Mozambique: Government Foresees Economic Growth of 9.5 Percent in 2029

Maputo — Mozambican government foresees an economic growth of 9.5 percent in 2029, which corresponds to a nominal Gross Domestic Product (GDP) of two trillion meticais (31.3 billion US dollars at the current exchange rate) for the first time.

The 2027 Fiscal Risks Report, released by the Ministry of Finance, will be driven by major gas projects. The government’s projections point to a gradual recovery in the economy, following estimated growth of just 0.6 percent in 2026, while growth is…