Markets Actual Q4 Q1 Q2 Q3 2022
Currency 63.20 63.71 64.22 64.73 65.25 66.3

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 1.97 2.6 1.8 3.5 4 4.2
Unemployment Rate (%) 25.04 28.4 27.7 27.7 27.7 27.7
Inflation Rate (%) 6.04 6 5.7 5.4 4.4 4.5
Inflation Rate Mom (%) 0.73 0.5 0.7 0.7 1 1
Interest Rate (%) 13.25 13.25 14.25 14.75 14.75 14.75
Balance of Trade (USD Million) -508.40 -363 -363 -363 -363 -200
Current Account (USD Million) -852.00 -2600 -2600 -2600 -2600 -2800
Current Account to GDP (% of GDP) -30.80 -45 -53 -53 -53 -53
Government Debt to GDP (% of GDP) 122.00 125 127 127 127 127
Government Budget (% of GDP) -11.70 -7.5 -5.6 -5.6 -5.6 -5.6
Business Confidence (points) 86.30 90 83 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 Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 1.97 2.6 1.8 3.5 4 4.2
GDP (USD Billion) 14.02 14.3 14.3 14.3 14.3 17
GDP Constant Prices (MZN Million) 171433.00 136152 165060 174519 177433 171992
Gross Fixed Capital Formation (MZN Million) 304191.00 149379 312100 309666 314838 325208
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 19241 30815 41041 41726 32109
GDP From Construction (MZN Million) 2468.00 2914 3192 2512 2554 3326
GDP From Manufacturing (MZN Million) 14366.00 12163 15164 14625 14869 15801
GDP From Mining (MZN Million) 8010.00 8231 10864 8154 8290 11321
GDP From Public Administration (MZN Million) 5967.00 9513 10531 6074 6176 10973
GDP From Utilities (MZN Million) 4342.00 3625 4583 4420 4494 4776

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 25.04 28.4 27.7 27.7 27.7 27.7
Population (Million) 30.83 32.05 32.05 32.05 32.05 32.9
Minimum Wages (MZN/Month) 4390.00 5050 5050 5050 5050 5050

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 6.04 6 5.7 5.4 4.4 4.5
Inflation Rate Mom (%) 0.73 0.5 0.7 0.7 1 1
Consumer Price Index CPI (points) 133.86 137 142 140 140 144
Producer Prices (points) 232.90 256 252 250 248 274
Producer Prices Change (%) -5.30 10 8 7.5 6.5 7
Food Inflation (%) 11.76 9.8 8.3 8.3 8 7
CPI Transportation (points) 131.91 133 134 134 136 137

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 13.25 13.25 14.25 14.75 14.75 14.75
Lending Rate (%) 18.90 18.9 19.9 20.4 20.4 20.4

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

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 122.00 125 127 127 127 127
Government Budget (% of GDP) -11.70 -7.5 -5.6 -5.6 -5.6 -5.6
Military Expenditure (USD Million) 166.00 132 132 132 132 132
Government Spending (MZN Million) 196170.56 134087 201271 199702 203037 209724

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 86.30 90 83 83 83 92
Industrial Production (%) -4.00 4 4 4 4 6.4
Industrial Production Mom (%) -11.60 -1.5 -1.5 -1.5 -1.5 2.6
Leading Economic Index (%) 1.90 4 4 4 4 5
Mining Production (%) -11.90 10 10 10 10 8
Composite PMI (points) 47.90 49.7 50.1 49.8 51 51

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales Mom (%) 1.40 3.5 3.5 3.5 3.5 2
Retail Sales Yoy (%) -4.80 5 5 5 5 2.5
Consumer Spending (MZN Million) 463386.66 394080 475435 471728 479605 495403


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.