Mozambique is becoming less dependent on imports for basic food and manufactured goods due to steady increases in local production. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The Gross Domestic Product (GDP) in Mozambique expanded 2 percent in the fourth quarter of 2018 over the previous quarter. The country’s exports, particularly of coal and aluminum, will reel amid flagging demand while investment projects could be delayed or suspended due to elevated uncertainty. Current USD This reduction resulted mostly from a decline in public and foreign direct investment. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. Mailing List - See more. Manufacturing accounts for 10 percent and construction for 3 percent. Population Pyramids: Mozambique - 2018. Mozambique Economic Growth This year, the economy is set to shrink for the first time in almost three decades as the pandemic takes its toll. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Mozambique a.almeidasantos@afdb.org 2018 African Economic Outlook • Real GDP growth in 2017 is estimated at 3.3%, down from 3.8% in 2016, mainly due to continued fiscal strain, monetary tightening, an investment slowdown, and the challenging debt situation. The statistic shows gross domestic product (GDP) in Mozambique from 1984 to 2019, with projections up until 2021. GDP - real growth rate: 3% (2017 est.) GDP growth (annual %) - Mozambique from The World Bank: Data In 2018, agriculture contributed around 24.52 percent to the GDP of Mozambique, 24.33 percent came from the industry and 40.75 percent from the services sector. Economic activity slowed in 2016–18, to an average of 3.7%, compared with 6.7% for 2015. Resident Representative for Republic of Mozambique Office Information. Statistics. Reference In 2018, agriculture contributed around 24.52 percent to the GDP of Mozambique, 24.33 percent came from the industry and 40.75 percent from the services sector. About two-thirds of its population of more than 29 million (2018) live and work in rural areas. Read more It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. The absolute value of GDP in Mozambique rose €1,049 $1,810 million with respect to 2017. 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). The absolute value of GDP in Mozambique rose €1,049 $1,810 million with respect to 2017. Be the First to Comment! This rate is 3 -tenths of one percent less than the figure of 3.7% published in 2017. Macroeconomic performance and outlook Mozambique faced an economic slowdown in 2019, mainly due to the negative impact of cyclones Idai and Kenneth, with GDP estimated to grow by 1.9%. Read more Gross Domestic Product of Mozambique grew 3.4% in 2018 compared to last year. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. The gross domestic product (GDP) measures of national income and output for a given country's economy. Its long Indian Ocean coastline of 2,500 kilometers faces east to Madagascar. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. GDP Growth Rate QoQ The GDP figure in 2018 was €12,190 $14,396 million, Mozambique is number 128 in the ranking of GDP of the 196 countries that we publish. TEForecast GDP Growth Rate QoQ PopulationPyramid.net Population Pyramids of the World from 1950 to 2100. Exports of goods and services account for 41 percent of GDP while imports account for 73 percent, subtracting 32 percent of total GDP. 1980-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. GDP Growth Rate in Mozambique averaged 1.48 percent from 2007 until 2018, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3 percent in the second quarter of 2013.

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