Mozambican economic growth slows to 3.7% in 2017

9 February 2018

Mozambique’s economy recorded real growth of 3.7% in 2017, a contraction of 0.1 percentage points compared to the rate seen in 2016, the National Statistics Institute (INE) said on Thursday in Maputo.

INE added that this value was based on GDP estimates, calculated as the sum of the four quarters of 2017.

Economic performance in 2017 was mainly attributed to the primary sector, which grew by 9.0%, with the mining sector posting growth of 32.4%.

The tertiary or services sector ranked second with growth of 3.1%, driven by transport, warehousing and auxiliary transport, and information and communications with combined growth of about 5.2%.

In third place, with a decrease of 3.4%, is the secondary sector, which was influenced by the electricity, gas, and water with a drop of 7.1%. (macauhub)