Indicators of economy in Mozambique
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Mozambique reached 449 US dollars per inhabitant, or 14.02 bn US Dollar in the whole country. Mozambique is one of the smaller economies and is currently ranked 129. If this is calculated per inhabitant taking into account the purchasing power parity, then Mozambique is in the list of the world's richest countries in place 185.Inflation in Mozambique was in 2020 at around 3.14%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 65.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Mozambique
Impact of the Covid-19 pandemic in 2020
The consequences of the Covid pandemic were not insignificant in Mozambique 2020. Overall, gross domestic product in 2020 fell from 15.38 billion US Dollar auf 14.02 billion US Dollar. With a drop of 8.9 percent, the economy in Mozambique suffered more significant losses than other countries.. The tourism sector alone slumped by around 65 percent. The unemployment rate rose from 3.5 to 3.8 percent. The consumer inflation rate has risen from 2.8% previously to 3.1% now.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Mozambique Total | Mozambique per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 14.02 bn USD | 448.54 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 14.41 bn USD | 461.09 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of the Gross domestic product in billion US Dollar 1980 - 2020
› Debt budget development
› Development of inflation
› Corruption in Mozambique
› Cost of living in a global comparison
› Development of inflation
› Corruption in Mozambique
› Cost of living in a global comparison
Im- and Exports 2020
Mozambique Total | Mozambique per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 8.36 bn USD | 267.60 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 4.37 bn USD | 139.81 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 2005 - 2020
Exports
Imports