Browse a full set of economic indicators

Mozambique

Includes Mozambique real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Mozambique economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Mozambique best banks and safest banks are also available.

Basic Information

Government Type: Presidential republic

Capital City: Maputo

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Bank of Mozambique

Currency Meticais (MZM)

International Reserves
USD 3.3 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 14.4 billion (2018, estimate)

GDP (Purchasing Power Parity) Intl$ 39.2 billion (2018, estimate)

GDP Data

Real GDP growth 2007: 7.4%
2008: 6.9%
2009: 6.4%
2010: 6.7%
2011: 7.1%
2012: 7.2%
2013: 7.1%
2014: 7.4%
2015: 6.6%
2016: 3.8%
2017*: 3.7%
2018*: 3.3%

(*Estimate)
GDP per capita – current prices USD 475.6 (2018, estimate)

GDP per capita – PPP Intl$ 1,291.5 (2018, estimate)

GDP (PPP) – share of world total 1980: 0.02%
1990: 0.01%
2000: 0.02%
2010: 0.02%
2019*: 0.03%

(*Estimate)
GDP – composition by sector agriculture: 21.4%
industry: 25.2%
services: 46.6%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015: 3.6%
2016: 19.9%
2017: 15.1%
2018*: 3.9%
2019: 5.6%

(*Estimate)

Mozambique

Inflation & Debt

Inflation 2015: 3.6%
2016: 19.9%
2017: 15.1%
2018*: 3.9%
2019: 5.6%

(*Estimate)
Government Bond Ratings Standard & Poor’s: SD

Moody’s : Caa2

Standard & Poor’s / Moody’s
Unemployment rate N/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015: 94.2%
2016: 129.9%
2017: 100.5%
2018: 99.8%
2019: 108.8%

(*Estimate)
Public deficit (General government net lending/borrowing as a % of GDP) 2015: -7.2%
2016: -6.0%
2017: -3.1%
2018: -5.2%
2019: -6.5%

(*Estimate)
Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 40.7% (2018)

Shares in world total merchandising export 0.03% (2018)

Shares in world total commercial services export 0.01% (2018)

Total exports USD 5.9 billion (2018 estimate)

Export commodities Aluminum, prawns, cashews, cotton, sugar, citrus, timber; bulk electricity

Total imports USD 10.3 billion (2018 estimate)

Import commodities Machinery and equipment, vehicles, fuel, chemicals, metal products, foodstuffs, textiles

Exports – major partners India 28.1%, Netherlands 24.4%, South Africa 16.7% (2017)

Imports – major partners South Africa 36.8%, China 7%, UAE 6.8%, India 6.2%, Portugal 4.4% (2017)

Competitiveness & Trade

Current account balance USD -4.4 billion (2018 estimate)

Current account balance by percentage of GDP -30.4 % (2018 estimate)

FDI inflows 2016: USD 3,093 million
2017: USD 2,293 million
2018: USD 2,711 million
FDI Outflows 2016: USD 35 million
2017: USD 26 million
2018: USD -19 million
Value of cross-border M&A, by country of purchaser N/A


United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

138 out of 190 countries

​Subcategories:
Starting a Business: 176 out of 190 countries
Dealing with Construction Permits: 61 out of 190 countries
Getting Electricity: 103 out of 190 countries
Registering Property: 136 out of 190 countries
Getting Credit: 165 out of 190 countries
Protecting Minority Investors: 147 out of 190 countries
Paying Taxes: 127 out of 190 countries
Trading across Borders: 94 out of 190 countries
Enforcing Contracts: 168 out of 190 countries
Resolving Insolvency: 86 out of 190 countries
Global competitiveness ranking
137 out of 141 countries

(2019)
Index of Economic Freedom Ranking: 163 / Score: 48.6 (Repressed)

(100=totally free 0=totally repressed)

Population & Geographic Data

Time Zone UTC+2

Total Area 799,380 sq km

Total Population 1990: 13.57 million
2000: 18.28 million
2010: 24.32 million
2015: 27.98 million*
2020: 31.99 million*

*Estimate
Urban population as % of total population 1960: 6.9%
1980: 13.2%
2000: 29.1%
2018: 36%
Population median age 17.3 years

Population growth rate 2.46% (2018 estimate)

Life expectancy 54.1 years (2018 estimate)

% of population living on less than $3.10 a day 81.5% (last available estimate, 2014)

Inequality of wealth distribution (Gini index) 54 (last available estimate, 2014)

Freedom House rating Partly Free
Political Rights: 4
Civil Liberties: 4 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 0.2% Mobile: 47.7% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 10 % (2017)

Language & Religon

Languages Emakhuwa 26.1%, Portuguese (official) 16.6%, Xichangana 8.6%, Cinyanja 8.1, Cisena 7.1%, Elomwe 7.1%, Echuwabo 4.7%, Cindau 3.8%, Xitswa 3.8%, other Mozambican languages 11.8%, other 0.5%, unspecified 1.8% (2017 est.)

Literacy Total population: 56%
Male: 70.8%
Female: 43.1%
Definition: age 15 and over can read and write (2015 est.)
Religions Roman Catholic 27.2%, Muslim 18.9%, Zionist Christian 15.6%, Evangelical/Pentecostal 15.3%, Anglican 1.7%, other 4.8%, none 13.9%, unspecified 2.5% (2017 est.)

World Rankings

Population 31.99 M
Mercer Cost of living index Maputo: 159th (2019)

C02 Emissions per capita 0.32 metric tons per capita (2014)

Global Finance Rankings & Awards: Mozambique

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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