Mozambique's Ministry of Finance presented an economic update at the 22nd Economic Briefing, reporting year over year gross domestic product growth of 1.7% in the second quarter of 2026 and an average 0.9% in the first half. The figures mark a reversal from the contractions recorded in 2025, but the ministry's current full year forecast of 0.6% remains well below the 2.8% initially included in the government plan and budget. Permanent Secretary Albertina Fruquia said growth opportunities remain in tourism, energy and services, while businesses continue to face constraints including limited access to inputs and foreign currency, high logistics costs and weak industrial demand. The government is prioritizing greater competitive participation by domestic companies in major projects, including liquefied natural gas developments, and expects businesses to meet tax obligations, invest in productivity and support employment.
2026-09-11Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance reports first half growth of 0.9% and a 2026 forecast of 0.6%
Mozambique's Ministry of Finance reported 0.9% average year over year GDP growth in the first half of 2026 and a full year forecast of 0.6%, down from the initial 2.8% projection. Foreign currency and input shortages, logistics costs and weak industrial demand remain constraints, while the government is seeking greater domestic business participation in major projects.