Mozambique: “Per capita” GDP rises 50 percent in 4 years

24 February 2009

Namaacha, Mozambique, 24 Feb – Mozambique’s “per capita” Gross Domestic Product has risen 50 percent over the last four years, said Government spokesperson and Deputy Education Minister, Luís Covane in Namaacha.

Speaking on Monday on the first day of a two-day extended governmental meeting, Covane said that the “per capita” GDP was US$301 in 2004, had risen to US$356 dollars in 2006 and reached US$473 dollars in 2008.

At the meeting, which included provincial governors and some members of the parliamentary group Frelimo, the ruling party, as well as government members, the Prime Minister Luisa Diogo showcased government activity over the last four years.

Luis Covance also said that the macro-economic framework remained positive despite the recession in Europe and the US, adding that the economic growth rate was 7.9 percent in 2004 and 8.5 percent in 2006.

In 2008 there was a slowdown in the growth of the economy which still rose 6.5 percent, which, according to Covane, is above population growth, expected to be between 6 and 8 percent in 2009. (macauhub)