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Prices & public finance · Sub-Saharan Africa · Low income
Mozambique: prices, money and public finance
Inflation is 4.4% (2025), 50th of 180 in the world and 17th of 44 in Sub-Saharan Africa. GDP deflator is -1.0% (2025), 194th of 209 in the world and 41st of 46 in Sub-Saharan Africa. Lending rate is 17.5% (2025), 21st of 136 in the world and 11th of 36 in Sub-Saharan Africa.
Inflation
MozambiqueSub-Saharan AfricaLow incomeWorld
GDP deflator
MozambiqueSub-Saharan AfricaLow incomeWorld
14 indicators
Prices & public finance: Mozambique in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 4.4%2025 | 50/180 | 17/44 | · | 12.4% | 3.5% | +0.8 ppsince 2015 | 3.4% | 4.4% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | -1.0%2025 | 194/209 | 41/46 | 11.6% | 7.6% | 3.2% | −8.1 ppsince 2015 | 4.1% | 6.3% | 3.3% | |
| Lending rateLending interest rate, % | 17.5%2025 | 21/136 | 11/36 | 19.0% | 16.3% | 17.1% | +2.7 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 18.7%2025 | 5/136 | 2/36 | 6.7% | 8.0% | 13.5% | +11.5 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 63.912024 | 75/210 | 33/47 | 15.23 | 33.96 | 69.46 | +104%since 2014 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 21.8%2024 | 37/142 | 6/32 | · | 14.3% | 21.5% | −2.1 ppsince 2014 | — | 9.9% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 24.5%2024 | 78/142 | 8/32 | · | 15.9% | 22.7% | −2.7 ppsince 2014 | — | 11.4% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 26.0%2022 | 75/142 | 8/32 | · | 19.6% | 22.9% | +3.8 ppsince 2012 | — | 13.9% | 28.5% | |
| Government debtCentral government debt, % of GDP | 71.8%2024 | 18/78 | 2/15 | · | · | 101.4% | — | — | — | — | |
| External debtExternal debt stocks, % of GNI | 350.6%2024 | 1/119 | 1/43 | 115.3% | 101.6% | 432.2% | +156.1 ppsince 2014 | — | 42.2% | — | |
| Private creditDomestic credit to private sector, % of GDP | 18.3%2025 | 135/169 | 19/42 | 12.2% | 21.6% | 23.9% | −13.8 ppsince 2015 | 31.7% | 12.6% | 140.3% | |
| Broad moneyBroad money, % of GDP | 59.4%2025 | 77/146 | 6/42 | 19.8% | 34.4% | 59.0% | +8.0 ppsince 2015 | 42.6% | 22.6% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.42024 | 107/165 | 18/32 | · | 5.2 | 5.3 | +6.2%since 2014 | 6.1 | 3.3 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.87%2025 | 73/156 | 14/45 | 0.93% | 0.87% | 2.02% | +1.0 ppsince 2015 | 1.13% | 1.57% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+6.2%3.4 in 2024
Worse than ten years ago
- Inflation+0.8 pp4.4% in 2025
- External debt+156.1 pp350.6% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Mozambique and its neighbours
Countries sharing a land border with Mozambique. Latest values since 2005; the highest in each row is marked.
| Indicator | Mozambique | Tanzania | South Africa | Malawi | Zambia | Zimbabwe |
|---|---|---|---|---|---|---|
| Inflation | 4.4%2025 | 3.3%2025 | 3.2%2025 | 28.4%2025 | 13.9%2025 | 104.7%2022 |
| GDP deflator | -1.0%2025 | 5.1%2025 | 2.8%2025 | 30.4%2025 | 5.6%2025 | 83.1%2025 |
| Lending rate | 17.5%2025 | 16.7%2020 | 10.7%2025 | 37.1%2024 | 9.5%2020 | 46.4%2025 |
| Real interest rate | 18.7%2025 | 9.6%2020 | 7.7%2025 | 10.0%2024 | -3.9%2020 | -20.1%2025 |
| Exchange rate | 63.912024 | 2,597.902024 | 17.892025 | 1,161.092023 | 25.282025 | 26.602025 |
| Tax revenue | 21.8%2024 | 12.3%2024 | 25.9%2024 | 15.6%2024 | 18.8%2024 | 7.2%2018 |
| Government revenue | 24.5%2024 | 14.0%2024 | 29.4%2024 | 15.9%2024 | 23.4%2024 | 8.1%2018 |
| Government expense | 26.0%2022 | 16.3%2024 | 33.4%2022 | 20.2%2022 | 25.1%2021 | 11.0%2018 |
| Government debt | 71.8%2024 | — | 82.8%2024 | 61.8%2023 | 71.4%2021 | — |