Skip to content
ChartBasis
Choose a language: English

Mozambique

Headline economic indicators for Mozambique, with the most recent official readings.

Prices

Prices — Mozambique
Indicator Value Change
Inflation rate · 4.4% +0.29 (+7.1%)
Consumer price index · 257.7 +10.79 (+4.4%)
GDP deflator inflation · -1.0% -7.49 (-115.8%)

GDP

GDP — Mozambique
Indicator Value Change
GDP growth rate · -0.5% -2.67 (-124.4%)
GDP per capita · 626.91 -30.06 (-4.6%)
GDP per capita, long-run history · 1,088 +14.27 (+1.3%)
GDP · 22,337,997,046.19 -414,247,199 (-1.8%)
GDP, PPP · 60,500,447,854 +1,338,877,437 (+2.3%)
GDP per capita, PPP · 1,698 -10.36 (-0.6%)
GDP per capita growth · -3.3% -2.52 (-319.3%)
GNI per capita · 570 +20.00 (+3.6%)
Agriculture to GDP · 25.6% +0.40 (+1.6%)
Industry to GDP · 22.1% +0.16 (+0.7%)
Manufacturing to GDP · 6.2% -0.25 (-3.9%)
Services to GDP · 42.0% +0.94 (+2.3%)
Household consumption to GDP · 70.9% -2.98 (-4.0%)
Gross capital formation to GDP · 24.2% +6.54 (+37.0%)
Gross savings to GDP · 5.1% +3.39 (+199.0%)

Labour

Labour — Mozambique
Indicator Value Change
Unemployment rate · 6.6% -0.04 (-0.6%)
Labour force participation rate · 78.7% -0.07 (-0.1%)
Female labour force participation rate · 77.1% -0.12 (-0.2%)
Youth unemployment rate · 11.6% +0.11 (+1.0%)
Employment to population ratio · 73.5% -0.04 (-0.0%)
Employment in agriculture · 73.0% -0.07 (-0.1%)
Employment in industry · 6.4% +0.01 (+0.2%)
Employment in services · 20.6% +0.06 (+0.3%)

Money

Money — Mozambique
Indicator Value Change
Real interest rate · 18.7% +4.41 (+30.8%)
Broad money to GDP · 59.4% +5.91 (+11.0%)
Private sector credit to GDP · 18.3% +0.65 (+3.7%)
Lending rate · 17.5% -4.19 (-19.3%)
Bank deposit rate · 5.8% -2.47 (-30.0%)
Bank nonperforming loans · 7.5% -1.74 (-18.9%)
Official exchange rate · 63.91 +0.02 (+0.0%)

Trade

Trade — Mozambique
Indicator Value Change
Current account to GDP · -14.2% -3.28 (-29.9%)
Exports to GDP · 41.4% -1.44 (-3.4%)
Imports to GDP · 55.7% +2.91 (+5.5%)
Trade to GDP · 97.1% +1.47 (+1.5%)
Exports of goods and services · 9,243,792,672.46 -499,241,544 (-5.1%)
Imports of goods and services · 12,447,253,484.1 +432,226,051 (+3.6%)
Trade balance, goods and services (annual) · -2,024,002,138.26 -894,547,470 (-79.2%)
Current account balance (annual) · -3,180,714,502.18 -687,584,363 (-27.6%)
Foreign direct investment to GDP · 25.8% +10.36 (+67.2%)
Remittances received to GDP · 1.2% +0.01 (+1.3%)
Total reserves, including gold · 3,842,807,100.83 +205,806,549 (+5.7%)
Reserves in months of imports · 3.4 +0.17 (+5.3%)
External debt to GNI · 350.6% -4.80 (-1.3%)

Government

Government — Mozambique
Indicator Value Change
Government debt to GDP · 71.8% -0.87 (-1.2%)
Government revenue to GDP · 24.5% -0.22 (-0.9%)
Government expense to GDP · 26.0% +2.70 (+11.6%)
Tax revenue to GDP · 21.8% -0.51 (-2.3%)
Government budget balance to GDP · -4.3% -2.41 (-127.8%)
Government consumption to GDP · 19.2% +0.80 (+4.4%)
Education spending to GDP · 6.0% -0.36 (-5.7%)
Health spending to GDP · 8.5% +0.25 (+3.1%)

Demography

Demography — Mozambique
Indicator Value Change
Population · 35,631,653 +999,887 (+2.9%)
Population, long-run history · 28,903 +782.37 (+2.8%)
Population growth · 2.8% -0.07 (-2.5%)
Life expectancy · 63.8 +0.19 (+0.3%)
Fertility rate · 4.69 -0.07 (-1.5%)
Birth rate · 37.0 -0.46 (-1.2%)
Death rate · 6.9 -0.09 (-1.3%)
Urban population share · 37.2% +0.77 (+2.1%)
Population aged 65 and over · 2.7% -0.02 (-0.7%)
Under-five mortality rate · 59.4 -2.30 (-3.7%)
Population density · 44.0 +1.27 (+3.0%)
Net migration · -65,573 -26,633 (-68.4%)
Gini index · 49.6 -1.10 (-2.2%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Mozambique; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.