Gross Domestic Product Per Capita for Mozambique
PCAGDPMZA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
647.29
Year-over-Year Change
-5.60%
Date Range
1/1/1991 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Mozambique measures the total economic output of the country divided by its population. This metric is a key indicator of a country's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a widely used economic statistic that allows for comparisons of relative prosperity between countries. It provides insight into the overall productivity and wealth generation within Mozambique's economy.
Methodology
The data is calculated by the World Bank using official GDP and population figures reported by the Mozambican government.
Historical Context
GDP per capita is closely monitored by policymakers, international organizations, and investors to assess Mozambique's economic progress and guide policy decisions.
Key Facts
- Mozambique's GDP per capita was $512 in 2021.
- GDP per capita has grown by over 50% since 2010.
- Mozambique ranks 161st globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Mozambique measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and economic development, allowing for comparisons of relative prosperity between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official GDP and population figures reported by the Mozambican government.
Q: How is this trend used in economic policy?
A: GDP per capita is closely monitored by policymakers, international organizations, and investors to assess Mozambique's economic progress and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the official government reporting from Mozambique.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Mozambique (PCAGDPMZA646NWDB), retrieved from FRED.