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Economy of Colombia vs Mozambique compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $22.7B for Mozambique, ranking 39/197 and 123/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Colombia vs Mozambique GDP by year

Colombia
Mozambique
1x
Year GDP, current $
Colombia Mozambique
2024 $418,818,154,879 $22,745,341,305
2023 $366,291,836,138 $20,921,079,533
2022 $345,632,492,851 $18,883,528,581
2021 $318,524,633,225 $16,168,055,475
2020 $270,348,342,541 $14,235,420,174
2019 $323,031,701,193 $15,512,759,047
2018 $334,198,218,098 $15,017,358,953
2017 $311,866,875,157 $13,264,640,646
2016 $282,720,100,286 $12,069,051,237
2015 $293,492,370,193 $16,208,985,770
2014 $381,240,864,422 $17,978,246,586
2013 $382,093,697,078 $17,198,073,057
2012 $370,691,143,018 $16,688,114,144
2011 $334,966,134,805 $14,619,279,989
2010 $286,498,534,095 $11,411,894,724
2009 $232,468,663,110 $12,263,894,790
2008 $242,504,150,473 $12,920,340,965
2007 $206,229,540,926 $10,811,456,006
2006 $161,792,958,905 $9,509,835,537
2005 $145,600,529,606 $8,868,504,900
2004 $117,092,416,666 $7,937,255,565
2003 $94,644,969,157 $6,583,526,861
2002 $97,945,812,803 $5,950,769,427
2001 $98,200,641,203 $5,650,154,067
2000 $99,875,074,951 $5,930,685,215
1999 $86,186,158,685 $6,285,219,691
1998 $98,443,739,941 $5,551,118,149
1997 $106,659,508,271 $4,873,663,775
1996 $97,160,109,278 $4,030,146,135
1995 $92,507,279,383 $3,061,646,174
1994 $81,703,500,846 $2,958,108,170
1993 $66,446,804,803 $2,883,161,897
1992 $58,418,985,443 $2,798,696,511
1991 $49,175,565,911 $3,854,856,435
1990 $47,844,090,710 -
1989 $39,540,080,200 -
1988 $39,212,550,050 -
1987 $36,373,307,085 -
1986 $34,942,489,684 -
1985 $34,894,411,352 -
1984 $38,253,120,738 -
1983 $38,729,822,782 -
1982 $38,968,039,722 -
1981 $36,388,366,869 -
1980 $33,400,735,644 -
1979 $27,940,411,250 -
1978 $23,263,511,958 -
1977 $19,470,960,619 -
1976 $15,341,403,660 -
1975 $13,098,633,902 -
1974 $12,370,029,584 -
1973 $10,315,760,000 -
1972 $8,671,358,733 -
1971 $7,820,380,971 -
1970 $7,198,360,460 -
1969 $6,450,175,214 -
1968 $5,960,212,869 -
1967 $5,825,170,438 -
1966 $5,428,518,519 -
1965 $5,760,761,905 -
1964 $5,973,366,667 -
1963 $4,836,166,667 -
1962 $4,955,543,963 -
1961 $4,540,447,761 -
1960 $4,031,152,977 -

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

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

GDP per capita in Colombia vs Mozambique by year

Colombia
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 $657 $1,705
2023 $7,001 $21,246 $622 $1,678
2022 $6,680 $20,854 $578 $1,582
2021 $6,223 $17,383 $510 $1,457
2020 $5,340 $15,519 $462 $1,412
2019 $6,473 $16,182 $519 $1,389
2018 $6,817 $15,239 $518 $1,326
2017 $6,480 $14,401 $471 $1,283
2016 $5,960 $14,027 $441 $1,379
2015 $6,249 $13,332 $611 $1,318
2014 $8,187 $13,355 $697 $1,166
2013 $8,279 $12,780 $687 $1,114
2012 $8,109 $12,093 $686 $1,076
2011 $7,401 $11,707 $618 $1,064
2010 $6,398 $10,841 $496 $1,000
2009 $5,251 $10,367 $548 $951
2008 $5,542 $10,307 $592 $916
2007 $4,770 $9,909 $508 $862
2006 $3,790 $9,154 $457 $798
2005 $3,456 $8,432 $437 $721
2004 $2,819 $7,909 $400 $673
2003 $2,312 $7,420 $339 $620
2002 $2,429 $7,109 $314 $580
2001 $2,473 $6,935 $305 $533
2000 $2,555 $6,776 $327 $472
1999 $2,241 $6,544 $354 $468
1998 $2,605 $6,854 $320 $422
1997 $2,873 $6,861 $287.5 $387
1996 $2,665 $6,639 $244.4 $350
1995 $2,584 $6,506 $191.8 $321
1994 $2,326 $6,174 $196.8 $326
1993 $1,929 $5,826 $205.2 $321
1992 $1,730 $5,509 $205.6 $292
1991 $1,486 $5,281 $288.7 $315
1990 $1,475 $5,109 - $296
1989 $1,244 - - -
1988 $1,260 - - -
1987 $1,193 - - -
1986 $1,169 - - -
1985 $1,192 - - -
1984 $1,336 - - -
1983 $1,384 - - -
1982 $1,425 - - -
1981 $1,362 - - -
1980 $1,280 - - -
1979 $1,095 - - -
1978 $932 - - -
1977 $798 - - -
1976 $643 - - -
1975 $561 - - -
1974 $542 - - -
1973 $462 - - -
1972 $397 - - -
1971 $367 - - -
1970 $346 - - -
1969 $318 - - -
1968 $302 - - -
1967 $303 - - -
1966 $290.3 - - -
1965 $317 - - -
1964 $339 - - -
1963 $282.6 - - -
1962 $298.5 - - -
1961 $282.1 - - -
1960 $258.3 - - -

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

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

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Mozambique ranks 192nd at $1,705.

Economic indicators

Colombia Mozambique
Gross domestic product
$419B
2024
$22.7B
2024
GDP rank
39/197
2024
123/197
2024
GDP growth
1.6%
2023-2024
2.15%
2023-2024
GDP per capita
$7,919
2024
$657
2024
GDP per capita rank
94/197
2024
189/197
2024
GDP per capita, PPP
$22,349
2024
$1,705
2024
GDP per capita PPP rank
87/197
2024
192/197
2024
Government debt
$256B
2024
$21.2B
2024
Debt-to-GDP ratio
61.2%
2024
93.2%
2024
Government debt per person
$4,849
2024
$612
2024
Government debt per person rank
82/185
2024
159/185
2024
Average annual personal income after taxes
$5,722
2026
$1,778
2026
Market capitalization of domestic companies
$72.6B
2024
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
42.7%
2023
40.8%
2022
Income share by poorest 10%
1.1%
2023
1.7%
2022
Government expenditure, % of GDP
34.6%
2024
33.2%
2024
Consumer prices inflation
6.61%
2023-2024
3.2%
2023-2024
Central bank interest rate
9.25%
2025
9.75%
2025
Unemployment rate
9.62%
2024
6.79%
2022
Population
54105437
36941128

Spending and national debt comparison by year

Colombia
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Colombia Mozambique
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 33.2% 93.2%
2023 35.1% 55.5% 33.3% 90.9%
2022 34.1% 61.3% 32.9% 100.3%
2021 34.5% 64.4% 32.1% 104.3%
2020 33.7% 65.3% 33.9% 120%
2019 32.9% 51% 28% 98.3%
2018 34.7% 51.8% 32.9% 105.5%
2017 29.3% 49.4% 29.5% 103.8%
2016 30% 49.9% 29.1% 124.8%
2015 31.3% 50.4% 32.2% 86%
2014 31.3% 43.3% 39.7% 63.4%
2013 30% 37.6% 31.7% 49.5%
2012 29.1% 34% 28.1% 36.7%
2011 30.2% 35.8% 28.9% 34.2%
2010 30.4% 36.5% 26.7% 38.6%
2009 30.9% 35.4% 25.7% 39.3%
2008 28.4% 32.4% 21.3% 32.8%
2007 28.2% 32.7% 20.9% 31.2%
2006 28.4% 36% 20.1% 40%
2005 25.9% 38.5% 17% 60.1%
2004 26.6% 41.5% 17.8% 50.8%
2003 28% 45% 18.6% 63.2%
2002 28.1% 47.5% 18.6% 63.4%
2001 27.5% 41.1% 20.8% 99.8%
2000 26.6% 38% 17.2% 95.8%
1999 28.2% 34% 15.6% 94.7%
1998 26.3% 27.4% 14.9% -
1997 26.2% 25.3% 16.5% -
1996 25.1% 23.3% 14.9% -
1995 22.2% 13.8% 18.8% -
1994 20.6% 12.5% 22.9% -
1993 20% 14.2% 20.7% -
1992 18.4% 16.1% 21.1% -
1991 17.7% 14.5% 17.3% -
1990 17.4% 16.7% 21% -
1989 10.3% 17.3% 27% -
1988 10.3% 17.9% 27% -
1987 9.7% 18.9% 22.9% -
1986 9.8% 20.2% 24.2% -
1985 10.5% 19.3% 21% -
1984 10.3% 15.5% 30.9% -
1983 10.2% 10.8% 35.3% -
1982 10.6% 8.8% 27% -
1981 9.9% 8.5% 23.8% -
1980 9.6% 8% 14.2% -
1979 8.6% 7.7% - -
1978 8.1% 7.6% - -
1977 7.7% 9.2% - -
1976 8% 12.2% - -
1975 9.4% 14.6% - -
1974 8.8% 15.9% - -
1973 9.4% 16.3% - -
1972 10.3% 16.9% - -
1971 10.3% 16.2% - -
1970 10% 16.7% - -
1969 9.2% 17% - -
1968 8.9% 16.2% - -
1967 8.2% 15.8% - -
1966 8% 15.3% - -
1965 7% 15.2% - -
1964 8.1% 13.1% - -
1963 8.6% 13.9% - -
1962 7.8% 14.8% - -
1961 8.6% 8.7% - -
1960 6.7% 7.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 93.2% in Mozambique, ranking 75/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Mozambique
1x
Year Deficit/surplus, % of GDP
Colombia Mozambique
2024 -6.25% -6.17%
2023 -2.92% -4.26%
2022 -6.34% -5.22%
2021 -7.26% -5.23%
2020 -7.12% -6.19%
2019 -3.48% 1.7%
2018 -4.67% -7.39%
2017 -2.5% -2.9%
2016 -2.27% -5.42%
2015 -3.52% -6.55%
2014 -1.74% -9.75%
2013 -1.02% -2.46%
2012 0.15% -3.45%
2011 -1.99% -4.34%
2010 -3.3% -3.5%
2009 -2.67% -4.35%
2008 0.04% -1.9%
2007 -0.82% -2.19%
2006 -0.99% -3.03%
2005 -0.02% -2.06%
2004 -1.31% -3.17%
2003 -2.7% -2.64%
2002 -3.45% -3.36%
2001 -2.71% -4.43%
2000 -2.94% -1.26%
1999 -5.37% -0.31%
1998 -3.86% -1.08%
1997 -3.23% -1.81%
1996 -2.49% -2.07%
1995 -1% -2.46%
1994 -0.14% -4%
1993 -0.24% -2.53%
1992 -0.07% -1.85%
1991 0.35% -2.01%
1990 -0.41% -4.42%
1989 -1.4% -4.23%
1988 -1.3% -6.47%
1987 -0.4% -7.24%
1986 -1.4% -12.1%
1985 -2.4% -9.69%
1984 -3.3% -13.4%
1983 -3.1% -15.8%
1982 -3.6% -3.61%
1981 -2.8% -7.41%
1980 -2.2% -1.47%
1979 -0.7% -
1978 0.3% -
1977 0.5% -
1976 0.6% -
1975 -0.5% -
1974 -1.2% -
1973 -1.1% -
1972 -1.7% -
1971 -1% -
1970 -0.7% -
1969 -0.5% -
1968 0% -
1967 -0.2% -
1966 0.1% -
1965 -0.6% -
1964 -1.1% -
1963 -1.7% -
1962 -1.6% -
1961 -1.5% -
1960 1.2% -
1959 2% -
1958 1.7% -
1957 1.4% -
1956 -0.2% -
1955 0.7% -
1954 1.3% -
1953 1.3% -
1952 1.6% -
1951 2.1% -
1950 0.9% -
1949 0.5% -
1948 -0.1% -
1947 0.2% -
1946 -0.5% -
1945 0.1% -
1944 -0.2% -
1943 -0.7% -
1942 -1.5% -
1941 0% -
1940 -1.5% -
1939 0.8% -
1938 0.5% -
1937 1.4% -
1936 1.1% -
1935 1.3% -
1934 0.2% -
1933 -0.4% -
1932 -0.8% -
1931 -0.2% -
1930 0.3% -
1929 0.4% -
1928 -0.4% -
1927 -0.6% -
1926 0% -
1925 1% -
1924 0.5% -
1923 0.3% -
1922 -0.7% -
1921 -1.6% -
1920 0.4% -
1919 -0.8% -
1918 -2.1% -
1917 -0.5% -
1916 0.2% -
1915 -0.2% -
1914 -0.5% -
1913 0.5% -
1912 -0.3% -
1911 -0.1% -
1910 -0.3% -
1909 -3.3% -
1908 -2.7% -
1907 -2.7% -
1906 0.2% -
1905 -0.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1905–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Colombia's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 6.25% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, Colombia recorded a fiscal deficit in 31 of those years, while Mozambique ran a deficit in 33 years. On average, Colombia posted an annual deficit equal to 2.58% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
Colombia

Mozambique
1x
Year Consumer prices inflation
Colombia Mozambique
2024 6.61% 3.2%
2023 11.7% 7%
2022 10.2% 10.4%
2021 3.5% 6.6%
2020 2.53% 0.9%
2019 3.52% 5.7%
2018 3.24% 3.2%
2017 4.31% 15.8%
2016 7.51% 18.4%
2015 4.99% 3.6%
2014 2.9% 2.6%
2013 2.02% 4.3%
2012 3.17% 2.6%
2011 3.42% 11.2%
2010 2.27% 12.4%
2009 4.2% 3.8%
2008 7% 14.5%
2007 5.54% 10.4%
2006 4.29% 13.2%
2005 5.05% 6.4%
2004 5.9% 12.6%
2003 7.13% 13.5%
2002 6.35% 16.8%
2001 7.97% 9.1%
2000 9.23% 12.7%
1999 10.9% 2.9%
1998 18.7% 1.5%
1997 18.5% 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/colombia/mozambique | CC BY

Over the past 28 years, Colombia has recorded an average annual inflation rate of 6.52%, compared with 8.31% in Mozambique. In 2024, inflation was 6.61% in Colombia and 3.2% in Mozambique.

Top exports between countries

Colombia
Export category Export value
Processed food, beverages & tobacco $3.51M
Machinery & equipment $337K
Raw agricultural goods $19K
Textiles & consumer goods $8K
Chemicals & pharma $6K
Miscellaneous $5K
Raw materials & minerals $3K
Metals $2K
Mozambique
Export category Export value
Machinery & equipment $11K
Textiles & consumer goods $7K
Chemicals & pharma $1K

Balance of trade

Colombia Mozambique
Current account balance
-$6.88B
2024
-$2.49B
2024
Current account balance ranking
172/190
2024
150/190
2024
Current account balance, % of GDP
-1.64%
2024
-11%
2024
Goods imports
$60.2B
2024
$8.38B
2024
Goods exports
$51.1B
2024
$8.21B
2024
Service imports
$18.5B
2024
$2.11B
2024
Service exports
$18.1B
2024
$1.15B
2024
Imports of goods and services, % of GDP
20.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
16.1%
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.

Colombia Mozambique
Economic freedom 59.8 49.6
Economic freedom ranking 101/197 164/197
Property rights 43.1 29.7
Government integrity 41.6 25.1
Judicial effectiveness 57.4 43.4
Tax burden 68.6 75.8
Government spending 64 67
Fiscal health 49.8 39.1
Business freedom 71.2 40.2
Labor freedom 59.1 47.7
Monetary freedom 71.9 76.2
Trade freedom 71.4 71.2
Investment freedom 60 40
Financial freedom 60 40

Economic freedom comparison by year

Colombia
Mozambique
1x
Year Economic freedom index
Colombia Mozambique
2026 59.8 49.6
2025 59.8 50.7
2024 59.2 50.7
2023 63.1 52.5
2022 65.1 51.3
2021 68.1 51.6
2020 69.2 50.5
2019 67.3 48.6
2018 68.9 46.3
2017 69.7 49.9
2016 70.8 53.2
2015 71.7 54.8
2014 70.7 55
2013 69.6 55
2012 68 57.1
2011 68 56.8
2010 65.5 56
2009 62.3 55.7
2008 62.2 55.4
2007 59.9 54.7
2006 60.4 51.9
2005 59.6 54.6
2004 61.2 57.2
2003 64.2 58.6
2002 64.2 57.7
2001 65.6 59.2
2000 63.3 52.2
1999 65.3 48.9
1998 65.5 43
1997 66.4 44
1996 64.3 48.4
1995 64.5 45.5

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

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

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, 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

Colombia Mozambique
Services, % of GDP
58.1%
2024
41.1%
2024
Industry, % of GDP
23.1%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
25.2%
2024
GNI, Atlas method
$372B
2024
$19.1B
2024
GNI per capita, PPP
$21,890
2024
$1,520
2024
Total reserves including gold
$61.9B
2024
$3.84B
2024
Total reserves ranking
38/177
2024
108/177
2024
Net foreign direct investment
-$9.17B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$13.7B
2024
$3.51B
2024
Net outflows of foreign direct investment
$4.51B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
22.4%
2024
Poverty at national poverty lines
31.8%
2024
65%
2022
Gross capital formation, % of GDP
16.8%
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/colombia/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. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1995, 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 (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.