Budget execution data indicates that 450,000 jobs were created in the country in 2023, up from the 381,759 initially projected, the Lusa news agency reported on Tuesday 2 April.
According to the agency, these figures indicate the cumulative number of jobs in the private sector as well as the public sector, surpassed by 2019’s performance of 478,904. The government’s goal is to create 2.9 million jobs by the end of 2024.
The Executive had previously announced that the country had recorded economic growth of 5 per cent in 2023 compared to 4.4 per cent in 2022, highlighting an “economic expansion” that exceeded the regional average of the Southern African Development Community (SADC).
“Economic growth for 2023 reached 5 per cent, compared to 4.4 per cent in 2022, driven by the extractive industries, tourism, agriculture, transport and communications, among others,” government spokeswoman Ludovina Bernardo said in February, moments after a meeting of the Council of Ministers at which the Economic and Social Plan and State Budget (PESOE) 2023 was reviewed.
According to the government, growth was the result of policies and reforms implemented during the year, especially the economic reforms adopted to make economic activity in the private sector “more dynamic” and to attract investment.
