Mozambique GDP Growth Rate YoY
Add to your siteThe services sector is the most significant sector of the Mozambican economy, accounting for 49% of overall GDP, with wholesale and retail commerce, motor vehicles repair (12%), education (8%), and transportation (7%). Industry accounts for 27% of GDP, with mining and quarrying accounting for 11%. The country has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite, and gemstones), with aluminum being the most essential exported item. Manufacturing accounts for 10%, with construction accounting for 3%. Crops such as cotton, prawns, cashew nuts, sugar, citrus, copra, coconut, and lumber are the most important sources of income. Agriculture, hunting, forestry, and fishing generate 24% of the country's wealth. Among the expenditure components of GDP, household consumption is first, accounting for 67% of overall use. Government expenditure (26%) and gross fixed capital formation (25%) are the next most important components. Exports of products and services account for 41% of GDP, whilst imports account for 73%, resulting in a net loss of 32% of overall GDP through trade.
A higher than expected figure should be seen as positive (bullish) for the MZN while a lower than expected figure should be seen as negative (bearish) for the MZN.
