Mozambique Economy Gains Traction in Q2

2026-08-27 08:44 By Luisa Carvalho 1 min. read

Mozambique’s gross domestic product grew 1.7% year-on-year in Q2 2026, picking up from a modest 0.1% expansion in the previous period and marking the third consecutive quarter of growth.

The tertiary sector led the expansion, growing 2.5%, driven by hotels and restaurants (+14.5%) and financial services (+4.2%).

The primary sector expanded 1.8%, supported by agriculture, livestock, forestry and related activities (+2.0%) and mining (+1.7%), while fishing declined 1.1%.

Meanwhile, the secondary sector contracted 6.0%, mainly due to an 11.2% drop in manufacturing, although electricity, gas and water distribution rose 7.1% and construction increased 0.8%.

On the demand side, household consumption and government spending grew 8.4% and 6.5%, respectively.

Also, net trade contributed positively to GDP growth, as exports (+5.1%) increased faster than imports (+3.1%).

Conversely, fixed investment declined by 16.5%, reflecting a decline in changes in inventories from the same period in 2025.



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Mozambique Economy Gains Traction in Q2
Mozambique’s gross domestic product grew 1.7% year-on-year in Q2 2026, picking up from a modest 0.1% expansion in the previous period and marking the third consecutive quarter of growth. The tertiary sector led the expansion, growing 2.5%, driven by hotels and restaurants (+14.5%) and financial services (+4.2%). The primary sector expanded 1.8%, supported by agriculture, livestock, forestry and related activities (+2.0%) and mining (+1.7%), while fishing declined 1.1%. Meanwhile, the secondary sector contracted 6.0%, mainly due to an 11.2% drop in manufacturing, although electricity, gas and water distribution rose 7.1% and construction increased 0.8%. On the demand side, household consumption and government spending grew 8.4% and 6.5%, respectively. Also, net trade contributed positively to GDP growth, as exports (+5.1%) increased faster than imports (+3.1%). Conversely, fixed investment declined by 16.5%, reflecting a decline in changes in inventories from the same period in 2025.
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The economy of Mozambique expanded by just 0.1% year-on-year in Q1 2026, following an upwardly revised 5.1% growth in the previous three-month period. This marked the second consecutive quarter of growth, albeit weak, following the recession caused by the crisis that followed the general elections of October 2024. Economic activity was driven by the tertiary sector, which rose 3.5%, led by hotels and restaurants (+5.1%) and trade and repair services (+4.5%). Transport, communications and financial services also contributed, while the secondary sector grew 3.2%, supported by utilities, manufacturing and construction. In contrast, the primary sector declined by 4.8%, weighed down by mining, which plunged 21.6%, despite gains in agriculture (+2.2%) and fishing (+0.9%).
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