Mozambican economic growth slows to 3.3% in 2018

1 March 2019

Estimates of Mozambique’s Gross Domestic Product point to economic growth of 3.3% in 2018, a drop of 0.47 percentage points compared with 2017, the National Statistics Institute (INE) said on Thursday.

The institute also reported that economic performance in 2018 was primarily driven by the primary sector, which grew by 7.0%, with the mining industry posting an increase of 14.4%.

The tertiary sector had the second best performance, with growth of 2.7%, driven by Transport, Storage and Auxiliary Transport Activities and Information and Communications, with combined growth of 4.7%.

The secondary sector took third place with growth of 1.6%, influenced by the Electricity, Gas and Water segment with growth of 3.3%. (Macauhub)