{"id":44914,"date":"2023-08-16T19:18:54","date_gmt":"2023-08-16T19:18:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures"},"modified":"2023-08-16T20:21:21","modified_gmt":"2023-08-16T20:21:21","slug":"gdp-grows-at-4-67-in-q2-official-figures","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures","title":{"rendered":"GDP grows at 4.67% in Q2 \u2013 official figures"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s gross domestic product (GDP) grew 4.67% in the second quarter of 2023, driven by growth in the primary sector, according to the National Accounts report released by the Mozambican National Statistics Institute (INE) on Monday.<\/p>\n

This performance adds to the 4.17% registered from January to March, also in homologous terms, resulting in an accumulated economic growth in the first half of 4.42%, according to INE.<\/p>\n

The Mozambican economy is expected to grow by 5% in 2023, according to the government\u2019s forecast.<\/p>\n

In this report, INE adds that the performance of economic activity in the second quarter of 2023 is justified \u201cin the first place\u201d by the primary sector, which grew by 8.98% compared to the same period in 2022, \u201cwith greater emphasis\u201d on Mining Extraction Industry, with a variation of 42.71%, followed by the Agriculture, Livestock, Hunting, Silviculture and Forest Exploitation with around 3.11%.<\/p>\n

The tertiary sector followed, with a variation of 4.24%, with emphasis on the Transport, Storage and auxiliary activities of transport and Information and Communications branch, with a growth of 6.85%, followed by Hospitality and Restoration with a variation of 5.51%, while the Financial Services branch increased by 3.40%.<\/p>\n

Finally, there is the secondary sector, which fell, year-on-year, 6.52%, \u201cinduced by the Construction branch\u201d, with a negative variation of 10.43%, followed by the Manufacturing Industry branch, with a fall of 7.72% and, finally, the electricity, gas and water distribution branch, which fell by 0.18%.<\/p>\n

According to INE, the branches of Agriculture, Livestock, Hunting, Silviculture and Forest Exploitation and related activities \u201chad a greater participation in the economy\u201d, with a joint weight in the GDP of the second quarter of 25.89%, followed by the Transport, Storage branch and auxiliary activities of transport and Information and Communications, with a weight of 10.36%.<\/p>\n

In third place comes the Commerce and Repair Services branch, with 8.92% of the quarter\u2019s total GDP, followed by the Mining Industry branch, with 7.48%.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s gross domestic product (GDP) grew 4.67% in the second quarter of 2023, driven by growth in the primary sector, according to the National Accounts report released by the Mozambican National Statistics Institute (INE) on Monday. This performance adds to the 4.17% registered from January to March, also in homologous terms, resulting […]<\/p>\n","protected":false},"author":84,"featured_media":44913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-44914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nGDP grows at 4.67% in Q2 \u2013 official figures - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s gross domestic product (GDP) grew 4.67% in the second quarter of 2023, driven by growth in the primary sect ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDP grows at 4.67% in Q2 \u2013 official figures\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s gross domestic product (GDP) grew 4.67% in the second quarter of 2023, driven by growth in the primary sect ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-16T19:18:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T20:21:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1692199885.293006.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"747\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GDP grows at 4.67% in Q2 \u2013 official figures\",\"datePublished\":\"2023-08-16T19:18:54+00:00\",\"dateModified\":\"2023-08-16T20:21:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\"},\"wordCount\":318,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1692199885.293006.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/gdp-grows-at-4-67-in-q2-official-figures\",\"name\":\"GDP grows at 4.67% in Q2 \u2013 official figures - 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