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Economy of Albania vs Mozambique compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $22.7B for Mozambique, ranking 112/197 and 123/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Albania vs Mozambique GDP by year

Albania
Mozambique
1x
Year GDP, current $
Albania Mozambique
2024 $27,046,429,297 $22,745,341,305
2023 $23,491,242,727 $20,921,079,533
2022 $19,017,247,014 $18,883,528,581
2021 $18,031,989,573 $16,168,055,475
2020 $15,241,458,745 $14,235,420,174
2019 $15,585,111,614 $15,512,759,047
2018 $15,379,508,330 $15,017,358,953
2017 $13,258,268,436 $13,264,640,646
2016 $11,988,668,785 $12,069,051,237
2015 $11,470,171,827 $16,208,985,770
2014 $13,296,322,588 $17,978,246,586
2013 $12,796,985,886 $17,198,073,057
2012 $12,246,499,748 $16,688,114,144
2011 $12,973,755,875 $14,619,279,989
2010 $12,086,545,641 $11,411,894,724
2009 $12,335,540,656 $12,263,894,790
2008 $13,258,506,375 $12,920,340,965
2007 $11,116,937,870 $10,811,456,006
2006 $9,150,528,132 $9,509,835,537
2005 $8,256,658,250 $8,868,504,900
2004 $7,406,645,793 $7,937,255,565
2003 $5,801,712,040 $6,583,526,861
2002 $4,515,003,117 $5,950,769,427
2001 $4,059,064,033 $5,650,154,067
2000 $3,584,570,165 $5,930,685,215
1999 $3,283,941,510 $6,285,219,691
1998 $2,600,356,999 $5,551,118,149
1997 $2,293,666,030 $4,873,663,775
1996 $3,234,486,232 $4,030,146,135
1995 $2,905,092,799 $3,061,646,174
1994 $1,880,950,864 $2,958,108,170
1993 $1,185,315,468 $2,883,161,897
1992 $652,174,991 $2,798,696,511
1991 $1,099,559,028 $3,854,856,435
1990 $2,028,553,750 -
1989 $2,253,090,000 -
1988 $2,051,236,250 -
1987 $2,080,796,250 -
1986 $2,097,326,250 -
1985 $1,897,050,117 -
1984 $1,857,337,995 -
1983 $1,881,412,587 -
1982 $1,861,163,170 -
1981 $1,808,177,156 -
1980 $1,578,102,105 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/mozambique | CC BY

GDP per capita in Albania vs Mozambique by year

Albania
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $657 $1,705
2023 $9,731 $24,822 $622 $1,678
2022 $7,757 $22,138 $578 $1,582
2021 $7,242 $18,213 $510 $1,457
2020 $6,028 $16,288 $462 $1,412
2019 $6,069 $16,442 $519 $1,389
2018 $5,898 $15,055 $518 $1,326
2017 $5,006 $14,111 $471 $1,283
2016 $4,458 $13,056 $441 $1,379
2015 $4,200 $12,387 $611 $1,318
2014 $4,794 $11,788 $697 $1,166
2013 $4,543 $10,882 $687 $1,114
2012 $4,281 $10,609 $686 $1,076
2011 $4,466 $10,273 $618 $1,064
2010 $4,149 $9,755 $496 $1,000
2009 $4,214 $9,031 $548 $951
2008 $4,499 $8,469 $592 $916
2007 $3,743 $7,585 $508 $862
2006 $3,058 $6,753 $457 $798
2005 $2,742 $6,014 $437 $721
2004 $2,447 $5,595 $400 $673
2003 $1,909 $5,169 $339 $620
2002 $1,480 $4,840 $314 $580
2001 $1,326 $4,451 $305 $533
2000 $1,160 $3,978 $327 $472
1999 $1,056 $3,549 $354 $468
1998 $831 $3,086 $320 $422
1997 $729 $2,760 $287.5 $387
1996 $1,021 $3,054 $244.4 $350
1995 $911 $2,777 $191.8 $321
1994 $586 $2,385 $196.8 $326
1993 $367 $2,143 $205.2 $321
1992 $200.9 $1,899 $205.6 $292
1991 $337 $1,989 $288.7 $315
1990 $617 $2,656 - $296
1989 $698 - - -
1988 $653 - - -
1987 $675 - - -
1986 $694 - - -
1985 $640 - - -
1984 $639 - - -
1983 $662 - - -
1982 $668 - - -
1981 $663 - - -
1980 $591 - - -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/mozambique | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Mozambique ranks 192nd at $1,705.

Economic indicators

Albania Mozambique
Gross domestic product
$27B
2024
$22.7B
2024
GDP rank
112/197
2024
123/197
2024
GDP growth
4.05%
2023-2024
2.15%
2023-2024
GDP per capita
$11,378
2024
$657
2024
GDP per capita rank
82/197
2024
189/197
2024
GDP per capita, PPP
$26,702
2024
$1,705
2024
GDP per capita PPP rank
79/197
2024
192/197
2024
Government debt
$15.2B
2024
$21.2B
2024
Debt-to-GDP ratio
56%
2024
93.2%
2024
Government debt per person
$6,375
2024
$612
2024
Government debt per person rank
72/185
2024
159/185
2024
Average annual personal income after taxes
$9,075
2026
$1,778
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
40.8%
2022
Income share by poorest 10%
3.4%
2020
1.7%
2022
Government expenditure, % of GDP
28.9%
2024
33.2%
2024
Consumer prices inflation
2.2%
2023-2024
3.2%
2023-2024
Central bank interest rate
2.5%
2025
9.75%
2025
Unemployment rate
10.7%
2023
6.79%
2022
Population
2342753
36941128

Spending and national debt comparison by year

Albania
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Albania Mozambique
Government spending Government debt Government spending Government debt
2024 28.9% 56% 33.2% 93.2%
2023 28.5% 58% 33.3% 90.9%
2022 30.3% 65.2% 32.9% 100.3%
2021 31.9% 74.8% 32.1% 104.3%
2020 32.4% 75.4% 33.9% 120%
2019 28.8% 66.6% 28% 98.3%
2018 28.7% 68.5% 32.9% 105.5%
2017 29.2% 71.9% 29.5% 103.8%
2016 29.1% 73.3% 29.1% 124.8%
2015 30.8% 73.7% 32.2% 86%
2014 31.7% 72% 39.7% 63.4%
2013 29.2% 70.4% 31.7% 49.5%
2012 28.2% 62.1% 28.1% 36.7%
2011 28.9% 59.4% 28.9% 34.2%
2010 29.4% 57.7% 26.7% 38.6%
2009 32.7% 59.7% 25.7% 39.3%
2008 31.7% 55.1% 21.3% 32.8%
2007 29.3% 53.6% 20.9% 31.2%
2006 29.2% 56.7% 20.1% 40%
2005 28.9% 58.2% 17% 60.1%
2004 30.2% 57.5% 17.8% 50.8%
2003 29.7% 60.2% 18.6% 63.2%
2002 31.5% 64.1% 18.6% 63.4%
2001 32.7% 60.6% 20.8% 99.8%
2000 33.8% 63.8% 17.2% 95.8%
1999 37.1% 68.2% 15.6% 94.7%
1998 36.8% 71.2% 14.9% -
1997 30.3% 72.2% 16.5% -
1996 - - 14.9% -
1995 - - 18.8% -
1994 - - 22.9% -
1993 - - 20.7% -
1992 - - 21.1% -
1991 - - 17.3% -
1990 - - 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/mozambique | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 56% in Albania and 93.2% in Mozambique, ranking 94/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Mozambique
1x
Year Deficit/surplus, % of GDP
Albania Mozambique
2024 -0.72% -6.17%
2023 -1.32% -4.26%
2022 -3.64% -5.22%
2021 -4.57% -5.23%
2020 -6.67% -6.19%
2019 -1.92% 1.7%
2018 -1.6% -7.39%
2017 -1.41% -2.9%
2016 -1.5% -5.42%
2015 -4.32% -6.55%
2014 -5.46% -9.75%
2013 -5.22% -2.46%
2012 -3.44% -3.45%
2011 -3.52% -4.34%
2010 -3.52% -3.5%
2009 -6.59% -4.35%
2008 -4.88% -1.9%
2007 -3.18% -2.19%
2006 -3.26% -3.03%
2005 -3.46% -2.06%
2004 -5.16% -3.17%
2003 -5.01% -2.64%
2002 -6.21% -3.36%
2001 -6.84% -4.43%
2000 -7.77% -1.26%
1999 -8.84% -0.31%
1998 -9.93% -1.08%
1997 -11.9% -1.81%
1996 - -2.07%
1995 - -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/mozambique | CC BY

In 2024, Albania's government deficit, the difference between spending and revenue, was $196M, equivalent to 0.72% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Mozambique ran a deficit in 27 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 3.67% of GDP for Mozambique.

Inflation comparison by year

Inflation
Albania

Mozambique
1x
Year Consumer prices inflation
Albania Mozambique
2024 2.2% 3.2%
2023 4.8% 7%
2022 6.7% 10.4%
2021 2% 6.6%
2020 1.6% 0.9%
2019 1.4% 5.7%
2018 2% 3.2%
2017 2% 15.8%
2016 1.3% 18.4%
2015 1.9% 3.6%
2014 1.6% 2.6%
2013 1.9% 4.3%
2012 2% 2.6%
2011 3.4% 11.2%
2010 3.6% 12.4%
2009 2.2% 3.8%
2008 3.3% 14.5%
2007 3% 10.4%
2006 2.4% 13.2%
2005 2.4% 6.4%
2004 2.9% 12.6%
2003 2.4% 13.5%
2002 5.2% 16.8%
2001 3.1% 9.1%
2000 0% 12.7%
1999 0.4% 2.9%
1998 20.6% 1.5%
1997 33.2% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/albania/mozambique | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 8.31% in Mozambique. In 2024, inflation was 2.2% in Albania and 3.2% in Mozambique.

Top exports between countries

Albania
Export category Export value
Chemicals & pharma $285K
Metals $73K
Machinery & equipment $43K
Miscellaneous $22K
Wood & paper products $5K
Textiles & consumer goods $4K
Mozambique
Export category Export value
Animal & marine products $1K
Processed food, beverages & tobacco $1K
Raw agricultural goods $1K

Balance of trade

Albania Mozambique
Current account balance
-$648M
2024
-$2.49B
2024
Current account balance ranking
112/190
2024
150/190
2024
Current account balance, % of GDP
-2.4%
2024
-11%
2024
Goods imports
$7.87B
2024
$8.38B
2024
Goods exports
$1.82B
2024
$8.21B
2024
Service imports
$3.83B
2024
$2.11B
2024
Service exports
$8.03B
2024
$1.15B
2024
Imports of goods and services, % of GDP
43.2%
2024
52.8%
2024
Exports of goods and services, % of GDP
36.3%
2024
42.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Albania Mozambique
Economic freedom 68 49.6
Economic freedom ranking 50/197 164/197
Property rights 57.6 29.7
Government integrity 41.9 25.1
Judicial effectiveness 59.9 43.4
Tax burden 89.3 75.8
Government spending 74.3 67
Fiscal health 88 39.1
Business freedom 76.6 40.2
Labor freedom 46.2 47.7
Monetary freedom 78.6 76.2
Trade freedom 83 71.2
Investment freedom 60 40
Financial freedom 60 40

Economic freedom comparison by year

Albania
Mozambique
1x
Year Economic freedom index
Albania Mozambique
2026 68 49.6
2025 66.6 50.7
2024 64.8 50.7
2023 65.3 52.5
2022 66.6 51.3
2021 65.2 51.6
2020 66.9 50.5
2019 66.5 48.6
2018 64.5 46.3
2017 64.4 49.9
2016 65.9 53.2
2015 65.7 54.8
2014 66.9 55
2013 65.2 55
2012 65.1 57.1
2011 64 56.8
2010 66 56
2009 63.7 55.7
2008 62.4 55.4
2007 61.4 54.7
2006 60.3 51.9
2005 57.8 54.6
2004 58.5 57.2
2003 56.8 58.6
2002 56.8 57.7
2001 56.6 59.2
2000 53.6 52.2
1999 53.4 48.9
1998 53.9 43
1997 54.8 44
1996 53.8 48.4
1995 49.7 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/albania/mozambique | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Mozambique
Services, % of GDP
48.7%
2024
41.1%
2024
Industry, % of GDP
22.4%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
25.2%
2024
GNI, Atlas method
$23.6B
2024
$19.1B
2024
GNI per capita, PPP
$26,500
2024
$1,520
2024
Total reserves including gold
$6.52B
2024
$3.84B
2024
Total reserves ranking
89/177
2024
108/177
2024
Net foreign direct investment
-$1.45B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$1.71B
2024
$3.51B
2024
Net outflows of foreign direct investment
$261M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
22.4%
2024
Poverty at national poverty lines
19.7%
2022
65%
2022
Gross capital formation, % of GDP
25%
2024
17.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/albania/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.