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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 2021 was at about 12.259 USD per capita. GDP in Mozambique, on the other hand, reached USD 500 per capita, or 16.10 billion USD in the whole country. Mozambique is one of the smaller economies and is currently ranked 128. 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 174.

Inflation in Mozambique was in 2020 at around 3.14%. Within the EU, the average in the same year was 2.55%. 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

The consequences of the Covid pandemic were not insignificant in Mozambique 2020. Overall, gross domestic product in 2020 fell from 15.39 billion US Dollar auf 14.03 billion US Dollar. With a drop of 8.8 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 2021

 Mozambique
Total
Mozambique
per capita
EU
Total
EU
per capita
GDP16.10 bn USD500.44 USD17.09 tn USD33,228.68 USD
Gross national product15.44 bn USD479.97 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1980 - 2021



Im- and Exports 2020

 Mozambique
Total
Mozambique
per capita
EU
Total
EU
per capita
Imports8.36 bn USD260.05 USD8,916.24 bn USD17,337.55 USD
Exports4.37 bn USD135.86 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 2005 - 2020

Exports
Imports



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