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Mozambique: 3.68% economic growth in Q3 – INE
3:01 CAT | 28 Nov 2024
File photo: Notícias
The Mozambican economy grew by 3.68% in the third quarter of 2024, driven by the mining industry, according to the National Statistics Institute (INE) report on national accounts, consulted by Lusa on Wednesday.
According to the document, the gross domestic product at market prices showed a “positive variation of 3.68%” in the third quarter, when compared to the same period in 2023, “totalling 3.80%” until the end of September – the first nine months of the year.
“The performance of economic activity in the third quarter of 2024 is attributed, firstly, to the primary sector, which grew by 6.4%, with the mining industry standing out with a variation of 13.62%, followed by the agriculture, livestock, hunting, forestry and logging sectors, with a variation of 2.23%,” the document reads.
The document also reports that the fishing sector grew by 0.91% year-on-year in the third quarter.
The government’s official forecast is for Mozambique’s GDP to grow to 1.536 trillion (million million) meticais (€22.901 billion) in 2024, an increase, in percentage terms, of 5.5%.
Source: Lusa
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