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.