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Economy of Cyprus vs Mozambique compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $22.3B for Mozambique, ranking 103/197 and 127/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Cyprus vs Mozambique GDP by year

Cyprus
Mozambique
1x
Year GDP, current $
Cyprus Mozambique
2025 $41,225,787,247 $22,337,997,046
2024 $37,634,551,821 $22,752,244,245
2023 $35,075,440,603 $20,927,498,317
2022 $31,218,047,044 $18,884,232,599
2021 $30,372,637,513 $16,168,055,475
2020 $25,555,082,267 $14,235,420,174
2019 $26,196,660,680 $15,512,759,047
2018 $25,754,011,492 $15,017,358,953
2017 $22,946,583,376 $13,264,640,646
2016 $21,046,452,117 $12,069,051,237
2015 $19,909,269,065 $16,208,985,770
2014 $23,225,912,183 $17,978,246,586
2013 $23,959,708,956 $17,198,073,057
2012 $25,047,433,100 $16,688,114,144
2011 $27,641,553,201 $14,619,279,989
2010 $25,799,940,416 $11,411,894,724
2009 $26,048,190,775 $12,263,894,790
2008 $27,958,384,913 $12,920,340,965
2007 $23,968,727,074 $10,811,456,006
2006 $20,072,754,987 $9,509,835,537
2005 $18,433,412,511 $8,868,504,900
2004 $17,320,551,250 $7,937,255,565
2003 $14,547,329,558 $6,583,526,861
2002 $11,420,228,846 $5,950,769,427
2001 $10,397,898,907 $5,650,154,067
2000 $9,985,847,314 $5,930,685,215
1999 $10,497,907,228 $6,285,219,691
1998 $10,248,618,778 $5,551,118,149
1997 $9,547,816,420 $4,873,663,775
1996 $10,011,914,680 $4,030,146,135
1995 $9,933,137,128 $3,061,646,174
1994 $7,425,703,929 $2,958,108,170
1993 $6,590,291,048 $2,883,161,897
1992 $6,912,150,456 $2,798,696,511
1991 $5,770,197,348 $3,854,856,435
1990 $5,591,130,218 -
1989 $4,563,482,604 -
1988 $4,278,792,597 -
1987 $3,704,813,886 -
1986 $3,090,734,463 -
1985 $2,430,411,900 -
1984 $2,278,248,953 -
1983 $2,160,364,071 -
1982 $2,159,242,417 -
1981 $2,087,496,374 -
1980 $2,154,311,277 -
1979 $1,288,699,776 -
1978 $964,024,364 -
1977 $734,876,021 -
1976 $576,090,074 -
1975 $489,912,574 -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

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

GDP per capita in Cyprus vs Mozambique by year

Cyprus
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $627 -
2024 $27,707 $63,007 $657 $1,705
2023 $26,079 $59,875 $622 $1,678
2022 $23,448 $55,876 $578 $1,582
2021 $23,057 $47,633 $510 $1,457
2020 $19,624 $42,569 $462 $1,412
2019 $20,360 $44,394 $519 $1,389
2018 $20,267 $40,262 $518 $1,326
2017 $18,295 $37,768 $471 $1,283
2016 $17,013 $35,247 $441 $1,379
2015 $16,326 $31,380 $611 $1,318
2014 $19,326 $29,893 $697 $1,166
2013 $20,238 $30,416 $687 $1,114
2012 $21,493 $31,924 $686 $1,076
2011 $24,110 $33,406 $618 $1,064
2010 $22,876 $33,502 $496 $1,000
2009 $23,480 $33,901 $548 $951
2008 $25,626 $34,830 $592 $916
2007 $22,344 $32,888 $508 $862
2006 $19,037 $30,009 $457 $798
2005 $17,790 $27,763 $437 $721
2004 $17,016 $25,942 $400 $673
2003 $14,553 $24,278 $339 $620
2002 $11,636 $23,556 $314 $580
2001 $10,785 $22,866 $305 $533
2000 $10,537 $21,296 $327 $472
1999 $11,273 $19,663 $354 $468
1998 $11,206 $18,760 $320 $422
1997 $10,637 $17,781 $287.5 $387
1996 $11,373 $17,320 $244.4 $350
1995 $11,514 $17,096 $191.8 $321
1994 $8,791 $15,735 $196.8 $326
1993 $7,978 $14,852 $205.2 $321
1992 $8,530 $14,759 $205.6 $292
1991 $7,222 $13,546 $288.7 $315
1990 $7,092 $13,348 - $296
1989 $5,870 - - -
1988 $5,584 - - -
1987 $4,908 - - -
1986 $4,159 - - -
1985 $3,324 - - -
1984 $3,167 - - -
1983 $3,055 - - -
1982 $3,100 - - -
1981 $3,030 - - -
1980 $3,154 - - -
1979 $1,902 - - -
1978 $1,434 - - -
1977 $1,102 - - -
1976 $870 - - -
1975 $743 - - -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Mozambique ranks 192nd at $1,705.

Economic indicators

Cyprus Mozambique
Gross domestic product
$41.2B
2025
$22.3B
2025
GDP rank
103/197
2025
127/197
2025
GDP growth
3.77%
2024-2025
-0.52%
2024-2025
GDP per capita
$30,075
2025
$627
2025
GDP per capita rank
45/197
2025
193/197
2025
GDP per capita, PPP
$63,007
2024
$1,705
2024
GDP per capita PPP rank
29/197
2024
192/197
2024
Government debt
$22.8B
2025
$22.9B
2025
Debt-to-GDP ratio
55.3%
2025
102.5%
2025
Government debt per person
$16,632
2025
$643
2025
Government debt per person rank
40/185
2025
158/185
2025
Average annual personal income after taxes
$24,626
2026
$1,324
2026
Market capitalization of domestic companies
$27.9B
2025
n/a
Number of millionaires
24,000
2026
n/a
Number of billionaires
10
2026
n/a
Income share by richest 10%
26.3%
2023
40.8%
2022
Income share by poorest 10%
3.6%
2023
1.7%
2022
Government expenditure, % of GDP
40.4%
2025
30.3%
2025
Consumer prices inflation
0.13%
2024-2025
4.4%
2024-2025
Central bank interest rate n/a
9.25%
2026
Unemployment rate
4.4%
2025
6.79%
2022
Population
1388591
37173146

Spending and national debt comparison by year

Cyprus
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Cyprus Mozambique
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 30.3% 102.5%
2024 38.3% 62.8% 33.3% 91.4%
2023 40.6% 71.1% 33.3% 90.8%
2022 37.7% 80.3% 32.9% 100.4%
2021 42.7% 96.5% 32.1% 104.3%
2020 45.9% 113.6% 33.9% 120%
2019 40.3% 92.3% 28% 98.3%
2018 44.3% 100.7% 31.2% 105.5%
2017 38.4% 96.4% 28.6% 103.8%
2016 39.6% 106.8% 28.7% 124.8%
2015 43% 111.6% 32.2% 86%
2014 52.1% 113% 39.7% 63.4%
2013 42.1% 102.7% 31.7% 49.5%
2012 41.9% 79.2% 28.1% 36.7%
2011 42.1% 64.8% 28.9% 34.2%
2010 41.7% 55.3% 26.6% 38.6%
2009 41.9% 52.8% 25.7% 39.3%
2008 38.2% 44.1% 21.3% 32.8%
2007 37.6% 53.1% 20.9% 31.2%
2006 39.1% 59% 20.1% 40%
2005 39.7% 64% 17% 60.1%
2004 38.6% 64.7% 17.8% 50.8%
2003 40.4% 63% 18.6% 63.2%
2002 37.4% 61% 18.6% 63.4%
2001 35.7% 57.5% 20.8% 99.8%
2000 35% 56% 17.2% 95.8%
1999 34.3% 55.7% 15.6% 94.7%
1998 34.4% 55% 14.9% -
1997 34.2% 53.5% 16.5% -
1996 32.4% 48.8% 14.9% -
1995 30.4% 46.7% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 102.5% in Mozambique, ranking 89/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Mozambique
1x
Year Deficit/surplus, % of GDP
Cyprus Mozambique
2025 2.99% -3.97%
2024 4.14% -6.23%
2023 1.71% -4.26%
2022 2.69% -5.22%
2021 -1.59% -5.23%
2020 -5.57% -6.19%
2019 1.03% 1.7%
2018 -3.36% -5.7%
2017 2.13% -1.99%
2016 0.45% -5.06%
2015 -0.77% -6.55%
2014 -8.8% -9.75%
2013 -5.16% -2.46%
2012 -5.55% -3.45%
2011 -5.65% -4.34%
2010 -4.68% -3.4%
2009 -5.43% -4.35%
2008 0.87% -1.9%
2007 3.23% -2.19%
2006 -1.04% -3.03%
2005 -2.22% -2.06%
2004 -3.71% -3.17%
2003 -5.91% -2.64%
2002 -4.13% -3.36%
2001 -2.11% -4.43%
2000 -2.24% -1.26%
1999 -4.05% -0.31%
1998 -3.85% -1.08%
1997 -4.82% -1.81%
1996 -2.96% -2.07%
1995 -0.71% -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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Cyprus' government surplus, the difference between spending and revenue, was $1.23B, equivalent to 2.99% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Mozambique ran a deficit in 30 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 3.49% of GDP for Mozambique.

Inflation comparison by year

Inflation
Cyprus

Mozambique
1x
Year Consumer prices inflation
Cyprus Mozambique
2025 0.13% 4.4%
2024 1.8% 3.2%
2023 3.54% 7%
2022 8.4% 10.4%
2021 2.45% 6.6%
2020 -0.64% 0.9%
2019 0.25% 5.7%
2018 1.44% 3.2%
2017 0.53% 15.8%
2016 -1.43% 18.4%
2015 -2.1% 3.6%
2014 -1.35% 2.6%
2013 -0.4% 4.3%
2012 2.39% 2.6%
2011 3.29% 11.2%
2010 2.43% 12.4%
2009 0.33% 3.8%
2008 4.67% 14.5%
2007 2.37% 10.4%
2006 2.3% 13.2%
2005 2.56% 6.4%
2004 2.29% 12.6%
2003 4.14% 13.5%
2002 2.8% 16.8%
2001 1.97% 9.1%
2000 4.14% 12.7%
1999 1.63% 2.9%
1998 2.23% 1.5%
1997 3.61% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 8.18% in Mozambique. In 2025, inflation was 0.13% in Cyprus and 4.4% in Mozambique.

Top exports between countries

Cyprus
Export category Export value
Chemicals & pharma $327K
Animal & marine products $260K
Machinery & equipment $87K
Processed food, beverages & tobacco $10K
Textiles & consumer goods $2K
Mozambique
Export category Export value
Processed food, beverages & tobacco $69K
Raw agricultural goods $46K
Raw materials & minerals $17K
Textiles & consumer goods $7K
Animal & marine products $4K
Chemicals & pharma $4K
Wood & paper products $3K
Miscellaneous $1K

Balance of trade

Cyprus Mozambique
Current account balance
-$2.59B
2025
-$2.49B
2024
Current account balance ranking
149/190
2025
148/190
2024
Current account balance, % of GDP
-6.29%
2025
-11%
2024
Goods imports
$12.6B
2025
$8.38B
2024
Goods exports
$4.62B
2025
$8.21B
2024
Service imports
$25.3B
2025
$2.11B
2024
Service exports
$35.7B
2025
$1.15B
2024
Imports of goods and services, % of GDP
91.9%
2025
55.7%
2025
Exports of goods and services, % of GDP
97.6%
2025
41.4%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Cyprus Mozambique
Economic freedom 74.1 49.6
Economic freedom ranking 21/197 164/197
Property rights 85.1 29.7
Government integrity 59.7 25.1
Judicial effectiveness 89.8 43.4
Tax burden 80.8 75.8
Government spending 52.1 67
Fiscal health 91.5 39.1
Business freedom 82.3 40.2
Labor freedom 60.3 47.7
Monetary freedom 78.7 76.2
Trade freedom 79.4 71.2
Investment freedom 70 40
Financial freedom 60 40

Economic freedom comparison by year

Cyprus
Mozambique
1x
Year Economic freedom index
Cyprus Mozambique
2026 74.1 49.6
2025 73.2 50.7
2024 72.2 50.7
2023 72.3 52.5
2022 72.9 51.3
2021 71.4 51.6
2020 70.1 50.5
2019 68.1 48.6
2018 67.8 46.3
2017 67.9 49.9
2016 68.7 53.2
2015 67.9 54.8
2014 67.6 55
2013 69 55
2012 71.8 57.1
2011 73.3 56.8
2010 70.9 56
2009 70.8 55.7
2008 71.3 55.4
2007 71.7 54.7
2006 71.8 51.9
2005 71.9 54.6
2004 74.1 57.2
2003 73.3 58.6
2002 73 57.7
2001 71 59.2
2000 67.2 52.2
1999 67.8 48.9
1998 68.2 43
1997 67.9 44
1996 67.7 48.4
1995 - 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, 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

Cyprus Mozambique
Services, % of GDP
76.8%
2025
42%
2025
Industry, % of GDP
11.1%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
25.6%
2025
GNI, Atlas method
$35.6B
2025
$20.4B
2025
GNI per capita, PPP
$57,390
2025
$1,540
2025
Total reserves including gold
$2.95B
2025
$3.84B
2024
Total reserves ranking
121/177
2025
112/177
2024
Net foreign direct investment
-$9.59B
2025
-$3.55B
2024
Net inflows of foreign direct investment
-$50.4B
2024
$3.51B
2024
Net outflows of foreign direct investment
-$55.9B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
13.9%
2021
65%
2022
Gross capital formation, % of GDP
19.3%
2025
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.