[ Nominal GDP in billions of USD ]
Year -
$22.75 billions
Mozambique GDP expanded from 1991 to 2024, increasing from $3.85 billion to $22.75 billion.The compound annual growth rate (CAGR) averaged 5.53% over the period. The economy recorded its peak level in 2024 and its lowest level in 1992. Growth volatility remained high. The maximum drawdown reached 32.87%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 22.75 Billions | $ 59.06 Int Billions |
| Growth (YoY) | 8.72% | 4.619% |
| Net Change vs Previous Year | $ 1.82 Billion | $ 2.61 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | 3.88 | - | - |
| 1991 | 3.85 | - | - | 4.2 | 0.33 | 8.474 % |
| 1992 | 2.8 | -1.06 | -27.398 % | 3.97 | -0.23 | -5.47 % |
| 1993 | 2.88 | 0.08 | 3.018 % | 4.51 | 0.54 | 13.57 % |
| 1994 | 2.96 | 0.07 | 2.599 % | 4.91 | 0.39 | 8.713 % |
| 1995 | 3.06 | 0.1 | 3.5 % | 5.12 | 0.21 | 4.264 % |
| 1996 | 4.03 | 0.97 | 31.633 % | 5.77 | 0.65 | 12.722 % |
| 1997 | 4.87 | 0.84 | 20.93 % | 6.56 | 0.79 | 13.743 % |
| 1998 | 5.55 | 0.68 | 13.9 % | 7.32 | 0.76 | 11.61 % |
| 1999 | 6.29 | 0.73 | 13.224 % | 8.3 | 0.98 | 13.399 % |
| 2000 | 5.93 | -0.35 | -5.641 % | 8.56 | 0.25 | 3.049 % |
| 2001 | 5.65 | -0.28 | -4.73 % | 9.87 | 1.32 | 15.393 % |
| 2002 | 5.95 | 0.3 | 5.32 % | 11 | 1.12 | 11.373 % |
| 2003 | 6.58 | 0.63 | 10.633 % | 12.02 | 1.03 | 9.335 % |
| 2004 | 7.94 | 1.35 | 20.562 % | 13.36 | 1.34 | 11.114 % |
| 2005 | 8.87 | 0.93 | 11.733 % | 14.65 | 1.29 | 9.645 % |
| 2006 | 9.51 | 0.64 | 7.232 % | 16.6 | 1.95 | 13.3 % |
| 2007 | 10.81 | 1.3 | 13.687 % | 18.35 | 1.75 | 10.566 % |
| 2008 | 12.92 | 2.11 | 19.506 % | 19.99 | 1.64 | 8.937 % |
| 2009 | 12.26 | -0.66 | -5.081 % | 21.31 | 1.32 | 6.582 % |
| 2010 | 11.41 | -0.85 | -6.947 % | 23 | 1.7 | 7.976 % |
| 2011 | 14.62 | 3.21 | 28.106 % | 25.15 | 2.15 | 9.344 % |
| 2012 | 16.69 | 2.07 | 14.151 % | 26.18 | 1.03 | 4.095 % |
| 2013 | 17.2 | 0.51 | 3.056 % | 27.9 | 1.72 | 6.556 % |
| 2014 | 17.98 | 0.78 | 4.536 % | 30.06 | 2.16 | 7.755 % |
| 2015 | 16.21 | -1.77 | -9.841 % | 34.99 | 4.92 | 16.371 % |
| 2016 | 12.07 | -4.14 | -25.541 % | 37.7 | 2.71 | 7.757 % |
| 2017 | 13.26 | 1.2 | 9.906 % | 36.13 | -1.57 | -4.165 % |
| 2018 | 15.02 | 1.75 | 13.213 % | 38.47 | 2.34 | 6.466 % |
| 2019 | 15.51 | 0.5 | 3.299 % | 41.5 | 3.04 | 7.894 % |
| 2020 | 14.24 | -1.28 | -8.234 % | 43.45 | 1.95 | 4.702 % |
| 2021 | 16.17 | 1.93 | 13.576 % | 46.21 | 2.75 | 6.33 % |
| 2022 | 18.88 | 2.72 | 16.795 % | 51.66 | 5.45 | 11.805 % |
| 2023 | 20.92 | 2.04 | 10.79 % | 56.45 | 4.79 | 9.277 % |
| 2024 | 22.75 | 1.82 | 8.72 % | 59.06 | 2.61 | 4.619 % |
Between 1991 to 2024, Mozambique experienced the following economic phases:
The most remarkable growth occurred in 1996 with an increase of 31.633%, while the largest decline was in 1992 at -27.398%.