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Economy of Brazil vs Mozambique compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $22.7B for Mozambique, ranking 10/197 and 123/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Brazil vs Mozambique GDP by year

Brazil
Mozambique
1x
Year GDP, current $
Brazil Mozambique
2024 $2,185,821,648,944 $22,745,341,305
2023 $2,191,131,869,706 $20,921,079,533
2022 $1,951,923,832,084 $18,883,528,581
2021 $1,670,647,464,063 $16,168,055,475
2020 $1,476,107,292,152 $14,235,420,174
2019 $1,873,288,158,839 $15,512,759,047
2018 $1,916,933,708,353 $15,017,358,953
2017 $2,063,514,688,806 $13,264,640,646
2016 $1,795,693,265,999 $12,069,051,237
2015 $1,802,211,999,456 $16,208,985,770
2014 $2,456,043,766,032 $17,978,246,586
2013 $2,472,819,362,044 $17,198,073,057
2012 $2,465,228,293,707 $16,688,114,144
2011 $2,616,156,606,579 $14,619,279,989
2010 $2,208,838,108,484 $11,411,894,724
2009 $1,666,996,294,252 $12,263,894,790
2008 $1,695,855,391,758 $12,920,340,965
2007 $1,397,114,247,189 $10,811,456,006
2006 $1,107,626,711,163 $9,509,835,537
2005 $891,633,826,625 $8,868,504,900
2004 $669,289,321,945 $7,937,255,565
2003 $558,233,724,165 $6,583,526,861
2002 $509,795,270,685 $5,950,769,427
2001 $559,983,704,094 $5,650,154,067
2000 $655,448,188,259 $5,930,685,215
1999 $599,642,075,004 $6,285,219,691
1998 $863,711,007,325 $5,551,118,149
1997 $883,206,452,795 $4,873,663,775
1996 $850,426,433,004 $4,030,146,135
1995 $769,333,330,412 $3,061,646,174
1994 $525,369,851,354 $2,958,108,170
1993 $368,295,778,245 $2,883,161,897
1992 $328,187,960,872 $2,798,696,511
1991 $342,609,231,343 $3,854,856,435
1990 $390,725,626,003 -
1989 $412,990,820,287 -
1988 $307,881,930,752 -
1987 $283,056,836,894 -
1986 $256,480,852,471 -
1985 $210,879,844,639 -
1984 $188,339,974,087 -
1983 $189,656,506,321 -
1982 $271,314,113,768 -
1981 $258,015,174,749 -
1980 $237,393,489,893 -
1979 $221,338,204,480 -
1978 $200,278,646,124 -
1977 $176,344,101,402 -
1976 $153,168,949,208 -
1975 $129,203,555,239 -
1974 $109,794,519,728 -
1973 $83,592,275,863 -
1972 $58,434,858,375 -
1971 $48,869,830,902 -
1970 $42,327,664,794 -
1969 $37,171,640,819 -
1968 $33,930,457,425 -
1967 $31,086,389,195 -
1966 $28,283,323,733 -
1965 $22,465,522,884 -
1964 $20,963,733,695 -
1963 $23,287,712,878 -
1962 $19,231,747,852 -
1961 $17,275,940,449 -
1960 $17,030,465,539 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Brazil vs Mozambique by year

Brazil
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $657 $1,705
2023 $10,378 $21,176 $622 $1,678
2022 $9,281 $19,877 $578 $1,582
2021 $7,973 $18,076 $510 $1,457
2020 $7,074 $16,102 $462 $1,412
2019 $9,030 $16,070 $519 $1,389
2018 $9,301 $15,464 $518 $1,326
2017 $10,081 $14,559 $471 $1,283
2016 $8,836 $14,309 $441 $1,379
2015 $8,936 $14,821 $611 $1,318
2014 $12,275 $15,827 $697 $1,166
2013 $12,459 $15,722 $687 $1,114
2012 $12,522 $15,198 $686 $1,076
2011 $13,397 $15,212 $618 $1,064
2010 $11,403 $14,452 $496 $1,000
2009 $8,679 $13,391 $548 $951
2008 $8,908 $13,445 $592 $916
2007 $7,410 $12,673 $508 $862
2006 $5,934 $11,751 $457 $798
2005 $4,828 $11,081 $437 $721
2004 $3,664 $10,526 $400 $673
2003 $3,091 $9,802 $339 $620
2002 $2,856 $9,617 $314 $580
2001 $3,176 $9,304 $305 $533
2000 $3,767 $9,092 $327 $472
1999 $3,494 $8,635 $354 $468
1998 $5,106 $8,599 $320 $422
1997 $5,299 $8,602 $287.5 $387
1996 $5,179 $8,301 $244.4 $350
1995 $4,757 $8,097 $191.8 $321
1994 $3,299 $7,727 $196.8 $326
1993 $2,349 $7,260 $205.2 $321
1992 $2,127 $6,869 $205.6 $292
1991 $2,258 $6,867 $288.7 $315
1990 $2,620 $6,688 - $296
1989 $2,819 - - -
1988 $2,141 - - -
1987 $2,006 - - -
1986 $1,854 - - -
1985 $1,556 - - -
1984 $1,420 - - -
1983 $1,461 - - -
1982 $2,138 - - -
1981 $2,080 - - -
1980 $1,959 - - -
1979 $1,870 - - -
1978 $1,733 - - -
1977 $1,562 - - -
1976 $1,390 - - -
1975 $1,201 - - -
1974 $1,045 - - -
1973 $815 - - -
1972 $583 - - -
1971 $500 - - -
1970 $444 - - -
1969 $399 - - -
1968 $374 - - -
1967 $351 - - -
1966 $328 - - -
1965 $268 - - -
1964 $257.3 - - -
1963 $294.2 - - -
1962 $250.2 - - -
1961 $231.6 - - -
1960 $235.3 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Mozambique ranks 192nd at $1,705.

Economic indicators

Brazil Mozambique
Gross domestic product
$2.19T
2024
$22.7B
2024
GDP rank
10/197
2024
123/197
2024
GDP growth
3.42%
2023-2024
2.15%
2023-2024
GDP per capita
$10,311
2024
$657
2024
GDP per capita rank
85/197
2024
189/197
2024
GDP per capita, PPP
$22,338
2024
$1,705
2024
GDP per capita PPP rank
88/197
2024
192/197
2024
Government debt
$1.91T
2024
$21.2B
2024
Debt-to-GDP ratio
87.3%
2024
93.2%
2024
Government debt per person
$8,999
2024
$612
2024
Government debt per person rank
60/185
2024
159/185
2024
Average annual personal income after taxes
$6,263
2026
$1,778
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
40.8%
2022
Income share by poorest 10%
1.3%
2023
1.7%
2022
Government expenditure, % of GDP
45.7%
2024
33.2%
2024
Consumer prices inflation
4.4%
2023-2024
3.2%
2023-2024
Central bank interest rate
15%
2025
9.75%
2025
Unemployment rate
6.8%
2024
6.79%
2022
Population
213824938
36941128

Spending and national debt comparison by year

Brazil
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Brazil Mozambique
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 33.2% 93.2%
2023 45.3% 84% 33.3% 90.9%
2022 43.4% 83.9% 32.9% 100.3%
2021 40.4% 88.9% 32.1% 104.3%
2020 46.2% 96% 33.9% 120%
2019 43% 87.1% 28% 98.3%
2018 44.2% 84.8% 32.9% 105.5%
2017 44.3% 82.7% 29.5% 103.8%
2016 45.5% 77.4% 29.1% 124.8%
2015 46.2% 71.7% 32.2% 86%
2014 41.4% 61.6% 39.7% 63.4%
2013 39.8% 59.6% 31.7% 49.5%
2012 39.3% 61.6% 28.1% 36.7%
2011 39.4% 60.6% 28.9% 34.2%
2010 39.5% 62.4% 26.7% 38.6%
2009 40.5% 64.7% 25.7% 39.3%
2008 39.9% 61.4% 21.3% 32.8%
2007 40.4% 63% 20.9% 31.2%
2006 42.6% 64.6% 20.1% 40%
2005 41.9% 67% 17% 60.1%
2004 39.7% 68% 17.8% 50.8%
2003 41.3% 71.5% 18.6% 63.2%
2002 44.5% 76.1% 18.6% 63.4%
2001 39.8% 67.3% 20.8% 99.8%
2000 34.5% 62.2% 17.2% 95.8%
1999 39.6% 44.5% 15.6% 94.7%
1998 40.9% 38.9% 14.9% -
1997 38.6% 31.8% 16.5% -
1996 38.2% 30.7% 14.9% -
1995 - 28% 18.8% -
1994 - 30% 22.9% -
1993 - 32.6% 20.7% -
1992 - 37.1% 21.1% -
1991 - 38.1% 17.3% -
1990 - 40.6% 21% -
1989 - 40.2% 27% -
1988 - 46.9% 27% -
1987 - 50.3% 22.9% -
1986 11.7% 49.4% 24.2% -
1985 11.1% 52.6% 21% -
1984 10% 55.8% 30.9% -
1983 9.7% 51.5% 35.3% -
1982 8.1% 32.8% 27% -
1981 7.8% 34.6% 23.8% -
1980 6.8% 39.7% 14.2% -
1979 9% 36.6% - -
1978 10.2% 37% - -
1977 10.4% 31% - -
1976 10.6% 31.8% - -
1975 10.7% 27.7% - -
1974 10.5% 25.7% - -
1973 11% 22.4% - -
1972 12.6% 22.5% - -
1971 11.7% 17.9% - -
1970 11.4% 17% - -
1969 11.2% 16.5% - -
1968 14.4% 15.8% - -
1967 13.5% 13.8% - -
1966 14.6% 19.6% - -
1965 14% 17.6% - -
1964 25.4% 22.2% - -
1963 22.8% 20.4% - -
1962 23.1% 23.7% - -
1961 12% 25.7% - -
1960 13.7% 22.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 93.2% in Mozambique, ranking 38/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Mozambique
1x
Year Deficit/surplus, % of GDP
Brazil Mozambique
2024 -6.19% -6.17%
2023 -7.71% -4.26%
2022 -3.96% -5.22%
2021 -2.63% -5.23%
2020 -11.6% -6.19%
2019 -4.86% 1.7%
2018 -6.99% -7.39%
2017 -7.97% -2.9%
2016 -7.99% -5.42%
2015 -9.28% -6.55%
2014 -6.27% -9.75%
2013 -3.42% -2.46%
2012 -2.35% -3.45%
2011 -2.74% -4.34%
2010 -3.55% -3.5%
2009 -4.23% -4.35%
2008 -2.39% -1.9%
2007 -2.66% -2.19%
2006 -4.87% -3.03%
2005 -3.36% -2.06%
2004 -2.95% -3.17%
2003 -5.4% -2.64%
2002 -4.15% -3.36%
2001 -3.47% -4.43%
2000 -3.32% -1.26%
1999 -5.17% -0.31%
1998 -7.22% -1.08%
1997 -5.6% -1.81%
1996 -5.35% -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 -1.6% -12.1%
1985 -1.3% -9.69%
1984 -0.4% -13.4%
1983 0.1% -15.8%
1982 1.4% -3.61%
1981 1% -7.41%
1980 2.5% -1.47%
1979 0.4% -
1978 -0.1% -
1977 0.1% -
1976 0.1% -
1975 0% -
1974 0.6% -
1973 0.1% -
1972 -0.1% -
1971 -0.3% -
1970 -0.4% -
1969 -0.6% -
1968 -1.6% -
1967 -2.1% -
1966 -1.3% -
1965 -2% -
1964 -8.79% -
1963 -5.78% -
1962 -6.82% -
1961 -2.93% -
1960 -3.85% -
1959 -0.18% -
1958 -0.76% -
1957 -0.29% -
1956 -0.14% -
1955 -0.62% -
1954 -0.49% -
1953 -1.26% -
1952 0.64% -
1951 0.87% -
1950 -1.58% -
1949 -1.22% -
1948 0.002% -
1947 0.25% -
1946 -1.78% -
1945 -2.87% -
1944 -2.37% -
1943 -0.75% -
1942 -2.55% -
1941 -2.15% -
1940 -1.13% -
1939 -1.2% -
1938 -0.59% -
1937 -1.62% -
1936 -0.27% -
1935 -0.5% -
1934 -2.28% -
1933 -1.56% -
1932 -6.47% -
1931 -1.56% -
1930 -3.58% -
1929 -0.09% -
1928 0.57% -
1927 0.12% -
1926 -0.76% -
1925 -0.07% -
1924 -0.45% -
1923 -1.94% -
1922 -3.8% -
1921 -2.98% -
1920 -3.11% -
1919 -3.69% -
1918 -4.51% -
1917 -4.8% -
1916 -4.35% -
1915 -6.33% -
1914 -7.32% -
1913 -1.91% -
1912 -3.05% -
1911 -2.15% -
1910 -2.06% -
1909 -1.62% -
1908 -1.89% -
1907 0.38% -
1906 0.28% -
1905 0.96% -
1904 -0.62% -
1903 1.79% -
1902 1.59% -
1901 -2.46% -
1900 -5.57% -
1899 -2.13% -
1898 -14% -
1897 -2.38% -
1896 -0.79% -
1895 -1.33% -
1894 -4.11% -
1893 -1.77% -
1892 -2.6% -
1891 0.51% -
1890 -3.02% -
1889 -3.79% -
1888 0.63% -
1887 -0.76% -
1886 -3.8% -
1885 -5.71% -
1884 -3.89% -
1883 -3.33% -
1882 -1.58% -
1881 -1.9% -
1880 -4.84% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Brazil's government deficit, the difference between spending and revenue, was $135B, equivalent to 6.19% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, Brazil recorded a fiscal deficit in 29 of those years, while Mozambique ran a deficit in 33 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
Brazil

Mozambique
1x
Year Consumer prices inflation
Brazil Mozambique
2024 4.4% 3.2%
2023 4.6% 7%
2022 9.3% 10.4%
2021 8.3% 6.6%
2020 3.2% 0.9%
2019 3.7% 5.7%
2018 3.7% 3.2%
2017 3.4% 15.8%
2016 8.7% 18.4%
2015 9% 3.6%
2014 6.3% 2.6%
2013 6.2% 4.3%
2012 5.4% 2.6%
2011 6.6% 11.2%
2010 5% 12.4%
2009 4.9% 3.8%
2008 5.7% 14.5%
2007 3.6% 10.4%
2006 4.2% 13.2%
2005 6.9% 6.4%
2004 6.6% 12.6%
2003 14.7% 13.5%
2002 8.4% 16.8%
2001 6.8% 9.1%
2000 7% 12.7%
1999 4.9% 2.9%
1998 3.2% 1.5%
1997 6.9% 7.4%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 8.31% in Mozambique. In 2024, inflation was 4.4% in Brazil and 3.2% in Mozambique.

Top exports between countries

Brazil
Export category Export value
Animal & marine products $17.1M
Processed food, beverages & tobacco $6.66M
Machinery & equipment $5.82M
Textiles & consumer goods $4.35M
Chemicals & pharma $3.86M
Raw agricultural goods $2.19M
Raw materials & minerals $1.2M
Wood & paper products $801K
Metals $642K
Weapons & explosives $182K
Mozambique
Export category Export value
Raw materials & minerals $31.4M
Processed food, beverages & tobacco $1.09M
Metals $222K
Raw agricultural goods $92K
Textiles & consumer goods $86K
Machinery & equipment $56K
Precious metals & jewellery $9K
Wood & paper products $6K
Chemicals & pharma $4K

Balance of trade

Brazil Mozambique
Current account balance
-$66.2B
2024
-$2.49B
2024
Current account balance ranking
188/190
2024
150/190
2024
Current account balance, % of GDP
-3.03%
2024
-11%
2024
Goods imports
$274B
2024
$8.38B
2024
Goods exports
$340B
2024
$8.21B
2024
Service imports
$103B
2024
$2.11B
2024
Service exports
$48.1B
2024
$1.15B
2024
Imports of goods and services, % of GDP
17.6%
2024
52.8%
2024
Exports of goods and services, % of GDP
17.9%
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.

Brazil Mozambique
Economic freedom 52.4 49.6
Economic freedom ranking 148/197 164/197
Property rights 49.2 29.7
Government integrity 37.2 25.1
Judicial effectiveness 55.6 43.4
Tax burden 70.6 75.8
Government spending 39.8 67
Fiscal health 28 39.1
Business freedom 65.7 40.2
Labor freedom 57 47.7
Monetary freedom 76 76.2
Trade freedom 69 71.2
Investment freedom 40 40
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Mozambique
1x
Year Economic freedom index
Brazil Mozambique
2026 52.4 49.6
2025 55.1 50.7
2024 53.2 50.7
2023 53.5 52.5
2022 53.3 51.3
2021 53.4 51.6
2020 53.7 50.5
2019 51.9 48.6
2018 51.4 46.3
2017 52.9 49.9
2016 56.5 53.2
2015 56.6 54.8
2014 56.9 55
2013 57.7 55
2012 57.9 57.1
2011 56.3 56.8
2010 55.6 56
2009 56.7 55.7
2008 56.2 55.4
2007 56.2 54.7
2006 60.9 51.9
2005 61.7 54.6
2004 62 57.2
2003 63.4 58.6
2002 61.5 57.7
2001 61.9 59.2
2000 61.1 52.2
1999 61.3 48.9
1998 52.3 43
1997 52.6 44
1996 48.1 48.4
1995 51.4 45.5

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, 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

Brazil Mozambique
Services, % of GDP
59.2%
2024
41.1%
2024
Industry, % of GDP
20.9%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
25.2%
2024
GNI, Atlas method
$2.11T
2024
$19.1B
2024
GNI per capita, PPP
$21,590
2024
$1,520
2024
Total reserves including gold
$330B
2024
$3.84B
2024
Total reserves ranking
11/177
2024
108/177
2024
Net foreign direct investment
-$47.8B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$74.1B
2024
$3.51B
2024
Net outflows of foreign direct investment
$26.3B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
22.4%
2024
Poverty at national poverty lines
4.2%
2020
65%
2022
Gross capital formation, % of GDP
17%
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/brazil/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.