Skip to content

Economy of Guinea vs Mozambique compared: GDP & Debt

Updated on by Georank

Guinea has a GDP of $28.3B compared to $22.3B for Mozambique, ranking 117/197 and 127/197 by economy size, respectively.

Guinea has $13.6B in government debt (48.1% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Guinea vs Mozambique GDP by year

Guinea
Mozambique
1x
Year GDP, current $
Guinea Mozambique
2025 $28,346,024,753 $22,337,997,046
2024 $25,008,678,293 $22,752,244,245
2023 $22,407,615,556 $20,927,498,317
2022 $19,910,452,542 $18,884,232,599
2021 $17,069,115,738 $16,168,055,475
2020 $14,088,693,743 $14,235,420,174
2019 $13,442,861,496 $15,512,759,047
2018 $11,857,030,367 $15,017,358,953
2017 $10,324,668,271 $13,264,640,646
2016 $8,595,955,222 $12,069,051,237
2015 $8,794,201,743 $16,208,985,770
2014 $8,778,473,373 $17,978,246,586
2013 $8,376,613,539 $17,198,073,057
2012 $7,638,044,557 $16,688,114,144
2011 $6,785,137,203 $14,619,279,989
2010 $6,853,467,146 $11,411,894,724
2009 $6,716,905,340 $12,263,894,790
2008 $6,964,179,983 $12,920,340,965
2007 $6,281,918,226 $10,811,456,006
2006 $4,220,019,845 $9,509,835,537
2005 $4,282,468,637 $8,868,504,900
2004 $5,300,767,961 $7,937,255,565
2003 $5,025,167,975 $6,583,526,861
2002 $4,301,608,753 $5,950,769,427
2001 $4,125,527,603 $5,650,154,067
2000 $4,367,458,867 $5,930,685,215
1999 $5,046,806,783 $6,285,219,691
1998 $5,232,118,046 $5,551,118,149
1997 $5,516,916,163 $4,873,663,775
1996 $5,641,243,100 $4,030,146,135
1995 $5,385,704,166 $3,061,646,174
1994 $4,932,800,407 $2,958,108,170
1993 $4,781,166,117 $2,883,161,897
1992 $4,789,220,417 $2,798,696,511
1991 $4,396,178,694 $3,854,856,435
1990 $3,888,320,666 -
1989 $3,546,079,263 -
1988 $3,476,480,303 -
1987 $2,976,714,019 -
1986 $2,909,130,355 -
1985 $22,787,644,566 -
1984 $18,421,497,251 -
1983 $15,129,893,722 -
1982 $11,926,032,493 -
1981 $9,646,440,667 -
1980 $9,746,524,915 -
1979 $8,877,094,497 -
1978 $8,087,305,999 -
1977 $6,914,381,291 -
1976 $6,762,781,871 -
1975 $6,102,769,605 -
1974 $5,691,417,541 -
1973 $5,152,080,388 -
1972 $4,203,069,035 -
1971 $3,594,302,908 -
1970 $3,220,224,608 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Guinea vs Mozambique by year

Guinea
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,877 - $627 -
2024 $1,695 $4,565 $657 $1,705
2023 $1,555 $4,334 $622 $1,678
2022 $1,417 $4,062 $578 $1,582
2021 $1,245 $3,739 $510 $1,457
2020 $1,054 $3,332 $462 $1,412
2019 $1,031 $3,106 $519 $1,389
2018 $933 $2,844 $518 $1,326
2017 $834 $2,687 $471 $1,283
2016 $712 $2,255 $441 $1,379
2015 $747 $1,930 $611 $1,318
2014 $765 $1,873 $697 $1,166
2013 $748 $1,842 $687 $1,114
2012 $699 $1,790 $686 $1,076
2011 $637 $1,705 $618 $1,064
2010 $659 $1,622 $496 $1,000
2009 $662 $1,567 $548 $951
2008 $704 $1,614 $592 $916
2007 $650 $1,558 $508 $862
2006 $447 $1,453 $457 $798
2005 $463 $1,422 $437 $721
2004 $585 $1,366 $400 $673
2003 $566 $1,328 $339 $620
2002 $496 $1,315 $314 $580
2001 $483 $1,251 $305 $533
2000 $518 $1,196 $327 $472
1999 $611 $1,163 $354 $468
1998 $647 $1,130 $320 $422
1997 $696 $1,099 $287.5 $387
1996 $726 $1,048 $244.4 $350
1995 $713 $1,014 $191.8 $321
1994 $672 $976 $196.8 $326
1993 $671 $947 $205.2 $321
1992 $693 $908 $205.6 $292
1991 $656 $887 $288.7 $315
1990 $604 $871 - $296
1989 $570 - - -
1988 $574 - - -
1987 $505 - - -
1986 $506 - - -
1985 $4,062 - - -
1984 $3,362 - - -
1983 $2,823 - - -
1982 $2,273 - - -
1981 $1,876 - - -
1980 $1,931 - - -
1979 $1,790 - - -
1978 $1,658 - - -
1977 $1,440 - - -
1976 $1,431 - - -
1975 $1,311 - - -
1974 $1,243 - - -
1973 $1,143 - - -
1972 $948 - - -
1971 $825 - - -
1970 $753 - - -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Guinea's GDP per capita is $1,877, ranking 161/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Guinea ranks 161st at $4,565, while Mozambique ranks 192nd at $1,705.

Economic indicators

Guinea Mozambique
Gross domestic product
$28.3B
2025
$22.3B
2025
GDP rank
117/197
2025
127/197
2025
GDP growth
7.45%
2024-2025
-0.52%
2024-2025
GDP per capita
$1,877
2025
$627
2025
GDP per capita rank
161/197
2025
193/197
2025
GDP per capita, PPP
$4,565
2024
$1,705
2024
GDP per capita PPP rank
161/197
2024
192/197
2024
Government debt
$13.6B
2025
$22.9B
2025
Debt-to-GDP ratio
48.1%
2025
102.5%
2025
Government debt per person
$902
2025
$643
2025
Government debt per person rank
146/185
2025
158/185
2025
Average annual personal income after taxes
$1,966
2026
$1,324
2026
Income share by richest 10%
23.1%
2018
40.8%
2022
Income share by poorest 10%
3.5%
2018
1.7%
2022
Government expenditure, % of GDP
25.2%
2025
30.3%
2025
Consumer prices inflation
3.1%
2024-2025
4.4%
2024-2025
Central bank interest rate n/a
9.25%
2026
Unemployment rate
5.02%
2019
6.79%
2022
Population
15624314
37173146

Spending and national debt comparison by year

Guinea
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Guinea Mozambique
Government spending Government debt Government spending Government debt
2025 25.2% 48.1% 30.3% 102.5%
2024 20.6% 48.3% 33.3% 91.4%
2023 18.3% 39.8% 33.3% 90.8%
2022 15.7% 37.2% 32.9% 100.4%
2021 15.1% 40.6% 32.1% 104.3%
2020 17.1% 45.3% 33.9% 120%
2019 14.9% 37.3% 28% 98.3%
2018 15.9% 37.5% 31.2% 105.5%
2017 17.3% 39.9% 28.6% 103.8%
2016 16.1% 40.6% 28.7% 124.8%
2015 21.7% 41.5% 32.2% 86%
2014 20.1% 32.1% 39.7% 63.4%
2013 18.6% 30.5% 31.7% 49.5%
2012 19.6% 26.9% 28.1% 36.7%
2011 16% 53.8% 28.9% 34.2%
2010 20.5% 71.1% 26.6% 38.6%
2009 16.2% 61.3% 25.7% 39.3%
2008 10.1% 58.5% 21.3% 32.8%
2007 8.66% 60.8% 20.9% 31.2%
2006 13.2% 95.2% 20.1% 40%
2005 11% 97.9% 17% 60.1%
2004 13% 86.9% 17.8% 50.8%
2003 14.7% 81.6% 18.6% 63.2%
2002 14.4% 82.6% 18.6% 63.4%
2001 14.9% 90.4% 20.8% 99.8%
2000 12.6% 91.5% 17.2% 95.8%
1999 11.6% 92.3% 15.6% 94.7%
1998 10.3% 75.9% 14.9% -
1997 12.6% 67.9% 16.5% -
1996 12% 67.7% 14.9% -
1995 12.7% 66.5% 18.8% -
1994 12.6% 71.3% 22.9% -
1993 13.3% 68.9% 20.7% -
1992 13.8% 62% 21.1% -
1991 16.3% 70.9% 17.3% -
1990 18.7% 71.6% 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/guinea/mozambique | CC BY

In 2025, Guinea's government spending was $7.13B, accounting for 25.2% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 48.1% in Guinea and 102.5% in Mozambique, ranking 111/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Guinea

Mozambique
1x
Year Deficit/surplus, % of GDP
Guinea Mozambique
2025 -7% -3.97%
2024 -4.99% -6.23%
2023 -3.86% -4.26%
2022 -1.88% -5.22%
2021 -1.7% -5.23%
2020 -3.08% -6.19%
2019 -0.17% 1.7%
2018 -0.97% -5.7%
2017 -1.98% -1.99%
2016 -0.08% -5.06%
2015 -6.53% -6.55%
2014 -3.01% -9.75%
2013 -3.86% -2.46%
2012 23.7% -3.45%
2011 -0.92% -4.34%
2010 -9.66% -3.4%
2009 -4.87% -4.35%
2008 0.38% -1.9%
2007 1.28% -2.19%
2006 -2.13% -3.03%
2005 -1.06% -2.06%
2004 -3.85% -3.17%
2003 -4.65% -2.64%
2002 -3.37% -3.36%
2001 -3.23% -4.43%
2000 -2.42% -1.26%
1999 -1.3% -0.31%
1998 2.46% -1.08%
1997 0.07% -1.81%
1996 -2.2% -2.07%
1995 -1.07% -2.46%
1994 -2.59% -4%
1993 -2.33% -2.53%
1992 -0.89% -1.85%
1991 -3.25% -2.01%
1990 -3.76% -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/guinea/mozambique | CC BY

In 2025, Guinea's government deficit, the difference between spending and revenue, was $1.98B, equivalent to 7% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 35 years, Guinea recorded a fiscal deficit in 30 of those years, while Mozambique ran a deficit in 34 years. On average, Guinea posted an annual deficit equal to 1.74% of GDP, compared to deficit of 3.39% of GDP for Mozambique.

Inflation comparison by year

Inflation
Guinea

Mozambique
1x
Year Consumer prices inflation
Guinea Mozambique
2025 3.1% 4.4%
2024 4.5% 3.2%
2023 5.4% 7%
2022 10.5% 10.4%
2021 12.6% 6.6%
2020 10.6% 0.9%
2019 9.5% 5.7%
2018 9.8% 3.2%
2017 8.9% 15.8%
2016 8.2% 18.4%
2015 8.2% 3.6%
2014 9.7% 2.6%
2013 11.9% 4.3%
2012 15.2% 2.6%
2011 21.4% 11.2%
2010 15.5% 12.4%
2009 4.7% 3.8%
2008 18.4% 14.5%
2007 22.9% 10.4%
2006 34.7% 13.2%
2005 31.4% 6.4%
2004 17.5% 12.6%
2003 11% 13.5%
2002 3% 16.8%
2001 5.4% 9.1%
2000 6.8% 12.7%
1999 4.6% 2.9%
1998 5.1% 1.5%
1997 1.9% 7.4%

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

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

Over the past 29 years, Guinea has recorded an average annual inflation rate of 11.5%, compared with 8.18% in Mozambique. In 2025, inflation was 3.1% in Guinea and 4.4% in Mozambique.

Top exports between countries

Guinea
Export category Export value
Mozambique
Export category Export value
Machinery & equipment $38K
Animal & marine products $6K
Textiles & consumer goods $5K

Balance of trade

Guinea Mozambique
Current account balance
-$392M
2024
-$2.49B
2024
Current account balance ranking
101/190
2024
148/190
2024
Current account balance, % of GDP
-1.57%
2024
-11%
2024
Goods imports
$7.08B
2024
$8.38B
2024
Goods exports
$11.6B
2024
$8.21B
2024
Service imports
$3.15B
2024
$2.11B
2024
Service exports
$71.2M
2024
$1.15B
2024
Imports of goods and services, % of GDP
62.3%
2025
55.7%
2025
Exports of goods and services, % of GDP
41.4%
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.

Guinea Mozambique
Economic freedom 53.1 49.6
Economic freedom ranking 141/197 164/197
Property rights 21.3 29.7
Government integrity 26.7 25.1
Judicial effectiveness 26 43.4
Tax burden 70.1 75.8
Government spending 90.1 67
Fiscal health 74.8 39.1
Business freedom 44.8 40.2
Labor freedom 56.4 47.7
Monetary freedom 75.3 76.2
Trade freedom 61.8 71.2
Investment freedom 50 40
Financial freedom 40 40

Economic freedom comparison by year

Guinea
Mozambique
1x
Year Economic freedom index
Guinea Mozambique
2026 53.1 49.6
2025 54.6 50.7
2024 53.3 50.7
2023 53.2 52.5
2022 54.2 51.3
2021 56.5 51.6
2020 56.5 50.5
2019 55.7 48.6
2018 52.2 46.3
2017 47.6 49.9
2016 53.3 53.2
2015 52.1 54.8
2014 53.5 55
2013 51.2 55
2012 50.8 57.1
2011 51.7 56.8
2010 51.8 56
2009 51 55.7
2008 52.8 55.4
2007 54.5 54.7
2006 52.8 51.9
2005 57.4 54.6
2004 56.1 57.2
2003 54.6 58.6
2002 52.9 57.7
2001 58.4 59.2
2000 58.2 52.2
1999 59.4 48.9
1998 61 43
1997 52.9 44
1996 58.5 48.4
1995 59.4 45.5

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

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

The Economic Freedom Index for Guinea is 53.1, ranking 141/197, 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

Guinea Mozambique
Services, % of GDP
35.7%
2025
42%
2025
Industry, % of GDP
25.4%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
31.3%
2025
25.6%
2025
GNI, Atlas method
$26.2B
2025
$20.4B
2025
GNI per capita, PPP
$4,730
2025
$1,540
2025
Total reserves including gold
$1.35B
2024
$3.84B
2024
Total reserves ranking
137/177
2024
112/177
2024
Net foreign direct investment
-$1.4B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$1.4B
2024
$3.51B
2024
Net outflows of foreign direct investment
$30K
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
22.4%
2024
Poverty at national poverty lines
47%
2020
65%
2022
Gross capital formation, % of GDP
37%
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/guinea/mozambique | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2025, 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 (2022–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.