Mozambique: Industrial production to grow to almost €2,000 million this year – government

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Mozambique: Industrial production to grow to almost €2,000 million this year – government

12:21 CAT | 26 Jun 2025

FILE - For illustration purposes only. [File photo: AIM]

The Mozambican government expects industrial production to grow by 1.2% this year, to a value of 146,045 million meticais (€1,968 million), driven by the metallurgical sector, according to government data consulted by Lusa.

According to the government’s forecast, only the basic metallurgical industry expects a growth in production this year, up 1.5% to 41,443 million meticais (€558.5 million), representing 28.4% of the total, followed by the food industry, with an increase of 2%, to 40,287 million meticais (€542.9 million), and the beverage sector, with a further 1%, to 23,603 million meticais (€318 million).

Non-metallic mineral products production is next, with expected growth of 1.5% to 14,518 million meticais (€195.6 million) in 2025, and the chemical and synthetic fibre production industry, with a further 0.4%, to 7,626 million meticais (€102.7 million).

The forecast for global growth in industrial production of 1.2% compares with the initial estimate of 144,029 million meticais (€1,940 million) in 2024.

However, this industrial production, in the various sectors, ended up falling last year, according to budget execution data, to 113,304 million meticais (€1,526 million), against 151,292 million meticais (€2,038 million) in 2023, largely due to the social unrest, looting and strikes that followed the general elections of October 9.

In the State Budget recently approved in parliament, the Mozambican government forecasts GDP growth of 2.9% for 2025, an average annual inflation rate of 7%, and exports of goods worth US$8,431 million (€7,266 million).

Revenues are expected to rise to 385,871 million meticais (€5,199 million), equivalent to 25% of GDP, for total expenditure of 512,749 million meticais (€6,908 million), corresponding to 33.2% of GDP.

The budget deficit will be 8.2%, equivalent to 126,878 million meticais (€1,709 million), financed by issuing public debt.

Source: Lusa