Downturn continues to affect Mozambican fishing sector

19 July 2010

Maputo, Mozambique, 19 Jul – Mozambique’s fishing sector was the only sector to record a negative variation among the 15 analysed in the first quarter of the year, a period when it dropped 2.5 percent compared to the 9.5 percent rise in gross domestic product, the National Statistics Institute (INE) has indicated.

The fishing sector is one of the few to invariably register negative growth with respect to the contribution to Mozambique’s gross domestic product, the INE also communicated, cited by the Maputo-based daily Noticias.

In the first quarter of 2009, when many countries were affected by the financial crisis, the fishing sector fell 5.9 percent in annual terms, the biggest drop recorded in the three sectors with negative variation in that period. The others were industry (-1.5 percent) and hotels and restaurants (-4.6 percent).

With a potential based on 2,799 km of coastline and a huge variety of crustaceans, the fishing sector curiously has an almost insignificant presence of only 3 percent in Mozambique’s gross domestic product.

The average participation of national fishing in the GDP has been 2 percent, below the 3 percent verified in 2008 (according to figures from the National Directorate of Fishery Administration – DINAP). The lowest rates in recent years were recorded in 2007, when the sector’s contribution to GDP was only 1.7 percent. (macauhub)