Mozambique GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mozambique expanded 7.13 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mozambique is reported by the Instituto Nacional De Estatistica, Mozambique. GDP Annual Growth Rate in Mozambique averaged 7.23 Percent from 2006 until 2013, reaching an all time high of 11 Percent in the first quarter of 2006 and a record low of 4.20 Percent in the first quarter of 2013. In Mozambique, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Mozambique GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.13 8.20 11.00 4.20 8.07 | 2013/12 2006 - 2013 Percent Quarterly

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Mozambique GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 14.59 2012-12-31 12.80 14.59 2.00 17.96 2014-06-30 USD Billion [+]
GDP Constant Prices 52850.00 2013-11-15 58604.00 62405.00 19407.00 63344.31 2014-06-30 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 2012-12-31 398.52 417.45 141.84 446.69 2014-06-30 USD [+]
GDP per capita PPP 882.43 2012-12-31 842.42 882.43 299.84 944.23 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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