Mozambique economy

16 October 2026

Spending

People are spending less: 78.1 MZN each per day in 2025, down 8.2% on the year (down 12.0% after inflation). No free source reports spending day by day; this is the latest yearly average.

Household spending per person, per day

What am I looking at?

Private consumption divided by population and by 365: the average each person spends per day, in meticais (nominal).

MZN per person per day, annual average. This is not a daily reading.

How to interpret it

  • Compare the change with inflation: nominal spending can rise while real spending falls.
  • A fall after inflation means people are buying less, not just paying more.

Why it matters for mobile money

  • A rough ceiling on how much average customers can transact. Real spending falling may be consistent with weaker discretionary payments.
  • It is an economy-wide average, not mobile money behaviour.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 78.1 MZN (2025).

Versus 2024: down 8.2%.

It has fallen in each of the last two readings.

That is above the average of earlier readings (49.7).

Spending per person fell in nominal terms, which may point to households cutting back. This is an interpretation, not a proven effect.

What to watch next

  • Inflation
  • Unemployment
  • Average transaction value (internal)

Data source

Source
World Bank, NE.CON.PRVT.CN and SP.POP.TOTL (ECON calculation)
Status
Calculated by ECON from the source series
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
Household consumption in meticais divided by population and 365. Real change uses annual CPI inflation (FP.CPI.TOTL.ZG).
Limitations
Annual, published with a lag; the last day or month is not available from any free source.

Household spending per person, per day

78.1MZN▼ 8.2% vs 2024

13.433.753.974.194.320062025

What people spend

What am I looking at?

The average per-person daily spend and a budget calculator.

You enter a daily budget from a year ago; it shows what the same basket costs now using the latest inflation reading.

How to interpret it

  • The calculator uses headline inflation, so it is only an average. Households that spend mostly on food face the food rate.

Why it matters for mobile money

  • Illustrates how nominal amounts must rise just to keep up, which can lift average transaction values without extra consumption.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 78.1 MZN (2025).

Versus 2024: down 8.2%.

It has fallen in each of the last two readings.

That is above the average of earlier readings (49.7).

What to watch next

  • Food inflation
  • Inflation
  • Real spending

Data source

Source
World Bank and INE (ECON calculation)
Status
Calculated by ECON from the source series
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual and monthly
Method
Budget × (1 + latest annual inflation).
Limitations
Illustrative, not a forecast.

Per person, per day

78.1 MZN

≈ US$ 1.22

A budget a year ago

MZN

needs 213 MZN today

Insights

Food prices are rising faster than prices overallFood inflation is 8.7% against 6.3% for all items (2026-09).
Evidence
A gap of 2.4 percentage points.
Possible interpretation
Households that spend most of their budget on food face more pressure than the headline suggests.
Relevance for mobile money
May be consistent with less discretionary spending and more cash-out for essentials; nominal merchant payment values may also rise without more volume. Requires validation against transaction data.
Confidence and limits
Moderate. A single month and a three-city CPI. Based partly on saved figures, not a live release; verify against the publisher.
Look next
Transport inflation · Average transaction value, nominal versus real · Merchant payment frequency
View chart
Policy rate is above inflationThe policy rate is 9.25% and inflation is 6.31%, a real rate of 2.94 points.
Evidence
Policy rate observed 2026-10-16; inflation 2026-09.
Possible interpretation
Policy is tight in real terms, which may keep borrowing costly.
Relevance for mobile money
Could suggest slower credit growth and higher appeal of deposits; the effect on wallet use is indirect and unproven.
Confidence and limits
Low to moderate. Compares two series with different dates. Based partly on saved figures, not a live release; verify against the publisher.
Look next
Bank lending rate · Private credit · Deposit rate
View chart
Real household spending fellPer-person spending was down 8.2% in 2025, and down 12.0% after inflation.
Evidence
Private consumption per person per day, deflated by annual CPI inflation (World Bank).
Possible interpretation
Prices rose faster than spending, which is consistent with households buying less.
Relevance for mobile money
May indicate weaker demand for discretionary payments. Nominal transaction values can still rise. Requires validation.
Confidence and limits
Moderate. Annual data published with a lag; it says nothing about the last few months.
Look next
Unemployment · Food inflation · Transaction frequency (internal)
View chart
Many SIMs, far fewer internet users50 mobile subscriptions per 100 people against 21% of people using the internet.
Evidence
World Bank/ITU, 2024 and 2024.
Possible interpretation
A large share of subscribers may rely on basic phones and voice or SMS rather than data.
Relevance for mobile money
Is consistent with USSD and agent-led services remaining important alongside app-based ones. Requires validation.
Confidence and limits
Moderate. SIMs are not unique users; years may differ.
Look next
Adults with an account · Income per person
View chart
Account ownership is growing54% of adults had an account in 2024, versus 49% in 2021.
Evidence
World Bank Global Findex survey.
Possible interpretation
Includes bank and mobile money accounts; it does not show active use.
Relevance for mobile money
Could indicate how much of the market is already reachable and where further inclusion is possible. Requires validation.
Confidence and limits
Moderate, but survey points are years apart.
Look next
Mobile subscriptions · Internet users
View chart

Prices and money

How fast prices are rising

What am I looking at?

Inflation: how much more the same basket of goods and services costs than in the same month a year ago.

Shown as a percentage, monthly readings, year-on-year.

How to interpret it

  • Higher means prices are rising faster and each metical buys less. Lower is not always better: falling prices can signal weak demand.
  • Look at the direction over several months, not one reading. Food and fuel make single months jumpy.

Why it matters for mobile money

  • When prices rise, average transaction values may rise in nominal terms without more being bought, so compare nominal and inflation-adjusted values.
  • Sustained high inflation can squeeze disposable income, which may show up as smaller or less frequent discretionary payments and more cash-out to cover essentials.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 6.31 % (2026-09).

Versus 2026-08: down 0.14 percentage points.

It has fallen in each of the last two readings.

Price pressure is easing, which may relieve household budgets, though lower inflation does not by itself restore lost purchasing power. This is an interpretation, not a proven effect.

What to watch next

  • Food and transport inflation (they hit low-income customers hardest)
  • Policy rate: the central bank's response
  • Nominal versus real average transaction value

Data source

Source
INE (Instituto Nacional de Estatística), CPI
Status
Saved figure
Latest observation
2026-09
Last updated
2026-10-16
Frequency
Monthly
Method
Consumer Price Index; urban basket covering Maputo, Beira and Nampula.
Limitations
National figure is built from three cities only. Not a rural measure. This is a saved figure collected 2026-10-16, not fetched live from the publisher.

How fast prices are rising

6.31%▼ 0.14 pts vs 2026-08

6.136.526.917.307.69May 2026Sep 2026

How fast food prices are rising

What am I looking at?

Food and non-alcoholic beverage inflation: the year-on-year change in what food costs.

Percentage, monthly.

How to interpret it

  • Higher means households spend more of their budget just to eat. Food inflation above headline inflation means poorer households feel more pressure than the average.
  • Harvests, weather and transport costs can move it for a few months at a time.

Why it matters for mobile money

  • Households with less left after food may cut discretionary spending and hold more cash for essentials.
  • Higher food prices also raise the nominal value of market and merchant payments without meaning more consumption.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 8.69 % (2026-09).

Only 2 readings available, which is not enough to describe a trend.

What to watch next

  • Headline inflation (is food leading?)
  • Transport inflation
  • Merchant and bill-payment activity per active customer

Data source

Source
INE (Instituto Nacional de Estatística), CPI food group
Status
Saved figure
Latest observation
2026-09
Last updated
2026-10-16
Frequency
Monthly
Method
Food component of the CPI.
Limitations
Three-city basket. Seasonal harvest effects are not removed. This is a saved figure collected 2026-10-16, not fetched live from the publisher.

How fast food prices are rising

8.69%▼ 0.22 pts vs 2026-08

8.668.738.808.878.94Aug 2026Sep 2026

Central bank interest rate

What am I looking at?

The central bank's main interest rate (MIMO). It guides what banks charge and pay.

Percent per year; changes only when the monetary policy committee meets.

How to interpret it

  • Cuts make borrowing cheaper and support spending; hikes fight inflation but make loans and saving costs shift.
  • Compare to inflation: a policy rate well above inflation means tight policy; near or below means loose.

Why it matters for mobile money

  • Rates influence loan and deposit pricing, which affects appetite for digital savings and credit products.
  • They do not directly set wallet behaviour; effects, if any, arrive slowly.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 9.25 % (2026-10-16).

Only 2 readings available, which is not enough to describe a trend.

What to watch next

  • Inflation versus the policy rate
  • Bank lending and deposit rates
  • Credit to the private sector

Data source

Source
Banco de Moçambique, MIMO rate
Status
Fetched live on the last refresh
Latest observation
2026-10-16
Last updated
2026-10-16
Frequency
After each Monetary Policy Committee meeting (irregular)
Method
Announced policy rate.
Limitations
Flat between decisions; each reading is not a new observation.

Central bank interest rate

9.25%

7.868.569.259.9410.64Jul 29, 2026Oct 16, 2026

Cost of a US dollar

What am I looking at?

How many meticais one US dollar buys (MZN per USD), mid-market.

Daily.

How to interpret it

  • A rising number means a weaker metical: imports priced in dollars cost more.
  • Short-term moves are noise; a sustained drift matters.

Why it matters for mobile money

  • A weaker metical raises the local cost of imported goods and may raise prices; it can also raise the value of dollar remittances in meticais for recipients.
  • Cross-border flows may respond to the rate, which matters for any international transfer product.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 63.74 MZN (2026-10-16).

Only 2 readings available, which is not enough to describe a trend.

What to watch next

  • Inflation (pass-through from import prices)
  • Remittances received
  • Foreign reserves

Data source

Source
open.er-api.com, mid-market daily rate
Status
Fetched live on the last refresh
Latest observation
2026-10-16
Last updated
2026-10-16
Frequency
Daily
Method
Aggregated mid-market rate; not the retail rate customers get.
Limitations
No official BdM rate is used. History builds only while the app can save files; on this host it does not, so the chart shows few points.

Cost of a US dollar

63.74MZN▲ 0.8% vs 2026-07-22

63.1863.3463.5063.6563.81Jul 22, 2026Oct 16, 2026

Money and credit

Bank lending rate

What am I looking at?

The average interest rate banks charge borrowers.

Percent per year, annual average.

How to interpret it

  • High lending rates make credit expensive, so fewer households and firms borrow.
  • Compare with inflation to see the real cost.

Why it matters for mobile money

  • Expensive bank credit may leave room for digital credit and savings products, though affordability and risk matter.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 17.5 % (2025).

Versus 2024: down 4.2 percentage points.

It has fallen in each of the last two readings.

That is below the average of earlier readings (19.0).

Borrowing got cheaper, which may support loan demand. This is an interpretation, not a proven effect.

What to watch next

  • Policy rate
  • Deposit rate
  • Private credit

Data source

Source
World Bank / IMF, FR.INR.LEND
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
A single average; actual rates vary by borrower.

Bank lending rate

17.5%▼ 4.2 pts vs 2024

12.817.121.325.629.820062025

Bank deposit rate

What am I looking at?

The average interest banks pay on deposits.

Percent per year, annual average.

How to interpret it

  • Compare with inflation: a deposit rate below inflation means savings lose purchasing power.

Why it matters for mobile money

  • Low real returns on bank deposits may influence where customers hold savings, including in wallets or cash.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 5.8 % (2025).

Versus 2024: down 2.5 percentage points.

It has fallen in each of the last two readings.

That is below the average of earlier readings (10.1).

Savers earn less, which may reduce the appeal of bank deposits. This is an interpretation, not a proven effect.

What to watch next

  • Inflation
  • Lending rate
  • Broad money

Data source

Source
World Bank / IMF, FR.INR.DPST
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Average rate; many accounts pay far less.

Bank deposit rate

5.8%▼ 2.5 pts vs 2024

4.17.811.415.118.820062025

Broad money (M2)

What am I looking at?

Broad money (M2): cash held by the public plus bank deposits, relative to GDP.

% of GDP, annual. It does not include mobile money wallet balances.

How to interpret it

  • A rising share suggests deeper use of money and banks; a falling share may mean more cash held outside or slower deposit growth.

Why it matters for mobile money

  • Gives context on liquidity and cash use. It is not wallet balances: do not equate the two.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 59.4 % of GDP (2025).

Versus 2024: up 5.9 percentage points.

It has risen in each of the last two readings.

That is above the average of earlier readings (42.8).

The money stock grew faster than the economy. This is an interpretation, not a proven effect.

What to watch next

  • Private credit
  • Deposit rate
  • Adults with an account

Data source

Source
World Bank / IMF, FM.LBL.BMNY.GD.ZS
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Excludes e-money wallets; not a measure of cash in circulation alone.

Broad money (M2)

59.4% of GDP▲ 5.9 pts vs 2024

16.828.840.952.965.020062025

Credit to the private sector

What am I looking at?

Bank lending to households and firms relative to GDP.

% of GDP, annual.

How to interpret it

  • Higher means more credit is flowing to the private sector. Very low levels signal limited formal borrowing.

Why it matters for mobile money

  • Low bank credit may indicate room for digital credit and merchant financing, subject to risk.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 18.3 % of GDP (2025).

Versus 2024: up 0.6 percentage points.

Recent readings are mixed, with no clear direction.

That is below the average of earlier readings (21.6).

Private credit grew relative to the economy. This is an interpretation, not a proven effect.

What to watch next

  • Lending rate
  • Policy rate
  • GDP growth

Data source

Source
World Bank, FS.AST.PRVT.GD.ZS
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Banks only; excludes microfinance and mobile lenders.

Credit to the private sector

18.3% of GDP▲ 0.6 pts vs 2024

6.613.821.028.235.420062025

Digital economy

Adults with an account

What am I looking at?

Share of adults (15+) with an account at a bank or other institution, or a mobile money account.

% of adults; survey-based, every three years or so.

How to interpret it

  • Rising ownership is the clearest measure of inclusion. Having an account is not the same as using it actively.

Why it matters for mobile money

  • Shows how far formal digital finance reaches. Gaps by gender and region (not shown here) matter for expansion.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 54.4 % of adults (2024).

Versus 2021: up 4.9 percentage points.

It has risen in each of the last two readings.

Account ownership grew between survey rounds. This is an interpretation, not a proven effect.

What to watch next

  • Mobile subscriptions
  • Internet users
  • Agent coverage (not yet available)

Data source

Source
World Bank Global Findex, FX.OWN.TOTL.ZS
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Survey every ~3 years
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Only a few survey points; it is not a trend line.

Adults with an account

54.4% of adults▲ 4.9 pts vs 2021

39.843.948.052.256.320172024

Mobile subscriptions

What am I looking at?

Active SIM subscriptions per 100 people.

Subscriptions per 100 people, annual. One person can hold several SIMs, so it is not the share of people with a phone.

How to interpret it

  • A rising number means more SIMs in use. It can overstate unique users.

Why it matters for mobile money

  • Sets an upper bound on the reachable base for USSD and app services.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 49.5 per 100 people (2024).

Versus 2023: up 4.2%.

It has risen in each of the last two readings.

That is above the average of earlier readings (40.0).

SIM subscriptions grew faster than the population. This is an interpretation, not a proven effect.

What to watch next

  • Internet users
  • Adults with an account
  • Agent coverage (not yet available)

Data source

Source
World Bank / ITU, IT.CEL.SETS.P2
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Counts SIMs, not people. Operator-level or INCM data would be more precise.

Mobile subscriptions

49.5per 100 people▲ 4.2% vs 2023

-2.919.441.663.986.120052024

Internet users

What am I looking at?

Share of the population using the internet.

% of people, annual.

How to interpret it

  • Growth signals more people able to use app-based services. The gap versus mobile subscriptions hints at the share who rely on basic phones.

Why it matters for mobile money

  • Low internet use means USSD and agents remain central; higher use opens app and merchant QR opportunities.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 20.5 % of people (2024).

Versus 2023: up 0.6 percentage points.

It has risen in each of the last two readings.

That is above the average of earlier readings (7.7).

Internet use grew. This is an interpretation, not a proven effect.

What to watch next

  • Mobile subscriptions
  • Adults with an account
  • Income per person

Data source

Source
World Bank / ITU, IT.NET.USER.ZS
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Definitions of 'user' vary; no urban/rural split here.

Internet users

20.5% of people▲ 0.6 pts vs 2023

-2.14.310.717.123.520052024

Remittances received

What am I looking at?

Money sent home by workers living abroad, in millions of US dollars.

US$ million, annual.

How to interpret it

  • Rising inflows may support households that receive them. They are sensitive to the exchange rate and to migration patterns, especially to South Africa.

Why it matters for mobile money

  • Relevant to cross-border transfer products and to cash-in at the receiving end.
  • Official figures miss informal channels.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 265 US$ m (2025).

Versus 2024: down 0.6%.

Recent readings are mixed, with no clear direction.

That is above the average of earlier readings (173).

Recorded inflows fell. This is an interpretation, not a proven effect.

What to watch next

  • Exchange rate
  • Unemployment
  • Mobile subscriptions

Data source

Source
World Bank, BX.TRF.PWKR.CD.DT
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Counts formal, recorded flows only.

Remittances received

265US$ m▼ 0.6% vs 2024

2913924935946820062025

Jobs and income

Expected growth this year

What am I looking at?

Expected real GDP growth for the current year: how much larger the economy is projected to be after removing price rises.

Percent, annual projection.

How to interpret it

  • Growth under about 3% does not keep pace with population growth, so income per person stalls.
  • Forecasts are revised often; treat one number as a range.

Why it matters for mobile money

  • Faster growth may mean more employment and trade, which could support transaction activity and merchant acceptance.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 3.5 % (2026).

Only 1 reading available, which is not enough to describe a trend.

What to watch next

  • Realised GDP growth
  • Unemployment
  • Private credit

Data source

Source
IMF / AfDB projections; State Budget assumption
Status
Saved figure
Latest observation
2026
Last updated
2026-10-16
Frequency
Annual, revised several times a year
Method
Institutional projections.
Limitations
Saved figure; sources disagree (the State Budget assumes a different number). This is a saved figure collected 2026-10-16, not fetched live from the publisher.

Expected growth this year

3.5%

Economic growth, past years

What am I looking at?

Real GDP growth: the yearly change in the value of everything produced, after removing price changes.

Percent, annual.

How to interpret it

  • Compare with population growth (about 2.5% a year): lower growth means falling income per person.
  • Look for the trend over several years; single years can be driven by one project or disaster.

Why it matters for mobile money

  • Growth in trade, transport and services may expand the pool of merchants and payers.
  • Extractive growth does not always reach households.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: -0.5 % (2025).

Versus 2024: down 2.7 percentage points.

It has fallen in each of the last two readings.

That is below the average of earlier readings (5.3).

Growth slowed, which may weigh on incomes and jobs. This is an interpretation, not a proven effect.

What to watch next

  • Income per person
  • Unemployment
  • Private credit

Data source

Source
World Bank, NY.GDP.MKTP.KD.ZG
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Annual only; no quarterly or sector split here.

Economic growth, past years

-0.5%▼ 2.7 pts vs 2024

-2.90.74.38.011.620062025

Average income per person

What am I looking at?

Total output divided by population, in US dollars. A rough guide to income level, not what a typical person earns.

US$, annual.

How to interpret it

  • Rising means more output per person; it is sensitive to the exchange rate because it is in dollars.
  • Much of the economy is informal and not captured.

Why it matters for mobile money

  • Higher income per person may support larger and more frequent transactions, but averages hide wide differences across regions.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 627 US$ (2025).

Versus 2024: down 4.6%.

Recent readings are mixed, with no clear direction.

That is above the average of earlier readings (562).

Output per person fell in dollar terms, which may reflect weaker growth or a weaker currency. This is an interpretation, not a proven effect.

What to watch next

  • Exchange rate
  • Real GDP growth
  • Adults with an account

Data source

Source
World Bank, NY.GDP.PCAP.CD
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Dollar conversion mixes real changes with exchange-rate moves.

Average income per person

627US$▼ 4.6% vs 2024

40348656965273520062025

People without work

What am I looking at?

Share of people who want to work and cannot find a job (modelled estimate).

Percent, annual.

How to interpret it

  • Low does not mean secure: informal and part-time work is common and not counted as unemployment.
  • Watch the trend, not the level.

Why it matters for mobile money

  • Job conditions may influence inflows of salary and P2P transfers and customer reactivation.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 6.6 % (2025).

Versus 2024: down 0.0 percentage points.

Recent readings are mixed, with no clear direction.

That is above the average of earlier readings (4.2).

Joblessness fell, which may support household incomes, though job quality is not measured. This is an interpretation, not a proven effect.

What to watch next

  • GDP growth
  • Inflation
  • Remittances received

Data source

Source
World Bank / ILO modelled estimate, SL.UEM.TOTL.ZS
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised. Modelled, not a labour-force survey every year.
Limitations
Understates informal-sector hardship.

People without work

6.6%▼ 0.0 pts vs 2024

2.53.74.96.17.420062025

Government debt

What the government owes

What am I looking at?

All government debt as a percentage of one year of GDP.

% of GDP, annual.

How to interpret it

  • Above about 70% is high for a low-income country. More debt means more tax money on interest.
  • Sources disagree by a couple of points.

Why it matters for mobile money

  • Fiscal stress can feed into taxes, fees on payments and public spending; the link to wallet behaviour is indirect.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 74.7 % of GDP (2025).

Versus 2024: up 2.9 percentage points.

Recent readings are mixed, with no clear direction.

That is below the average of earlier readings (82.0).

Debt rose relative to the economy, which may increase fiscal pressure. This is an interpretation, not a proven effect.

What to watch next

  • Interest share of government revenue
  • Inflation
  • Exchange rate

Data source

Source
World Bank GC.DOD.TOTL.ZS plus latest national report
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
The latest point is a saved figure from the 2025 public debt report; another source says 72.2%.

What the government owes

74.7% of GDP▲ 2.9 pts vs 2024

67.377.086.696.2105.820162025

Trade with the world

Savings held abroad

What am I looking at?

Foreign currency and gold held by the central bank.

US$ billions, year-end.

How to interpret it

  • More reserves means more capacity to pay for imports and defend the metical.
  • Compare with months of imports.

Why it matters for mobile money

  • Low reserves can mean currency pressure, which may affect prices and cross-border flows.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: 3.84 US$ bn (2024).

Versus 2023: up 5.7%.

It has risen in each of the last two readings.

That is above the average of earlier readings (2.71).

Reserves rose, which may increase the central bank's room to support the currency. This is an interpretation, not a proven effect.

What to watch next

  • Exchange rate
  • Current account
  • Inflation

Data source

Source
World Bank, FI.RES.TOTL.CD
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Year-end snapshot; intra-year swings are hidden.

Savings held abroad

3.84US$ bn▲ 5.7% vs 2023

0.661.622.593.564.5220052024

Money in vs. money out

What am I looking at?

The gap between what the country earns abroad and what it pays out, as % of GDP. Negative means it spends more abroad than it earns.

% of GDP, annual.

How to interpret it

  • Large negative values rely on investment, loans or aid to fill the gap. Mozambique's gas projects distort it.
  • Look at the trend rather than one year.

Why it matters for mobile money

  • A large external gap can pressure the metical and import prices, which may affect customers' purchasing power.
  • These links are plausible, not proven; they need checking against internal data.

What the data suggests

Latest: -14.2 % of GDP (2025).

Versus 2024: down 3.3 percentage points.

It has fallen in each of the last two readings.

That is above the average of earlier readings (-21.9).

The deficit widened, which may add pressure on the currency. This is an interpretation, not a proven effect.

What to watch next

  • Exchange rate
  • Reserves
  • Remittances received

Data source

Source
World Bank, BN.CAB.XOKA.GD.ZS
Status
Fetched live on the last refresh
Latest observation
2025
Last updated
2026-10-16
Source published
2026-10-08
Frequency
Annual
Method
World Bank World Development Indicators, compiled from national statistics offices, the IMF and other agencies. Latest year is often revised.
Limitations
Heavily affected by one-off project imports.

Money in vs. money out

-14.2% of GDP▼ 3.3 pts vs 2024

-45.7-34.8-24.0-13.1-2.320062025