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Indicators of economy in Mozambique

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Mozambique, on the other hand, reached USD 492 per capita, or 15.78 billion USD for the whole country. Mozambique is one of the smaller economies and is currently ranked 127. If this is calculated per inhabitant, taking purchasing power parity into account, then Mozambique ranks 185th in the list of the richest countries.

Inflation in Mozambique in 2021 was around 5.69%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 64.7 percent lower.
The index for perceived corruption in the public sector is 26, which is rather poor by global standards.


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 dollars to 14.03 billion US dollars. 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 percent previously to 3.1 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Mozambique
Total
Mozambique
per capita
EU
Total
EU
per capita
GDP15.78 bn USD491.84 USD17.177 tn USD33,384.92 USD
Gross national product15.35 bn USD478.54 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1980 - 2021



Imports and Exports 2021

 Mozambique
Total
Mozambique
per capita
EU
Total
EU
per capita
Imports8.36 bn USD260.74 USD8.916 tn USD17,329.02 USD
Exports4.37 bn USD136.23 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2005 - 2021

Exports
Imports



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