The Mozambican economy expanded by 5% in 2023, surpassing the previous year’s growth of 4.4%. Meanwhile, inflation decreased to an average annual rate of 7.1%, below the projected 11.5%. Net international reserves exceeded expectations, covering 4.3 months of imports for goods and non-factor services, enhancing Mozambique’s balance of payments shock absorption capacity. State revenue constituted approximately 70% of internal resources in 2023, up from 64.3% in 2022, signaling a move towards long-term budget sustainability.