Mozambique's GDP changed from approximately $4B 615M in 1980 to $22B 975M in 2024, showing an overall 397.8% sharply increased during the period.
The lowest GDP was recorded in 1988 at $2B 105M, and the highest in 2024 at $22B 975M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.7%.
For comparison, the average annual growth rate of Malawi was 3.0%, and that of Madagascar was 2.7%.
Mozambique GDP from 1980 to 2024
The total market value of goods and services produced annually in Mozambique.
Overview of Mozambique's GDP (1980–2024)
The Gross Domestic Product (GDP) of Mozambique recorded a 397.8% sharply increased from 1980 to 2024.
The average GDP during this period was $8B 987M, and the median was $6B 285M.
GDP fluctuated within a range of $20B 870M, with a standard deviation of $5B 956M.
The average annual change was $414M 611K.
Highest and Lowest GDP Records
- Lowest GDP: 1988, $2B 105M
- Highest GDP: 2024, $22B 975M
- Most Recent GDP: 2024, $22B 975M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2016: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Mozambique's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $15B 513M → $14B 235M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $10B 811M → $12B 264M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $5B 931M → $5B 650M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $4B 874M → $5B 551M
- Outcome: sharply increased
Key Economic Indicators of Mozambique (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 4.228 % | $ 4B 615M | $ 2B 497M | $ 396.82 | $ 214.69 | 8.96 % | 11M 630K people | -7.952 % | -1.468 % |
1981 | 5 % | $ 3B 585M | $ 2B 870M | $ 300.91 | $ 240.89 | 23.14 % | 11M 913K people | -11.356 % | -7.404 % |
1982 | -6.9 % | $ 3B 662M | $ 2B 837M | $ 300.39 | $ 232.72 | 17.27 % | 12M 190K people | -13.559 % | -3.599 % |
1983 | -15.7 % | $ 3B 280M | $ 2B 485M | $ 263.66 | $ 199.77 | 11.69 % | 12M 440K people | -12.662 % | -15.729 % |
1984 | -6.5 % | $ 3B 417M | $ 2B 407M | $ 270.38 | $ 190.52 | 11.48 % | 12M 636K people | -9.027 % | -13.355 % |
1985 | 1 % | $ 4B 516M | $ 2B 508M | $ 353.79 | $ 196.52 | 8.58 % | 12M 764K people | -6.668 % | -9.641 % |
1986 | -2.3 % | $ 5B 301M | $ 2B 500M | $ 413.83 | $ 195.19 | 6.19 % | 12M 809K people | -7.722 % | -11.73 % |
1987 | 14.7 % | $ 2B 395M | $ 2B 939M | $ 187.30 | $ 229.82 | 15.93 % | 12M 786K people | -16.234 % | -6.046 % |
1988 | 8.2 % | $ 2B 105M | $ 3B 292M | $ 164.97 | $ 258.01 | 24.88 % | 12M 758K people | -17.034 % | -5.089 % |
1989 | 6.5 % | $ 2B 199M | $ 3B 643M | $ 171.73 | $ 284.49 | 20.01 % | 12M 806K people | -20.927 % | -2.474 % |
1990 | 1 % | $ 3B 529M | $ 3B 817M | $ 271.73 | $ 293.93 | 31.54 % | 12M 987K people | -14.663 % | -3.057 % |
1991 | 6.552 % | $ 3B 855M | $ 4B 205M | $ 289.25 | $ 315.50 | 17.23 % | 13M 328K people | -14.363 % | -1.175 % |
1992 | -7.576 % | $ 2B 799M | $ 3B 975M | $ 202.71 | $ 287.92 | 16.94 % | 13M 806K people | -17.916 % | -0.241 % |
1993 | 10.941 % | $ 2B 883M | $ 4B 514M | $ 200.62 | $ 314.13 | 12.94 % | 14M 371K people | -21.137 % | -0.753 % |
1994 | 6.44 % | $ 2B 958M | $ 4B 908M | $ 197.90 | $ 328.32 | 8.27 % | 14M 948K people | -21.892 % | -3.159 % |
1995 | 2.123 % | $ 3B 62M | $ 5B 117M | $ 197.74 | $ 330.48 | 23.92 % | 15M 483K people | -15.162 % | -1.212 % |
1996 | 10.696 % | $ 4B 30M | $ 5B 768M | $ 252.51 | $ 361.39 | 11.60 % | 15M 960K people | -13.923 % | -1.034 % |
1997 | 11.815 % | $ 4B 874M | $ 6B 561M | $ 297.23 | $ 400.11 | 16.20 % | 16M 396K people | -8.977 % | -0.867 % |
1998 | 10.369 % | $ 5B 551M | $ 7B 322M | $ 330.15 | $ 435.49 | 13.76 % | 16M 814K people | -13.937 % | -0.373 % |
1999 | 11.817 % | $ 6B 285M | $ 8B 303M | $ 364.48 | $ 481.52 | 30.71 % | 17M 244K people | -13.596 % | 0.09 % |