Mozambique: economy

What is Mozambique's GDP growth rate?

Mozambique's real GDP grew by 1.7% in the second quarter of 2026 compared with a year earlier, after 0.1% growth in the first quarter, according to Banco de Moçambique's monetary policy communiqué of 30 September 2026. Agriculture and the extractive industries made the largest contributions.

The quarterly figures are compiled by the National Statistics Institute and reported by the central bank in its release on second-quarter growth. The National Statistics Institute (INE), which compiles these figures, had a website that could not be reached on 15 October 2026. The IMF World Economic Outlook estimates that the economy shrank by 0.2% in 2025 and projects growth of 1.0% in 2026.

Official sources: Banco de Moçambique: Monetary policy communiqué No. 5/2026 (PDF) · Banco de Moçambique: Economic activity expands by 1.7% in Q2 2026 · IMF DataMapper: Real GDP growth, Mozambique

What is the inflation rate in Mozambique?

Annual inflation in Mozambique slowed to 6.31% in September 2026, according to Banco de Moçambique, reporting the consumer price index. Food and non-alcoholic beverages, and clothing and footwear, contributed most to the slowdown. Inflation was 6.5% in August and 7.5% in July.

The central bank's September 2026 communiqué says it expects inflation to rise in the near term, partly because of imported price pressures and seasonal fruit and vegetable prices, before falling to single digits over the medium term. The National Statistics Institute (INE), which compiles these figures, had a website that could not be reached on 15 October 2026.

Official sources: Banco de Moçambique: Annual inflation slows to 6.31% in September · Banco de Moçambique: Monetary policy communiqué No. 5/2026 (PDF)

What is the interest rate in Mozambique?

Banco de Moçambique's monetary policy rate, the MIMO rate, is 9.25%. The Monetary Policy Committee kept it unchanged on 30 September 2026, according to its announcement.

At the same meeting the committee changed the reserve requirement regime for 18 months, allowing banks to deduct new lending to firms that support import substitution or exports from their reserve requirements. The next meeting is scheduled for 25 November 2026, according to the communiqué.

Official sources: Banco de Moçambique: MIMO policy rate unchanged at 9.25% · Banco de Moçambique: Monetary policy communiqué No. 5/2026 (PDF)

What is Mozambique's GDP per capita?

Mozambique's GDP per capita was about USD 627 in 2025 at current prices, down from about USD 657 in 2024, according to the World Bank.

The figure divides GDP, converted to dollars at market exchange rates, by a population of about 35.6 million. It moves with the exchange rate and with population growth as well as with output. The World Bank's annual growth series shows real GDP falling by 0.5% in 2025.

Official sources: World Bank: GDP per capita, Mozambique · World Bank: GDP growth, Mozambique

How fast is Mozambique's economy growing?

The latest figure from the World Bank, for 2025, is -0.5%. Since 2005 it has ranged from -1.2% (2020) to 9.9% (2006). Sub-Saharan Africa median: 4.6%; Mozambique is 44th highest of 46. Of 180 countries with 2025 data, 171st highest.

What is Mozambique's GDP per person?

The World Bank puts GDP per person in Mozambique at $627 in 2025. The peak was $697 in 2014 and the low $437 in 2005. Sub-Saharan Africa median: $1,351; Mozambique is 43rd highest of 46. Of 180 countries with 2025 data, 177th highest.

What is Mozambique's GDP per capita at PPP?

The latest figure from the World Bank, for 2025, is $1,698 in international dollars. Since 2005 it has ranged from $721 in international dollars (2005) to $1,708 in international dollars (2024). It is 43rd highest of 46 in Sub-Saharan Africa, where the median is $4,425 in international dollars. Of 179 countries with 2025 data, 176th highest.

What share of Mozambique's economy is exports?

In 2025, exports of goods and services in Mozambique was 41.4% of GDP, according to the World Bank. Its high point since 2005 was 2022, at 49.8% of GDP; its low point was 2008, at 27.3% of GDP. It is 11th highest of 38 in Sub-Saharan Africa, where the median is 26.1% of GDP. Worldwide: 54th of 133.

Does Mozambique have a current account surplus or deficit?

-14.2% of GDP: that is the current account balance in Mozambique for 2025, according to the IMF (a deficit). Since 2005 it has ranged from -40.7% of GDP (2012) to -7.3% of GDP (2007). Sub-Saharan Africa median: -3.6% of GDP; Mozambique is 20th highest of 20. Worldwide: 124th of 132.

How much foreign direct investment goes into Mozambique?

In 2025, net inflows of foreign direct investment in Mozambique was 25.8% of GDP, according to the IMF. Since 2005 it has ranged from 1.4% of GDP (2005) to 38.9% of GDP (2013). Sub-Saharan Africa median: 2.0% of GDP; Mozambique is 2nd highest of 46. Worldwide: 7th of 179.

What are bank lending rates in Mozambique?

17.5%: that is the average bank lending rate in Mozambique for 2025, according to the IMF. Since 2005 it has ranged from 14.8% (2014) to 27.9% (2017). Sub-Saharan Africa median: 17.6%; Mozambique is 9th highest of 16. Of 73 countries with 2025 data, 13th highest.