Mozambique GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 4B 615M
    $ 396.82
    $ 214.69
    $ 2B 497M
    4.228 %
    -7.952 %
    8.96 %
    -1.468 %
    11M 630K people
    1981
    $ 3B 585M
    $ 300.91
    $ 240.89
    $ 2B 870M
    5 %
    -11.356 %
    23.14 %
    -7.404 %
    11M 913K people
    1982
    $ 3B 662M
    $ 300.39
    $ 232.72
    $ 2B 837M
    -6.9 %
    -13.559 %
    17.27 %
    -3.599 %
    12M 190K people
    1983
    $ 3B 280M
    $ 263.66
    $ 199.77
    $ 2B 485M
    -15.7 %
    -12.662 %
    11.69 %
    -15.729 %
    12M 440K people
    1984
    $ 3B 417M
    $ 270.38
    $ 190.52
    $ 2B 407M
    -6.5 %
    -9.027 %
    11.48 %
    -13.355 %
    12M 636K people
    1985
    $ 4B 516M
    $ 353.79
    $ 196.52
    $ 2B 508M
    1 %
    -6.668 %
    8.58 %
    -9.641 %
    12M 764K people
    1986
    $ 5B 301M
    $ 413.83
    $ 195.19
    $ 2B 500M
    -2.3 %
    -7.722 %
    6.19 %
    -11.73 %
    12M 809K people
    1987
    $ 2B 395M
    $ 187.30
    $ 229.82
    $ 2B 939M
    14.7 %
    -16.234 %
    15.93 %
    -6.046 %
    12M 786K people
    1988
    $ 2B 105M
    $ 164.97
    $ 258.01
    $ 3B 292M
    8.2 %
    -17.034 %
    24.88 %
    -5.089 %
    12M 758K people
    1989
    $ 2B 199M
    $ 171.73
    $ 284.49
    $ 3B 643M
    6.5 %
    -20.927 %
    20.01 %
    -2.474 %
    12M 806K people
    1990
    $ 3B 529M
    $ 271.73
    $ 293.93
    $ 3B 817M
    1 %
    -14.663 %
    31.54 %
    -3.057 %
    12M 987K people
    1991
    $ 3B 855M
    $ 289.25
    $ 315.50
    $ 4B 205M
    6.552 %
    -14.363 %
    17.23 %
    -1.175 %
    13M 328K people
    1992
    $ 2B 799M
    $ 202.71
    $ 287.92
    $ 3B 975M
    -7.576 %
    -17.916 %
    16.94 %
    -0.241 %
    13M 806K people
    1993
    $ 2B 883M
    $ 200.62
    $ 314.13
    $ 4B 514M
    10.941 %
    -21.137 %
    12.94 %
    -0.753 %
    14M 371K people
    1994
    $ 2B 958M
    $ 197.90
    $ 328.32
    $ 4B 908M
    6.44 %
    -21.892 %
    8.27 %
    -3.159 %
    14M 948K people
    1995
    $ 3B 62M
    $ 197.74
    $ 330.48
    $ 5B 117M
    2.123 %
    -15.162 %
    23.92 %
    -1.212 %
    15M 483K people
    1996
    $ 4B 30M
    $ 252.51
    $ 361.39
    $ 5B 768M
    10.696 %
    -13.923 %
    11.60 %
    -1.034 %
    15M 960K people
    1997
    $ 4B 874M
    $ 297.23
    $ 400.11
    $ 6B 561M
    11.815 %
    -8.977 %
    16.20 %
    -0.867 %
    16M 396K people
    1998
    $ 5B 551M
    $ 330.15
    $ 435.49
    $ 7B 322M
    10.369 %
    -13.937 %
    13.76 %
    -0.373 %
    16M 814K people
    1999
    $ 6B 285M
    $ 364.48
    $ 481.52
    $ 8B 303M
    11.817 %
    -13.596 %
    30.71 %
    0.09 %
    17M 244K people