Mozambican economy grows 2.9% in third quarter

21 November 2017

Mozambique’s economy registered growth of 2.9% in the third quarter and accumulated growth in the first three quarters of the year of 3.0%, reported on Monday in Maputo the National Statistical Institute (INE).

The INE attributed the performance of economic activity in the third quarter of 2017 to the primary sector which grew by 10.1%, mainly the mining sub-sector with a variation of 19.4%, despite growth of the fisheries sub-sector of approximately 22.8%.

The second most influential was the tertiary sector, with growth of 3.2% driven by sub-sector of transport, storage and ancillary transport services and information and communications, with a contribution of approximately 6.7%.

The secondary sector had a negative variation of 4.9%, which was attributed by INE to the decline in the performance of the sub-sector of electricity, gas and water of around 4.7%. (macauhub)