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Economy of Belarus vs Mozambique compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $22.7B for Mozambique, ranking 83/197 and 123/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Belarus vs Mozambique GDP by year

Belarus
Mozambique
1x
Year GDP, current $
Belarus Mozambique
2024 $75,961,865,472 $22,745,341,305
2023 $72,478,760,370 $20,921,079,533
2022 $73,775,179,925 $18,883,528,581
2021 $69,673,747,132 $16,168,055,475
2020 $61,371,673,345 $14,235,420,174
2019 $64,410,170,653 $15,512,759,047
2018 $60,031,026,576 $15,017,358,953
2017 $54,725,405,751 $13,264,640,646
2016 $47,723,545,321 $12,069,051,237
2015 $56,454,769,845 $16,208,985,770
2014 $78,813,069,121 $17,978,246,586
2013 $75,527,558,966 $17,198,073,057
2012 $65,685,890,439 $16,688,114,144
2011 $61,762,382,328 $14,619,279,989
2010 $57,231,904,543 $11,411,894,724
2009 $50,873,167,326 $12,263,894,790
2008 $60,752,106,347 $12,920,340,965
2007 $45,275,711,996 $10,811,456,006
2006 $36,961,894,281 $9,509,835,537
2005 $30,210,091,837 $8,868,504,900
2004 $23,141,566,293 $7,937,255,565
2003 $17,825,444,724 $6,583,526,861
2002 $14,594,900,945 $5,950,769,427
2001 $12,354,820,144 $5,650,154,067
2000 $12,736,856,828 $5,930,685,215
1999 $12,138,486,532 $6,285,219,691
1998 $15,222,012,660 $5,551,118,149
1997 $14,128,408,566 $4,873,663,775
1996 $14,500,437,520 $4,030,146,135
1995 $13,972,683,274 $3,061,646,174
1994 $14,931,435,232 $2,958,108,170
1993 $16,275,073,527 $2,883,161,897
1992 $16,939,790,094 $2,798,696,511
1991 $18,404,907,975 $3,854,856,435
1990 $17,389,558,233 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Belarus vs Mozambique by year

Belarus
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $657 $1,705
2023 $7,897 $30,834 $622 $1,678
2022 $7,995 $28,429 $578 $1,582
2021 $7,490 $27,611 $510 $1,457
2020 $6,543 $24,872 $462 $1,412
2019 $6,838 $22,302 $519 $1,389
2018 $6,360 $20,026 $518 $1,326
2017 $5,786 $18,414 $471 $1,283
2016 $5,040 $17,832 $441 $1,379
2015 $5,967 $18,134 $611 $1,318
2014 $8,341 $19,038 $697 $1,166
2013 $7,998 $19,014 $687 $1,114
2012 $6,953 $18,115 $686 $1,076
2011 $6,528 $16,563 $618 $1,064
2010 $6,035 $15,339 $496 $1,000
2009 $5,352 $14,034 $548 $951
2008 $6,376 $13,886 $592 $916
2007 $4,735 $12,320 $508 $862
2006 $3,848 $10,995 $457 $798
2005 $3,126 $9,637 $437 $721
2004 $2,378 $8,483 $400 $673
2003 $1,820 $7,362 $339 $620
2002 $1,479 $6,697 $314 $580
2001 $1,244 $6,238 $305 $533
2000 $1,276 $5,796 $327 $472
1999 $1,211 $5,331 $354 $468
1998 $1,511 $5,061 $320 $422
1997 $1,396 $4,596 $287.5 $387
1996 $1,427 $4,039 $244.4 $350
1995 $1,371 $3,846 $191.8 $321
1994 $1,460 $4,190 $196.8 $326
1993 $1,590 $4,641 $205.2 $321
1992 $1,658 $4,917 $205.6 $292
1991 $1,805 $5,330 $288.7 $315
1990 $1,707 $5,220 - $296

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Mozambique ranks 192nd at $1,705.

Economic indicators

Belarus Mozambique
Gross domestic product
$76B
2024
$22.7B
2024
GDP rank
83/197
2024
123/197
2024
GDP growth
4.01%
2023-2024
2.15%
2023-2024
GDP per capita
$8,318
2024
$657
2024
GDP per capita rank
92/197
2024
189/197
2024
GDP per capita, PPP
$33,010
2024
$1,705
2024
GDP per capita PPP rank
68/197
2024
192/197
2024
Government debt
$30.3B
2024
$21.2B
2024
Debt-to-GDP ratio
39.9%
2024
93.2%
2024
Government debt per person
$3,318
2024
$612
2024
Government debt per person rank
97/185
2024
159/185
2024
Average annual personal income after taxes
$7,345
2026
$1,778
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
40.8%
2022
Income share by poorest 10%
4.5%
2020
1.7%
2022
Government expenditure, % of GDP
40.9%
2024
33.2%
2024
Consumer prices inflation
5.7%
2023-2024
3.2%
2023-2024
Central bank interest rate
9.75%
2025
9.75%
2025
Unemployment rate
3.04%
2024
6.79%
2022
Population
9013835
36941128

Spending and national debt comparison by year

Belarus
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Belarus Mozambique
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 33.2% 93.2%
2023 40.3% 40.7% 33.3% 90.9%
2022 38% 40.8% 32.9% 100.3%
2021 36.7% 41.2% 32.1% 104.3%
2020 38% 47.5% 33.9% 120%
2019 37.4% 41% 28% 98.3%
2018 37.8% 47.5% 32.9% 105.5%
2017 39% 53.2% 29.5% 103.8%
2016 40.7% 53.5% 29.1% 124.8%
2015 41.8% 53% 32.2% 86%
2014 38.8% 38.8% 39.7% 63.4%
2013 40.8% 36.9% 31.7% 49.5%
2012 38.9% 36.9% 28.1% 36.7%
2011 40.3% 58.2% 28.9% 34.2%
2010 44.3% 36.8% 26.7% 38.6%
2009 51.7% 32.5% 25.7% 39.3%
2008 60% 20.3% 21.3% 32.8%
2007 49.2% 15.8% 20.9% 31.2%
2006 47.2% 12.3% 20.1% 40%
2005 45% 8.12% 17% 60.1%
2004 44% 9.22% 17.8% 50.8%
2003 43.5% - 18.6% 63.2%
2002 43.8% - 18.6% 63.4%
2001 42.4% - 20.8% 99.8%
2000 - - 17.2% 95.8%
1999 - - 15.6% 94.7%
1998 - - 14.9% -
1997 - - 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/belarus/mozambique | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 93.2% in Mozambique, ranking 133/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Mozambique
1x
Year Deficit/surplus, % of GDP
Belarus Mozambique
2024 1.05% -6.17%
2023 0.76% -4.26%
2022 -1.98% -5.22%
2021 -0.22% -5.23%
2020 -2.87% -6.19%
2019 0.91% 1.7%
2018 1.8% -7.39%
2017 -0.34% -2.9%
2016 -1.66% -5.42%
2015 -2.96% -6.55%
2014 0.09% -9.75%
2013 -0.98% -2.46%
2012 0.36% -3.45%
2011 -2.81% -4.34%
2010 -4.19% -3.5%
2009 -7.23% -4.35%
2008 -10.9% -1.9%
2007 -7.82% -2.19%
2006 -7.71% -3.03%
2005 -6.71% -2.06%
2004 -7.06% -3.17%
2003 -6.74% -2.64%
2002 -7.81% -3.36%
2001 -4.74% -4.43%
2000 - -1.26%
1999 - -0.31%
1998 - -1.08%
1997 - -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/belarus/mozambique | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Mozambique ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 4.09% of GDP for Mozambique.

Inflation comparison by year

Inflation
Belarus

Mozambique
1x
Year Consumer prices inflation
Belarus Mozambique
2024 5.7% 3.2%
2023 5% 7%
2022 15.2% 10.4%
2021 9.5% 6.6%
2020 5.5% 0.9%
2019 5.6% 5.7%
2018 4.9% 3.2%
2017 6% 15.8%
2016 11.8% 18.4%
2015 13.5% 3.6%
2014 18.1% 2.6%
2013 18.3% 4.3%
2012 59.2% 2.6%
2011 53.2% 11.2%
2010 7.7% 12.4%
2009 13% 3.8%
2008 14.8% 14.5%
2007 8.4% 10.4%
2006 7% 13.2%
2005 10.3% 6.4%
2004 18.1% 12.6%
2003 28.4% 13.5%
2002 42.6% 16.8%
2001 61.1% 9.1%
2000 168.6% 12.7%
1999 293.7% 2.9%
1998 73% 1.5%
1997 63.8% 7.4%

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

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

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 8.31% in Mozambique. In 2024, inflation was 5.7% in Belarus and 3.2% in Mozambique.

Top exports between countries

Belarus
Export category Export value
Transport & tourism services $321K
Wood & paper products $93K
Animal & marine products $56K
Machinery & equipment $13K
Business & finance services $2K
Mozambique
Export category Export value
Processed food, beverages & tobacco $176K

Balance of trade

Belarus Mozambique
Current account balance
-$1.94B
2024
-$2.49B
2024
Current account balance ranking
142/190
2024
150/190
2024
Current account balance, % of GDP
-2.56%
2024
-11%
2024
Goods imports
$44.2B
2024
$8.38B
2024
Goods exports
$39.5B
2024
$8.21B
2024
Service imports
$6.82B
2024
$2.11B
2024
Service exports
$10.1B
2024
$1.15B
2024
Imports of goods and services, % of GDP
66.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
65.1%
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.

Belarus Mozambique
Economic freedom 49.1 49.6
Economic freedom ranking 166/197 164/197
Property rights 20 29.7
Government integrity 28.3 25.1
Judicial effectiveness 11.5 43.4
Tax burden 93.5 75.8
Government spending 52.6 67
Fiscal health 96.8 39.1
Business freedom 50.3 40.2
Labor freedom 48 47.7
Monetary freedom 69 76.2
Trade freedom 69.2 71.2
Investment freedom 30 40
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Mozambique
1x
Year Economic freedom index
Belarus Mozambique
2026 49.1 49.6
2025 48.9 50.7
2024 48.4 50.7
2023 51 52.5
2022 53 51.3
2021 61 51.6
2020 61.7 50.5
2019 57.9 48.6
2018 58.1 46.3
2017 58.6 49.9
2016 48.8 53.2
2015 49.8 54.8
2014 50.1 55
2013 48 55
2012 49 57.1
2011 47.9 56.8
2010 48.7 56
2009 45 55.7
2008 45.3 55.4
2007 47 54.7
2006 47.5 51.9
2005 46.7 54.6
2004 43.1 57.2
2003 39.7 58.6
2002 39 57.7
2001 38 59.2
2000 41.3 52.2
1999 35.4 48.9
1998 38 43
1997 39.8 44
1996 38.7 48.4
1995 40.4 45.5

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, 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

Belarus Mozambique
Services, % of GDP
49.7%
2024
41.1%
2024
Industry, % of GDP
30.7%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
25.2%
2024
GNI, Atlas method
$75.4B
2024
$19.1B
2024
GNI per capita, PPP
$32,300
2024
$1,520
2024
Total reserves including gold
$8.91B
2024
$3.84B
2024
Total reserves ranking
82/177
2024
108/177
2024
Net foreign direct investment
-$1.57B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$1.74B
2024
$3.51B
2024
Net outflows of foreign direct investment
$170M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
22.4%
2024
Poverty at national poverty lines
3.9%
2022
65%
2022
Gross capital formation, % of GDP
25.8%
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/belarus/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (2020–2021, 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.