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Economy of Germany vs Mozambique compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $22.7B for Mozambique, ranking 3/197 and 123/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Germany vs Mozambique GDP by year

Germany
Mozambique
1x
Year GDP, current $
Germany Mozambique
2024 $4,685,592,577,805 $22,745,341,305
2023 $4,562,207,532,490 $20,921,079,533
2022 $4,201,021,706,479 $18,883,528,581
2021 $4,355,251,953,411 $16,168,055,475
2020 $3,941,398,957,074 $14,235,420,174
2019 $3,959,894,794,039 $15,512,759,047
2018 $4,055,433,215,302 $15,017,358,953
2017 $3,765,351,626,106 $13,264,640,646
2016 $3,536,787,895,179 $12,069,051,237
2015 $3,425,099,578,746 $16,208,985,770
2014 $3,964,870,735,761 $17,978,246,586
2013 $3,807,023,797,051 $17,198,073,057
2012 $3,596,483,233,406 $16,688,114,144
2011 $3,823,575,803,794 $14,619,279,989
2010 $3,467,093,769,667 $11,411,894,724
2009 $3,478,545,516,684 $12,263,894,790
2008 $3,808,197,720,125 $12,920,340,965
2007 $3,484,056,680,855 $10,811,456,006
2006 $3,046,308,753,671 $9,509,835,537
2005 $2,893,393,187,362 $8,868,504,900
2004 $2,852,317,768,062 $7,937,255,565
2003 $2,534,715,518,349 $6,583,526,861
2002 $2,102,350,798,306 $5,950,769,427
2001 $1,966,381,496,642 $5,650,154,067
2000 $1,966,980,701,145 $5,930,685,215
1999 $2,213,873,468,587 $6,285,219,691
1998 $2,247,760,364,566 $5,551,118,149
1997 $2,218,790,886,533 $4,873,663,775
1996 $2,506,576,553,158 $4,030,146,135
1995 $2,593,053,091,306 $3,061,646,174
1994 $2,215,282,632,277 $2,958,108,170
1993 $2,078,954,217,438 $2,883,161,897
1992 $2,141,377,582,968 $2,798,696,511
1991 $1,875,792,575,133 $3,854,856,435
1990 $1,778,162,195,860 -
1989 $1,404,092,925,205 -
1988 $1,406,367,016,372 -
1987 $1,302,932,318,825 -
1986 $1,050,092,624,516 -
1985 $735,218,723,093 -
1984 $727,767,760,979 -
1983 $773,507,930,295 -
1982 $779,421,633,755 -
1981 $803,404,797,058 -
1980 $953,772,499,462 -
1979 $884,574,218,333 -
1978 $743,182,891,918 -
1977 $602,698,323,086 -
1976 $521,658,712,133 -
1975 $492,434,094,920 -
1974 $446,934,971,657 -
1973 $399,833,571,167 -
1972 $300,899,944,795 -
1971 $250,900,942,397 -
1970 $216,629,229,947 -
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

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

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

GDP per capita in Germany vs Mozambique by year

Germany
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 $657 $1,705
2023 $54,777 $71,684 $622 $1,678
2022 $50,507 $69,049 $578 $1,582
2021 $52,349 $62,531 $510 $1,457
2020 $47,395 $58,686 $462 $1,412
2019 $47,656 $59,271 $519 $1,389
2018 $48,916 $56,273 $518 $1,326
2017 $45,554 $54,110 $471 $1,283
2016 $42,949 $51,570 $441 $1,379
2015 $41,930 $48,545 $611 $1,318
2014 $48,960 $47,939 $697 $1,166
2013 $47,207 $45,889 $687 $1,114
2012 $44,718 $44,229 $686 $1,076
2011 $47,631 $43,398 $618 $1,064
2010 $42,397 $39,726 $496 $1,000
2009 $42,472 $37,574 $548 $951
2008 $46,379 $38,444 $592 $916
2007 $42,351 $36,914 $508 $862
2006 $36,980 $34,741 $457 $798
2005 $35,084 $32,314 $437 $721
2004 $34,567 $31,753 $400 $673
2003 $30,711 $30,301 $339 $620
2002 $25,487 $29,514 $314 $580
2001 $23,878 $28,674 $305 $533
2000 $23,926 $27,474 $327 $472
1999 $26,965 $26,518 $354 $468
1998 $27,396 $25,446 $320 $422
1997 $27,047 $24,649 $287.5 $387
1996 $30,600 $24,169 $244.4 $350
1995 $31,747 $23,631 $191.8 $321
1994 $27,202 $22,869 $196.8 $326
1993 $25,617 $21,900 $205.2 $321
1992 $26,560 $21,746 $205.6 $292
1991 $23,443 $21,001 $288.7 $315
1990 $22,386 $19,468 - $296
1989 $17,829 - - -
1988 $17,997 - - -
1987 $16,739 - - -
1986 $13,511 - - -
1985 $9,464 - - -
1984 $9,347 - - -
1983 $9,900 - - -
1982 $9,950 - - -
1981 $10,246 - - -
1980 $12,183 - - -
1979 $11,322 - - -
1978 $9,517 - - -
1977 $7,711 - - -
1976 $6,659 - - -
1975 $6,259 - - -
1974 $5,660 - - -
1973 $5,065 - - -
1972 $3,824 - - -
1971 $3,204 - - -
1970 $2,771 - - -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

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

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

Germany's GDP per capita is $56,104, ranking 19/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Mozambique ranks 192nd at $1,705.

Economic indicators

Germany Mozambique
Gross domestic product
$4.69T
2024
$22.7B
2024
GDP rank
3/197
2024
123/197
2024
GDP growth
-0.5%
2023-2024
2.15%
2023-2024
GDP per capita
$56,104
2024
$657
2024
GDP per capita rank
19/197
2024
189/197
2024
GDP per capita, PPP
$73,552
2024
$1,705
2024
GDP per capita PPP rank
20/197
2024
192/197
2024
Government debt
$2.97T
2024
$21.2B
2024
Debt-to-GDP ratio
63.5%
2024
93.2%
2024
Government debt per person
$35,606
2024
$612
2024
Government debt per person rank
21/185
2024
159/185
2024
Average annual personal income after taxes
$41,775
2026
$1,778
2026
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
40.8%
2022
Income share by poorest 10%
2.9%
2020
1.7%
2022
Government expenditure, % of GDP
49.4%
2024
33.2%
2024
Consumer prices inflation
2.26%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.37%
2024
6.79%
2022
Population
82575542
36941128

Spending and national debt comparison by year

Germany
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Germany Mozambique
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 33.2% 93.2%
2023 48.1% 62.4% 33.3% 90.9%
2022 48.6% 64.4% 32.9% 100.3%
2021 50.7% 68% 32.1% 104.3%
2020 51.1% 68% 33.9% 120%
2019 45.5% 58.7% 28% 98.3%
2018 44.7% 60.8% 32.9% 105.5%
2017 44.5% 64% 29.5% 103.8%
2016 44.7% 68.3% 29.1% 124.8%
2015 44.5% 71.2% 32.2% 86%
2014 44.5% 74.5% 39.7% 63.4%
2013 45.2% 77.5% 31.7% 49.5%
2012 45.1% 79.8% 28.1% 36.7%
2011 45.3% 78.5% 28.9% 34.2%
2010 48.1% 81% 26.7% 38.6%
2009 48.3% 72.4% 25.7% 39.3%
2008 44.4% 65.2% 21.3% 32.8%
2007 43.5% 63.7% 20.9% 31.2%
2006 45.3% 66.4% 20.1% 40%
2005 46.9% 67.1% 17% 60.1%
2004 47% 65% 17.8% 50.8%
2003 48.5% 63.3% 18.6% 63.2%
2002 48.2% 59.8% 18.6% 63.4%
2001 47.7% 58.1% 20.8% 99.8%
2000 48.1% 59.2% 17.2% 95.8%
1999 48.5% 60.3% 15.6% 94.7%
1998 48.3% 59.4% 14.9% -
1997 48.8% 58.8% 16.5% -
1996 49.6% 57.7% 14.9% -
1995 55.2% 54.9% 18.8% -
1994 48.3% 47.5% 22.9% -
1993 48.3% 45.1% 20.7% -
1992 47.4% 41.4% 21.1% -
1991 46.5% 39% 17.3% -
1990 44.7% 40.7% 21% -
1989 44.3% 39.2% 27% -
1988 45.6% 40.5% 27% -
1987 46% 40.1% 22.9% -
1986 45.7% 39.1% 24.2% -
1985 46.6% 39.2% 21% -
1984 47.2% 38.7% 30.9% -
1983 47.9% 38% 35.3% -
1982 49.1% 36.4% 27% -
1981 49% 33.6% 23.8% -
1980 48.2% 30.1% 14.2% -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

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

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

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 93.2% in Mozambique, ranking 72/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Mozambique
1x
Year Deficit/surplus, % of GDP
Germany Mozambique
2024 -2.66% -6.17%
2023 -2.49% -4.26%
2022 -1.91% -5.22%
2021 -3.17% -5.23%
2020 -4.38% -6.19%
2019 1.33% 1.7%
2018 1.88% -7.39%
2017 1.34% -2.9%
2016 1.13% -5.42%
2015 0.91% -6.55%
2014 0.73% -9.75%
2013 0.12% -2.46%
2012 -0.05% -3.45%
2011 -0.84% -4.34%
2010 -4.42% -3.5%
2009 -3.18% -4.35%
2008 -0.26% -1.9%
2007 0.15% -2.19%
2006 -1.76% -3.03%
2005 -3.37% -2.06%
2004 -3.42% -3.17%
2003 -3.83% -2.64%
2002 -4.09% -3.36%
2001 -3.12% -4.43%
2000 -1.71% -1.26%
1999 -1.87% -0.31%
1998 -2.65% -1.08%
1997 -3.03% -1.81%
1996 -3.64% -2.07%
1995 -9.44% -2.46%
1994 -2.54% -4%
1993 -3.11% -2.53%
1992 -2.63% -1.85%
1991 -3.21% -2.01%
1990 -1.94% -4.42%
1989 0.08% -4.23%
1988 -2.02% -6.47%
1987 -1.85% -7.24%
1986 -1.18% -12.1%
1985 -1.18% -9.69%
1984 -2.04% -13.4%
1983 -2.95% -15.8%
1982 -3.56% -3.61%
1981 -4.03% -7.41%
1980 -3.02% -1.47%
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Germany's government deficit, the difference between spending and revenue, was $125B, equivalent to 2.66% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, Germany recorded a fiscal deficit in 26 of those years, while Mozambique ran a deficit in 33 years. On average, Germany posted an annual deficit equal to 2.03% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
Germany

Mozambique
1x
Year Consumer prices inflation
Germany Mozambique
2024 2.26% 3.2%
2023 5.95% 7%
2022 6.87% 10.4%
2021 3.07% 6.6%
2020 0.14% 0.9%
2019 1.45% 5.7%
2018 1.73% 3.2%
2017 1.51% 15.8%
2016 0.49% 18.4%
2015 0.51% 3.6%
2014 0.91% 2.6%
2013 1.5% 4.3%
2012 2.01% 2.6%
2011 2.08% 11.2%
2010 1.1% 12.4%
2009 0.31% 3.8%
2008 2.63% 14.5%
2007 2.3% 10.4%
2006 1.58% 13.2%
2005 1.55% 6.4%
2004 1.67% 12.6%
2003 1.03% 13.5%
2002 1.42% 16.8%
2001 1.98% 9.1%
2000 1.44% 12.7%
1999 0.59% 2.9%
1998 0.91% 1.5%
1997 1.94% 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/germany/mozambique | CC BY

Over the past 28 years, Germany has recorded an average annual inflation rate of 1.82%, compared with 8.31% in Mozambique. In 2024, inflation was 2.26% in Germany and 3.2% in Mozambique.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $19.9M
Chemicals & pharma $14.8M
Raw agricultural goods $11.7M
Miscellaneous $10.9M
Wood & paper products $3.6M
Textiles & consumer goods $2.18M
Metals $2.11M
Processed food, beverages & tobacco $1.66M
Raw materials & minerals $1.26M
Animal & marine products $219K
Mozambique
Export category Export value
Processed food, beverages & tobacco $6.98M
Metals $5.07M
Raw agricultural goods $3.1M
Machinery & equipment $1.86M
Wood & paper products $1.27M
Raw materials & minerals $547K
Precious metals & jewellery $316K
Textiles & consumer goods $76K
Animal & marine products $11K
Chemicals & pharma $3K

Balance of trade

Germany Mozambique
Current account balance
$270B
2024
-$2.49B
2024
Current account balance ranking
2/190
2024
150/190
2024
Current account balance, % of GDP
+5.77%
2024
-11%
2024
Goods imports
$1.21T
2024
$8.38B
2024
Goods exports
$1.47T
2024
$8.21B
2024
Service imports
$548B
2024
$2.11B
2024
Service exports
$470B
2024
$1.15B
2024
Imports of goods and services, % of GDP
37.7%
2024
52.8%
2024
Exports of goods and services, % of GDP
41.4%
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.

Germany Mozambique
Economic freedom 71.7 49.6
Economic freedom ranking 30/197 164/197
Property rights 95.5 29.7
Government integrity 84.5 25.1
Judicial effectiveness 94.6 43.4
Tax burden 60.5 75.8
Government spending 28.8 67
Fiscal health 83.1 39.1
Business freedom 79.8 40.2
Labor freedom 52.2 47.7
Monetary freedom 72.5 76.2
Trade freedom 79.4 71.2
Investment freedom 60 40
Financial freedom 70 40

Economic freedom comparison by year

Germany
Mozambique
1x
Year Economic freedom index
Germany Mozambique
2026 71.7 49.6
2025 71.6 50.7
2024 72.1 50.7
2023 73.7 52.5
2022 76.1 51.3
2021 72.5 51.6
2020 73.5 50.5
2019 73.5 48.6
2018 74.2 46.3
2017 73.8 49.9
2016 74.4 53.2
2015 73.8 54.8
2014 73.4 55
2013 72.8 55
2012 71 57.1
2011 71.8 56.8
2010 71.1 56
2009 70.5 55.7
2008 70.6 55.4
2007 70.8 54.7
2006 70.8 51.9
2005 68.1 54.6
2004 69.5 57.2
2003 69.7 58.6
2002 70.4 57.7
2001 69.5 59.2
2000 65.7 52.2
1999 65.6 48.9
1998 64.3 43
1997 67.5 44
1996 69.1 48.4
1995 69.8 45.5

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

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

The Economic Freedom Index for Germany is 71.7, ranking 30/197, 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

Germany Mozambique
Services, % of GDP
64%
2024
41.1%
2024
Industry, % of GDP
25.6%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
25.2%
2024
GNI, Atlas method
$4.6T
2024
$19.1B
2024
GNI per capita, PPP
$76,180
2024
$1,520
2024
Total reserves including gold
$378B
2024
$3.84B
2024
Total reserves ranking
10/177
2024
108/177
2024
Net foreign direct investment
$32.6B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$47.6B
2024
$3.51B
2024
Net outflows of foreign direct investment
$80.2B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
14.8%
2021
65%
2022
Gross capital formation, % of GDP
21.5%
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/germany/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 (1880–1990, 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 (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.