As of 2026, Mozambique GDP per capita was US$657 in 2024, according to the available figures. Total GDP was US$22.8 billion in 2024, while inflation was 4.1% in 2024 and unemployment was 6.6% in 2025. For investors, those figures define the scale of the Mozambican market and provide a baseline for assessing consumer-facing and capital-intensive opportunities.
At US$22.8 billion in 2024, Mozambique's economy is small in absolute terms. That matters for investors because market size affects potential revenue pools in sectors tied to domestic demand. A company evaluating distribution, retail, banking, telecommunications or infrastructure must consider whether the addressable market can support required capital and operating costs. The total GDP figure gives a top-down sense of that constraint.
GDP per capita of US$657 in 2024 adds a second constraint: average economic output per person is low. It does not mean there are no high-income segments or commercially viable niches, but it does mean that mass-market products and services must be priced for limited average purchasing power. Investors looking at Mozambique should therefore test unit economics against a per-capita figure of US$657 in 2024, not against regional averages or higher-income benchmarks.
Inflation of 4.1% in 2024 and unemployment of 6.6% in 2025 provide additional context. Inflation at that level means consumer prices rose by 4.1% in 2024. The unemployment figure gives a labour-market reference point for 2025. Measured unemployment of 6.6% in 2025 is a single-digit official rate, but investors should still examine sector-specific labour conditions and real wage trends before underwriting projects. Together, the four figures frame Mozambique as a low-GDP-per-capita market with a single-digit official unemployment rate.
For foreign investors, the practical implication is that Mozambique may suit selective, well-capitalised projects rather than broad, volume-led consumer plays. The small absolute GDP of US$22.8 billion in 2024 and the US$657 per-capita level in 2024 mean that revenue generation may depend on serving specific customer groups, export-oriented sectors or infrastructure-linked demand. Inflation and unemployment data help inform pricing, wage and demand assumptions, but they do not remove the central scale challenge shown by the 2024 GDP figures.
The main risk visible in the figures is that Mozambique's GDP per capita was US$657 in 2024, leaving limited domestic headroom for mass-market consumption. Investors should also watch inflation, which was 4.1% in 2024, because price pressures can affect real incomes when per-capita output is already low. The opportunity is that the same figures give a clear baseline for underwriting. A US$22.8 billion economy in 2024 and a US$657 per-capita level in 2024 can support targeted investments in sectors where spending is less dependent on average household income. Unemployment of 6.6% in 2025 is another variable to monitor, as it affects labour availability and wage expectations. The next updates to GDP, GDP per capita, inflation and unemployment will be key tests of whether Mozambique's investment case changes.
Mozambique's GDP per capita was US$657 in 2024. That figure is expressed in US dollars and sits alongside total GDP of US$22.8 billion in 2024. It is an average measure, not a direct indicator of household income.
The low per-capita figure reflects the relationship between Mozambique's total GDP of US$22.8 billion in 2024 and its population. When that output is spread across the population, it produces GDP per capita of US$657 in 2024. The figures therefore point to a small economy relative to many global markets.
Inflation in Mozambique was 4.1% in 2024, based on consumer prices. Unemployment was 6.6% of the labour force in 2025. These are the figures for those indicators in 2024 and 2025.
Mozambique's GDP per capita of US$657 in 2024, total GDP of US$22.8 billion in 2024, inflation of 4.1% in 2024 and unemployment of 6.6% in 2025 define a small, low-per-capita market that demands disciplined, targeted investment.
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