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Economy of Iraq vs Mozambique compared: GDP & Debt

Updated on by Georank

Iraq has a GDP of $254B compared to $22.3B for Mozambique, ranking 54/197 and 127/197 by economy size, respectively.

Iraq has $137B in government debt (53.9% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Iraq vs Mozambique GDP by year

Iraq
Mozambique
1x
Year GDP, current $
Iraq Mozambique
2025 $254,367,293,538 $22,337,997,046
2024 $279,641,257,615 $22,752,244,245
2023 $268,881,051,644 $20,927,498,317
2022 $287,372,232,138 $18,884,232,599
2021 $209,691,945,713 $16,168,055,475
2020 $180,898,797,517 $14,235,420,174
2019 $233,636,097,800 $15,512,759,047
2018 $227,367,469,034 $15,017,358,953
2017 $187,217,660,051 $13,264,640,646
2016 $166,743,557,748 $12,069,051,237
2015 $166,774,104,959 $16,208,985,770
2014 $228,415,656,175 $17,978,246,586
2013 $234,637,675,129 $17,198,073,057
2012 $218,002,476,129 $16,688,114,144
2011 $185,749,664,444 $14,619,279,989
2010 $138,516,722,650 $11,411,894,724
2009 $111,657,580,326 $12,263,894,790
2008 $131,614,434,154 $12,920,340,965
2007 $88,837,057,320 $10,811,456,006
2006 $65,147,051,918 $9,509,835,537
2005 $50,065,104,668 $8,868,504,900
2004 $36,633,669,269 $7,937,255,565
2003 $21,921,569,479 $6,583,526,861
2002 $32,928,454,672 $5,950,769,427
2001 $36,176,430,129 $5,650,154,067
2000 $48,364,250,944 $5,930,685,215
1999 $36,881,601,584 $6,285,219,691
1998 $20,617,405,044 $5,551,118,149
1997 $20,764,857,056 $4,873,663,775
1996 $10,433,698,621 $4,030,146,135
1995 $12,894,029,888 $3,061,646,174
1994 $3,991,349,283 $2,958,108,170
1993 $1,031,944,881 $2,883,161,897
1992 $553,671,958 $2,798,696,511
1991 $407,796,350 $3,854,856,435
1990 $180,408,064,516 -
1989 $65,831,935,484 -
1988 $62,684,516,129 -
1987 $56,774,193,548 -
1986 $47,264,516,129 -
1985 $48,425,161,290 -
1984 $46,938,387,097 -
1983 $40,712,903,226 -
1982 $42,382,333,333 -
1981 $37,823,000,000 -
1980 $52,569,000,000 -
1979 $37,816,457,839 -
1978 $23,762,275,652 -
1977 $19,838,130,715 -
1976 $17,754,825,601 -
1975 $13,458,516,763 -
1974 $11,516,762,614 -
1973 $5,134,367,778 -
1972 $4,113,848,002 -
1971 $3,865,346,535 -
1970 $3,281,318,687 -
1969 $3,007,758,797 -
1968 $2,896,598,841 -
1967 $2,551,522,656 -
1966 $2,530,306,096 -
1965 $2,335,785,506 -
1964 $2,136,408,198 -
1963 $1,805,901,510 -
1962 $1,784,174,541 -
1961 $1,671,960,965 -
1960 $1,537,252,193 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Iraq vs Mozambique by year

Iraq
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iraq Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,410 - $627 -
2024 $6,074 $14,464 $657 $1,705
2023 $5,965 $14,653 $622 $1,678
2022 $6,521 $14,391 $578 $1,582
2021 $4,868 $12,732 $510 $1,457
2020 $4,295 $10,574 $462 $1,412
2019 $5,672 $12,249 $519 $1,389
2018 $5,647 $12,034 $518 $1,326
2017 $4,759 $10,192 $471 $1,283
2016 $4,334 $9,079 $441 $1,379
2015 $4,440 $9,334 $611 $1,318
2014 $6,249 $13,168 $697 $1,166
2013 $6,650 $14,669 $687 $1,114
2012 $6,478 $14,402 $686 $1,076
2011 $5,776 $12,912 $618 $1,064
2010 $4,462 $12,186 $496 $1,000
2009 $3,715 $11,687 $548 $951
2008 $4,543 $11,657 $592 $916
2007 $3,129 $10,783 $508 $862
2006 $2,277 $10,223 $457 $798
2005 $1,762 $9,457 $437 $721
2004 $1,328 $9,290 $400 $673
2003 $818 $6,068 $339 $620
2002 $1,266 $9,682 $314 $580
2001 $1,436 $10,720 $305 $533
2000 $1,980 $10,628 $327 $472
1999 $1,560 $9,194 $354 $468
1998 $901 $7,964 $320 $422
1997 $936 $6,020 $287.5 $387
1996 $485 $5,034 $244.4 $350
1995 $619 $4,598 $191.8 $321
1994 $198.2 $4,560 $196.8 $326
1993 $53.7 $4,509 $205.2 $321
1992 $30.3 $3,547 $205.6 $292
1991 $23 $2,694 $288.7 $315
1990 $10,261 - - $296
1989 $3,791 - - -
1988 $3,707 - - -
1987 $3,436 - - -
1986 $2,940 - - -
1985 $3,088 - - -
1984 $3,066 - - -
1983 $2,743 - - -
1982 $2,942 - - -
1981 $2,700 - - -
1980 $3,868 - - -
1979 $2,871 - - -
1978 $1,863 - - -
1977 $1,609 - - -
1976 $1,489 - - -
1975 $1,166 - - -
1974 $1,031 - - -
1973 $476 - - -
1972 $394 - - -
1971 $384 - - -
1970 $337 - - -
1969 $320 - - -
1968 $319 - - -
1967 $290.6 - - -
1966 $298.2 - - -
1965 $284.8 - - -
1964 $269.4 - - -
1963 $235.5 - - -
1962 $240.7 - - -
1961 $232.4 - - -
1960 $218.9 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Iraq's GDP per capita is $5,410, ranking 119/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Iraq ranks 115th at $14,464, while Mozambique ranks 192nd at $1,705.

Economic indicators

Iraq Mozambique
Gross domestic product
$254B
2025
$22.3B
2025
GDP rank
54/197
2025
127/197
2025
GDP growth
-2.16%
2024-2025
-0.52%
2024-2025
GDP per capita
$5,410
2025
$627
2025
GDP per capita rank
119/197
2025
193/197
2025
GDP per capita, PPP
$14,464
2024
$1,705
2024
GDP per capita PPP rank
115/197
2024
192/197
2024
Government debt
$137B
2025
$22.9B
2025
Debt-to-GDP ratio
53.9%
2025
102.5%
2025
Government debt per person
$2,917
2025
$643
2025
Government debt per person rank
108/185
2025
158/185
2025
Average annual personal income after taxes
$6,782
2026
$1,324
2026
Income share by richest 10%
24.2%
2023
40.8%
2022
Income share by poorest 10%
3.7%
2023
1.7%
2022
Government expenditure, % of GDP
42.7%
2025
30.3%
2025
Consumer prices inflation
0.3%
2024-2025
4.4%
2024-2025
Central bank interest rate n/a
9.25%
2026
Unemployment rate
16.2%
2021
6.79%
2022
Population
48531417
37173146

Spending and national debt comparison by year

Iraq
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Iraq Mozambique
Government spending Government debt Government spending Government debt
2025 42.7% 53.9% 30.3% 102.5%
2024 41.7% 45.2% 33.3% 91.4%
2023 41.2% 42.1% 33.3% 90.8%
2022 33.9% 39% 32.9% 100.4%
2021 36.3% 54.7% 32.1% 104.3%
2020 41.9% 72.5% 33.9% 120%
2019 34.7% 41.7% 28% 98.3%
2018 31.1% 44.4% 31.2% 105.5%
2017 35.5% 55.9% 28.6% 103.8%
2016 42.4% 60.3% 28.7% 124.8%
2015 43.5% 48.3% 32.2% 86%
2014 43.8% 27.6% 39.7% 63.4%
2013 48.2% 32% 31.7% 49.5%
2012 42.9% 34.8% 28.1% 36.7%
2011 43.4% 40.7% 28.9% 34.2%
2010 49.6% 53.5% 26.6% 38.6%
2009 61.1% 87.4% 25.7% 39.3%
2008 57.3% 74.2% 21.3% 32.8%
2007 44% 117.1% 20.9% 31.2%
2006 50.3% 143.2% 20.1% 40%
2005 63.2% 227.3% 17% 60.1%
2004 91.5% 344% 17.8% 50.8%
2003 - - 18.6% 63.2%
2002 - - 18.6% 63.4%
2001 - - 20.8% 99.8%
2000 - - 17.2% 95.8%
1999 - - 15.6% 94.7%
1998 - - 14.9% -
1997 - - 16.5% -
1996 - - 14.9% -
1995 - - 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/iraq/mozambique | CC BY

In 2025, Iraq's government spending was $109B, accounting for 42.7% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 53.9% in Iraq and 102.5% in Mozambique, ranking 95/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Iraq

Mozambique
1x
Year Deficit/surplus, % of GDP
Iraq Mozambique
2025 -6.41% -3.97%
2024 -3.45% -6.23%
2023 -1.14% -4.26%
2022 8.1% -5.22%
2021 -0.38% -5.23%
2020 -12.8% -6.19%
2019 0.83% 1.7%
2018 7.69% -5.7%
2017 -1.52% -1.99%
2016 -14.4% -5.06%
2015 -12.8% -6.55%
2014 -5.63% -9.75%
2013 -6.06% -2.46%
2012 4.09% -3.45%
2011 4.74% -4.34%
2010 -4.18% -3.4%
2009 -14.9% -4.35%
2008 -0.86% -1.9%
2007 9.98% -2.19%
2006 10.7% -3.03%
2005 4.07% -2.06%
2004 -35.4% -3.17%
2003 - -2.64%
2002 - -3.36%
2001 - -4.43%
2000 - -1.26%
1999 - -0.31%
1998 - -1.08%
1997 - -1.81%
1996 - -2.07%
1995 - -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/iraq/mozambique | CC BY

In 2025, Iraq's government deficit, the difference between spending and revenue, was $16.3B, equivalent to 6.41% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 22 years, Iraq recorded a fiscal deficit in 14 of those years, while Mozambique ran a deficit in 21 years. On average, Iraq posted an annual deficit equal to 3.17% of GDP, compared to deficit of 4.04% of GDP for Mozambique.

Inflation comparison by year

Inflation
Iraq

Mozambique
1x
Year Consumer prices inflation
Iraq Mozambique
2025 0.3% 4.4%
2024 2.61% 3.2%
2023 4.36% 7%
2022 4.99% 10.4%
2021 6.04% 6.6%
2020 0.57% 0.9%
2019 -0.2% 5.7%
2018 0.37% 3.2%
2017 0.18% 15.8%
2016 0.56% 18.4%
2015 1.39% 3.6%
2014 2.24% 2.6%
2013 1.88% 4.3%
2012 6.09% 2.6%
2011 5.6% 11.2%
2010 2.43% 12.4%
2009 6.87% 3.8%
2008 12.7% 14.5%
2007 -10.1% 10.4%
2006 53.2% 13.2%
2005 37% 6.4%
2004 27% 12.6%
2003 33.6% 13.5%
2002 19.3% 16.8%
2001 16.4% 9.1%
2000 4.98% 12.7%
1999 12.6% 2.9%
1998 14.8% 1.5%
1997 23.1% 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/iraq/mozambique | CC BY

Over the past 29 years, Iraq has recorded an average annual inflation rate of 10%, compared with 8.18% in Mozambique. In 2025, inflation was 0.3% in Iraq and 4.4% in Mozambique.

Top exports between countries

Iraq
Export category Export value
Mozambique
Export category Export value
Raw agricultural goods $329K
Machinery & equipment $1K

Balance of trade

Iraq Mozambique
Current account balance
$8.37B
2024
-$2.49B
2024
Current account balance ranking
27/190
2024
148/190
2024
Current account balance, % of GDP
+2.99%
2024
-11%
2024
Goods imports
$74.3B
2024
$8.38B
2024
Goods exports
$101B
2024
$8.21B
2024
Service imports
$30.2B
2024
$2.11B
2024
Service exports
$10.2B
2024
$1.15B
2024
Imports of goods and services, % of GDP
37.4%
2024
55.7%
2025
Exports of goods and services, % of GDP
39.8%
2024
41.4%
2025

Economic freedom indices

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

Iraq Mozambique
Economic freedom 15.6 49.6
Economic freedom ranking 196/197 164/197
Property rights 8.3 29.7
Government integrity 20.2 25.1
Judicial effectiveness 5.8 43.4
Tax burden 85.5 75.8
Government spending 65.3 67
Fiscal health 95.7 39.1
Business freedom 42.8 40.2
Labor freedom 60.6 47.7
Monetary freedom 68.6 76.2
Trade freedom 40 71.2
Investment freedom 10 40
Financial freedom 10 40

Economic freedom comparison by year

Iraq
Mozambique
1x
Year Economic freedom index
Iraq Mozambique
2026 - 49.6
2025 - 50.7
2024 - 50.7
2023 - 52.5
2022 - 51.3
2021 - 51.6
2020 - 50.5
2019 - 48.6
2018 - 46.3
2017 - 49.9
2016 - 53.2
2015 - 54.8
2014 - 55
2013 - 55
2012 - 57.1
2011 - 56.8
2010 - 56
2009 - 55.7
2008 - 55.4
2007 - 54.7
2006 - 51.9
2005 - 54.6
2004 - 57.2
2003 - 58.6
2002 15.6 57.7
2001 17.2 59.2
2000 17.2 52.2
1999 17.2 48.9
1998 17.2 43
1997 17.2 44
1996 17.2 48.4
1995 - 45.5

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

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

The Economic Freedom Index for Iraq is 15.6, ranking 196/197, 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

Iraq Mozambique
Services, % of GDP
52.3%
2025
42%
2025
Industry, % of GDP
45.4%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.41%
2025
25.6%
2025
GNI, Atlas method
$267B
2025
$20.4B
2025
GNI per capita, PPP
$14,290
2025
$1,540
2025
Total reserves including gold
$101B
2024
$3.84B
2024
Total reserves ranking
30/177
2024
112/177
2024
Net foreign direct investment
$8.09B
2024
-$3.55B
2024
Net inflows of foreign direct investment
-$7.65B
2024
$3.51B
2024
Net outflows of foreign direct investment
$439M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.22%
2024
22.4%
2024
Poverty at national poverty lines
17.5%
2023
65%
2022
Gross capital formation, % of GDP
19.1%
2024
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/iraq/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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 (2023–2024, 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.