail Sales Yoy (%) 1.50 5 5 5 2.5 2.5
Consumer Spending (MZN Million) 446873.00 454917 458492 467429 469217 506754


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Mozambique Forecast - was last updated on Tuesday, January 18, 2022.