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Economy of Burkina Faso vs Mozambique compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $22.7B for Mozambique, ranking 122/197 and 123/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Burkina Faso vs Mozambique GDP by year

Burkina Faso
Mozambique
1x
Year GDP, current $
Burkina Faso Mozambique
2024 $23,124,729,853 $22,745,341,305
2023 $20,112,614,449 $20,921,079,533
2022 $18,622,421,395 $18,883,528,581
2021 $19,697,516,284 $16,168,055,475
2020 $17,725,010,533 $14,235,420,174
2019 $16,032,813,503 $15,512,759,047
2018 $15,890,066,221 $15,017,358,953
2017 $14,106,955,615 $13,264,640,646
2016 $12,833,363,045 $12,069,051,237
2015 $11,832,159,316 $16,208,985,770
2014 $13,943,016,077 $17,978,246,586
2013 $13,444,300,486 $17,198,073,057
2012 $12,561,015,157 $16,688,114,144
2011 $12,080,295,978 $14,619,279,989
2010 $10,109,619,741 $11,411,894,724
2009 $9,450,696,873 $12,263,894,790
2008 $9,451,435,490 $12,920,340,965
2007 $7,625,722,837 $10,811,456,006
2006 $6,547,419,820 $9,509,835,537
2005 $6,146,353,173 $8,868,504,900
2004 $5,451,688,538 $7,937,255,565
2003 $4,740,768,143 $6,583,526,861
2002 $3,622,350,063 $5,950,769,427
2001 $3,190,371,081 $5,650,154,067
2000 $2,968,370,088 $5,930,685,215
1999 $3,389,566,713 $6,285,219,691
1998 $2,804,902,367 $5,551,118,149
1997 $2,447,669,102 $4,873,663,775
1996 $2,586,550,595 $4,030,146,135
1995 $2,379,517,975 $3,061,646,174
1994 $1,895,290,637 $2,958,108,170
1993 $3,199,536,465 $2,883,161,897
1992 $3,356,692,505 $2,798,696,511
1991 $3,135,045,584 $3,854,856,435
1990 $3,101,300,779 -
1989 $2,615,587,734 -
1988 $2,616,040,479 -
1987 $2,369,834,950 -
1986 $2,036,303,358 -
1985 $1,552,493,196 -
1984 $1,459,880,132 -
1983 $1,600,278,605 -
1982 $1,754,450,096 -
1981 $1,775,842,334 -
1980 $1,928,719,888 -
1979 $1,748,480,621 -
1978 $1,475,583,645 -
1977 $1,131,224,878 -
1976 $976,547,188 -
1975 $939,972,703 -
1974 $751,133,430 -
1973 $674,773,570 -
1972 $578,595,522 -
1971 $482,411,179 -
1970 $458,404,269 -
1969 $478,298,645 -
1968 $460,442,689 -
1967 $450,753,924 -
1966 $433,889,766 -
1965 $422,916,790 -
1964 $410,321,645 -
1963 $394,040,667 -
1962 $379,567,099 -
1961 $350,247,234 -
1960 $330,442,816 -

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

GeoRank.org/economy/burkina-faso/mozambique | CC BY

GDP per capita in Burkina Faso vs Mozambique by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $657 $1,705
2023 $873 $2,759 $622 $1,678
2022 $827 $2,645 $578 $1,582
2021 $896 $2,486 $510 $1,457
2020 $825 $2,381 $462 $1,412
2019 $765 $2,232 $519 $1,389
2018 $777 $2,073 $518 $1,326
2017 $709 $2,042 $471 $1,283
2016 $664 $1,882 $441 $1,379
2015 $630 $1,692 $611 $1,318
2014 $765 $1,661 $697 $1,166
2013 $760 $1,643 $687 $1,114
2012 $731 $1,572 $686 $1,076
2011 $725 $1,531 $618 $1,064
2010 $625 $1,449 $496 $1,000
2009 $602 $1,360 $548 $951
2008 $619 $1,351 $592 $916
2007 $515 $1,290 $508 $862
2006 $456 $1,244 $457 $798
2005 $441 $1,172 $437 $721
2004 $404 $1,079 $400 $673
2003 $362 $1,038 $339 $620
2002 $285.7 $974 $314 $580
2001 $259.5 $948 $305 $533
2000 $248.9 $896 $327 $472
1999 $292.8 $886 $354 $468
1998 $249.5 $838 $320 $422
1997 $223.9 $794 $287.5 $387
1996 $242.7 $753 $244.4 $350
1995 $229.1 $684 $191.8 $321
1994 $187.2 $650 $196.8 $326
1993 $324 $644 $205.2 $321
1992 $349 $623 $205.6 $292
1991 $334 $623 $288.7 $315
1990 $339 $567 - $296
1989 $293.2 - - -
1988 $301 - - -
1987 $280.2 - - -
1986 $247.5 - - -
1985 $194.1 - - -
1984 $187.8 - - -
1983 $211.9 - - -
1982 $239 - - -
1981 $248.7 - - -
1980 $277.6 - - -
1979 $258.5 - - -
1978 $223.9 - - -
1977 $176 - - -
1976 $155.5 - - -
1975 $152.9 - - -
1974 $124.7 - - -
1973 $114.1 - - -
1972 $99.6 - - -
1971 $84.5 - - -
1970 $81.7 - - -
1969 $86.8 - - -
1968 $85 - - -
1967 $84.6 - - -
1966 $82.8 - - -
1965 $82.1 - - -
1964 $80.9 - - -
1963 $78.9 - - -
1962 $77.2 - - -
1961 $72.2 - - -
1960 $69.2 - - -

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

GeoRank.org/economy/burkina-faso/mozambique | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Mozambique ranks 192nd at $1,705.

Economic indicators

Burkina Faso Mozambique
Gross domestic product
$23.1B
2024
$22.7B
2024
GDP rank
122/197
2024
123/197
2024
GDP growth
4.8%
2023-2024
2.15%
2023-2024
GDP per capita
$982
2024
$657
2024
GDP per capita rank
180/197
2024
189/197
2024
GDP per capita, PPP
$2,896
2024
$1,705
2024
GDP per capita PPP rank
181/197
2024
192/197
2024
Government debt
$13.2B
2024
$21.2B
2024
Debt-to-GDP ratio
57.2%
2024
93.2%
2024
Government debt per person
$562
2024
$612
2024
Government debt per person rank
162/185
2024
159/185
2024
Average annual personal income after taxes
$2,710
2026
$1,778
2026
Income share by richest 10%
30.2%
2021
40.8%
2022
Income share by poorest 10%
3%
2021
1.7%
2022
Government expenditure, % of GDP
27.8%
2024
33.2%
2024
Consumer prices inflation
4.19%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.44%
2024
6.79%
2022
Population
24756783
36941128

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Burkina Faso Mozambique
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 33.2% 93.2%
2023 29.4% 56.8% 33.3% 90.9%
2022 32.9% 59.2% 32.9% 100.3%
2021 27.8% 55.5% 32.1% 104.3%
2020 24.4% 43.6% 33.9% 120%
2019 23.3% 41.7% 28% 98.3%
2018 24.2% 38.1% 32.9% 105.5%
2017 26.3% 33.9% 29.5% 103.8%
2016 21.6% 32.9% 29.1% 124.8%
2015 20.4% 31.3% 32.2% 86%
2014 20.9% 26.1% 39.7% 63.4%
2013 25.3% 25.9% 31.7% 49.5%
2012 22.7% 25.2% 28.1% 36.7%
2011 20.4% 24.5% 28.9% 34.2%
2010 21.7% 23.7% 26.7% 38.6%
2009 21.5% 25.9% 25.7% 39.3%
2008 18.6% 24.9% 21.3% 32.8%
2007 22.8% 22.4% 20.9% 31.2%
2006 21.9% 20.1% 20.1% 40%
2005 20.2% 39.2% 17% 60.1%
2004 20.3% 40.7% 17.8% 50.8%
2003 17.6% 39.7% 18.6% 63.2%
2002 19.5% 43.3% 18.6% 63.4%
2001 19.7% 46.6% 20.8% 99.8%
2000 19.8% 47.5% 17.2% 95.8%
1999 21.4% 46.4% 15.6% 94.7%
1998 19.7% 47.7% 14.9% -
1997 20% 48.4% 16.5% -
1996 19.8% 45.8% 14.9% -
1995 19.4% 48.9% 18.8% -
1994 17.8% 55.1% 22.9% -
1993 17.9% 33.6% 20.7% -
1992 16.7% 29.6% 21.1% -
1991 17% 28.7% 17.3% -
1990 18.4% 25.6% 21% -
1989 14.2% 25.5% 27% -
1988 16.2% 28.8% 27% -
1987 19.2% 30.7% 22.9% -
1986 16.3% 27.6% 24.2% -
1985 11.5% 28.5% 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 (1980–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/mozambique | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 93.2% in Mozambique, ranking 89/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Mozambique
1x
Year Deficit/surplus, % of GDP
Burkina Faso Mozambique
2024 -5.84% -6.17%
2023 -6.91% -4.26%
2022 -10.9% -5.22%
2021 -7.45% -5.23%
2020 -5.16% -6.19%
2019 -3.39% 1.7%
2018 -4.43% -7.39%
2017 -6.92% -2.9%
2016 -3.08% -5.42%
2015 -2.09% -6.55%
2014 -1.74% -9.75%
2013 -3.55% -2.46%
2012 -2.76% -3.45%
2011 -2.04% -4.34%
2010 -4.06% -3.5%
2009 -4.16% -4.35%
2008 -3.63% -1.9%
2007 -5.01% -2.19%
2006 14.3% -3.03%
2005 -4.89% -2.06%
2004 -4.19% -3.17%
2003 -1.79% -2.64%
2002 -4.43% -3.36%
2001 -3.56% -4.43%
2000 -3.03% -1.26%
1999 -3.29% -0.31%
1998 -2.6% -1.08%
1997 -2.64% -1.81%
1996 -1.67% -2.07%
1995 -2.65% -2.46%
1994 -1.89% -4%
1993 -3.81% -2.53%
1992 -2.51% -1.85%
1991 -2.77% -2.01%
1990 -7.54% -4.42%
1989 1.96% -4.23%
1988 -4.32% -6.47%
1987 -5.27% -7.24%
1986 -5.1% -12.1%
1985 -1.21% -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/burkina-faso/mozambique | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, Burkina Faso recorded a fiscal deficit in 33 of those years, while Mozambique ran a deficit in 33 years. On average, Burkina Faso posted an annual deficit equal to 3.37% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
Burkina Faso

Mozambique
1x
Year Consumer prices inflation
Burkina Faso Mozambique
2024 4.19% 3.2%
2023 0.74% 7%
2022 14.3% 10.4%
2021 3.65% 6.6%
2020 1.88% 0.9%
2019 -3.23% 5.7%
2018 1.96% 3.2%
2017 1.48% 15.8%
2016 0.44% 18.4%
2015 0.72% 3.6%
2014 -0.26% 2.6%
2013 0.53% 4.3%
2012 3.82% 2.6%
2011 2.76% 11.2%
2010 -0.76% 12.4%
2009 2.61% 3.8%
2008 10.7% 14.5%
2007 -0.23% 10.4%
2006 2.33% 13.2%
2005 6.42% 6.4%
2004 -0.4% 12.6%
2003 2.03% 13.5%
2002 2.18% 16.8%
2001 5.01% 9.1%
2000 -0.3% 12.7%
1999 -1.07% 2.9%
1998 5.08% 1.5%
1997 2.32% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/burkina-faso/mozambique | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 8.31% in Mozambique. In 2024, inflation was 4.19% in Burkina Faso and 3.2% in Mozambique.

Top exports between countries

Burkina Faso
Export category Export value
Textiles & consumer goods $98K
Machinery & equipment $32K
Raw materials & minerals $4K
Mozambique
Export category Export value
Machinery & equipment $4K
Metals $2K
Raw materials & minerals $1K

Balance of trade

Burkina Faso Mozambique
Current account balance
-$1.02B
2023
-$2.49B
2024
Current account balance ranking
122/190
2023
150/190
2024
Current account balance, % of GDP
-5.06%
2023
-11%
2024
Goods imports
$5.38B
2023
$8.38B
2024
Goods exports
$5.29B
2023
$8.21B
2024
Service imports
$1.45B
2023
$2.11B
2024
Service exports
$621M
2023
$1.15B
2024
Imports of goods and services, % of GDP
31.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
28.6%
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.

Burkina Faso Mozambique
Economic freedom 49.1 49.6
Economic freedom ranking 167/197 164/197
Property rights 17.6 29.7
Government integrity 40.2 25.1
Judicial effectiveness 26.1 43.4
Tax burden 80.8 75.8
Government spending 72.9 67
Fiscal health 13.4 39.1
Business freedom 37.8 40.2
Labor freedom 62.1 47.7
Monetary freedom 71.9 76.2
Trade freedom 61 71.2
Investment freedom 65 40
Financial freedom 40 40

Economic freedom comparison by year

Burkina Faso
Mozambique
1x
Year Economic freedom index
Burkina Faso Mozambique
2026 49.1 49.6
2025 51 50.7
2024 51.9 50.7
2023 56.2 52.5
2022 58.3 51.3
2021 56.5 51.6
2020 56.7 50.5
2019 59.4 48.6
2018 60 46.3
2017 59.6 49.9
2016 59.1 53.2
2015 58.6 54.8
2014 58.9 55
2013 59.9 55
2012 60.6 57.1
2011 60.6 56.8
2010 59.4 56
2009 59.5 55.7
2008 55.7 55.4
2007 55.1 54.7
2006 55.8 51.9
2005 56.6 54.6
2004 58 57.2
2003 58.9 58.6
2002 58.8 57.7
2001 56.7 59.2
2000 55.7 52.2
1999 55 48.9
1998 54.5 43
1997 54 44
1996 49.4 48.4
1995 - 45.5

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

GeoRank.org/economy/burkina-faso/mozambique | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, 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

Burkina Faso Mozambique
Services, % of GDP
43.9%
2024
41.1%
2024
Industry, % of GDP
26.5%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
25.2%
2024
GNI, Atlas method
$20.1B
2024
$19.1B
2024
GNI per capita, PPP
$2,720
2024
$1,520
2024
Total reserves including gold n/a
$3.84B
2024
Total reserves ranking n/a
108/177
2024
Net foreign direct investment
-$64.3M
2023
-$3.55B
2024
Net inflows of foreign direct investment
$82.9M
2024
$3.51B
2024
Net outflows of foreign direct investment
$2.73M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
22.4%
2024
Poverty at national poverty lines
43.2%
2021
65%
2022
Gross capital formation, % of GDP
21.9%
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/burkina-faso/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) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–2001, retrieved 2026-02-20)
  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)

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.