Mozambique: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Mozambique had one of the highest economic growth rates in Africa during the last decade. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): South Africa, India, and China |
| Top Industries Source: CIA World Factbook | Aluminum; Petroleum Products; Chemicals (Fertilizer, Soap, Paints); Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $48,391,661,733 (2022) |
| GDP Growth Rate (annual %) | 4.148% (2022) |
| GDP Per Capita, PPP (current international) | $1,468 (2022) |
GDP Country Rank 120/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 10.279% (2022) |
| External debt stocks, total (DOD, current US$) | $62,819,106,443 (2021) |
| Total tax rate (% of commercial profits) | 36.1% (2019) |
| Real Interest Rate (5 year average %) | 13.371% (2022) |
| Manufacturing, value added (% of GDP) | 7.807% (2021) |
| Current Account Balance (BoP, current US$) | ($6,295,472,132) (2022) |
Labor and Employment [1]
| Labor Force, Total | 14,614,366 (2022) |
| Employment in Agriculture (% of total employment) | 70.291% (2021) |
| Employment in Industry (% of total employment) | 9.25% (2021) |
| Employment in Services (% of total employment) | 20.459% (2021) |
| Unemployment Rate | 3.906% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $10,859,636,829 (2021) |
| Exports of goods and services (current US$) | $4,951,390,234 (2021) |
| Total Merchandise Trade (% of GDP) | 96.199% (2022) |
| FDI, net inflows (BoP, current US$) | $2,539,017,296 (2022) |
| Commercial Service Exports (current US$) | $1,128,311,173 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Mozambique’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.