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Mozambique GDP Annual Growth Rate
Last Release
Dec 31, 2024
Actual
-4.9
Units In
%
Previous
3.7
Frequency
Quarterly
Next Release
Aug 22, 2025
Time to Release
1 Months 9 Days 8 Hours
Highest | Lowest | Average | Date Range | Source |
15.3 Mar 2004 | -4.9 Dec 2024 | 5.12 % | 2000-2024 | N/A |
The most important sector of Mozambican economy is services and accounts for 49 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles (12 percent); education (8 percent) and transport (7 percent). Industry constitutes 27 percent with mining and quarrying representing 11 percent as the country has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite and gemstones) with aluminum being the most important exported product. Manufacturing accounts for 10 percent and construction for 3 percent. Agriculture, hunting, forestry and fishing creates 24 percent of the wealth with prawns, cotton, cashew nuts, sugar, citrus, copra, coconuts, and timber being the most important crops. On the expenditure side, household consumption is the main component of GDP and accounts for 67 percent of its total use, followed by government expenditure (26 percent) and gross fixed capital formation (25 percent). Exports of goods and services account for 41 percent of GDP while imports account for 73 percent, subtracting 32 percent of total GDP.
Latest Updates
The Mozambican economy shrank by 3.9% in Q1 2025, after a revised 5.7% plunge in the previous period, pushing the country into technical recession. The downturn occurred during a period of continued post-election social unrest and was primarily driven by a 16.2% drop in the secondary sector, notably in utilities (-22.5%), manufacturing (-14.8%), and construction (-10.8%). The tertiary sector also saw a sharp decline of 8.3%, with hotels and restaurants down 21.6%. Transport, storage, and communications fell 21.3%, and trade and repair services dropped 18.1%. On the upside, the primary sector saw a positive 2.1% rise, supported primarily by gains of 6.5% in mining and 1.3% in fishing.
Mozambique GDP Annual Growth Rate History
Last 12 readings