Mozambique

1980

2026

2030

1980

2026

2030

Mozambique Economic Statistics (2026)

GDP per capita (PPP) in 2026: $1,776—below global average.

The economy has grown at an average rate of 3.4% over the past 5 years.

Inflation is high at 5.4%, eroding purchasing power.

GDP per capita (PPP)

$1,776

GDP growth

+3.5%

Inflation rate

5.4%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $27 billion, with steady growth of 3.5% in 2026.

Average economic output per person

GDP per capita is $720 in nominal terms, but $1,776 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 5.4% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is elevated at 100% of GDP. The government spends more than it collects (revenue: 26.2%, expenditure: 30.4% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 4.2% and a current account deficit of 36.6% of GDP.

Mozambique is a lower-income economy with GDP per capita (PPP) of $1,776. High inflation (5.4%) is a challenge.