Maputo, May 14, 2026 (Lusa) – Mozambique ended last year with an economic recession of 0.52%, following 2.15% growth in 2024, the 2025 General State Account said, confirming a public accounts deficit of €1.356 billion.

This performance contrasts with the forecast of 2.9% economic growth, the Ministry of Finance document said. 

Post-election protests marked the year, causing destruction, business closures, and more than 400 deaths in clashes with the police starting in October 2024.

Although state revenues grew compared to 2024, they fell short of the projected 385.871 billion meticais (€5.163 billion), totalling 364.496 billion meticais (€4.877 billion). 

This represents 94.5% of the budgeted amount, while exports missed the target, reaching $7.794 billion (€6.665 billion).

Conversely, the government cut spending, executing only 89.6% of the planned expenditure. Costs amounted to 465.831 billion meticais (€6.235 billion), resulting in a deficit of 101.335 billion meticais (€1.356 billion), compared to the 134.164 billion meticais (€1.795 billion) initially budgeted (75.5%).

Mozambique’s Gross Domestic Product reached 1.509 trillion meticais (€20.202 billion) in 2025, the CGE said, and the report is now moving to parliament.

Mozambique's economy recovered in the final quarter of 2025, reversing four consecutive quarters of decline by growing 4.67%.

The previous period of economic growth occurred before the elections and the subsequent social unrest, with a 5.58% rise in the third quarter of 2024.

The government had forecast 2.9% economic growth for 2025, revised downwards from 1.9% in 2024.

PVJ/RYOL // ADB.

Lusa