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Economy of Botswana vs Mozambique compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $22.3B for Mozambique, ranking 135/197 and 127/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Botswana vs Mozambique GDP by year

Botswana
Mozambique
1x
Year GDP, current $
Botswana Mozambique
2025 $19,928,479,839 $22,337,997,046
2024 $19,286,251,068 $22,752,244,245
2023 $19,413,614,555 $20,927,498,317
2022 $20,321,150,599 $18,884,232,599
2021 $18,750,182,236 $16,168,055,475
2020 $14,960,251,608 $14,235,420,174
2019 $16,725,908,149 $15,512,759,047
2018 $17,031,943,186 $15,017,358,953
2017 $16,105,155,857 $13,264,640,646
2016 $15,082,637,184 $12,069,051,237
2015 $13,530,748,845 $16,208,985,770
2014 $15,470,088,501 $17,978,246,586
2013 $14,271,738,933 $17,198,073,057
2012 $13,907,464,500 $16,688,114,144
2011 $15,110,643,612 $14,619,279,989
2010 $12,637,273,429 $11,411,894,724
2009 $10,118,459,242 $12,263,894,790
2008 $10,730,829,116 $12,920,340,965
2007 $10,567,270,656 $10,811,456,006
2006 $9,919,158,482 $9,509,835,537
2005 $9,918,907,108 $8,868,504,900
2004 $8,957,467,707 $7,937,255,565
2003 $7,511,582,173 $6,583,526,861
2002 $5,438,863,983 $5,950,769,427
2001 $5,489,608,300 $5,650,154,067
2000 $5,788,329,609 $5,930,685,215
1999 $5,484,263,347 $6,285,219,691
1998 $4,790,481,509 $5,551,118,149
1997 $5,020,265,627 $4,873,663,775
1996 $4,847,757,218 $4,030,146,135
1995 $4,730,599,122 $3,061,646,174
1994 $4,259,259,604 $2,958,108,170
1993 $4,160,129,175 $2,883,161,897
1992 $4,146,464,587 $2,798,696,511
1991 $3,942,876,703 $3,854,856,435
1990 $3,790,636,324 -
1989 $3,083,822,112 -
1988 $2,644,554,159 -
1987 $1,965,226,890 -
1986 $1,392,602,164 -
1985 $1,114,783,343 -
1984 $1,240,822,167 -
1983 $1,172,230,397 -
1982 $1,014,945,696 -
1981 $1,073,812,830 -
1980 $1,060,889,704 -
1979 $819,870,259 -
1978 $590,407,374 -
1977 $451,624,780 -
1976 $372,025,093 -
1975 $355,168,572 -
1974 $306,044,208 -
1973 $244,124,164 -
1972 $164,460,915 -
1971 $127,448,614 -
1970 $96,243,234 -
1969 $77,361,547 -
1968 $66,248,441 -
1967 $58,642,354 -
1966 $51,465,655 -
1965 $45,788,696 -
1964 $41,616,348 -
1963 $38,091,843 -
1962 $35,644,957 -
1961 $32,902,613 -
1960 $30,411,414 -

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

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

GDP per capita in Botswana vs Mozambique by year

Botswana
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,778 - $627 -
2024 $7,650 $20,538 $657 $1,705
2023 $7,827 $21,012 $622 $1,678
2022 $8,329 $19,977 $578 $1,582
2021 $7,808 $17,961 $510 $1,457
2020 $6,323 $15,292 $462 $1,412
2019 $7,172 $15,960 $519 $1,389
2018 $7,408 $15,786 $518 $1,326
2017 $7,105 $15,701 $471 $1,283
2016 $6,749 $16,228 $441 $1,379
2015 $6,141 $14,144 $611 $1,318
2014 $7,122 $15,003 $697 $1,166
2013 $6,667 $13,621 $687 $1,114
2012 $6,596 $12,737 $686 $1,076
2011 $7,287 $13,635 $618 $1,064
2010 $6,216 $12,753 $496 $1,000
2009 $5,083 $11,686 $548 $951
2008 $5,503 $13,810 $592 $916
2007 $5,529 $13,389 $508 $862
2006 $5,292 $12,563 $457 $798
2005 $5,391 $11,458 $437 $721
2004 $4,957 $10,818 $400 $673
2003 $4,230 $10,439 $339 $620
2002 $3,117 $9,958 $314 $580
2001 $3,206 $9,420 $305 $533
2000 $3,451 $9,380 $327 $472
1999 $3,340 $9,188 $354 $468
1998 $2,981 $8,441 $320 $422
1997 $3,194 $8,497 $287.5 $387
1996 $3,156 $7,890 $244.4 $350
1995 $3,156 $7,503 $191.8 $321
1994 $2,917 $7,049 $196.8 $326
1993 $2,929 $6,847 $205.2 $321
1992 $3,005 $6,753 $205.6 $292
1991 $2,939 $6,598 $288.7 $315
1990 $2,903 $6,104 - $296
1989 $2,428 - - -
1988 $2,141 - - -
1987 $1,639 - - -
1986 $1,200 - - -
1985 $994 - - -
1984 $1,145 - - -
1983 $1,121 - - -
1982 $1,006 - - -
1981 $1,107 - - -
1980 $1,132 - - -
1979 $909 - - -
1978 $695 - - -
1977 $565 - - -
1976 $490 - - -
1975 $493 - - -
1974 $446 - - -
1973 $374 - - -
1972 $264.2 - - -
1971 $212.2 - - -
1970 $163 - - -
1969 $131.8 - - -
1968 $113.4 - - -
1967 $100.9 - - -
1966 $89.1 - - -
1965 $79.7 - - -
1964 $73.5 - - -
1963 $68.9 - - -
1962 $66 - - -
1961 $62.3 - - -
1960 $58.9 - - -

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

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

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Mozambique ranks 192nd at $1,705.

Economic indicators

Botswana Mozambique
Gross domestic product
$19.9B
2025
$22.3B
2025
GDP rank
135/197
2025
127/197
2025
GDP growth
-0.73%
2024-2025
-0.52%
2024-2025
GDP per capita
$7,778
2025
$627
2025
GDP per capita rank
100/197
2025
193/197
2025
GDP per capita, PPP
$20,538
2024
$1,705
2024
GDP per capita PPP rank
95/197
2024
192/197
2024
Government debt
$7.7B
2025
$22.9B
2025
Debt-to-GDP ratio
38.6%
2025
102.5%
2025
Government debt per person
$3,005
2025
$643
2025
Government debt per person rank
106/185
2025
158/185
2025
Average annual personal income after taxes
$5,441
2026
$1,324
2026
Market capitalization of domestic companies
$4.28B
2025
n/a
Income share by richest 10%
42.9%
2015
40.8%
2022
Income share by poorest 10%
1.4%
2015
1.7%
2022
Government expenditure, % of GDP
35%
2025
30.3%
2025
Consumer prices inflation
2.66%
2024-2025
4.4%
2024-2025
Central bank interest rate
5.5%
2026
9.25%
2026
Unemployment rate
24.4%
2024
6.79%
2022
Population
2624853
37173146

Spending and national debt comparison by year

Botswana
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Botswana Mozambique
Government spending Government debt Government spending Government debt
2025 35% 38.6% 30.3% 102.5%
2024 33.7% 33.2% 33.3% 91.4%
2023 32.4% 22.5% 33.3% 90.8%
2022 29.1% 21% 32.9% 100.4%
2021 31.4% 22.3% 32.1% 104.3%
2020 36.5% 23.5% 33.9% 120%
2019 36.9% 21.5% 28% 98.3%
2018 35.6% 19.6% 31.2% 105.5%
2017 34.7% 19.6% 28.6% 103.8%
2016 34.1% 22.3% 28.7% 124.8%
2015 37.8% 24.5% 32.2% 86%
2014 36.5% 23.9% 39.7% 63.4%
2013 33.5% 23.8% 31.7% 49.5%
2012 37.1% 26.4% 28.1% 36.7%
2011 37.2% 27.9% 28.9% 34.2%
2010 42.6% 26.5% 26.6% 38.6%
2009 52.1% 22.4% 25.7% 39.3%
2008 48.1% 7.79% 21.3% 32.8%
2007 37.1% 5.93% 20.9% 31.2%
2006 33.1% 6.14% 20.1% 40%
2005 33.8% 7.46% 17% 60.1%
2004 39.8% 10.7% 17.8% 50.8%
2003 42.7% 7.08% 18.6% 63.2%
2002 45.1% 8.37% 18.6% 63.4%
2001 42.1% 7.48% 20.8% 99.8%
2000 38.8% 8.16% 17.2% 95.8%
1999 40.1% 9.31% 15.6% 94.7%
1998 41.8% 11.3% 14.9% -
1997 39% - 16.5% -
1996 36.1% - 14.9% -
1995 36.1% - 18.8% -
1994 37.6% - 22.9% -
1993 42% - 20.7% -
1992 42.3% - 21.1% -
1991 41.1% - 17.3% -
1990 38.9% - 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 102.5% in Mozambique, ranking 137/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Mozambique
1x
Year Deficit/surplus, % of GDP
Botswana Mozambique
2025 -7.42% -3.97%
2024 -7.26% -6.23%
2023 -4.16% -4.26%
2022 0.04% -5.22%
2021 -2.33% -5.23%
2020 -10.9% -6.19%
2019 -8.53% 1.7%
2018 -5.03% -5.7%
2017 -1.14% -1.99%
2016 0.71% -5.06%
2015 -4.82% -6.55%
2014 3.9% -9.75%
2013 5.84% -2.46%
2012 0.89% -3.45%
2011 -0.12% -4.34%
2010 -7.95% -3.4%
2009 -13.8% -4.35%
2008 -7.61% -1.9%
2007 5.73% -2.19%
2006 13.3% -3.03%
2005 10.3% -2.06%
2004 1.35% -3.17%
2003 -0.18% -2.64%
2002 -3.94% -3.36%
2001 -2.91% -4.43%
2000 8.73% -1.26%
1999 5.95% -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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Mozambique ran a deficit in 26 years. On average, Botswana posted an annual deficit equal to 1.16% of GDP, compared to deficit of 3.73% of GDP for Mozambique.

Inflation comparison by year

Inflation
Botswana

Mozambique
1x
Year Consumer prices inflation
Botswana Mozambique
2025 2.66% 4.4%
2024 2.82% 3.2%
2023 5.07% 7%
2022 11.7% 10.4%
2021 7.24% 6.6%
2020 1.89% 0.9%
2019 2.77% 5.7%
2018 3.24% 3.2%
2017 3.31% 15.8%
2016 2.81% 18.4%
2015 3.06% 3.6%
2014 4.4% 2.6%
2013 5.88% 4.3%
2012 7.54% 2.6%
2011 8.46% 11.2%
2010 6.95% 12.4%
2009 8.03% 3.8%
2008 12.7% 14.5%
2007 7.08% 10.4%
2006 11.6% 13.2%
2005 8.61% 6.4%
2004 6.95% 12.6%
2003 9.19% 13.5%
2002 8.03% 16.8%
2001 6.56% 9.1%
2000 8.6% 12.7%
1999 7.75% 2.9%
1998 6.66% 1.5%
1997 8.72% 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/botswana/mozambique | CC BY

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 8.18% in Mozambique. In 2025, inflation was 2.66% in Botswana and 4.4% in Mozambique.

Top exports between countries

Botswana
Export category Export value
Processed food, beverages & tobacco $2.11M
Chemicals & pharma $759K
Raw agricultural goods $470K
Raw materials & minerals $368K
Machinery & equipment $342K
Animal & marine products $308K
Textiles & consumer goods $91K
Metals $25K
Wood & paper products $12K
Miscellaneous $5K
Mozambique
Export category Export value
Raw materials & minerals $14.7M
Processed food, beverages & tobacco $1.73M
Textiles & consumer goods $1.09M
Raw agricultural goods $1.02M
Metals $715K
Machinery & equipment $182K
Chemicals & pharma $24K
Wood & paper products $7K

Balance of trade

Botswana Mozambique
Current account balance
-$821M
2024
-$2.49B
2024
Current account balance ranking
113/190
2024
148/190
2024
Current account balance, % of GDP
-4.26%
2024
-11%
2024
Goods imports
$6.86B
2024
$8.38B
2024
Goods exports
$4.66B
2024
$8.21B
2024
Service imports
$1.29B
2024
$2.11B
2024
Service exports
$935M
2024
$1.15B
2024
Imports of goods and services, % of GDP
37.5%
2025
55.7%
2025
Exports of goods and services, % of GDP
32%
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.

Botswana Mozambique
Economic freedom 67.7 49.6
Economic freedom ranking 53/197 164/197
Property rights 71.7 29.7
Government integrity 59.6 25.1
Judicial effectiveness 70.2 43.4
Tax burden 87.1 75.8
Government spending 69.8 67
Fiscal health 72.4 39.1
Business freedom 61.5 40.2
Labor freedom 60.7 47.7
Monetary freedom 72 76.2
Trade freedom 77 71.2
Investment freedom 50 40
Financial freedom 60 40

Economic freedom comparison by year

Botswana
Mozambique
1x
Year Economic freedom index
Botswana Mozambique
2026 67.7 49.6
2025 69.9 50.7
2024 68 50.7
2023 64.9 52.5
2022 64.8 51.3
2021 67.6 51.6
2020 69.6 50.5
2019 69.5 48.6
2018 69.9 46.3
2017 70.1 49.9
2016 71.1 53.2
2015 69.8 54.8
2014 72 55
2013 70.6 55
2012 69.6 57.1
2011 68.8 56.8
2010 70.3 56
2009 69.7 55.7
2008 68.2 55.4
2007 68.1 54.7
2006 68.8 51.9
2005 69.3 54.6
2004 69.9 57.2
2003 68.6 58.6
2002 66.2 57.7
2001 66.8 59.2
2000 65.8 52.2
1999 62.9 48.9
1998 62.8 43
1997 59.1 44
1996 61.6 48.4
1995 56.8 45.5

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, 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

Botswana Mozambique
Services, % of GDP
64.6%
2025
42%
2025
Industry, % of GDP
27.9%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
25.6%
2025
GNI, Atlas method
$18.9B
2025
$20.4B
2025
GNI per capita, PPP
$19,960
2025
$1,540
2025
Total reserves including gold
$3.46B
2024
$3.84B
2024
Total reserves ranking
117/177
2024
112/177
2024
Net foreign direct investment
-$464M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$467M
2024
$3.51B
2024
Net outflows of foreign direct investment
$3.02M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
22.4%
2024
Poverty at national poverty lines
16.1%
2015
65%
2022
Gross capital formation, % of GDP
29.2%
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/botswana/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.