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Lusa - Business News - Mozambique: Economy grows 2.3% in Q2 - INE




Maputo, Sep. 10, 2019 (Lusa) - Mozambique's Gross Domestic Product (GDP) grew 2.3% in the second quarter of this year compared to the same period of the previous year, the Mozambican National Statistics Institute (INE) said on Tuesday.
The figure represents a slowdown compared to the previous quarter in which the economy grew 2.5%, according to the INE's most recent National Accounts bulletin.
The economic performance in the second quarter of 2019 is led by the tertiary sector of services, which grew 3.5% with greater emphasis on transport, storage, auxiliary activities of transport, information and communications, according to the document.
In the period under review, and despite not being the most dynamic, agriculture, livestock, hunting and forestry-related activities and fishing, had the greatest effect on the economy with a share in GDP of 24.7%".
According to the most recent INE data, the Mozambican economy grew by 3.4% in 2018, compared to a growth of 3.7% in 2017.
LFO/IMYN // ADB.
Lusa

Agency : LUSA

Date : 2019-09-11 09:52:24







 

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