Mozambique GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$656.78

Source: world bank Nominal/PPP
Summary:

Mozambique GDP Per Capita expanded from 1991 to 2024, increasing from $288.71 to $656.78 .The compound annual growth rate (CAGR) averaged 2.52% over the period. The economy recorded its peak level in 2014 and its lowest level in 1995. Growth volatility remained high. The maximum drawdown reached 36.67%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.

Latest GDP Per Capita of Mozambique 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 656.78 dollars$ 1,705.38 Int dollars
Growth (YoY)5.591%1.608%
Net Change vs Previous Year$ 34.78 dollars$ 26.99 Int dollars
% of World GDP Per Capita0.59%0.85%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Mozambique GDP | Mozambique GDP Growth

Mozambique Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960------
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1990---296.04--
1991288.71--314.9318.896.381 %
1992205.59-83.12-28.791 %291.99-22.94-7.284 %
1993205.19-0.4-0.192 %321.2829.2910.031 %
1994196.76-8.43-4.107 %326.445.161.607 %
1995191.83-4.94-2.509 %320.6-5.84-1.79 %
1996244.3652.5427.388 %349.7329.139.087 %
1997287.5343.1717.666 %387.0637.3310.673 %
1998320.1332.5911.335 %422.2735.219.096 %
1999354.4134.2810.709 %468.2145.9410.88 %
2000327.13-27.28-7.697 %471.973.760.803 %
2001304.79-22.33-6.827 %532.6360.6612.853 %
2002313.899.092.984 %580.0447.418.902 %
2003339.4925.68.156 %619.9939.956.887 %
2004400.0660.5717.841 %673.3553.368.606 %
2005436.7736.729.178 %721.4148.077.138 %
2006457.4920.714.742 %798.3976.9810.67 %
2007507.8750.3911.014 %861.9963.67.966 %
2008592.1684.2816.595 %916.1654.176.284 %
2009547.7-44.46-7.508 %951.4935.333.856 %
2010496.19-51.51-9.405 %1000.2448.765.124 %
2011618.18121.9924.586 %1063.6663.416.34 %
2012685.6967.5110.921 %1075.8812.221.149 %
2013686.510.820.12 %1113.7537.873.52 %
2014697.1410.641.549 %1165.8352.084.676 %
2015610.56-86.58-12.419 %1317.89152.0613.043 %
2016441.49-169.07-27.691 %1379.1161.224.645 %
2017470.9429.456.67 %1282.75-96.36-6.987 %
2018517.5146.579.888 %1325.5942.843.339 %
2019519.091.590.306 %1388.863.214.768 %
2020462.43-56.66-10.915 %1411.6222.821.643 %
2021509.9147.4710.266 %1457.2445.623.231 %
2022578.2568.3413.403 %1581.94124.718.558 %
202362243.757.566 %1678.3996.456.097 %
2024656.7834.785.591 %1705.3826.991.608 %

Mozambique Economic Phases (1991 - 2024)

From 1991 to 2024, Mozambique economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • Contraction (1993–1995) indicating temporary slowdown
  • High Growth (1996–1999) indicating robust economic expansion
  • Contraction (2000–2001) indicating temporary slowdown
  • High Growth (2003–2005) indicating robust economic expansion
  • High Growth (2007–2008) indicating robust economic expansion
  • Contraction (2009–2010) indicating temporary slowdown
  • High Growth (2011–2012) indicating robust economic expansion
  • Expansion (2013–2014) indicating steady moderate growth
  • Crisis (2015–2016) indicating severe economic downturn
  • High Growth (2017–2018) indicating robust economic expansion
  • High Growth (2021–2024) indicating robust economic expansion

The most remarkable growth occurred in 1996 with an increase of 27.388%, while the largest decline was in 1992 at -28.791%.