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%.
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.
Mozambique GDP from 1980 to 2024
The total market value of goods and services produced annually in Mozambique.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
