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Compared to the previous year, FDI in Mozambique had already grown by 2% in 2023 to just over USD2.50 billion (€2.3 billion). This performance compares with USD2.458 billion (€2.254 billion) in 2022. However, it is still far from the peak recorded in 2021, with investments in the area of natural gas production, which caused FDI in Mozambique to soar that year to almost USD 5.102 billion (€4.678 billion).
Mozambique secured USD 650.5 million in Foreign Direct Investment (FDI) in the first quarter, above the 2023 record, according to central bank data. This volume of FDI invested in the country resulted from shares and participations worth USD 51.5 million (€47.2 million) and capital in supplies and commercial credits worth USD 599 million (€549 million).
Compared to the previous year, FDI in Mozambique had already grown by 2% in 2023 to just over USD 2.50 billion (€2.3 billion). This performance compares with USD 2.458 billion (€2.254 billion) in 2022. However, it is still far from the peak recorded in 2021, with investments in the area of natural gas production, which caused FDI in Mozambique to soar that year to almost USD 5.102 billion (€4.678 billion).
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In 2023, the “major projects” category secured USD 2.087 billion (€1.913 billion) in FDI in the form of capital. Even so, FDI performance in 2023 exceeded the government’s projection of USD 1.425 billion (€1.306 billion). The Mozambican government estimates that FDI in the country should double in 2024, driven by the natural gas exploration business. The Mozambican government expects the country’s Gross Domestic Product (GDP) to grow by 5.5 % in 2024 to 1.536 trillion meticais (more than €22 billion).
