Mozambique: GDP remains heavily dependent on the extractive industry and mining sector

Mozambican government figures published on March 1, 2024 show that the country’s gross domestic product (GDP) is heavily dependent on the mining industry and the mining sector, reaching 10.55% in 2022,to 32.58% in the first quarter of 2023 and 42.71% in the second quarter of the same year. According to the executive, no other sector of the economy has achieved a similar performance, and several sectors have seen the opposite result, namely construction, down 10.31%, manufacturing, down 7.77%, and fishing, down around 9.16%.