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Economy of China vs Mozambique compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $22.7B for Mozambique, ranking 2/197 and 123/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

China vs Mozambique GDP by year

China
Mozambique
1x
Year GDP, current $
China Mozambique
2024 $18,743,803,170,827 $22,745,341,305
2023 $18,270,356,654,533 $20,921,079,533
2022 $18,316,765,021,690 $18,883,528,581
2021 $18,201,698,719,564 $16,168,055,475
2020 $14,996,414,166,715 $14,235,420,174
2019 $14,560,167,101,283 $15,512,759,047
2018 $14,147,765,772,964 $15,017,358,953
2017 $12,537,559,062,283 $13,264,640,646
2016 $11,456,024,084,962 $12,069,051,237
2015 $11,280,814,787,469 $16,208,985,770
2014 $10,674,533,168,257 $17,978,246,586
2013 $9,743,124,247,267 $17,198,073,057
2012 $8,673,664,713,189 $16,688,114,144
2011 $7,671,757,207,851 $14,619,279,989
2010 $6,192,564,874,453 $11,411,894,724
2009 $5,189,577,094,998 $12,263,894,790
2008 $4,667,346,414,522 $12,920,340,965
2007 $3,604,055,822,572 $10,811,456,006
2006 $2,791,498,472,804 $9,509,835,537
2005 $2,317,551,298,052 $8,868,504,900
2004 $1,984,196,551,300 $7,937,255,565
2003 $1,683,903,309,844 $6,583,526,861
2002 $1,489,821,682,051 $5,950,769,427
2001 $1,355,036,590,252 $5,650,154,067
2000 $1,223,754,919,971 $5,930,685,215
1999 $1,103,843,203,576 $6,285,219,691
1998 $1,037,134,141,760 $5,551,118,149
1997 $967,753,570,435 $4,873,663,775
1996 $868,523,936,530 $4,030,146,135
1995 $738,190,896,228 $3,061,646,174
1994 $566,929,539,493 $2,958,108,170
1993 $446,557,291,212 $2,883,161,897
1992 $428,502,354,788 $2,798,696,511
1991 $384,510,452,962 $3,854,856,435
1990 $361,560,229,446 -
1989 $348,380,566,802 -
1988 $312,888,888,889 -
1987 $273,455,156,951 -
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

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

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

GDP per capita in China vs Mozambique by year

China
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $657 $1,705
2023 $12,951 $25,179 $622 $1,678
2022 $12,971 $23,032 $578 $1,582
2021 $12,887 $20,843 $510 $1,457
2020 $10,627 $18,267 $462 $1,412
2019 $10,343 $17,601 $519 $1,389
2018 $10,086 $16,298 $518 $1,326
2017 $8,980 $15,022 $471 $1,283
2016 $8,255 $14,157 $441 $1,379
2015 $8,175 $13,463 $611 $1,318
2014 $7,781 $12,942 $697 $1,166
2013 $7,147 $12,228 $687 $1,114
2012 $6,405 $11,420 $686 $1,076
2011 $5,704 $10,457 $618 $1,064
2010 $4,629 $9,411 $496 $1,000
2009 $3,898 $8,448 $548 $951
2008 $3,523 $7,713 $592 $916
2007 $2,735 $6,935 $508 $862
2006 $2,129 $5,946 $457 $798
2005 $1,778 $5,148 $437 $721
2004 $1,531 $4,505 $400 $673
2003 $1,307 $4,007 $339 $620
2002 $1,164 $3,591 $314 $580
2001 $1,065 $3,258 $305 $533
2000 $969 $2,964 $327 $472
1999 $881 $2,690 $354 $468
1998 $835 $2,483 $320 $422
1997 $787 $2,297 $287.5 $387
1996 $713 $2,088 $244.4 $350
1995 $613 $1,884 $191.8 $321
1994 $476 $1,680 $196.8 $326
1993 $379 $1,471 $205.2 $321
1992 $368 $1,276 $205.6 $292
1991 $334 $1,105 $288.7 $315
1990 $319 $991 - $296
1989 $311 - - -
1988 $284 - - -
1987 $252.3 - - -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

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

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

China's GDP per capita is $13,303, ranking 76/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Mozambique ranks 192nd at $1,705.

Economic indicators

China Mozambique
Gross domestic product
$18.7T
2024
$22.7B
2024
GDP rank
2/197
2024
123/197
2024
GDP growth
4.98%
2023-2024
2.15%
2023-2024
GDP per capita
$13,303
2024
$657
2024
GDP per capita rank
76/197
2024
189/197
2024
GDP per capita, PPP
$27,105
2024
$1,705
2024
GDP per capita PPP rank
77/197
2024
192/197
2024
Government debt
$16.6T
2024
$21.2B
2024
Debt-to-GDP ratio
88.3%
2024
93.2%
2024
Government debt per person
$11,749
2024
$612
2024
Government debt per person rank
47/185
2024
159/185
2024
Average annual personal income after taxes
$9,826
2026
$1,778
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
40.8%
2022
Income share by poorest 10%
3.1%
2022
1.7%
2022
Government expenditure, % of GDP
32.9%
2024
33.2%
2024
Consumer prices inflation
0.2%
2023-2024
3.2%
2023-2024
Central bank interest rate
3.1%
2024
9.75%
2025
Unemployment rate
5.11%
2021
6.79%
2022
Population
1402578808
36941128

Spending and national debt comparison by year

China
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
China Mozambique
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 33.2% 93.2%
2023 32.7% 82% 33.3% 90.9%
2022 32.6% 75.5% 32.9% 100.3%
2021 31.9% 70.1% 32.1% 104.3%
2020 34.8% 69% 33.9% 120%
2019 33.6% 59.4% 28% 98.3%
2018 32.6% 55.6% 32.9% 105.5%
2017 32% 53.9% 29.5% 103.8%
2016 31.7% 49.7% 29.1% 124.8%
2015 31% 40.8% 32.2% 86%
2014 28.4% 39.3% 39.7% 63.4%
2013 28.1% 36.4% 31.7% 49.5%
2012 27.7% 33.8% 28.1% 36.7%
2011 26.6% 33.2% 28.9% 34.2%
2010 24.7% 33.3% 26.7% 38.6%
2009 25.2% 34% 25.7% 39.3%
2008 22.2% 26.7% 21.3% 32.8%
2007 17.9% 28.7% 20.9% 31.2%
2006 18.1% 25.2% 20.1% 40%
2005 18% 25.9% 17% 60.1%
2004 17.6% 26% 17.8% 50.8%
2003 18% 26.4% 18.6% 63.2%
2002 18.2% 25.6% 18.6% 63.4%
2001 17.2% 24.3% 20.8% 99.8%
2000 16.1% 22.7% 17.2% 95.8%
1999 14.9% 21.6% 15.6% 94.7%
1998 12.6% 20.4% 14.9% -
1997 11.5% 20.4% 16.5% -
1996 11% 21.2% 14.9% -
1995 11.1% 21.4% 18.8% -
1994 12.4% - 22.9% -
1993 13.4% - 20.7% -
1992 14.6% - 21.1% -
1991 16.5% - 17.3% -
1990 18.2% - 21% -
1989 18.6% - 27% -
1988 20.9% 4.46% 27% -
1987 23.4% 3.6% 22.9% -
1986 25.6% 3.24% 24.2% -
1985 25.8% 3.31% 21% -
1984 26.9% 0.97% 30.9% -
1983 28.3% - 35.3% -
1982 27.9% - 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/china/mozambique | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 88.3% in China and 93.2% in Mozambique, ranking 34/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
China

Mozambique
1x
Year Deficit/surplus, % of GDP
China Mozambique
2024 -7.34% -6.17%
2023 -6.71% -4.26%
2022 -7.32% -5.22%
2021 -5.9% -5.23%
2020 -9.56% -6.19%
2019 -6% 1.7%
2018 -4.2% -7.39%
2017 -3.34% -2.9%
2016 -3.33% -5.42%
2015 -2.5% -6.55%
2014 -0.67% -9.75%
2013 -0.82% -2.46%
2012 -0.3% -3.45%
2011 -0.1% -4.34%
2010 -0.36% -3.5%
2009 -1.72% -4.35%
2008 -0.02% -1.9%
2007 0.06% -2.19%
2006 -1.13% -3.03%
2005 -1.38% -2.06%
2004 -1.49% -3.17%
2003 -2.36% -2.64%
2002 -2.84% -3.36%
2001 -2.56% -4.43%
2000 -2.81% -1.26%
1999 -2.3% -0.31%
1998 -1.08% -1.08%
1997 -0.73% -1.81%
1996 -0.73% -2.07%
1995 -0.94% -2.46%
1994 -1.68% -4%
1993 -0.89% -2.53%
1992 -1.22% -1.85%
1991 -1.04% -2.01%
1990 -0.72% -4.42%
1989 -0.91% -4.23%
1988 -2.22% -6.47%
1987 -2.08% -7.24%
1986 -1.82% -12.1%
1985 -0.45% -9.69%
1984 -1.44% -13.4%
1983 -1.61% -15.8%
1982 -1.33% -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/china/mozambique | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, China recorded a fiscal deficit in 33 of those years, while Mozambique ran a deficit in 33 years. On average, China posted an annual deficit equal to 2.51% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
China

Mozambique
1x
Year Consumer prices inflation
China Mozambique
2024 0.2% 3.2%
2023 0.2% 7%
2022 2% 10.4%
2021 0.9% 6.6%
2020 2.5% 0.9%
2019 2.9% 5.7%
2018 2.1% 3.2%
2017 1.6% 15.8%
2016 2% 18.4%
2015 1.5% 3.6%
2014 2% 2.6%
2013 2.7% 4.3%
2012 2.6% 2.6%
2011 5.4% 11.2%
2010 3.3% 12.4%
2009 -0.7% 3.8%
2008 5.9% 14.5%
2007 4.7% 10.4%
2006 1.5% 13.2%
2005 1.8% 6.4%
2004 3.9% 12.6%
2003 1.1% 13.5%
2002 -0.8% 16.8%
2001 0.7% 9.1%
2000 0.4% 12.7%
1999 -1.4% 2.9%
1998 -0.8% 1.5%
1997 2.8% 7.4%

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

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

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 8.31% in Mozambique. In 2024, inflation was 0.2% in China and 3.2% in Mozambique.

Top exports between countries

China
Export category Export value
Machinery & equipment $1.31B
Textiles & consumer goods $899M
Metals $437M
Chemicals & pharma $420M
Raw materials & minerals $190M
Miscellaneous $39.7M
Wood & paper products $32.7M
Processed food, beverages & tobacco $24.3M
Raw agricultural goods $24.1M
Precious metals & jewellery $6.58M
Mozambique
Export category Export value
Raw materials & minerals $1.11B
Raw agricultural goods $202M
Metals $11.9M
Wood & paper products $11.6M
Animal & marine products $8.46M
Precious metals & jewellery $6.27M
Textiles & consumer goods $2.31M
Processed food, beverages & tobacco $1.22M
Machinery & equipment $810K
Chemicals & pharma $334K

Balance of trade

China Mozambique
Current account balance
$424B
2024
-$2.49B
2024
Current account balance ranking
1/190
2024
150/190
2024
Current account balance, % of GDP
+2.26%
2024
-11%
2024
Goods imports
$2.64T
2024
$8.38B
2024
Goods exports
$3.41T
2024
$8.21B
2024
Service imports
$613B
2024
$2.11B
2024
Service exports
$384B
2024
$1.15B
2024
Imports of goods and services, % of GDP
17.2%
2024
52.8%
2024
Exports of goods and services, % of GDP
20%
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.

China Mozambique
Economic freedom 48.3 49.6
Economic freedom ranking 170/197 164/197
Property rights 40.9 29.7
Government integrity 42.3 25.1
Judicial effectiveness 38.6 43.4
Tax burden 69.3 75.8
Government spending 67.8 67
Fiscal health 4.4 39.1
Business freedom 68.7 40.2
Labor freedom 57.9 47.7
Monetary freedom 76.1 76.2
Trade freedom 73.4 71.2
Investment freedom 20 40
Financial freedom 20 40

Economic freedom comparison by year

China
Mozambique
1x
Year Economic freedom index
China Mozambique
2026 48.3 49.6
2025 49 50.7
2024 48.5 50.7
2023 48.3 52.5
2022 48 51.3
2021 58.4 51.6
2020 59.5 50.5
2019 58.4 48.6
2018 57.8 46.3
2017 57.4 49.9
2016 52 53.2
2015 52.7 54.8
2014 52.5 55
2013 51.9 55
2012 51.2 57.1
2011 52 56.8
2010 51 56
2009 53.2 55.7
2008 53.1 55.4
2007 52 54.7
2006 53.6 51.9
2005 53.7 54.6
2004 52.5 57.2
2003 52.6 58.6
2002 52.8 57.7
2001 52.6 59.2
2000 56.4 52.2
1999 54.8 48.9
1998 53.1 43
1997 51.7 44
1996 51.3 48.4
1995 52 45.5

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

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

The Economic Freedom Index for China is 48.3, ranking 170/197, 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

China Mozambique
Services, % of GDP
56.7%
2024
41.1%
2024
Industry, % of GDP
36.5%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
25.2%
2024
GNI, Atlas method
$19.3T
2024
$19.1B
2024
GNI per capita, PPP
$26,920
2024
$1,520
2024
Total reserves including gold
$3.46T
2024
$3.84B
2024
Total reserves ranking
1/177
2024
108/177
2024
Net foreign direct investment
$154B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$18.6B
2024
$3.51B
2024
Net outflows of foreign direct investment
$172B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
22.4%
2024
Poverty at national poverty lines
0%
2020
65%
2022
Gross capital formation, % of GDP
40.6%
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/china/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 (1980–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (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.