The monthly minimum wage in Mozambique depends on the respective industry. When it comes to consumer prices, the inflation rate in Mozambique is 4.4%. The currency of Mozambique is the Mozambican metical. There are several plural forms of the name "Mozambican Metical". These are Meticals, Meticais. The symbol used for this currency is MT and is abbreviated as MZN. The Mozambican metical is divided into centavo; There are 100 in a metric. Every year, consumers spend around US$7,600 million. The ratio of consumer spending to GDP in Mozambique is 0.05% and the ratio of consumer spending to world consumer market is 2.19%. Corporate tax in Mozambique is 32%. Personal income tax ranges from 0% to 32% depending on your specific situation and income level. VAT in Mozambique is 17%. In 2013, Mozambique received US$2096.9 million in foreign aid. In 2014, foreign aid amounted to USD 2084.9.
Gross domestic product The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Mozambique is US$31,213 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) in Mozambique was last seen at $1,022,416. PPP in Mozambique is considered very good in an international comparison. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Mozambique is 15,628 billion. Based on this statistic, Mozambique is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Mozambique was last at $511,912. The average citizen in Mozambique has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Mozambique averaged 8.3% in 2014. According to this percentage, Mozambique is currently experiencing significant growth. Significant growth countries offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.