Ernst & Young expects Mozambique’s GDP to post average annual growth of 6.88 pct until 2017

7 June 2013

Mozambique’s Gross Domestic Product is expected to grow by an annual average of 6.88 percent between 2012 and 2017, according to projections published recently by the Ernst and Young consultancy.

In the “Ernst & Young’s Attractiveness Survey – Africa 2013,” the company said that Mozambique’s GDP until 2017 will post the second highest growth for all of Africa, outstripped only by Malawi, with 7 percent, and ahead of Angola and Rwanda, both with 6.5 percent.

According to the same study, in February of this year Mozambique was the seventh African country by number of infrastructure construction projects (31 projects worth over US$32 billion), on a list of 10 countries headed by South Africa (134 projects worth over US$129 billion).

Placing Mozambique, “amongst growth leaders in terms of attracts Foreign Direct Investment, since 2003,” alongside “Ghana, Nigeria, Kenya, Tanzania, Zambia, Mauritius and South Africa,” the study also shows that the country is in 13th place in terms of places preferred by investors to do business in Africa. (macauhub)