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Economy of Australia vs Mozambique compared: GDP & Debt

Updated on by Georank

Australia has a GDP of $1.8T compared to $22.3B for Mozambique, ranking 15/197 and 127/197 by economy size, respectively.

Australia has $918B in government debt (51% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Australia vs Mozambique GDP by year

Australia
Mozambique
1x
Year GDP, current $
Australia Mozambique
2025 $1,798,518,933,689 $22,337,997,046
2024 $1,757,022,451,653 $22,752,244,245
2023 $1,734,451,264,656 $20,927,498,317
2022 $1,695,627,535,476 $18,884,232,599
2021 $1,560,617,493,203 $16,168,055,475
2020 $1,333,336,461,648 $14,235,420,174
2019 $1,398,349,602,956 $15,512,759,047
2018 $1,433,144,978,762 $15,017,358,953
2017 $1,330,890,554,614 $13,264,640,646
2016 $1,211,588,128,418 $12,069,051,237
2015 $1,356,805,839,936 $16,208,985,770
2014 $1,474,677,007,566 $17,978,246,586
2013 $1,583,737,461,925 $17,198,073,057
2012 $1,552,728,401,402 $16,688,114,144
2011 $1,402,939,868,653 $14,619,279,989
2010 $1,152,566,632,022 $11,411,894,724
2009 $931,761,689,771 $12,263,894,790
2008 $1,058,448,244,064 $12,920,340,965
2007 $856,603,595,823 $10,811,456,006
2006 $749,708,370,333 $9,509,835,537
2005 $696,811,489,613 $8,868,504,900
2004 $615,643,050,221 $7,937,255,565
2003 $468,517,181,130 $6,583,526,861
2002 $396,436,967,263 $5,950,769,427
2001 $380,360,222,861 $5,650,154,067
2000 $416,901,962,163 $5,930,685,215
1999 $390,347,787,943 $6,285,219,691
1998 $400,361,527,505 $5,551,118,149
1997 $436,321,902,767 $4,873,663,775
1996 $401,962,517,479 $4,030,146,135
1995 $368,725,126,225 $3,061,646,174
1994 $323,269,456,935 $2,958,108,170
1993 $312,568,858,910 $2,883,161,897
1992 $325,982,966,981 $2,798,696,511
1991 $326,416,407,861 $3,854,856,435
1990 $311,840,666,465 -
1989 $300,264,309,002 -
1988 $236,461,079,970 -
1987 $189,726,707,253 -
1986 $182,707,050,923 -
1985 $180,861,108,959 -
1984 $193,749,932,078 -
1983 $177,523,719,680 -
1982 $194,323,071,831 -
1981 $177,151,979,566 -
1980 $150,200,557,103 -
1979 $135,093,718,051 -
1978 $118,660,813,780 -
1977 $110,504,702,914 -
1976 $105,209,354,856 -
1975 $97,440,939,506 -
1974 $89,086,219,602 -
1973 $63,923,126,201 -
1972 $52,117,990,654 -
1971 $45,283,847,245 -
1970 $41,395,206,623 -
1969 $36,738,245,878 -
1968 $32,763,365,242 -
1967 $30,487,524,878 -
1966 $27,349,284,376 -
1965 $26,014,244,162 -
1964 $23,835,843,814 -
1963 $21,573,443,452 -
1962 $19,953,923,193 -
1961 $19,713,123,154 -
1960 $18,635,682,982 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Australia vs Mozambique by year

Australia
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $65,130 - $627 -
2024 $64,610 $72,111 $657 $1,705
2023 $65,058 $72,273 $622 $1,678
2022 $65,170 $66,103 $578 $1,582
2021 $60,759 $58,327 $510 $1,457
2020 $51,983 $54,184 $462 $1,412
2019 $55,195 $52,886 $519 $1,389
2018 $57,410 $50,371 $518 $1,326
2017 $54,118 $48,565 $471 $1,283
2016 $50,084 $47,446 $441 $1,379
2015 $56,970 $46,465 $611 $1,318
2014 $62,817 $47,109 $697 $1,166
2013 $68,477 $46,123 $687 $1,114
2012 $68,301 $43,007 $686 $1,076
2011 $62,799 $42,153 $618 $1,064
2010 $52,314 $39,504 $496 $1,000
2009 $42,955 $40,434 $548 $951
2008 $49,811 $37,616 $592 $916
2007 $41,128 $36,708 $508 $862
2006 $36,659 $34,890 $457 $798
2005 $34,535 $33,090 $437 $721
2004 $30,886 $31,815 $400 $673
2003 $23,758 $30,167 $339 $620
2002 $20,335 $29,080 $314 $580
2001 $19,734 $27,688 $305 $533
2000 $21,909 $26,585 $327 $472
1999 $20,750 $25,531 $354 $468
1998 $21,516 $24,386 $320 $422
1997 $23,683 $23,142 $287.5 $387
1996 $22,056 $22,134 $244.4 $350
1995 $20,479 $21,050 $191.8 $321
1994 $18,156 $20,174 $196.8 $326
1993 $17,725 $19,220 $205.2 $321
1992 $18,650 $18,259 $205.6 $292
1991 $18,885 $17,839 $288.7 $315
1990 $18,274 $17,385 - $296
1989 $17,858 - - -
1988 $14,303 - - -
1987 $11,666 - - -
1986 $11,406 - - -
1985 $11,455 - - -
1984 $12,436 - - -
1983 $11,532 - - -
1982 $12,798 - - -
1981 $11,871 - - -
1980 $10,223 - - -
1979 $9,308 - - -
1978 $8,264 - - -
1977 $7,786 - - -
1976 $7,497 - - -
1975 $7,014 - - -
1974 $6,492 - - -
1973 $4,778 - - -
1972 $3,955 - - -
1971 $3,500 - - -
1970 $3,310 - - -
1969 $2,996 - - -
1968 $2,728 - - -
1967 $2,584 - - -
1966 $2,347 - - -
1965 $2,284 - - -
1964 $2,134 - - -
1963 $1,970 - - -
1962 $1,858 - - -
1961 $1,880 - - -
1960 $1,813 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Australia's GDP per capita is $65,130, ranking 14/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while Mozambique ranks 192nd at $1,705.

Economic indicators

Australia Mozambique
Gross domestic product
$1.8T
2025
$22.3B
2025
GDP rank
15/197
2025
127/197
2025
GDP growth
1.35%
2024-2025
-0.52%
2024-2025
GDP per capita
$65,130
2025
$627
2025
GDP per capita rank
14/197
2025
193/197
2025
GDP per capita, PPP
$72,111
2024
$1,705
2024
GDP per capita PPP rank
22/197
2024
192/197
2024
Government debt
$918B
2025
$22.9B
2025
Debt-to-GDP ratio
51%
2025
102.5%
2025
Government debt per person
$33,239
2025
$643
2025
Government debt per person rank
22/185
2025
158/185
2025
Average annual personal income after taxes
$50,637
2026
$1,324
2026
Market capitalization of domestic companies
$2.05T
2025
n/a
Number of millionaires
1,634,000
2026
n/a
Number of billionaires
47
2026
n/a
Income share by richest 10%
25.9%
2020
40.8%
2022
Income share by poorest 10%
2.6%
2020
1.7%
2022
Government expenditure, % of GDP
39.5%
2025
30.3%
2025
Consumer prices inflation
2.87%
2024-2025
4.4%
2024-2025
Central bank interest rate
4.35%
2026
9.25%
2026
Unemployment rate
4.2%
2025
6.79%
2022
Population
28010980
37173146

Spending and national debt comparison by year

Australia
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Australia Mozambique
Government spending Government debt Government spending Government debt
2025 39.5% 51% 30.3% 102.5%
2024 38.7% 50.6% 33.3% 91.4%
2023 37.4% 49.4% 33.3% 90.8%
2022 37.4% 50% 32.9% 100.4%
2021 41.7% 55.4% 32.1% 104.3%
2020 44.3% 56.9% 33.9% 120%
2019 38.8% 46.5% 28% 98.3%
2018 36.7% 41.6% 31.2% 105.5%
2017 36.6% 41% 28.6% 103.8%
2016 37.1% 40.5% 28.7% 124.8%
2015 37.1% 37.6% 32.2% 86%
2014 36.6% 33.9% 39.7% 63.4%
2013 36.2% 30.3% 31.7% 49.5%
2012 36.4% 27.4% 28.1% 36.7%
2011 36.2% 24% 28.9% 34.2%
2010 36.8% 20.3% 26.6% 38.6%
2009 37.6% 16.6% 25.7% 39.3%
2008 35% 11.7% 21.3% 32.8%
2007 34.2% 9.65% 20.9% 31.2%
2006 34.5% 9.92% 20.1% 40%
2005 34.5% 10.8% 17% 60.1%
2004 34.8% 11.9% 17.8% 50.8%
2003 34.9% 13.2% 18.6% 63.2%
2002 34.9% 15% 18.6% 63.4%
2001 35.6% 17.1% 20.8% 99.8%
2000 35.1% 19.5% 17.2% 95.8%
1999 36.2% 22.5% 15.6% 94.7%
1998 34.6% 23.7% 14.9% -
1997 32.8% 25.9% 16.5% -
1996 33.5% 29.3% 14.9% -
1995 33.6% 31.1% 18.8% -
1994 33.7% 31.7% 22.9% -
1993 34.1% 30.6% 20.7% -
1992 34% 27.6% 21.1% -
1991 33% 21.6% 17.3% -
1990 30.4% 16.4% 21% -
1989 34.5% 17% 27% -
1988 34.6% 20.5% 27% -
1987 36% 25.2% 22.9% -
1986 38.4% 25.5% 24.2% -
1985 38.7% 24% 21% -
1984 38.4% 22.3% 30.9% -
1983 37% 21% 35.3% -
1982 36.7% 16.8% 27% -
1981 33.4% 19.1% 23.8% -
1980 33.2% 21.2% 14.2% -
1979 32.5% 22.8% - -
1978 33.2% 24.7% - -
1977 34.1% 23.6% - -
1976 33.3% 22.9% - -
1975 33% 23.6% - -
1974 30.9% 22.3% - -
1973 26.6% 27.3% - -
1972 27% 30.7% - -
1971 26.1% 32.2% - -
1970 25.3% 34.9% - -
1969 24.7% 36.7% - -
1968 25.3% 39.4% - -
1967 26.4% 40.5% - -
1966 25.6% 42.4% - -
1965 25.8% 43.7% - -
1964 23.5% 44.9% - -
1963 23% 47.5% - -
1962 22.7% 50.2% - -
1961 23.3% 49.3% - -
1960 21.8% 48.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Australia's government spending was $710B, accounting for 39.5% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 51% in Australia and 102.5% in Mozambique, ranking 104/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Mozambique
1x
Year Deficit/surplus, % of GDP
Australia Mozambique
2025 -2.78% -3.97%
2024 -2.25% -6.23%
2023 -1.26% -4.26%
2022 -2.21% -5.22%
2021 -6.35% -5.23%
2020 -8.7% -6.19%
2019 -4.39% 1.7%
2018 -1.25% -5.7%
2017 -1.71% -1.99%
2016 -2.41% -5.06%
2015 -2.78% -6.55%
2014 -2.91% -9.75%
2013 -2.8% -2.46%
2012 -3.5% -3.45%
2011 -4.51% -4.34%
2010 -5.1% -3.4%
2009 -4.55% -4.35%
2008 -1.1% -1.9%
2007 1.47% -2.19%
2006 1.77% -3.03%
2005 1.7% -2.06%
2004 1.32% -3.17%
2003 1.05% -2.64%
2002 0.19% -3.36%
2001 -0.03% -4.43%
2000 1.25% -1.26%
1999 0.66% -0.31%
1998 -0.25% -1.08%
1997 -0.49% -1.81%
1996 -1.45% -2.07%
1995 -2.6% -2.46%
1994 -3.79% -4%
1993 -4.72% -2.53%
1992 -4.74% -1.85%
1991 -2.78% -2.01%
1990 -0.23% -4.42%
1989 -1.29% -4.23%
1988 -0.77% -6.47%
1987 -1.66% -7.24%
1986 -3.5% -12.1%
1985 -5.24% -9.69%
1984 -5.48% -13.4%
1983 -5.66% -15.8%
1982 -5.19% -3.61%
1981 -3.25% -7.41%
1980 -2.87% -1.47%
1979 -2.32% -
1978 -4.19% -
1977 -4.39% -
1976 -3.44% -
1975 -3.47% -
1974 -2.46% -
1973 0.16% -
1972 -0.97% -
1971 -0.23% -
1970 -0.23% -
1969 0.53% -
1968 -0.7% -
1967 -1.65% -
1966 -1.77% -
1965 -1.46% -
1964 0.19% -
1963 -0.26% -
1962 -0.38% -
1961 -0.78% -
1960 0.47% -
1959 0.06% -
1958 -0.25% -
1957 -0.33% -
1956 1% -
1955 0.08% -
1954 -0.27% -
1953 -0.86% -
1952 -0.44% -
1951 1.85% -
1950 4.29% -
1949 0.72% -
1948 2% -
1947 -0.45% -
1946 -4.09% -
1945 -8.87% -
1944 -11.8% -
1943 -12.4% -
1942 -5.17% -
1941 -2.14% -
1940 0.51% -
1939 0.77% -
1938 0.24% -
1937 0.28% -
1936 0.17% -
1935 0.24% -
1934 0.28% -
1933 0.28% -
1932 0.02% -
1931 -0.8% -
1930 -1% -
1929 -0.53% -
1928 -0.69% -
1927 -0.5% -
1926 -0.31% -
1925 -0.26% -
1924 -0.5% -
1923 -0.33% -
1922 -0.94% -
1921 -2% -
1920 -2.43% -
1919 -4.8% -
1918 -4.36% -
1917 -4.99% -
1916 -3.47% -
1915 -1.11% -
1914 -0.29% -
1913 0% -
1912 0.12% -
1911 0.39% -
1910 0.39% -
1909 0.37% -
1908 -0.15% -
1907 0.41% -
1906 0.23% -
1905 0.11% -
1904 -0.13% -
1903 -0.02% -
1902 0.16% -
1901 1.46% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Australia's government deficit, the difference between spending and revenue, was $50B, equivalent to 2.78% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 35 years, Australia recorded a fiscal deficit in 27 of those years, while Mozambique ran a deficit in 34 years. On average, Australia posted an annual deficit equal to 2.06% of GDP, compared to deficit of 3.39% of GDP for Mozambique.

Inflation comparison by year

Inflation
Australia

Mozambique
1x
Year Consumer prices inflation
Australia Mozambique
2025 2.87% 4.4%
2024 3.17% 3.2%
2023 5.6% 7%
2022 6.59% 10.4%
2021 2.86% 6.6%
2020 0.85% 0.9%
2019 1.61% 5.7%
2018 1.91% 3.2%
2017 1.95% 15.8%
2016 1.28% 18.4%
2015 1.51% 3.6%
2014 2.49% 2.6%
2013 2.45% 4.3%
2012 1.76% 2.6%
2011 3.3% 11.2%
2010 2.92% 12.4%
2009 1.77% 3.8%
2008 4.35% 14.5%
2007 2.33% 10.4%
2006 3.56% 13.2%
2005 2.69% 6.4%
2004 2.34% 12.6%
2003 2.73% 13.5%
2002 2.98% 16.8%
2001 4.41% 9.1%
2000 4.46% 12.7%
1999 1.48% 2.9%
1998 0.86% 1.5%
1997 0.22% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Australia has recorded an average annual inflation rate of 2.67%, compared with 8.18% in Mozambique. In 2025, inflation was 2.87% in Australia and 4.4% in Mozambique.

Top exports between countries

Australia
Export category Export value
Raw materials & minerals $487M
Raw agricultural goods $93.9M
Metals $6.5M
Chemicals & pharma $3.07M
Machinery & equipment $2.32M
Textiles & consumer goods $305K
Animal & marine products $93K
Processed food, beverages & tobacco $71K
Miscellaneous $42K
Wood & paper products $17K
Mozambique
Export category Export value
Raw materials & minerals $10.9M
Metals $613K
Machinery & equipment $130K
Precious metals & jewellery $92K
Animal & marine products $86K
Processed food, beverages & tobacco $75K
Raw agricultural goods $56K
Textiles & consumer goods $8K
Chemicals & pharma $3K
Miscellaneous $1K

Balance of trade

Australia Mozambique
Current account balance
-$48.2B
2025
-$2.49B
2024
Current account balance ranking
187/190
2025
148/190
2024
Current account balance, % of GDP
-2.68%
2025
-11%
2024
Goods imports
$309B
2025
$8.38B
2024
Goods exports
$337B
2025
$8.21B
2024
Service imports
$116B
2025
$2.11B
2024
Service exports
$91.6B
2025
$1.15B
2024
Imports of goods and services, % of GDP
22.7%
2025
55.7%
2025
Exports of goods and services, % of GDP
23.2%
2025
41.4%
2025

Economic freedom indices

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

Australia Mozambique
Economic freedom 80.1 49.6
Economic freedom ranking 5/197 164/197
Property rights 88.2 29.7
Government integrity 88.1 25.1
Judicial effectiveness 96.3 43.4
Tax burden 61.8 75.8
Government spending 56.6 67
Fiscal health 89 39.1
Business freedom 92.3 40.2
Labor freedom 61.5 47.7
Monetary freedom 77.2 76.2
Trade freedom 89.8 71.2
Investment freedom 80 40
Financial freedom 80 40

Economic freedom comparison by year

Australia
Mozambique
1x
Year Economic freedom index
Australia Mozambique
2026 80.1 49.6
2025 79.3 50.7
2024 76.2 50.7
2023 74.8 52.5
2022 77.7 51.3
2021 82.4 51.6
2020 82.6 50.5
2019 80.9 48.6
2018 80.9 46.3
2017 81 49.9
2016 80.3 53.2
2015 81.4 54.8
2014 82 55
2013 82.6 55
2012 83.1 57.1
2011 82.5 56.8
2010 82.6 56
2009 82.6 55.7
2008 82.2 55.4
2007 81.1 54.7
2006 79.9 51.9
2005 79 54.6
2004 77.9 57.2
2003 77.4 58.6
2002 77.3 57.7
2001 77.4 59.2
2000 77.1 52.2
1999 76.4 48.9
1998 75.6 43
1997 75.5 44
1996 74 48.4
1995 74.1 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Australia is 80.1, ranking 5/197, 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

Australia Mozambique
Services, % of GDP
67.5%
2025
42%
2025
Industry, % of GDP
23.9%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
25.6%
2025
GNI, Atlas method
$1.77T
2025
$20.4B
2025
GNI per capita, PPP
$69,930
2025
$1,540
2025
Total reserves including gold
$72.6B
2025
$3.84B
2024
Total reserves ranking
37/177
2025
112/177
2024
Net foreign direct investment
-$41.1B
2025
-$3.55B
2024
Net inflows of foreign direct investment
$53.7B
2024
$3.51B
2024
Net outflows of foreign direct investment
$13.9B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines n/a
65%
2022
Gross capital formation, % of GDP
24.5%
2025
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.