Mozambique GDP grows 2.3% in Q2 – INE

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Mozambique GDP grows 2.3% in Q2 – INE

9:27 CAT | 11 Sep 2019

Mozambique’s gross domestic product (GDP) grew 2.3% in the second quarter of this year compared to the same period of 2018, the National Institute of Statistics (INE) announced today.

This represents a slowdown from the previous quarter, when the economy grew by 2.5%, the latest INE National Accounts newsletter records.

The performance of economic activity in the second quarter of 2019 is led by the tertiary services sector, “which grew by 3.5%, most notably in the areas of transport, warehousing, ancillary transport, information and communications,” the document details.

In the period under review, and although not the most dynamic, “agriculture, livestock, hunting, forestry, logging, related activities and fishing were the largest contributors to the economy with a GDP share of 24.7%”.

According to the latest data from INE, the national economy grew 3.4% in 2018, compared to 3.7% in 2017.

Source: Lusa