Mozambique GDP Growth Rate

The Gross Domestic Product (GDP) in Mozambique expanded 1.90 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Mozambique is reported by the Instituto Nacional De Estatistica, Mozambique. GDP Growth Rate in Mozambique averaged 2.02 Percent from 2000 until 2013, reaching an all time high of 7.40 Percent in the first quarter of 2005 and a record low of -5 Percent in the third quarter of 2004. Mozambique is one of the world's poorest and least developed countries. And years of civil wars and government mismanagement have left the nation heavily dependent on foreign aid. The economy is dominated by agriculture; prawns, cotton, cashew nuts, sugar, citrus, copra, coconuts, and timber are the most important crops. The country also has large mineral deposits (marble, bentonite, coal, gold, bauxite, granite and gemstones) with aluminum being the most important exports product. This page provides - Mozambique GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.90 1.40 7.40 -5.00 3.18 | 2013/12 2000 - 2013 Percent Quarterly

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Mozambique GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 14.59 2012-12-31 12.80 14.59 2.00 16.85 2013-12-31 USD Billion [+]
GDP Constant Prices 52850.00 2013-11-15 58604.00 62405.00 19407.00 56632.88 2014-03-31 MZM Million [+]
GDP Growth Rate 1.90 2013-12-31 1.40 7.40 -5.00 3.18 2013-12-31 Percent [+]
GDP Annual Growth Rate 7.13 2013-12-31 8.20 11.00 4.20 8.07 2013-12-31 Percent [+]
GDP per capita 417.45 2012-12-31 398.52 417.45 141.84 436.19 2013-12-31 USD [+]
GDP per capita PPP 882.43 2012-12-31 842.42 882.43 299.84 922.05 2013-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Mozambican Inflation Rate Up To 3.0% in March  
The annual consumer prices in Mozambique accelerated for the first time in five months to 3.0 percent in March of 2014, from 2.38 percent recorded in February of 2014, as food and no alcoholic beverages costs edged up.
Mozambique Leaves Monetary Policy Unchanged  
At its March 12th, 2014 meeting, the Bank of Mozambique decided to leave the key lending rate unchanged at 8.25 percent, arguing it wanted to maintain a prudent monetary policy stance to mitigate the effects from recent serious flooding.
Mozambique Inflation Rate Slows to 11-Month Low  
In February of 2014, Mozambique annual inflation rate decelerated for the fifth straight month to 2.38 percent, down from 3.16 percent in January. On a monthly basis, prices slowed sharply to 0.39 percent, after rising 0.98 percent in the previous month.
Bank of Mozambique Leaves Rates Unchanged in February  
At its February 12th, 2014 meeting, Bank of Mozambique kept its main lending rate at 8.25 percent for the fourth straight meeting. The Committee took into account the need to preserve stability as well as the prevalence of several international, regional, and domestic risks.
Mozambique Inflation Rate Decelerates in January  
In January of 2014, Mozambican annual inflation rate slowed to 3.16 percent, from 3.54 percent in December. On a monthly basis, prices accelerated to 0.98 percent, the highest rate in eleven months, due to food cost.
Mozambique Leaves Rates on Hold in January  
At its January 13th, 2014 meeting, Bank of Mozambique decided to leave the benchmark interest rate on hold at 8.25 percent. In 2013, the Bank cut the interest rate by 125 bps.
Mozambique Inflation Rate Slows to 3.54% in December  
In December of 2013, Mozambican annual inflation rate slowed to 3.54 percent, the lowest rate in eleven months. Inflation a year ago was recorded at 2.02 percent.
Mozambique’s Monetary Policy Unchanged in December  
At its December 11th meeting, Bank of Mozambique kept its main lending rate at 8.25 percent as the country is on target to meet key macroeconomic goals for this year, especially inflation rate.
Mozambique Inflation Rate Decelerates in November  
In November of 2013, Mozambican inflation rate slowed for the third straight month to 4.04 percent from 4.42 percent in October.
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LATEST NEWS

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Russia Unemployment Drops in March  
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Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
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Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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