Mozambique’s economy outlook ranked fifth fastest growing in the World (2023)

According to the International Monetary Fund’s (IMF) World Economic Outlook report, Mozambique will grow by 7 per cent this year. If this estimate is confirmed, and according to the data in the same report, Mozambique will be the Sub-Saharan African country with the highest economic growth in 2023.

Here´s a list of Africa´s fastest growing economies in 2023:

Libya, 12.5% (-9.6% in 2022)
Mozambique, 7% (4.2% in 2022)
DRC, 6.7% (8.9% in 2022)
Ivory Coast, 6.2% (6.7% in 2022)
Ethiopia, 6.1% (6.4% in 2022)
Guinea, 5.9% (4.3% in 2022)
Gambia, 5.6% (4.3% in 2022)
Benin, 5.5% (6.3% in 2022)
Togo, 5.4% (5.8% in 2022)
Tanzania, 5.2% (4.7% in 2022)

Source: World Economic Outlook, IMF (October 2023) READ MORE HERE