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Economy of El Salvador vs Mozambique compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $22.7B for Mozambique, ranking 105/197 and 123/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

El Salvador vs Mozambique GDP by year

El Salvador
Mozambique
1x
Year GDP, current $
El Salvador Mozambique
2024 $35,364,960,000 $22,745,341,305
2023 $33,853,940,000 $20,921,079,533
2022 $31,870,120,000 $18,883,528,581
2021 $29,043,140,000 $16,168,055,475
2020 $24,921,190,000 $14,235,420,174
2019 $26,881,140,000 $15,512,759,047
2018 $26,020,850,000 $15,017,358,953
2017 $24,979,190,000 $13,264,640,646
2016 $24,191,430,000 $12,069,051,237
2015 $23,438,240,000 $16,208,985,770
2014 $22,593,470,000 $17,978,246,586
2013 $21,990,960,000 $17,198,073,057
2012 $21,386,150,000 $16,688,114,144
2011 $20,283,780,000 $14,619,279,989
2010 $18,447,920,000 $11,411,894,724
2009 $17,601,620,000 $12,263,894,790
2008 $17,986,890,000 $12,920,340,965
2007 $17,011,750,000 $10,811,456,006
2006 $15,999,890,000 $9,509,835,537
2005 $14,698,000,000 $8,868,504,900
2004 $13,724,810,900 $7,937,255,565
2003 $13,243,892,200 $6,583,526,861
2002 $12,664,190,300 $5,950,769,427
2001 $12,282,533,600 $5,650,154,067
2000 $11,784,927,700 $5,930,685,215
1999 $11,284,197,000 $6,285,219,691
1998 $10,936,669,900 $5,551,118,149
1997 $10,221,705,900 $4,873,663,775
1996 $9,586,327,800 $4,030,146,135
1995 $8,921,947,100 $3,061,646,174
1994 $7,679,384,000 $2,958,108,170
1993 $6,680,269,200 $2,883,161,897
1992 $5,813,399,300 $2,798,696,511
1991 $5,252,342,400 $3,854,856,435
1990 $4,817,542,204 -
1989 $4,372,215,300 -
1988 $4,189,880,000 -
1987 $3,958,045,800 -
1986 $3,771,663,200 -
1985 $3,800,368,600 -
1984 $3,661,683,400 -
1983 $3,506,347,800 -
1982 $3,399,189,100 -
1981 $3,437,200,200 -
1980 $3,573,959,900 -
1979 $3,463,639,900 -
1978 $3,127,960,000 -
1977 $2,941,640,100 -
1976 $2,328,280,100 -
1975 $1,884,120,100 -
1974 $1,665,880,000 -
1973 $1,442,320,000 -
1972 $1,263,720,000 -
1971 $1,186,120,000 -
1970 $1,132,920,000 -
1969 $1,049,400,000 -
1968 $1,009,760,100 -
1967 $976,200,000 -
1966 $929,520,000 -
1965 $877,720,000 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/mozambique | CC BY

GDP per capita in El Salvador vs Mozambique by year

El Salvador
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $657 $1,705
2023 $5,365 $12,680 $622 $1,678
2022 $5,075 $11,876 $578 $1,582
2021 $4,643 $10,810 $510 $1,457
2020 $3,997 $9,393 $462 $1,412
2019 $4,320 $9,757 $519 $1,389
2018 $4,184 $9,204 $518 $1,326
2017 $4,020 $8,965 $471 $1,283
2016 $3,901 $8,456 $441 $1,379
2015 $3,790 $7,934 $611 $1,318
2014 $3,666 $7,504 $697 $1,166
2013 $3,582 $7,093 $687 $1,114
2012 $3,498 $6,708 $686 $1,076
2011 $3,331 $6,594 $618 $1,064
2010 $3,040 $6,248 $496 $1,000
2009 $2,910 $6,063 $548 $951
2008 $2,983 $6,175 $592 $916
2007 $2,831 $5,949 $508 $862
2006 $2,666 $5,695 $457 $798
2005 $2,447 $5,292 $437 $721
2004 $2,286 $4,998 $400 $673
2003 $2,208 $4,829 $339 $620
2002 $2,115 $4,672 $314 $580
2001 $2,058 $4,543 $305 $533
2000 $1,983 $4,422 $327 $472
1999 $1,908 $4,298 $354 $468
1998 $1,860 $4,171 $320 $422
1997 $1,749 $4,043 $287.5 $387
1996 $1,651 $3,880 $244.4 $350
1995 $1,548 $3,808 $191.8 $321
1994 $1,344 $3,591 $196.8 $326
1993 $1,180 $3,390 $205.2 $321
1992 $1,041 $3,171 $205.6 $292
1991 $956 $2,945 $288.7 $315
1990 $892 $2,856 - $296
1989 $825 - - -
1988 $806 - - -
1987 $777 - - -
1986 $755 - - -
1985 $776 - - -
1984 $763 - - -
1983 $745 - - -
1982 $735 - - -
1981 $752 - - -
1980 $787 - - -
1979 $773 - - -
1978 $712 - - -
1977 $684 - - -
1976 $553 - - -
1975 $457 - - -
1974 $413 - - -
1973 $366 - - -
1972 $329 - - -
1971 $316 - - -
1970 $309 - - -
1969 $293.4 - - -
1968 $290.1 - - -
1967 $288.4 - - -
1966 $282.4 - - -
1965 $274.3 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/mozambique | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Mozambique ranks 192nd at $1,705.

Economic indicators

El Salvador Mozambique
Gross domestic product
$35.4B
2024
$22.7B
2024
GDP rank
105/197
2024
123/197
2024
GDP growth
2.6%
2023-2024
2.15%
2023-2024
GDP per capita
$5,580
2024
$657
2024
GDP per capita rank
116/197
2024
189/197
2024
GDP per capita, PPP
$13,264
2024
$1,705
2024
GDP per capita PPP rank
120/197
2024
192/197
2024
Government debt
$30.9B
2024
$21.2B
2024
Debt-to-GDP ratio
87.5%
2024
93.2%
2024
Government debt per person
$4,883
2024
$612
2024
Government debt per person rank
81/185
2024
159/185
2024
Average annual personal income after taxes
$4,768
2026
$1,778
2026
Income share by richest 10%
29.7%
2023
40.8%
2022
Income share by poorest 10%
1.9%
2023
1.7%
2022
Government expenditure, % of GDP
31.4%
2024
33.2%
2024
Consumer prices inflation
0.85%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
2.71%
2024
6.79%
2022
Population
6399793
36941128

Spending and national debt comparison by year

El Salvador
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
El Salvador Mozambique
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 33.2% 93.2%
2023 30.5% 85.1% 33.3% 90.9%
2022 28.7% 83.7% 32.9% 100.3%
2021 31.1% 88% 32.1% 104.3%
2020 32.7% 95.4% 33.9% 120%
2019 27.8% 77.9% 28% 98.3%
2018 27.6% 77% 32.9% 105.5%
2017 28.1% 77.1% 29.5% 103.8%
2016 27.5% 75.2% 29.1% 124.8%
2015 27.1% 73.5% 32.2% 86%
2014 27.6% 71.8% 39.7% 63.4%
2013 28.5% 69.7% 31.7% 49.5%
2012 27.4% 70% 28.1% 36.7%
2011 25.3% 65.6% 28.9% 34.2%
2010 25.6% 66.8% 26.7% 38.6%
2009 26% 65.8% 25.7% 39.3%
2008 24.5% 54.2% 21.3% 32.8%
2007 22.8% 52.2% 20.9% 31.2%
2006 23.4% 52.6% 20.1% 40%
2005 22.4% 46.3% 17% 60.1%
2004 21.5% 46.8% 17.8% 50.8%
2003 22.6% 46% 18.6% 63.2%
2002 22.5% 43.8% 18.6% 63.4%
2001 21.7% 37.8% 20.8% 99.8%
2000 21% 29.6% 17.2% 95.8%
1999 19.7% 28% 15.6% 94.7%
1998 19.3% 25.7% 14.9% -
1997 18.6% 27.8% 16.5% -
1996 21% 28.5% 14.9% -
1995 18.6% 28% 18.8% -
1994 18.9% 30.5% 22.9% -
1993 18.5% 31.9% 20.7% -
1992 20.8% 36.4% 21.1% -
1991 18.5% 43.3% 17.3% -
1990 15.9% - 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/el-salvador/mozambique | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 93.2% in Mozambique, ranking 36/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Mozambique
1x
Year Deficit/surplus, % of GDP
El Salvador Mozambique
2024 -4.55% -6.17%
2023 -4.69% -4.26%
2022 -2.68% -5.22%
2021 -5.53% -5.23%
2020 -8.18% -6.19%
2019 -3.07% 1.7%
2018 -2.71% -7.39%
2017 -2.53% -2.9%
2016 -3.1% -5.42%
2015 -3.63% -6.55%
2014 -4.02% -9.75%
2013 -4.46% -2.46%
2012 -3.81% -3.45%
2011 -4.47% -4.34%
2010 -4.97% -3.5%
2009 -6.65% -4.35%
2008 -3.8% -1.9%
2007 -2.32% -2.19%
2006 -3.42% -3.03%
2005 -3.47% -2.06%
2004 -2.76% -3.17%
2003 -4.23% -2.64%
2002 -5.5% -3.36%
2001 -4.95% -4.43%
2000 -3.45% -1.26%
1999 -3.08% -0.31%
1998 -2.94% -1.08%
1997 -1.97% -1.81%
1996 -2.7% -2.07%
1995 -0.18% -2.46%
1994 -0.94% -4%
1993 -1.42% -2.53%
1992 -4.29% -1.85%
1991 -2.3% -2.01%
1990 -0.61% -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/el-salvador/mozambique | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, El Salvador recorded a fiscal deficit in 34 of those years, while Mozambique ran a deficit in 33 years. On average, El Salvador posted an annual deficit equal to 3.61% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
El Salvador

Mozambique
1x
Year Consumer prices inflation
El Salvador Mozambique
2024 0.85% 3.2%
2023 4.05% 7%
2022 7.2% 10.4%
2021 3.47% 6.6%
2020 -0.37% 0.9%
2019 0.08% 5.7%
2018 1.09% 3.2%
2017 1.01% 15.8%
2016 0.6% 18.4%
2015 -0.73% 3.6%
2014 1.14% 2.6%
2013 0.76% 4.3%
2012 1.73% 2.6%
2011 5.13% 11.2%
2010 1.18% 12.4%
2009 1.06% 3.8%
2008 6.71% 14.5%
2007 4.58% 10.4%
2006 4.04% 13.2%
2005 4.69% 6.4%
2004 4.45% 12.6%
2003 2.12% 13.5%
2002 1.87% 16.8%
2001 3.75% 9.1%
2000 2.27% 12.7%
1999 0.51% 2.9%
1998 2.55% 1.5%
1997 4.49% 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/el-salvador/mozambique | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 8.31% in Mozambique. In 2024, inflation was 0.85% in El Salvador and 3.2% in Mozambique.

Top exports between countries

El Salvador
Export category Export value
Machinery & equipment $40K
Mozambique
Export category Export value

Balance of trade

El Salvador Mozambique
Current account balance
-$633M
2024
-$2.49B
2024
Current account balance ranking
110/190
2024
150/190
2024
Current account balance, % of GDP
-1.79%
2024
-11%
2024
Goods imports
$15.1B
2024
$8.38B
2024
Goods exports
$5.59B
2024
$8.21B
2024
Service imports
$3.26B
2024
$2.11B
2024
Service exports
$6B
2024
$1.15B
2024
Imports of goods and services, % of GDP
51.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
32.8%
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.

El Salvador Mozambique
Economic freedom 57.7 49.6
Economic freedom ranking 114/197 164/197
Property rights 42.7 29.7
Government integrity 31.5 25.1
Judicial effectiveness 15.3 43.4
Tax burden 76.8 75.8
Government spending 72.7 67
Fiscal health 59.4 39.1
Business freedom 65.7 40.2
Labor freedom 51.6 47.7
Monetary freedom 70.6 76.2
Trade freedom 76.4 71.2
Investment freedom 70 40
Financial freedom 60 40

Economic freedom comparison by year

El Salvador
Mozambique
1x
Year Economic freedom index
El Salvador Mozambique
2026 57.7 49.6
2025 56.6 50.7
2024 54.4 50.7
2023 56 52.5
2022 59.6 51.3
2021 61 51.6
2020 61.6 50.5
2019 61.8 48.6
2018 63.2 46.3
2017 64.1 49.9
2016 65.1 53.2
2015 65.7 54.8
2014 66.2 55
2013 66.7 55
2012 68.7 57.1
2011 68.8 56.8
2010 69.9 56
2009 69.8 55.7
2008 68.5 55.4
2007 68.9 54.7
2006 69.6 51.9
2005 71.5 54.6
2004 71.2 57.2
2003 71.5 58.6
2002 73 57.7
2001 73 59.2
2000 76.3 52.2
1999 75.1 48.9
1998 70.2 43
1997 70.5 44
1996 70.1 48.4
1995 69.1 45.5

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

GeoRank.org/economy/el-salvador/mozambique | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, 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

El Salvador Mozambique
Services, % of GDP
61%
2024
41.1%
2024
Industry, % of GDP
22.4%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
25.2%
2024
GNI, Atlas method
$32.5B
2024
$19.1B
2024
GNI per capita, PPP
$12,420
2024
$1,520
2024
Total reserves including gold
$3.7B
2024
$3.84B
2024
Total reserves ranking
110/177
2024
108/177
2024
Net foreign direct investment
-$636M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$924M
2024
$3.51B
2024
Net outflows of foreign direct investment
$288M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
35%
2024
22.4%
2024
Poverty at national poverty lines
27.2%
2023
65%
2022
Gross capital formation, % of GDP
20.3%
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/el-salvador/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

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.