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.
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%.