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Economy of Cameroon vs Mozambique compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $22.7B for Mozambique, ranking 91/197 and 123/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Cameroon vs Mozambique GDP by year

Cameroon
Mozambique
1x
Year GDP, current $
Cameroon Mozambique
2024 $53,296,694,320 $22,745,341,305
2023 $48,814,501,547 $20,921,079,533
2022 $44,347,206,073 $18,883,528,581
2021 $45,011,937,347 $16,168,055,475
2020 $40,773,241,177 $14,235,420,174
2019 $39,667,757,528 $15,512,759,047
2018 $39,955,552,190 $15,017,358,953
2017 $36,098,547,033 $13,264,640,646
2016 $33,814,337,044 $12,069,051,237
2015 $32,210,233,020 $16,208,985,770
2014 $36,386,544,706 $17,978,246,586
2013 $33,728,621,180 $17,198,073,057
2012 $30,155,062,329 $16,688,114,144
2011 $30,630,910,495 $14,619,279,989
2010 $27,507,501,821 $11,411,894,724
2009 $27,932,970,317 $12,263,894,790
2008 $27,715,142,033 $12,920,340,965
2007 $23,928,250,433 $10,811,456,006
2006 $20,910,512,975 $9,509,835,537
2005 $19,509,852,207 $8,868,504,900
2004 $18,826,214,136 $7,937,255,565
2003 $15,970,315,035 $6,583,526,861
2002 $12,417,251,350 $5,950,769,427
2001 $10,953,485,349 $5,650,154,067
2000 $10,566,579,295 $5,930,685,215
1999 $11,565,826,465 $6,285,219,691
1998 $11,298,144,990 $5,551,118,149
1997 $10,789,458,433 $4,873,663,775
1996 $11,093,538,846 $4,030,146,135
1995 $10,864,772,471 $3,061,646,174
1994 $8,902,446,252 $2,958,108,170
1993 $16,181,814,713 $2,883,161,897
1992 $12,071,775,335 $2,798,696,511
1991 $11,840,192,296 $3,854,856,435
1990 $12,314,482,628 -
1989 $11,012,566,195 -
1988 $12,236,057,362 -
1987 $13,049,659,981 -
1986 $11,857,056,199 -
1985 $8,544,810,498 -
1984 $7,311,938,026 -
1983 $6,870,200,010 -
1982 $6,611,255,964 -
1981 $6,610,938,617 -
1980 $6,674,569,047 -
1979 $5,919,002,983 -
1978 $4,662,852,583 -
1977 $3,394,664,024 -
1976 $2,898,090,002 -
1975 $2,857,037,371 -
1974 $2,157,415,533 -
1973 $1,901,393,361 -
1972 $1,498,251,890 -
1971 $1,236,941,394 -
1970 $1,151,216,993 -
1969 $1,100,551,489 -
1968 $1,046,191,218 -
1967 $936,175,260 -
1966 $851,112,535 -
1965 $814,083,266 -
1964 $776,650,177 -
1963 $718,320,845 -
1962 $694,247,864 -
1961 $652,777,608 -
1960 $614,206,068 -

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

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

GDP per capita in Cameroon vs Mozambique by year

Cameroon
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $657 $1,705
2023 $1,720 $5,411 $622 $1,678
2022 $1,605 $5,189 $578 $1,582
2021 $1,672 $4,794 $510 $1,457
2020 $1,556 $4,365 $462 $1,412
2019 $1,555 $4,241 $519 $1,389
2018 $1,611 $4,011 $518 $1,326
2017 $1,496 $3,767 $471 $1,283
2016 $1,442 $3,627 $441 $1,379
2015 $1,415 $3,498 $611 $1,318
2014 $1,649 $3,422 $697 $1,166
2013 $1,576 $3,239 $687 $1,114
2012 $1,449 $3,060 $686 $1,076
2011 $1,514 $2,989 $618 $1,064
2010 $1,399 $2,914 $496 $1,000
2009 $1,461 $2,879 $548 $951
2008 $1,492 $2,870 $592 $916
2007 $1,326 $2,818 $508 $862
2006 $1,191 $2,704 $457 $798
2005 $1,143 $2,598 $437 $721
2004 $1,133 $2,533 $400 $673
2003 $988 $2,368 $339 $620
2002 $790 $2,263 $314 $580
2001 $715 $2,191 $305 $533
2000 $709 $2,108 $327 $472
1999 $796 $2,039 $354 $468
1998 $799 $1,975 $320 $422
1997 $783 $1,915 $287.5 $387
1996 $827 $1,850 $244.4 $350
1995 $832 $1,790 $191.8 $321
1994 $701 $1,752 $196.8 $326
1993 $1,310 $1,731 $205.2 $321
1992 $1,005 $1,890 $205.6 $292
1991 $1,015 $1,963 $288.7 $315
1990 $1,087 $2,032 - $296
1989 $1,001 - - -
1988 $1,145 - - -
1987 $1,258 - - -
1986 $1,179 - - -
1985 $875 - - -
1984 $772 - - -
1983 $746 - - -
1982 $732 - - -
1981 $750 - - -
1980 $784 - - -
1979 $718 - - -
1978 $582 - - -
1977 $435 - - -
1976 $381 - - -
1975 $386 - - -
1974 $299.9 - - -
1973 $271.8 - - -
1972 $220.1 - - -
1971 $186.7 - - -
1970 $178.5 - - -
1969 $175.2 - - -
1968 $170.8 - - -
1967 $156.6 - - -
1966 $145.8 - - -
1965 $142.7 - - -
1964 $139.2 - - -
1963 $131.6 - - -
1962 $130 - - -
1961 $124.6 - - -
1960 $119.1 - - -

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

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Mozambique ranks 192nd at $1,705.

Economic indicators

Cameroon Mozambique
Gross domestic product
$53.3B
2024
$22.7B
2024
GDP rank
91/197
2024
123/197
2024
GDP growth
3.52%
2023-2024
2.15%
2023-2024
GDP per capita
$1,830
2024
$657
2024
GDP per capita rank
158/197
2024
189/197
2024
GDP per capita, PPP
$5,589
2024
$1,705
2024
GDP per capita PPP rank
156/197
2024
192/197
2024
Government debt
$22.8B
2024
$21.2B
2024
Debt-to-GDP ratio
42.8%
2024
93.2%
2024
Government debt per person
$784
2024
$612
2024
Government debt per person rank
152/185
2024
159/185
2024
Average annual personal income after taxes
$1,578
2026
$1,778
2026
Income share by richest 10%
31.1%
2021
40.8%
2022
Income share by poorest 10%
2.1%
2021
1.7%
2022
Government expenditure, % of GDP
16.7%
2024
33.2%
2024
Consumer prices inflation
4.53%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.28%
2021
6.79%
2022
Population
30864115
36941128

Spending and national debt comparison by year

Cameroon
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Cameroon Mozambique
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 33.2% 93.2%
2023 17.1% 43.1% 33.3% 90.9%
2022 17.1% 45.6% 32.9% 100.3%
2021 17.1% 47.2% 32.1% 104.3%
2020 16.6% 44.9% 33.9% 120%
2019 18.7% 41.6% 28% 98.3%
2018 18% 38.3% 32.9% 105.5%
2017 19.2% 36.5% 29.5% 103.8%
2016 20.2% 32.1% 29.1% 124.8%
2015 20.1% 31.6% 32.2% 86%
2014 20.1% 20.7% 39.7% 63.4%
2013 19.2% 17.5% 31.7% 49.5%
2012 17.2% 14.9% 28.1% 36.7%
2011 17.8% 15.9% 28.9% 34.2%
2010 15.2% 14% 26.7% 38.6%
2009 14.7% 11.3% 25.7% 39.3%
2008 15.9% 11.2% 21.3% 32.8%
2007 13.5% 13.8% 20.9% 31.2%
2006 12.5% 18.4% 20.1% 40%
2005 12.4% 43.8% 17% 60.1%
2004 13.4% 51.7% 17.8% 50.8%
2003 13.2% 51.5% 18.6% 63.2%
2002 13.9% 56.6% 18.6% 63.4%
2001 14.6% 62.2% 20.8% 99.8%
2000 14.6% 75.9% 17.2% 95.8%
1999 - 68.4% 15.6% 94.7%
1998 - 67.8% 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/cameroon/mozambique | CC BY

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 93.2% in Mozambique, ranking 125/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Mozambique
1x
Year Deficit/surplus, % of GDP
Cameroon Mozambique
2024 -1.48% -6.17%
2023 -0.63% -4.26%
2022 -1.11% -5.22%
2021 -3.01% -5.23%
2020 -3.19% -6.19%
2019 -3.24% 1.7%
2018 -2.41% -7.39%
2017 -4.72% -2.9%
2016 -5.88% -5.42%
2015 -4.25% -6.55%
2014 -4.09% -9.75%
2013 -3.55% -2.46%
2012 -1.4% -3.45%
2011 -2.26% -4.34%
2010 -0.93% -3.5%
2009 -0.04% -4.35%
2008 2% -1.9%
2007 3.87% -2.19%
2006 28.2% -3.03%
2005 3.03% -2.06%
2004 -0.46% -3.17%
2003 0.56% -2.64%
2002 1.51% -3.36%
2001 0.86% -4.43%
2000 1.54% -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/cameroon/mozambique | CC BY

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Mozambique ran a deficit in 24 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 3.98% of GDP for Mozambique.

Inflation comparison by year

Inflation
Cameroon

Mozambique
1x
Year Consumer prices inflation
Cameroon Mozambique
2024 4.53% 3.2%
2023 7.38% 7%
2022 6.25% 10.4%
2021 2.27% 6.6%
2020 2.44% 0.9%
2019 2.45% 5.7%
2018 1.07% 3.2%
2017 0.64% 15.8%
2016 0.87% 18.4%
2015 2.68% 3.6%
2014 1.85% 2.6%
2013 2.05% 4.3%
2012 2.74% 2.6%
2011 2.94% 11.2%
2010 1.28% 12.4%
2009 3.04% 3.8%
2008 5.34% 14.5%
2007 0.92% 10.4%
2006 5.12% 13.2%
2005 2.01% 6.4%
2004 0.23% 12.6%
2003 0.62% 13.5%
2002 2.83% 16.8%
2001 4.42% 9.1%
2000 1.23% 12.7%
1999 1.87% 2.9%
1998 3.17% 1.5%
1997 4.79% 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/cameroon/mozambique | CC BY

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 8.31% in Mozambique. In 2024, inflation was 4.53% in Cameroon and 3.2% in Mozambique.

Top exports between countries

Cameroon
Export category Export value
Textiles & consumer goods $2.57M
Chemicals & pharma $235K
Raw agricultural goods $171K
Machinery & equipment $38K
Metals $14K
Raw materials & minerals $6K
Wood & paper products $2K
Mozambique
Export category Export value
Animal & marine products $54K
Raw materials & minerals $49K
Textiles & consumer goods $28K
Machinery & equipment $20K
Chemicals & pharma $3K
Metals $2K
Processed food, beverages & tobacco $2K
Miscellaneous $1K
Precious metals & jewellery $1K
Wood & paper products $1K

Balance of trade

Cameroon Mozambique
Current account balance
-$2.02B
2023
-$2.49B
2024
Current account balance ranking
144/190
2023
150/190
2024
Current account balance, % of GDP
-4.14%
2023
-11%
2024
Goods imports
$7.74B
2023
$8.38B
2024
Goods exports
$6.34B
2023
$8.21B
2024
Service imports
$2.55B
2023
$2.11B
2024
Service exports
$2.01B
2023
$1.15B
2024
Imports of goods and services, % of GDP
18.7%
2024
52.8%
2024
Exports of goods and services, % of GDP
15.7%
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.

Cameroon Mozambique
Economic freedom 52 49.6
Economic freedom ranking 151/197 164/197
Property rights 28.1 29.7
Government integrity 21 25.1
Judicial effectiveness 10.1 43.4
Tax burden 72.2 75.8
Government spending 91.4 67
Fiscal health 94.5 39.1
Business freedom 48.6 40.2
Labor freedom 45.6 47.7
Monetary freedom 75.3 76.2
Trade freedom 57.2 71.2
Investment freedom 30 40
Financial freedom 50 40

Economic freedom comparison by year

Cameroon
Mozambique
1x
Year Economic freedom index
Cameroon Mozambique
2026 52 49.6
2025 52.1 50.7
2024 53.6 50.7
2023 51.9 52.5
2022 52.9 51.3
2021 53.4 51.6
2020 53.6 50.5
2019 52.4 48.6
2018 51.9 46.3
2017 51.8 49.9
2016 54.2 53.2
2015 51.9 54.8
2014 52.6 55
2013 52.3 55
2012 51.8 57.1
2011 51.8 56.8
2010 52.3 56
2009 53 55.7
2008 54.3 55.4
2007 55.6 54.7
2006 54.6 51.9
2005 53 54.6
2004 52.3 57.2
2003 52.7 58.6
2002 52.8 57.7
2001 53.3 59.2
2000 49.9 52.2
1999 50.3 48.9
1998 48 43
1997 44.6 44
1996 45.7 48.4
1995 51.3 45.5

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

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, 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

Cameroon Mozambique
Services, % of GDP
50.7%
2024
41.1%
2024
Industry, % of GDP
23.2%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
25.2%
2024
GNI, Atlas method
$49.5B
2024
$19.1B
2024
GNI per capita, PPP
$5,490
2024
$1,520
2024
Total reserves including gold
$4.88B
2023
$3.84B
2024
Total reserves ranking
103/177
2023
108/177
2024
Net foreign direct investment
-$901M
2023
-$3.55B
2024
Net inflows of foreign direct investment
$888M
2024
$3.51B
2024
Net outflows of foreign direct investment
$63.4M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
22.4%
2024
Poverty at national poverty lines
37.7%
2021
65%
2022
Gross capital formation, % of GDP
18.9%
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/cameroon/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. 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 (2021–2024, 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.