Markets Actual Q3 Q4 Q1 Q2 2022
Currency 63.00 63.5 64.01 64.52 65.04 66.09

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 0.12 1.3 1.6 2.5 3.5 4.2
Unemployment Rate (%) 3.39 27.5 27.5 25 23.6 25
Inflation Rate (%) 5.52 5.4 5.2 4.8 4.5 4.5
Inflation Rate Mom (%) -0.50 0.2 0.5 0.5 0.5 0.7
Interest Rate (%) 13.25 14.25 14.25 14.25 14.75 14.75
Balance of Trade (USD Million) -508.40 -150 -363 -363 -363 -200
Current Account (USD Million) -852.00 -1050 -2600 -2600 -2600 -2800
Current Account to GDP (% of GDP) -30.80 -45 -45 -53 -53 -53
Government Debt to GDP (% of GDP) 113.70 116 116 118 118 118
Government Budget (% of GDP) -11.70 -7.5 -7.5 -7.5 -5.4 -5.4
Business Confidence (points) 86.30 87 90 83 83 92
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 0.12 1.3 1.6 2.5 3.5 4.2
GDP (USD Billion) 14.02 14.3 14.3 14.3 14.3 17
GDP Constant Prices (MZN Million) 171433.00 175841 136152 163451 175719 170316
Gross Fixed Capital Formation (MZN Million) 304191.00 306625 149379 309058 311796 322038
GDP per capita (USD) 564.64 555 555 555 555 575
GDP per capita PPP (USD) 1229.08 1240 1240 1240 1240 1285
GDP From Agriculture (MZN Million) 40315.00 45761 19241 30515 41323 31796
GDP From Construction (MZN Million) 2468.00 2865 2914 3161 2530 3294
GDP From Manufacturing (MZN Million) 14366.00 13553 12163 15016 14725 15647
GDP From Mining (MZN Million) 8010.00 9255 8231 10758 8210 11210
GDP From Public Administration (MZN Million) 5967.00 12738 9513 10428 6116 10866
GDP From Utilities (MZN Million) 4342.00 4501 3625 4538 4579 4729

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 3.39 27.5 27.5 25 23.6 25
Population (Million) 30.83 31.9 32.05 32.05 32.05 32.9
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5050

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 5.52 5.4 5.2 4.8 4.5 4.5
Inflation Rate Mom (%) -0.50 0.2 0.5 0.5 0.5 0.7
Consumer Price Index CPI (points) 132.96 133 136 141 139 143
Producer Prices (points) 232.90 256 265 265 265 266
Producer Prices Change (%) -5.30 3 4 4 4 5
Food Inflation (%) 10.50 10 8 7 6 7.2
CPI Transportation (points) 132.05 138 138 138 138 144

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 13.25 14.25 14.25 14.25 14.75 14.75
Lending Rate (%) 18.90 19.9 19.9 19.9 20.4 20.4

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -508.40 -150 -363 -363 -363 -200
Current Account (USD Million) -852.00 -1050 -2600 -2600 -2600 -2800
Current Account to GDP (% of GDP) -30.80 -45 -45 -53 -53 -53
Imports (USD Million) 1431.30 1600 1630 1630 1630 1750
Exports (USD Million) 922.90 1100 1430 1430 1430 1450

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 113.70 116 116 118 118 118
Government Budget (% of GDP) -11.70 -7.5 -7.5 -7.5 -5.4 -5.4
Military Expenditure (USD Million) 166.00 130 132 132 132 132
Government Spending (MZN Million) 196170.56 197740 134087 199309 201075 207680

Taxes Actual Q3 Q4 Q1 Q2 2022
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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 86.30 87 90 83 83 92
Industrial Production (%) -4.00 7 4 4 4 6.4
Industrial Production Mom (%) -11.60 3 -1.5 -1.5 -1.5 2.6
Leading Economic Index (%) 1.90 8 4 4 4 5
Mining Production (%) -11.90 14 10 10 10 8
Composite PMI (points) 52.90 48.5 49.7 50.1 50.1 51

Consumer Actual Q3 Q4 Q1 Q2 2022
Retail Sales Mom (%) 1.40 3 3.5 3.5 3.5 2
Retail Sales Yoy (%) -4.80 -2 5 5 5 2.5
Consumer Spending (MZN Million) 463386.66 467094 394080 470801 474971 490574


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.