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Economy of Georgia vs Mozambique compared: GDP & Debt

Updated on by Georank

Georgia has a GDP of $38.1B compared to $22.3B for Mozambique, ranking 106/197 and 127/197 by economy size, respectively.

Georgia has $13.1B in government debt (34.3% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Georgia vs Mozambique GDP by year

Georgia
Mozambique
1x
Year GDP, current $
Georgia Mozambique
2025 $38,143,612,855 $22,337,997,046
2024 $34,189,423,333 $22,752,244,245
2023 $30,777,833,601 $20,927,498,317
2022 $24,984,568,960 $18,884,232,599
2021 $18,853,115,589 $16,168,055,475
2020 $16,010,869,216 $14,235,420,174
2019 $17,638,337,117 $15,512,759,047
2018 $17,902,544,881 $15,017,358,953
2017 $16,473,125,375 $13,264,640,646
2016 $15,444,548,902 $12,069,051,237
2015 $15,223,796,149 $16,208,985,770
2014 $17,966,015,109 $17,978,246,586
2013 $17,517,660,144 $17,198,073,057
2012 $16,894,392,033 $16,688,114,144
2011 $15,475,290,469 $14,619,279,989
2010 $12,426,907,967 $11,411,894,724
2009 $10,766,920,066 $12,263,894,790
2008 $12,795,145,131 $12,920,340,965
2007 $10,172,931,089 $10,811,456,006
2006 $7,745,250,734 $9,509,835,537
2005 $6,410,912,050 $8,868,504,900
2004 $5,125,365,192 $7,937,255,565
2003 $3,991,377,904 $6,583,526,861
2002 $3,395,766,678 $5,950,769,427
2001 $3,219,462,262 $5,650,154,067
2000 $3,057,475,335 $5,930,685,215
1999 $2,800,025,883 $6,285,219,691
1998 $3,613,497,317 $5,551,118,149
1997 $3,510,520,231 $4,873,663,775
1996 $3,094,936,177 $4,030,146,135
1995 $2,693,732,612 $3,061,646,174
1994 $2,513,867,645 $2,958,108,170
1993 $2,701,181,331 $2,883,161,897
1992 $3,690,328,964 $2,798,696,511
1991 $6,324,503,311 $3,854,856,435
1990 $7,735,927,264 -
1989 $8,902,632,715 -
1988 $8,833,588,173 -
1987 $7,321,981,334 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

GDP per capita in Georgia vs Mozambique by year

Georgia
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Georgia Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $9,692 - $627 -
2024 $8,968 $28,285 $657 $1,705
2023 $8,284 $25,072 $622 $1,678
2022 $6,730 $22,461 $578 $1,582
2021 $5,084 $18,916 $510 $1,457
2020 $4,301 $16,791 $462 $1,412
2019 $4,741 $16,770 $519 $1,389
2018 $4,804 $15,022 $518 $1,326
2017 $4,419 $13,719 $471 $1,283
2016 $4,143 $13,065 $441 $1,379
2015 $4,087 $12,270 $611 $1,318
2014 $4,830 $11,771 $697 $1,166
2013 $4,712 $10,797 $687 $1,114
2012 $4,531 $10,060 $686 $1,076
2011 $4,120 $8,564 $618 $1,064
2010 $3,282 $7,712 $496 $1,000
2009 $2,823 $7,119 $548 $951
2008 $3,325 $7,279 $592 $916
2007 $2,635 $6,951 $508 $862
2006 $1,996 $5,980 $457 $798
2005 $1,643 $5,272 $437 $721
2004 $1,305 $4,635 $400 $673
2003 $1,010 $4,240 $339 $620
2002 $854 $3,719 $314 $580
2001 $802 $3,441 $305 $533
2000 $750 $3,161 $327 $472
1999 $674 $2,977 $354 $468
1998 $852 $2,795 $320 $422
1997 $807 $2,616 $287.5 $387
1996 $689 $2,253 $244.4 $350
1995 $578 $1,919 $191.8 $321
1994 $520 $1,764 $196.8 $326
1993 $550 $1,898 $205.2 $321
1992 $757 $2,643 $205.6 $292
1991 $1,308 $4,727 $288.7 $315
1990 $1,611 $5,836 - $296
1989 $1,853 - - -
1988 $1,844 - - -
1987 $1,544 - - -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

Georgia's GDP per capita is $9,692, ranking 89/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Georgia ranks 74th at $28,285, while Mozambique ranks 192nd at $1,705.

Economic indicators

Georgia Mozambique
Gross domestic product
$38.1B
2025
$22.3B
2025
GDP rank
106/197
2025
127/197
2025
GDP growth
7.46%
2024-2025
-0.52%
2024-2025
GDP per capita
$9,692
2025
$627
2025
GDP per capita rank
89/197
2025
193/197
2025
GDP per capita, PPP
$28,285
2024
$1,705
2024
GDP per capita PPP rank
74/197
2024
192/197
2024
Government debt
$13.1B
2025
$22.9B
2025
Debt-to-GDP ratio
34.3%
2025
102.5%
2025
Government debt per person
$3,323
2025
$643
2025
Government debt per person rank
99/185
2025
158/185
2025
Average annual personal income after taxes
$7,158
2026
$1,324
2026
Number of billionaires
2
2026
n/a
Income share by richest 10%
26.2%
2024
40.8%
2022
Income share by poorest 10%
2.9%
2024
1.7%
2022
Government expenditure, % of GDP
28.4%
2025
30.3%
2025
Consumer prices inflation
3.87%
2024-2025
4.4%
2024-2025
Central bank interest rate
8.25%
2026
9.25%
2026
Unemployment rate
8.01%
2024
6.79%
2022
Population
3934050
37173146

Spending and national debt comparison by year

Georgia
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Georgia Mozambique
Government spending Government debt Government spending Government debt
2025 28.4% 34.3% 30.3% 102.5%
2024 29.9% 35.7% 33.3% 91.4%
2023 29.7% 38.9% 33.3% 90.8%
2022 28.5% 39.2% 32.9% 100.4%
2021 31.2% 49.1% 32.1% 104.3%
2020 34.1% 59.6% 33.9% 120%
2019 28.7% 40% 28% 98.3%
2018 26.7% 38.2% 31.2% 105.5%
2017 27.2% 38.9% 28.6% 103.8%
2016 27.8% 39.5% 28.7% 124.8%
2015 27% 36% 32.2% 86%
2014 27.5% 30.3% 39.7% 63.4%
2013 26.6% 28.9% 31.7% 49.5%
2012 27.7% 28.1% 28.1% 36.7%
2011 27.1% 27.7% 28.9% 34.2%
2010 31% 31.4% 26.6% 38.6%
2009 34.8% 33.6% 25.7% 39.3%
2008 31.8% 26.3% 21.3% 32.8%
2007 27.7% 22.5% 20.9% 31.2%
2006 22.7% 28.3% 20.1% 40%
2005 21.6% 35.3% 17% 60.1%
2004 18.9% 44.3% 17.8% 50.8%
2003 16.1% 54.6% 18.6% 63.2%
2002 16% 50.3% 18.6% 63.4%
2001 16.8% 53% 20.8% 99.8%
2000 16.9% 58.5% 17.2% 95.8%
1999 19.7% 76.5% 15.6% 94.7%
1998 18.7% 80% 14.9% -
1997 21.4% 48.2% 16.5% -
1996 18.4% 38.9% 14.9% -
1995 15.7% 19.8% 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 (1980–1999, retrieved 2026-07-08).

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

In 2025, Georgia's government spending was $10.8B, accounting for 28.4% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 34.3% in Georgia and 102.5% in Mozambique, ranking 147/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Georgia

Mozambique
1x
Year Deficit/surplus, % of GDP
Georgia Mozambique
2025 -1.46% -3.97%
2024 -2.27% -6.23%
2023 -2.33% -4.26%
2022 -2.2% -5.22%
2021 -5.97% -5.23%
2020 -9.16% -6.19%
2019 -1.82% 1.7%
2018 -0.8% -5.7%
2017 -0.45% -1.99%
2016 -1.49% -5.06%
2015 -1.16% -6.55%
2014 -1.78% -9.75%
2013 -1.25% -2.46%
2012 -0.71% -3.45%
2011 -0.81% -4.34%
2010 -4.48% -3.4%
2009 -6.36% -4.35%
2008 -1.92% -1.9%
2007 0.81% -2.19%
2006 3.28% -3.03%
2005 2.14% -2.06%
2004 3.59% -3.17%
2003 -0.55% -2.64%
2002 -0.19% -3.36%
2001 -0.71% -4.43%
2000 -1.92% -1.26%
1999 -4.7% -0.31%
1998 -3.96% -1.08%
1997 -6.63% -1.81%
1996 -5.91% -2.07%
1995 -4.89% -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/georgia/mozambique | CC BY

In 2025, Georgia's government deficit, the difference between spending and revenue, was $555M, equivalent to 1.46% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 31 years, Georgia recorded a fiscal deficit in 27 of those years, while Mozambique ran a deficit in 30 years. On average, Georgia posted an annual deficit equal to 2.13% of GDP, compared to deficit of 3.49% of GDP for Mozambique.

Inflation comparison by year

Inflation
Georgia

Mozambique
1x
Year Consumer prices inflation
Georgia Mozambique
2025 3.87% 4.4%
2024 1.11% 3.2%
2023 2.49% 7%
2022 11.9% 10.4%
2021 9.57% 6.6%
2020 5.2% 0.9%
2019 4.85% 5.7%
2018 2.62% 3.2%
2017 6.04% 15.8%
2016 2.13% 18.4%
2015 4% 3.6%
2014 3.07% 2.6%
2013 -0.51% 4.3%
2012 -0.94% 2.6%
2011 8.54% 11.2%
2010 7.11% 12.4%
2009 1.73% 3.8%
2008 10% 14.5%
2007 9.24% 10.4%
2006 9.16% 13.2%
2005 8.25% 6.4%
2004 5.66% 12.6%
2003 0.84% 13.5%
2002 5.59% 16.8%
2001 4.65% 9.1%
2000 4.06% 12.7%
1999 19.2% 2.9%
1998 3.57% 1.5%
1997 7.09% 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/georgia/mozambique | CC BY

Over the past 29 years, Georgia has recorded an average annual inflation rate of 5.52%, compared with 8.18% in Mozambique. In 2025, inflation was 3.87% in Georgia and 4.4% in Mozambique.

Top exports between countries

Georgia
Export category Export value
Raw materials & minerals $8.12M
Processed food, beverages & tobacco $19K
Textiles & consumer goods $1K
Mozambique
Export category Export value
Processed food, beverages & tobacco $108K

Balance of trade

Georgia Mozambique
Current account balance
-$1.01B
2025
-$2.49B
2024
Current account balance ranking
116/190
2025
148/190
2024
Current account balance, % of GDP
-2.65%
2025
-11%
2024
Goods imports
$16.5B
2025
$8.38B
2024
Goods exports
$9.63B
2025
$8.21B
2024
Service imports
$3.85B
2025
$2.11B
2024
Service exports
$8.49B
2025
$1.15B
2024
Imports of goods and services, % of GDP
53.2%
2025
55.7%
2025
Exports of goods and services, % of GDP
47.4%
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.

Georgia Mozambique
Economic freedom 69.6 49.6
Economic freedom ranking 41/197 164/197
Property rights 53 29.7
Government integrity 59.9 25.1
Judicial effectiveness 53.8 43.4
Tax burden 87.8 75.8
Government spending 73.9 67
Fiscal health 89.1 39.1
Business freedom 76.6 40.2
Labor freedom 64 47.7
Monetary freedom 70.2 76.2
Trade freedom 86.8 71.2
Investment freedom 60 40
Financial freedom 60 40

Economic freedom comparison by year

Georgia
Mozambique
1x
Year Economic freedom index
Georgia Mozambique
2026 69.6 49.6
2025 69 50.7
2024 68.4 50.7
2023 68.7 52.5
2022 71.8 51.3
2021 77.2 51.6
2020 77.1 50.5
2019 75.9 48.6
2018 76.2 46.3
2017 76 49.9
2016 72.6 53.2
2015 73 54.8
2014 72.6 55
2013 72.2 55
2012 69.4 57.1
2011 70.4 56.8
2010 70.4 56
2009 69.8 55.7
2008 69.2 55.4
2007 69.3 54.7
2006 64.5 51.9
2005 57.1 54.6
2004 58.9 57.2
2003 58.6 58.6
2002 56.7 57.7
2001 58.3 59.2
2000 54.3 52.2
1999 52.5 48.9
1998 47.9 43
1997 46.5 44
1996 44.1 48.4
1995 - 45.5

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

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

The Economic Freedom Index for Georgia is 69.6, ranking 41/197, 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

Georgia Mozambique
Services, % of GDP
63.9%
2025
42%
2025
Industry, % of GDP
18.6%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
5.18%
2025
25.6%
2025
GNI, Atlas method
$35.4B
2025
$20.4B
2025
GNI per capita, PPP
$27,570
2025
$1,540
2025
Total reserves including gold
$6.16B
2025
$3.84B
2024
Total reserves ranking
94/177
2025
112/177
2024
Net foreign direct investment
-$1.39B
2025
-$3.55B
2024
Net inflows of foreign direct investment
$1.6B
2024
$3.51B
2024
Net outflows of foreign direct investment
$462M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
15.2%
2024
22.4%
2024
Poverty at national poverty lines
9.4%
2024
65%
2022
Gross capital formation, % of GDP
21.3%
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/georgia/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, 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 (1980–1999, retrieved 2026-07-08)
  6. TradeMap (2021–2024, 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.