The gross domestic product of Mozambique advanced by 4.24% year-on-year in the fourth quarter of 2022, up from a 3.60% rise in the previous three-month period. The expansion reflects the recovery of the sectors most hindered by COVID-19, following the easing of restrictive measures at home and abroad, notably hotels and catering (17.16% vs 13.32% in Q3), the mining industry (14.86% vs 8.81%), and transport and communications (14.43% vs 7.14%). Other positive contributions came from agriculture (5.33% vs 4.18%); internal trade (4.76% vs 0.96%); real estate and business services (2.98% vs 2.14%) and financial services (2.86% vs 3.54%). Conversely, output declined in manufacturing (-5.19% vs -2.63%), construction (-0.87% vs -2.23%), fisheries (-1.19% vs 3.61%) and health & social assistance (-2.18% vs 3.04%). Considering the whole year of 2022, the Mozambican economy rose by 4.15% over a year ago, the strongest growth rate since 2015. source: Instituto Nacional De Estatistica, Mozambique

GDP Annual Growth Rate in Mozambique averaged 5.27 percent from 2000 until 2022, reaching an all time high of 15.30 percent in the first quarter of 2004 and a record low of -3.52 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Annual Growth Rate in Mozambique is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Mozambique GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-01 12:00 PM Q3 3.6% 4.59% 4.7%
2023-02-20 10:30 AM Q4 4.24% 3.6% 3.5%
2023-05-26 03:00 PM Q1 4.24% 3.4%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 -0.20 percent Dec 2018
GDP Annual Growth Rate 4.24 3.60 percent Dec 2022
GDP Constant Prices 173702.00 172507.00 MZN Million Dec 2022
Gross Fixed Capital Formation 286193.00 372574.00 MZN Million Dec 2021
Full Year GDP Growth 4.15 2.33 percent Dec 2022
GDP from Manufacturing 14473.00 8903.00 MZN Million Dec 2022
GDP from Construction 3234.00 2856.00 MZN Million Dec 2022
GDP from Agriculture 33127.00 40178.00 MZN Million Dec 2022
GDP from Utilities 4661.00 4933.00 MZN Million Dec 2022
GDP from Transport 20609.00 19882.00 MZN Million Dec 2022
GDP from Services 18473.00 11653.00 MZN Million Dec 2022
GDP from Public Administration 10325.00 12300.00 MZN Million Dec 2022
GDP from Mining 13412.00 12732.00 MZN Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.24 3.60 15.30 -3.52 2000 - 2022 percent Quarterly
2014=100

News Stream
Mozambique Economy Gains Steam in Q4
The gross domestic product of Mozambique advanced by 4.24% year-on-year in the fourth quarter of 2022, up from a 3.60% rise in the previous three-month period. The expansion reflects the recovery of the sectors most hindered by COVID-19, following the easing of restrictive measures at home and abroad, notably hotels and catering (17.16% vs 13.32% in Q3), the mining industry (14.86% vs 8.81%), and transport and communications (14.43% vs 7.14%). Other positive contributions came from agriculture (5.33% vs 4.18%); internal trade (4.76% vs 0.96%); real estate and business services (2.98% vs 2.14%) and financial services (2.86% vs 3.54%). Conversely, output declined in manufacturing (-5.19% vs -2.63%), construction (-0.87% vs -2.23%), fisheries (-1.19% vs 3.61%) and health & social assistance (-2.18% vs 3.04%). Considering the whole year of 2022, the Mozambican economy rose by 4.15% over a year ago, the strongest growth rate since 2015.
2023-02-20
Mozambique GDP Growth Slows to 1-Year Low
The economy of Mozambique grew by 3.6% year-on-year in the third quarter of 2022, decelerating from a 4.59% rise in the previous three-month period. It marks the slowest pace of growth since the third quarter of 2021, mainly reflecting weak performance in the secondary sector. The Mozambican government targeted GDP growth of 2.9% for 2022, as foreseen in the Economic and Social Plan and State Budget approved by parliament.
2022-12-01
Mozambique GDP Growth at Near 4-Year High
The Mozambican economy advanced by 4.14% year-on-year in the first quarter of 2022, following an upwardly revised 3.57% rise in the previous three-month period. It was the fifth consecutive quarter of expansion and at the fastest pace since the second quarter of 2018, helped by the easing of pandemic restrictions. Growth was seen across all economic activities, notably hotels & restaurants (11.45% vs 2.67% in Q4), mining (8.56% vs 10.69%) and transport, storage & communications (7.34% vs 5.59%). Other significant positive contributions came from agriculture (4.03% vs 4.21%), manufacturing (3.80% vs 3.08%), construction (3.64% vs 4.68%) and internal trade (3.25% vs 3.26%).
2022-05-30