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%). source: Instituto Nacional De Estatistica, Mozambique
GDP Annual Growth Rate in Mozambique averaged 5.31 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 August of 2022.
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. In the long-term, the Mozambique GDP Annual Growth Rate is projected to trend around 6.00 percent in 2023 and 5.70 percent in 2024, according to our econometric models.