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Mozambique: GDP grows 3.26% in Q3 – INE
7:35 CAT | 22 Nov 2021
in file CoM
Mozambique’s gross domestic product (GDP) rose 3.36% in the third quarter, accelerating the upward trend registered since January, the National Statistics Institute (INE) announced on Wednesday.
“The Gross Domestic Product at market prices showed a positive variation of 3.36% in the third quarter of 2021, when compared to the same period of the year 2020, making up an accumulated growth of 1.78%,” reads the note on the quarterly national accounts.
The numbers leave the GDP at 32 basis points of the 2.1% target established by the State Budget for this year, but reinforce signs of recovery from the economic crisis caused by the Covid-19 pandemic.
“The performance of economic activity in the third quarter of 2021 is attributed in first place to the primary sector, which grew by 4.78%,” mainly driven by a 5.01% jump in mining extraction, the INE notes.
Source: Lusa
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