Mozambican economy grows 6.8 pct in second quarter

14 September 2011

Maputo, Mozambique, 14 Sept – The Mozambican economy posted growth of 6.8 percent in the second quarter of 2011 against the same period of 2010, according to preliminary estimates published in Maputo by the Mozambican National Statistics Institute (INE).

However, against the first quarter of this year gross domestic product (GDP) growth slowed by 1.3 percentage points, as in that quarter it posted growth of 8.1 percent according to INE.

The performance of Mozambican GDP in the second quarter was driven by the tertiary sector, which grew by 8.5 percent, driven by the sub-sectors of Transport and Communications, Retail and Repairs and Restaurants, which saw growth of 8.5 percent, 7.8 percent and 6.1 percent, respectively.

In its turn the primary sector posted growth of 7.5 percent, with a greater contribution from the sub-sectors of agriculture and livestock, hunting and silviculture, as well as fishing with growth of 7.8 percent and 6.1 percent, respectively. (macauhub)