English and Portuguese names work: gasolina, arroz, milho, câmbio. ↑↓ to move, Enter to open.

19 October 2026

Mozambique today

Inflation6.31 %−0.14 pts · Sept 2026 · Moçambique (8 cities)Food inflation8.69 %−0.22 pts · Sept 2026 · Moçambique (8 cities)USD/MZN63.84 MZN per USD−0.0% · 17 Oct 2026ZAR/MZN3.874 MZN per ZAR−0.3% · 17 Oct 2026MIMO policy rate (Banco de Moçambique)9.25 %unchanged · 17 Oct 2026Petrol (gasoline)93.69 MZN/L+12.1% on 7 May 2026Diesel116.25 MZN/L+45.5% on 7 May 2026Real GDP growth-0.5 %−2.67 pts · 2025Merchandise trade balance-1.66 US$ bn−65.3% · 2025

World prices that matter for Mozambique

Brent crude oil, daily126.55 US$/bbl+0.6% · 14 Oct 2026Gold4,319 US$/troy oz−2.1% · Sept 2026Aluminium3,283 US$/t+1.0% · Sept 2026Thermal coal (South Africa, Richards Bay)98 US$/t+1.4% · Sept 2026LNG (Japan import price)14.25 US$/mmbtu−6.7% · Sept 2026

Economic pulse

Publications and decisions are new releases; market moves are daily observations.

Trending over 12 months

Year-on-year change for current monthly and daily series only; annual statistics are not ranked.

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 is this?

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 read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • Inflation
  • Unemployment
  • Average transaction value (internal)

Data source

Source
World Bank, NE.CON.PRVT.CN and SP.POP.TOTL (Stats calculation)
Status
Calculated by Stats from the source series
Latest observation
2025
Last updated
2026-10-18
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

Household spending per person, per day is 78.1 MZN (2025), 242.8% higher than in 2006. Over the last year: −8.2%.

What people spend

What is this?

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 read it

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

What does the data say?

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).

Why does it matter?

  • 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 should I watch?

  • Food inflation
  • Inflation
  • Real spending

Data source

Source
World Bank and INE (Stats calculation)
Status
Calculated by Stats from the source series
Latest observation
2025
Last updated
2026-10-18
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 of an urban-only 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 2026-10-18; 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

Regional Intelligence

What is this?

A map of Mozambique's 11 provinces (Maputo Cidade and Maputo Província shown separately) with the province-level figures Stats could verify.

Each value is labelled Observed (published by a statistics office for that province), Calculated (simple arithmetic on observed values) or No data. Nothing is modelled or estimated.

How to read it

  • Colour shows the metric chosen above the map; darker means higher. It ranks provinces, it does not say how large the gaps are, so read the numbers in the panel.
  • Compare two provinces with Compare. Only rows where both have data are comparable; a missing row is a real gap, not a zero.
  • Population is from 2017 and spending from a survey in 2019/20. Neither is current; treat them as structure, not a live reading.

What does the data say?

Spending per person is highest in Maputo Cidade and Maputo Província, and lowest in Gaza, Nampula and Zambézia in the 2019/20 survey. Population is concentrated in Nampula and Zambézia.

The INE report's own text and its Quadro 4.2 disagree for Gaza and Zambézia; the table is used.

Inflation is published only for the cities of Maputo, Beira and Nampula, so no province shows a CPI value.

Why does it matter?

  • Population and spending suggest where the larger addressable markets might be and where customers may have less to transact with. Neither measures mobile money use.
  • Provincial mobile money activity, agent density, network coverage and poverty are not in this section because no verifiable province-level source was found. Add your own operator data to fill those gaps.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Urban share by province from the census tables
  • Provincial poverty rates (World Bank Poverty Assessment 2023)
  • FinScope or operator data for mobile money usage by province
  • INCM network coverage by province

Data source

Source
INE census 2017 (via Portal do Governo) and INE IOF 2019/20
Status
Saved figure
Latest observation
Census 2017; survey 2019/20
Last updated
2026-10-16
Frequency
Census every ten years; household budget survey every five or six years
Method
Values copied from the published tables with source, year and geography recorded in data/regional/*.json. Calculated rows are labelled.
Limitations
Population figures come from a secondary republication of INE and should be checked against the INE brochure. Survey spending is not adjusted for regional price differences. Province map outlines are schematic (Natural Earth).

Regional Intelligence

MaputoGazaInhambaneSofalaManicaTeteZambéziaNampulaNiassaC. DelgadoMaputo Cidade
1,120,8675,758,920 people

Shading is a ranking within the 11 provinces for the metric above. Outlines are schematic. All shaded values are observed.

IndicatorMaputo Cidade
Population1,120,867ObservedINE census, Aug 2017
Share of national population4.0%CalculatedCalculated: province ÷ national total, same census
Spending per person per month4,567 MZNObservedINE IOF survey, 2019/20, current prices
Spending vs national average+169.4%CalculatedCalculated against the national figure (1,695 MZN)
Spending change since 2014/15−10.3%CalculatedCalculated from two surveys; nominal, not adjusted for inflation
Urban share of populationNo dataNo dataRead the province tables in the INE 'Resultados Definitivos' brochure and add values with page numbers.
Poverty headcountNo dataNo dataTake the provincial headcount table from the World Bank Poverty Assessment (June 2023) or the INE/MEF poverty report and record year and poverty line.
Mobile money / financial inclusionNo dataNo dataAdd FinScope Mozambique provincial results if a verifiable copy is found; do not proxy from national Findex.
Mobile network coverageNo dataNo dataAsk INCM or check ITU/GSMA for provincial 3G/4G coverage, with date.
Inflation (city only)No dataNo dataCity data: INE publishes CPI for Maputo city. Stats holds no city series yet, and it would describe the city, not the province.

Observed: published by a statistics office for this province. Calculated: arithmetic on observed values. No data: no verifiable province-level source found; nothing is estimated. There are no modelled values in this section.

Cost of living

Official INE figures for Maputo only. INE publishes cities separately and Stats does not average them. Latest release: 2026-09.

Food and drink prices, Maputo

What is this?

How much more food and non-alcoholic drinks cost than a year ago.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Food is the largest part of a low-income household's budget, so this is the line they feel most.
  • Harvests and weather can move it for several months.

What does the data say?

Latest: 5.32 % (2026-09).

Versus 2026-08: down 0.19 percentage points.

Versus 2025-09 (a year earlier): down 5.37 percentage points.

It has fallen in each of the last two readings.

That is below the average of earlier readings (6.88).

Food price pressure is easing, though prices are still higher if the rate is positive. This is an interpretation, not a proven effect.

Why does it matter?

  • Households with less left after food may hold more cash for essentials and spend less on discretionary payments, especially in the lean season.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Transport prices
  • Merchant and bill-payment activity per active customer

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

Food and drink prices, Maputo

5.32%▼ 0.19 pts vs 2026-08

-2.952.277.5012.7317.95Jan 2023Sep 2026

Food and drink prices, Maputo is 5.32 % (2026-09), 2.93 points lower than in 2023-01.

Transport prices, Maputo

What is this?

How much more transport costs than a year ago: buying and running vehicles (including petrol and diesel) and fares for buses, chapas and taxis.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Fuel and fares move together; a jump often follows a fuel price change.
  • Transport is a large share of INE's basket in every city.

What does the data say?

Latest: 9.05 % (2026-09).

Versus 2026-08: up 0.45 percentage points.

Versus 2025-09 (a year earlier): up 12.00 percentage points.

It has risen in each of the last two readings.

That is above the average of earlier readings (2.68).

Getting around costs more than a year ago. This is an interpretation, not a proven effect.

Why does it matter?

  • Higher fares raise the cost of reaching cash-in/cash-out points and may increase remote payments over travelling.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Petrol and diesel prices
  • Exchange rate (fuel is imported)

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

Transport prices, Maputo

9.05%▲ 0.45 pts vs 2026-08

-5.51-0.205.1010.4015.71Jan 2023Sep 2026

Transport prices, Maputo is 9.05 % (2026-09), 1.41 points higher than in 2023-01.

Housing and utilities prices, Maputo

What is this?

How much more housing costs than a year ago: rent, repairs, water, electricity, gas and other household fuels.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Rent moves slowly; electricity, gas and fuels such as charcoal drive sudden changes.
  • See the electricity, gas and cooking fuel line for the volatile part.

What does the data say?

Latest: 1.19 % (2026-09).

Versus 2026-08: down 0.09 percentage points.

Versus 2025-09 (a year earlier): up 0.68 percentage points.

Recent readings are mixed, with no clear direction.

That is below the average of earlier readings (1.32).

Housing and utility cost growth is easing. This is an interpretation, not a proven effect.

Why does it matter?

  • Utility bills are a common bill-payment use case; higher bills raise the nominal size of such payments.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Electricity, gas and cooking fuel
  • Food prices

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

Housing and utilities prices, Maputo

1.19%▼ 0.09 pts vs 2026-08

-3.27-1.111.053.215.37Jan 2023Sep 2026

Housing and utilities prices, Maputo is 1.19 % (2026-09), 2.39 points lower than in 2023-01.

Electricity, gas and cooking fuel prices, Maputo

What is this?

How much more electricity, gas and other household fuels (such as charcoal) cost than a year ago.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • A sub-group of housing (INE group 045). Tariff changes show up as steps.
  • This is household energy, not petrol or diesel for vehicles.

What does the data say?

Latest: 2.38 % (2026-09).

Versus 2026-08: down 0.01 percentage points.

Versus 2025-09 (a year earlier): down 0.78 percentage points.

Recent readings are mixed, with no clear direction.

That is below the average of earlier readings (2.83).

Household energy cost growth is easing. This is an interpretation, not a proven effect.

Why does it matter?

  • Prepaid electricity top-ups are a major mobile payment use case; tariff changes alter their size.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Housing prices
  • Transport prices

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

Electricity, gas and cooking fuel prices, Maputo

2.38%▼ 0.01 pts vs 2026-08

-4.26-0.513.246.9910.74Jan 2023Sep 2026

Electricity, gas and cooking fuel prices, Maputo is 2.38 % (2026-09), 6.63 points lower than in 2023-01.

Phone and communication prices, Maputo

What is this?

How much more communication costs than a year ago: phone services and telecom equipment.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Communication prices change in steps when operators change tariffs or taxes, and are often flat for months.

What does the data say?

Latest: 0.45 % (2026-09).

Versus 2026-08: unchanged.

Versus 2025-09 (a year earlier): down 1.62 percentage points.

Recent readings are mixed, with no clear direction.

That is below the average of earlier readings (2.16).

Why does it matter?

  • Airtime and data costs affect how much customers spend on USSD and app sessions and on airtime purchases through wallets.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Mobile subscriptions
  • Internet users

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

Phone and communication prices, Maputo

0.45%

-0.221.152.533.905.27Jan 2023Sep 2026

Phone and communication prices, Maputo is 0.45 % (2026-09), 0.82 points lower than in 2023-01.

Petrol and diesel prices, Maputo

What is this?

Petrol and diesel prices for vehicles.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • INE does not publish pump fuel as its own price index. This card stays empty rather than estimate one.
  • Fuel does show up inside Transport (group 07), and diesel and petrol appear in INE's list of products that contributed most to price change.

What does the data say?

Where fuel appears in INE's product lists for Maputo (since December, to 2026-09):

Gasóleo para veículos de transporte pessoal: +0.65 points added to the price index.

Gasolina para veículos de transporte pessoal: +0.47 points added to the price index.

Why does it matter?

  • Fuel prices feed through fares and goods prices; see the Transport line and the contribution view.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Transport prices
  • Exchange rate

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
n/a
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
Not published as a series. One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure. INE does not publish petrol or diesel as a price index, so there is no series to show.

Petrol and diesel prices, Maputo

No data

All prices, Maputo

What is this?

Inflation for everything the city's households buy: how much more the same basket costs than a year ago.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Compare each category with this line: a category above it is pulling the average up.
  • A city index is not the national figure; cities differ.

What does the data say?

Latest: 4.14 % (2026-09).

Versus 2026-08: up 0.06 percentage points.

Versus 2025-09 (a year earlier): up 0.29 percentage points.

Recent readings are mixed, with no clear direction.

That is above the average of earlier readings (3.97).

Prices in this city are rising faster than a year ago. This is an interpretation, not a proven effect.

Why does it matter?

  • Nominal payment values rise with prices without more being bought, so compare against this line.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Food and transport lines
  • Policy rate

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

All prices, Maputo

4.14%▲ 0.06 pts vs 2026-08

-0.012.444.897.349.79Jan 2023Sep 2026

All prices, Maputo is 4.14 % (2026-09), 1.56 points lower than in 2023-01.

What is driving prices, Maputo

What is this?

Which spending categories added how many percentage points to the rise in a city's consumer prices, as published by INE.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Bars show points added to the change in the overall index. They add up to the total.
  • Month: contribution to that month's change only. Since December: contribution to the change from last December to now. Neither is a contribution to the year-on-year rate shown on the cards.

What does the data say?

Latest release: 2026-09. Total change in the price index that month: +0.19 points; since December: +3.65 points.

Largest contributors since December: Transport (+1.46), Food and drink (+0.77).

Why does it matter?

  • Shows which household costs are driving inflation in each city.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Category year-on-year cards
  • Next INE release

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Official INE release, loaded from the published tables
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
Latest release only; weights change each year. One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

What is pushing prices up, Maputo

Percentage points each spending group added to the change in the overall price index, to 2026-09. Published by INE; not the year-on-year rate.

  • Transport+1.46
  • Food and drink+0.77
  • Restaurants and hotels+0.53
  • Clothing and shoes+0.21
  • Housing and utilities+0.18
  • Other goods and services+0.16
  • Leisure and culture+0.16
  • Household goods+0.10
  • Communication+0.05
  • Education+0.03
  • Alcohol and tobacco+0.01
  • Health0.00
  • Total+3.65

Vehicle fuel is not published as a series. Among INE's top products since December: gasóleo para veículos de transporte pessoal +0.65; gasolina para veículos de transporte pessoal +0.47.

What 100 MZN buys, Maputo

What is this?

What the year-on-year change means for a like-for-like comparison: what cost 100 MZN a year ago costs today, and what 100 MZN now buys relative to a year ago.

Percent, year-on-year, monthly, for the selected city.

How to read it

  • Costs today = 100 × (1 + year-on-year change). Buying power = 100 ÷ (1 + year-on-year change).
  • This measures price change only. It says nothing about incomes: no wage or income series has been sourced, so a change in households' real purchasing power cannot be stated.

What does the data say?

Derived by Stats from INE's year-on-year figures for the latest month. It is a price comparison, not a measure of household income.

Why does it matter?

  • A proxy for the squeeze on a fixed nominal amount, for example a transfer or a wallet balance, in each category.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Income data (not yet sourced)

Data source

Source
INE (Instituto Nacional de Estatística), Índice de Preços no Consumidor, Quadros
Status
Calculated by Stats from the source series
Latest observation
2026-09
Last updated
2026-10-17
Source published
2026-10-09 (date INE posted the file)
Frequency
Monthly
Method
Year-on-year change of the category's price index (base 2023=100), as published by INE for one city. Not calculated by Stats. Source file: IPCMaputo_Quadros Setembro26.xlsx.
Limitations
Derived from INE year-on-year figures; assumes the household buys INE's basket. One city only: INE publishes Maputo, Beira and Nampula separately and Stats does not average them. Urban prices; not a rural measure.

What 100 MZN buys, Maputo (a price proxy, not income)

CategoryPrices vs a year agoCosts today what cost 100 MZN100 MZN now buys
Food and drink prices+5.32%105.3 MZN94.9%
Transport prices+9.05%109.0 MZN91.7%
Housing and utilities prices+1.19%101.2 MZN98.8%
Electricity, gas and cooking fuel prices+2.38%102.4 MZN97.7%
Phone and communication prices+0.45%100.4 MZN99.6%
All prices+4.14%104.1 MZN96.0%

Derived by Stats from INE year-on-year figures. Measures price change only: no wage or income series is included, so real purchasing power of households is not stated.

Prices and money

How fast prices are rising

What is this?

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 read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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 (base 2023=100); INE publishes city indices (Maputo, Beira, Nampula) and a national index over several cities.
Limitations
Urban prices only; not a rural measure. The headline figure here is a saved value, not read from the INE release. 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 prices are rising is 6.31 % (2026-09), 0.89 points lower than in 2026-05. It is the lowest in the period shown.

How fast food prices are rising

What is this?

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

Percentage, monthly.

How to read 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.

What does the data say?

Latest: 8.69 % (2026-09).

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

Why does it matter?

  • 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 should I watch?

  • 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
Urban prices only. 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

How fast food prices are rising is 8.69 % (2026-09), 0.22 points lower than in 2026-08. It is the lowest in the period shown.

Central bank interest rate

What is this?

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 read 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.

What does the data say?

Latest: 9.25 % (2026-10-18).

Versus 2026-10-16: unchanged.

Recent readings are mixed, with no clear direction.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
Last updated
2026-10-18
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 18, 2026

Central bank interest rate has not changed over the period shown: 9.25 % since 2026-07-29.

Cost of a US dollar

What is this?

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

Daily.

How to read it

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

What does the data say?

Latest: 63.73 MZN (2026-10-18).

Versus 2026-10-17: down 0.0%.

Recent readings are mixed, with no clear direction.

The metical strengthened, which may ease import prices and slightly reduce the local value of remittances. This is an interpretation, not a proven effect.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
Last updated
2026-10-18
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

63.73MZN▼ 0.0% vs 2026-10-17

63.1863.3463.5063.6563.81Jul 22, 2026Oct 18, 2026

Cost of a US dollar is 63.73 MZN (2026-10-18), 0.8% higher than in 2026-07-22.

Money and credit

Bank lending rate

What is this?

The average interest rate banks charge borrowers.

Percent per year, annual average.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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 lending rate is 17.5 % (2025), 1.03 points lower than in 2006.

Bank deposit rate

What is this?

The average interest banks pay on deposits.

Percent per year, annual average.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Bank deposit rate is 5.8 % (2025), 4.60 points lower than in 2006. It is the lowest in the period shown.

Broad money (M2)

What is this?

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 read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Broad money (M2) is 59.4 % of GDP (2025), 37.07 points higher than in 2006. It is the highest in the period shown.

Credit to the private sector

What is this?

Bank lending to households and firms relative to GDP.

% of GDP, annual.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Credit to the private sector is 18.3 % of GDP (2025), 8.36 points higher than in 2006.

Digital economy

Adults with an account

What is this?

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 read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Adults with an account is 54.4 % of adults (2024), 12.72 points higher than in 2017. It is the highest in the period shown.

Mobile subscriptions

What is this?

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 read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Mobile subscriptions is 49.5 per 100 people (2024), 568.4% higher than in 2005. Over the last year: +4.2%.

Internet users

What is this?

Share of the population using the internet.

% of people, annual.

How to read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Internet users is 20.5 % of people (2024), 19.67 points higher than in 2005. It is the highest in the period shown.

Remittances received

What is this?

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

US$ million, annual.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Remittances received is 265 US$ m (2025), 231.6% higher than in 2006. Over the last year: −0.6%.

Registered mobile money accounts

What is this?

REGISTERED mobile money accounts: accounts opened with providers (Vodacom M-Pesa, Movitel e-Mola, mKesh and others), as reported to the IMF.

Millions of accounts at year-end. This is NOT active accounts: dormant and duplicate accounts are included.

How to read it

  • Growth shows how fast registration is spreading, not how many people use mobile money.
  • Compare with transactions: if accounts grow faster than transactions, the average account may be less active.

What does the data say?

Latest: 20.5 million (2024).

Versus 2023: up 22.2%.

It has risen in each of the last two readings.

That is above the average of earlier readings (8.2).

Registered accounts grew, which may reflect new sign-ups or promotions rather than more usage. This is an interpretation, not a proven effect.

Why does it matter?

  • An upper bound on the base that could transact. Your own registered-to-active ratio will be lower.
  • Do not mix this with active-customer counts from operators.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Active mobile money accounts (manual entry)
  • Transactions per year
  • Registered accounts per 100 adults

Data source

Source
IMF Financial Access Survey, registered mobile money accounts
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Registered, not active. Definitions can change between survey rounds and past values can be revised. Ends at the last IMF release.

Registered mobile money accounts

20.5million▲ 22.2% vs 2023

-0.15.711.517.323.120132024

Registered mobile money accounts is 20.5 million (2024), 687.2% higher than in 2013. Over the last year: +22.2%. This is the highest level in the period shown.

Registered accounts per 100 adults

What is this?

REGISTERED mobile money accounts per 100 adults. The IMF publishes this per 1,000 adults; Stats divides by 10.

Accounts per 100 adults, year-end.

How to read it

  • Above 100 does not mean everyone has an account: one person can hold several accounts across providers.
  • It is not the share of adults with mobile money; use Adults with an account for a survey-based share.

What does the data say?

Latest: 106.4 per 100 adults (2024).

Versus 2023: up 18.1%.

It has risen in each of the last two readings.

That is above the average of earlier readings (49.6).

Registered accounts grew faster than the adult population. This is an interpretation, not a proven effect.

Why does it matter?

  • A rough saturation signal: very high values suggest growth must come from usage per account rather than new registrations.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Adults with an account
  • Registered accounts
  • Mobile subscriptions

Data source

Source
IMF Financial Access Survey, registered mobile money accounts per 1,000 adults
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Registered, not active; duplicates across providers inflate it. Adult population is an IMF estimate.

Registered accounts per 100 adults

106.4per 100 adults▲ 18.1% vs 2023

6.134.462.891.2119.520132024

Registered accounts per 100 adults is 106.4 per 100 adults (2024), 455.5% higher than in 2013. Over the last year: +18.1%. This is the highest level in the period shown.

Active mobile money accounts

What is this?

ACTIVE mobile money accounts: accounts with at least one transaction within a stated window (often 30 or 90 days; the window must be recorded with each figure).

Millions of accounts. Filled by hand from data/manual/mobile-money.json.

How to read it

  • Active accounts are the usable customer base. Always read them with the activity window; 30-day and 90-day counts are not comparable.
  • The ratio of active to registered accounts is more informative than either alone.

What does the data say?

No verified figure has been entered yet. Add one with its source and definition to data/manual/mobile-money.json; nothing is estimated.

Why does it matter?

  • This is the closest public analogue of your active-customer base. No free machine-readable source exists, so nothing is shown until a verified figure is entered.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Registered accounts
  • Banco de Moçambique account total
  • Transactions per year

Data source

Source
Manual entry (Banco de Moçambique, INCM or operator reports)
Status
Saved figure
Latest observation
n/a
Last updated
n/a
Frequency
Irregular; whenever a source publishes
Method
Each entry records value, observation date, publication date, source URL and the source's own definition.
Limitations
Only figures read directly from a published source are entered; none are estimated. No figure entered yet.

Active mobile money accounts

No data

Mobile money accounts (Banco de Moçambique)

What is this?

The mobile money account total in Banco de Moçambique's quarterly Financial Inclusion Indicators.

Millions of accounts. The release does not state whether these are registered or active.

How to read it

  • Treat it as a separate series. It is larger than the IMF's 2024 registered figure partly because it is a later date (end 2025), and definitions may differ.
  • Only one reading is held, so no trend is shown.

What does the data say?

Latest: 25.4 million (2025-12-31).

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

Why does it matter?

  • Useful as a recent cross-check on scale, but do not compute active ratios from it.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Registered mobile money accounts (IMF)
  • Active accounts (manual entry)
  • Registered agents

Data source

Source
Banco de Moçambique, Financial Inclusion Indicators
Status
Saved figure
Latest observation
2025-12-31
Last updated
2026-03-17
Source published
2026-03-17
Frequency
Quarterly
Method
Highlights page of the quarterly release; figures typed in by hand.
Limitations
Press highlight only, with no machine-readable file found. Registered versus active is not stated. Entered by hand from the published source. Banco de Moçambique, Financial Inclusion Indicators Q4 2025: 'mobile money accounts' rose 6.0% to 25.4 million. The release does not say whether this counts registered or active accounts, so it is not comparable with either series.

Mobile money accounts (Banco de Moçambique)

25.4million

Mobile money transactions per year

What is this?

The number of mobile money transactions made during the year, as reported to the IMF.

Millions of transactions per year. Transaction types covered follow the IMF survey definition.

How to read it

  • Rapid growth means more usage, but transactions count payments, transfers and cash-in/out alike.
  • Divide by registered accounts for a rough yearly frequency; that mixes registered and active, so it understates activity per active user.

What does the data say?

Latest: 2,521 million (2024).

Versus 2023: up 48.2%.

It has risen in each of the last two readings.

That is above the average of earlier readings (563).

Transaction counts grew, which may reflect more usage or a shift of payments onto mobile money. This is an interpretation, not a proven effect.

Why does it matter?

  • A yearly activity level for the whole sector, not for one operator.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Value of transactions
  • Registered accounts
  • Registered agents

Data source

Source
IMF Financial Access Survey, mobile money transactions (reference year)
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Sector total. Does not split by type, operator or channel. Revisions are possible.

Mobile money transactions per year

2,521million▲ 48.2% vs 2023

-3724451,2632,0812,89920142024

Mobile money transactions per year is 2,521 million (2024), 49200.3% higher than in 2014. Over the last year: +48.2%. This is the highest level in the period shown.

Value of mobile money transactions

What is this?

The value of mobile money transactions during the year as a percentage of GDP.

% of GDP, annual. It is a flow of money passing through wallets, not money stored in them.

How to read it

  • Values near or above 100% are possible because the same money can change hands many times.
  • Compare with the transaction count: value per transaction rising means larger payments.

What does the data say?

Latest: 126.6 % of GDP (2024).

Versus 2023: up 38.2 percentage points.

It has risen in each of the last two readings.

That is above the average of earlier readings (35.2).

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

Why does it matter?

  • Shows how large the flows are against the economy. The meticais series ends earlier, so Stats uses the GDP share.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Transactions per year
  • Inflation
  • Household spending

Data source

Source
IMF Financial Access Survey, value of mobile money transactions (% of GDP)
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Depends on the GDP figure used by the IMF; GDP revisions change past values.

Value of mobile money transactions

126.6% of GDP▲ 38.2 pts vs 2023

-18.822.363.4104.5145.620142024

Value of mobile money transactions is 126.6 % of GDP (2024), 126.40 points higher than in 2014. It is the highest in the period shown.

Registered mobile money agents

What is this?

REGISTERED mobile money agent outlets reported to the IMF.

Number of outlets, year-end. Registered is not active; some agents may rarely serve customers.

How to read it

  • Growth means more places to cash in and out. Fast growth can dilute the volume per agent.
  • Read it with density per 100,000 adults and with transactions.

What does the data say?

Latest: 315,005 agents (2024).

Versus 2023: up 40.2%.

It has risen in each of the last two readings.

That is above the average of earlier readings (65,745).

More agent outlets were registered. This is an interpretation, not a proven effect.

Why does it matter?

  • Agent presence supports cash-in and cash-out access, especially outside towns. An active-agent count is not available.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Agents per 100,000 adults
  • Transactions per year
  • Registered accounts

Data source

Source
IMF Financial Access Survey, registered mobile money agent outlets
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Registered, not active. Agents of several providers may be counted separately.

Registered mobile money agents

315,005agents▲ 40.2% vs 2023

-41,42859,303160,034260,765361,49620132024

Registered mobile money agents is 315,005 agents (2024), 6121.7% higher than in 2013. Over the last year: +40.2%. This is the highest level in the period shown.

Registered agents per 100,000 adults

What is this?

REGISTERED mobile money agent outlets per 100,000 adults.

Outlets per 100,000 adults, year-end.

How to read it

  • Higher means more outlets for the adult population on average; it hides gaps between cities and rural areas.

What does the data say?

Latest: 1,638 per 100k adults (2024).

Versus 2023: up 35.5%.

It has risen in each of the last two readings.

That is above the average of earlier readings (381).

Agent coverage per adult improved. This is an interpretation, not a proven effect.

Why does it matter?

  • A national average only; district-level coverage is not available from this source.
  • These links are plausible, not proven; they need checking against internal data.

What should I watch?

  • Registered agents
  • Registered accounts per 100 adults
  • Mobile subscriptions

Data source

Source
IMF Financial Access Survey, registered mobile money agent outlets per 100,000 adults
Status
Fetched live on the last refresh
Latest observation
2024
Last updated
2026-10-18
Frequency
Annual; the survey is released once a year
Method
IMF Financial Access Survey (annual, supply-side data reported by national authorities), mirrored by FRED. The IMF requires citation.
Limitations
Registered, not active. National average.

Registered agents per 100,000 adults

1,638per 100k adults▲ 35.5% vs 2023

-2033178381,3581,87820132024

Registered agents per 100,000 adults is 1,638 per 100k adults (2024), 4290.2% higher than in 2013. Over the last year: +35.5%. This is the highest level in the period shown.

Jobs and income

Expected growth this year

What is this?

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 read 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.

What does the data say?

Latest: 3.5 % (2026).

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

Why does it matter?

  • 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 should I watch?

  • 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 is this?

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

Percent, annual.

How to read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Economic growth, past years is -0.5 % (2025), 10.43 points lower than in 2006.

Average income per person

What is this?

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

US$, annual.

How to read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Average income per person is 627 US$ (2025), 37.0% higher than in 2006. Over the last year: −4.6%.

People without work

What is this?

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

Percent, annual.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

People without work is 6.6 % (2025), 3.59 points higher than in 2006.

Government debt

What the government owes

What is this?

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

% of GDP, annual.

How to read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

What the government owes is 74.7 % of GDP (2025), 17.54 points lower than in 2016.

Trade with the world

Savings held abroad

What is this?

Foreign currency and gold held by the central bank.

US$ billions, year-end.

How to read it

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

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Savings held abroad is 3.84 US$ bn (2024), 248.5% higher than in 2005. Over the last year: +5.7%.

Money in vs. money out

What is this?

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 read 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.

What does the data say?

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.

Why does it matter?

  • 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 should I watch?

  • 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
2026-10-18
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

Money in vs. money out is -14.2 % of GDP (2025), 6.30 points lower than in 2006.