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Economy of Japan vs Mozambique compared: GDP & Debt

Updated on by Georank team

Japan has a GDP of $4.03T compared to $22.7B for Mozambique, ranking 4/197 and 123/197 by economy size, respectively.

Japan has $9.51T in government debt (236.1% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Japan vs Mozambique GDP by year

Japan
Mozambique
1x
Year GDP, current $
Japan Mozambique
2024 $4,027,597,523,551 $22,745,341,305
2023 $4,213,167,237,906 $20,921,079,533
2022 $4,262,463,317,797 $18,883,528,581
2021 $5,039,148,168,861 $16,168,055,475
2020 $5,054,068,005,376 $14,235,420,174
2019 $5,117,993,853,017 $15,512,759,047
2018 $5,040,880,939,325 $15,017,358,953
2017 $4,930,837,369,151 $13,264,640,646
2016 $5,003,677,627,544 $12,069,051,237
2015 $4,444,930,651,964 $16,208,985,770
2014 $4,896,994,405,353 $17,978,246,586
2013 $5,212,328,181,166 $17,198,073,057
2012 $6,272,362,996,105 $16,688,114,144
2011 $6,233,147,172,341 $14,619,279,989
2010 $5,759,071,769,013 $11,411,894,724
2009 $5,289,493,117,994 $12,263,894,790
2008 $5,106,679,115,127 $12,920,340,965
2007 $4,579,750,920,355 $10,811,456,006
2006 $4,601,663,122,650 $9,509,835,537
2005 $4,831,467,035,390 $8,868,504,900
2004 $4,893,116,005,657 $7,937,255,565
2003 $4,519,561,645,254 $6,583,526,861
2002 $4,182,846,045,874 $5,950,769,427
2001 $4,374,711,694,091 $5,650,154,067
2000 $4,968,359,075,957 $5,930,685,215
1999 $4,635,982,224,064 $6,285,219,691
1998 $4,098,362,709,531 $5,551,118,149
1997 $4,492,448,605,639 $4,873,663,775
1996 $4,923,391,533,852 $4,030,146,135
1995 $5,545,563,663,890 $3,061,646,174
1994 $4,998,797,547,741 $2,958,108,170
1993 $4,536,940,479,038 $2,883,161,897
1992 $3,980,702,922,118 $2,798,696,511
1991 $3,648,065,760,649 $3,854,856,435
1990 $3,185,904,656,664 -
1989 $3,109,455,047,824 -
1988 $3,125,724,434,401 -
1987 $2,580,748,422,781 -
1986 $2,120,083,812,110 -
1985 $1,427,019,759,717 -
1984 $1,345,824,500,837 -
1983 $1,270,859,919,743 -
1982 $1,158,731,426,906 -
1981 $1,245,221,410,764 -
1980 $1,129,377,244,854 -
1979 $1,077,910,077,676 -
1978 $1,035,611,588,217 -
1977 $737,069,290,928 -
1976 $598,883,902,156 -
1975 $532,861,438,885 -
1974 $490,035,789,970 -
1973 $441,460,582,536 -
1972 $324,933,841,269 -
1971 $245,364,056,622 -
1970 $217,223,652,719 -
1969 $184,298,841,305 -
1968 $156,897,496,759 -
1967 $132,475,614,227 -
1966 $113,046,784,179 -
1965 $97,338,107,606 -
1964 $87,490,590,818 -
1963 $74,379,284,603 -
1962 $64,987,857,542 -
1961 $57,266,758,180 -
1960 $47,419,238,274 -

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

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

GDP per capita in Japan vs Mozambique by year

Japan
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,487 $52,039 $657 $1,705
2023 $33,836 $50,662 $622 $1,678
2022 $34,066 $47,192 $578 $1,582
2021 $40,095 $44,355 $510 $1,457
2020 $40,029 $42,426 $462 $1,412
2019 $40,416 $42,678 $519 $1,389
2018 $39,751 $42,142 $518 $1,326
2017 $38,834 $41,444 $471 $1,283
2016 $39,375 $40,597 $441 $1,379
2015 $34,961 $40,899 $611 $1,318
2014 $38,475 $39,555 $697 $1,166
2013 $40,899 $39,402 $687 $1,114
2012 $49,145 $37,606 $686 $1,076
2011 $48,760 $36,214 $618 $1,064
2010 $44,968 $35,336 $496 $1,000
2009 $41,309 $33,543 $548 $951
2008 $39,876 $35,274 $592 $916
2007 $35,779 $35,015 $508 $862
2006 $35,992 $33,632 $457 $798
2005 $37,813 $32,170 $437 $721
2004 $38,299 $30,832 $400 $673
2003 $35,387 $29,392 $339 $620
2002 $32,821 $28,624 $314 $580
2001 $34,406 $27,943 $305 $533
2000 $39,169 $27,288 $327 $472
1999 $36,610 $25,736 $354 $468
1998 $32,424 $25,508 $320 $422
1997 $35,638 $25,619 $287.5 $387
1996 $39,150 $24,999 $244.4 $350
1995 $44,198 $23,858 $191.8 $321
1994 $39,934 $22,823 $196.8 $326
1993 $36,345 $22,168 $205.2 $321
1992 $31,993 $21,825 $205.6 $292
1991 $29,428 $21,227 $288.7 $315
1990 $25,801 $19,912 - $296
1989 $25,266 - - -
1988 $25,500 - - -
1987 $21,142 - - -
1986 $17,452 - - -
1985 $11,809 - - -
1984 $11,207 - - -
1983 $10,652 - - -
1982 $9,780 - - -
1981 $10,583 - - -
1980 $9,669 - - -
1979 $9,301 - - -
1978 $9,012 - - -
1977 $6,473 - - -
1976 $5,310 - - -
1975 $4,776 - - -
1974 $4,448 - - -
1973 $4,061 - - -
1972 $3,031 - - -
1971 $2,321 - - -
1970 $2,101 - - -
1969 $1,803 - - -
1968 $1,553 - - -
1967 $1,326 - - -
1966 $1,144 - - -
1965 $994 - - -
1964 $903 - - -
1963 $776 - - -
1962 $685 - - -
1961 $609 - - -
1960 $509 - - -

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

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

Japan's GDP per capita is $32,487, ranking 38/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Mozambique ranks 192nd at $1,705.

Economic indicators

Japan Mozambique
Gross domestic product
$4.03T
2024
$22.7B
2024
GDP rank
4/197
2024
123/197
2024
GDP growth
0.1%
2023-2024
2.15%
2023-2024
GDP per capita
$32,487
2024
$657
2024
GDP per capita rank
38/197
2024
189/197
2024
GDP per capita, PPP
$52,039
2024
$1,705
2024
GDP per capita PPP rank
41/197
2024
192/197
2024
Government debt
$9.51T
2024
$21.2B
2024
Debt-to-GDP ratio
236.1%
2024
93.2%
2024
Government debt per person
$76,704
2024
$612
2024
Government debt per person rank
3/185
2024
159/185
2024
Average annual personal income after taxes
$23,653
2026
$1,778
2026
Market capitalization of domestic companies
$6.31T
2024
n/a
Number of millionaires
2,732,000
2025
n/a
Number of billionaires
42
2025
n/a
Income share by richest 10%
23.9%
2020
40.8%
2022
Income share by poorest 10%
2.4%
2020
1.7%
2022
Government expenditure, % of GDP
39.1%
2024
33.2%
2024
Consumer prices inflation
2.74%
2023-2024
3.2%
2023-2024
Central bank interest rate
0.75%
2025
9.75%
2025
Unemployment rate
2.54%
2024
6.79%
2022
Population
122677250
36941128

Spending and national debt comparison by year

Japan
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Japan Mozambique
Government spending Government debt Government spending Government debt
2024 39.1% 236.1% 33.2% 93.2%
2023 39.2% 240.5% 33.3% 90.9%
2022 41.8% 248.2% 32.9% 100.3%
2021 42.5% 253.7% 32.1% 104.3%
2020 44.5% 258.4% 33.9% 120%
2019 37.3% 236.4% 28% 98.3%
2018 36.7% 232.4% 32.9% 105.5%
2017 36.7% 231.3% 29.5% 103.8%
2016 37.2% 232.4% 29.1% 124.8%
2015 37.3% 228.3% 32.2% 86%
2014 38.4% 233.3% 39.7% 63.4%
2013 38.8% 229.5% 31.7% 49.5%
2012 38.6% 226.1% 28.1% 36.7%
2011 38.6% 219.2% 28.9% 34.2%
2010 37.7% 205.9% 26.7% 38.6%
2009 38.7% 198.8% 25.7% 39.3%
2008 34.1% 180.9% 21.3% 32.8%
2007 33.1% 173% 20.9% 31.2%
2006 33.1% 174.1% 20.1% 40%
2005 33.5% 174.6% 17% 60.1%
2004 33.7% 169.5% 17.8% 50.8%
2003 35% 160% 18.6% 63.2%
2002 35.4% 154.1% 18.6% 63.4%
2001 35.2% 145.1% 20.8% 99.8%
2000 36% 135.6% 17.2% 95.8%
1999 35.6% 129.5% 15.6% 94.7%
1998 38.6% 116% 14.9% -
1997 33.1% 105% 16.5% -
1996 33.8% 98.1% 14.9% -
1995 33.4% 92.5% 18.8% -
1994 32.8% 84.4% 22.9% -
1993 32.1% 72.8% 20.7% -
1992 30.3% 66.8% 21.1% -
1991 29.3% 62.4% 17.3% -
1990 29.5% 63.2% 21% -
1989 29.2% 65.7% 27% -
1988 29.9% 71.9% 27% -
1987 30.6% 75.8% 22.9% -
1986 30.4% 74.1% 24.2% -
1985 30.4% 68.3% 21% -
1984 31.2% 65.6% 30.9% -
1983 31.8% 63.5% 35.3% -
1982 31.7% 57.7% 27% -
1981 31.5% 52.8% 23.8% -
1980 33.5% 47.8% 14.2% -
1979 33.2% 43.8% - -
1978 32.1% 39% - -
1977 30.4% 31.1% - -
1976 29.1% 26.1% - -
1975 28.5% 20.9% - -
1974 25.5% 16.7% - -
1973 23.3% 15.9% - -
1972 23.1% 16.3% - -
1971 21.8% 12.6% - -
1970 20.2% 11.2% - -
1969 19.8% 11.4% - -
1968 20.1% 11.8% - -
1967 19.9% 11.4% - -
1966 20.8% 11.2% - -
1965 20.4% 9.78% - -
1964 19.8% 8.53% - -
1963 20% 8.66% - -
1962 19.4% 9.01% - -
1961 18.2% 8.44% - -
1960 18.4% 10.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Japan's government spending was $1.57T, accounting for 39.1% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 236.1% in Japan and 93.2% in Mozambique, ranking 3/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Mozambique
1x
Year Deficit/surplus, % of GDP
Japan Mozambique
2024 -1.53% -6.17%
2023 -2.26% -4.26%
2022 -4.21% -5.22%
2021 -6.13% -5.23%
2020 -9.08% -6.19%
2019 -3.04% 1.7%
2018 -2.47% -7.39%
2017 -3.1% -2.9%
2016 -3.6% -5.42%
2015 -3.68% -6.55%
2014 -5.62% -9.75%
2013 -7.61% -2.46%
2012 -8.2% -3.45%
2011 -8.99% -4.34%
2010 -9.08% -3.5%
2009 -9.69% -4.35%
2008 -4.11% -1.9%
2007 -2.9% -2.19%
2006 -3.03% -3.03%
2005 -4.44% -2.06%
2004 -5.31% -3.17%
2003 -7.43% -2.64%
2002 -7.34% -3.36%
2001 -6.2% -4.43%
2000 -7.28% -1.26%
1999 -6.75% -0.31%
1998 -10% -1.08%
1997 -3.53% -1.81%
1996 -4.87% -2.07%
1995 -4.3% -2.46%
1994 -3.76% -4%
1993 -2.39% -2.53%
1992 0.57% -1.85%
1991 1.67% -2.01%
1990 1.96% -4.42%
1989 1.23% -4.23%
1988 0.49% -6.47%
1987 -0.36% -7.24%
1986 -1.36% -12.1%
1985 -1.37% -9.69%
1984 -2.62% -13.4%
1983 -3.95% -15.8%
1982 -3.81% -3.61%
1981 -3.85% -7.41%
1980 -4.66% -1.47%
1979 -5% -
1978 -5.79% -
1977 -4.02% -
1976 -3.89% -
1975 -2.92% -
1974 0.38% -
1973 0.56% -
1972 -0.13% -
1971 1.21% -
1970 1.74% -
1969 1.26% -
1968 0.88% -
1967 0.8% -
1966 -0.34% -
1965 0.48% -
1964 0.85% -
1963 1.08% -
1962 1.49% -
1961 2.58% -
1960 1.85% -
1959 0.97% -
1958 -0.1% -
1957 1.27% -
1956 1.39% -
1955 -0.67% -
1954 0.7% -
1953 1.65% -
1952 2.22% -
1951 5.06% -
1950 6.99% -
1949 12.5% -
1948 7.53% -
1947 6.09% -
1946 - -
1945 - -
1944 - -
1943 0.32% -
1942 -0.13% -
1941 -0.19% -
1940 0.31% -
1939 0.11% -
1938 0.45% -
1937 0.71% -
1936 0.34% -
1935 0.26% -
1934 0.34% -
1933 0.28% -
1932 0.31% -
1931 0.23% -
1930 0.19% -
1929 0.5% -
1928 0.42% -
1927 0.58% -
1926 0.65% -
1925 0.75% -
1924 0.84% -
1923 0.87% -
1922 0.89% -
1921 1.43% -
1920 1.19% -
1919 1.21% -
1918 1.58% -
1917 1.54% -
1916 1.37% -
1915 1.41% -
1914 1.31% -
1913 1.21% -
1912 1.27% -
1911 1.21% -
1910 1.57% -
1909 1.51% -
1908 1.63% -
1907 1.77% -
1906 0.46% -
1905 -0.68% -
1904 -0.81% -
1903 0.19% -
1902 0.44% -
1901 0.21% -
1900 0.53% -
1899 0.2% -
1898 0.6% -
1897 0.33% -
1896 0.88% -
1895 0.28% -
1894 -0.24% -
1893 0.6% -
1892 0.63% -
1891 0.61% -
1890 0.74% -
1889 0.18% -
1888 0.13% -
1887 0.11% -
1886 0.03% -
1885 0.01% -
1884 0.001% -
1883 0.03% -
1882 0.001% -
1881 0.001% -
1880 0.004% -
1879 0.02% -
1878 0.02% -
1877 -0.29% -
1876 -0.42% -
1875 0.005% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Japan's government deficit, the difference between spending and revenue, was $61.6B, equivalent to 1.53% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 34 years, Japan recorded a fiscal deficit in 32 of those years, while Mozambique ran a deficit in 33 years. On average, Japan posted an annual deficit equal to 4.99% of GDP, compared to deficit of 3.46% of GDP for Mozambique.

Inflation comparison by year

Inflation
Japan

Mozambique
1x
Year Consumer prices inflation
Japan Mozambique
2024 2.74% 3.2%
2023 3.27% 7%
2022 2.5% 10.4%
2021 -0.23% 6.6%
2020 -0.02% 0.9%
2019 0.47% 5.7%
2018 0.99% 3.2%
2017 0.48% 15.8%
2016 -0.13% 18.4%
2015 0.8% 3.6%
2014 2.76% 2.6%
2013 0.34% 4.3%
2012 -0.04% 2.6%
2011 -0.27% 11.2%
2010 -0.73% 12.4%
2009 -1.35% 3.8%
2008 1.38% 14.5%
2007 0.06% 10.4%
2006 0.25% 13.2%
2005 -0.28% 6.4%
2004 -0.009% 12.6%
2003 -0.26% 13.5%
2002 -0.92% 16.8%
2001 -0.74% 9.1%
2000 -0.68% 12.7%
1999 -0.34% 2.9%
1998 0.66% 1.5%
1997 1.75% 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/japan/mozambique | CC BY

Over the past 28 years, Japan has recorded an average annual inflation rate of 0.44%, compared with 8.31% in Mozambique. In 2024, inflation was 2.74% in Japan and 3.2% in Mozambique.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $81.4M
Textiles & consumer goods $18.5M
Metals $10.2M
Raw materials & minerals $4.96M
Miscellaneous $4.74M
Chemicals & pharma $3.76M
Processed food, beverages & tobacco $1.23M
Animal & marine products $194K
Wood & paper products $33K
Precious metals & jewellery $5K
Mozambique
Export category Export value
Raw materials & minerals $53.4M
Raw agricultural goods $28.2M
Metals $1.21M
Textiles & consumer goods $970K
Processed food, beverages & tobacco $173K
Animal & marine products $141K
Machinery & equipment $67K
Chemicals & pharma $64K
Wood & paper products $23K
Precious metals & jewellery $4K

Balance of trade

Japan Mozambique
Current account balance
$194B
2024
-$2.49B
2024
Current account balance ranking
3/190
2024
150/190
2024
Current account balance, % of GDP
+4.82%
2024
-11%
2024
Goods imports
$719B
2024
$8.38B
2024
Goods exports
$694B
2024
$8.21B
2024
Service imports
$246B
2024
$2.11B
2024
Service exports
$228B
2024
$1.15B
2024
Imports of goods and services, % of GDP
23.6%
2024
52.8%
2024
Exports of goods and services, % of GDP
22.8%
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.

Japan Mozambique
Economic freedom 70.3 49.6
Economic freedom ranking 36/197 164/197
Property rights 94.2 29.7
Government integrity 81.1 25.1
Judicial effectiveness 97.9 43.4
Tax burden 63 75.8
Government spending 52 67
Fiscal health 41.7 39.1
Business freedom 77.8 40.2
Labor freedom 65.9 47.7
Monetary freedom 74.3 76.2
Trade freedom 76.2 71.2
Investment freedom 60 40
Financial freedom 60 40

Economic freedom comparison by year

Japan
Mozambique
1x
Year Economic freedom index
Japan Mozambique
2026 70.3 49.6
2025 70.2 50.7
2024 67.5 50.7
2023 69.3 52.5
2022 69.9 51.3
2021 74.1 51.6
2020 73.3 50.5
2019 72.1 48.6
2018 72.3 46.3
2017 69.6 49.9
2016 73.1 53.2
2015 73.3 54.8
2014 72.4 55
2013 71.8 55
2012 71.6 57.1
2011 72.8 56.8
2010 72.9 56
2009 72.8 55.7
2008 73 55.4
2007 72.7 54.7
2006 73.3 51.9
2005 67.3 54.6
2004 64.3 57.2
2003 67.6 58.6
2002 66.7 57.7
2001 70.9 59.2
2000 70.7 52.2
1999 69.1 48.9
1998 70.2 43
1997 70.3 44
1996 72.6 48.4
1995 75 45.5

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, 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

Japan Mozambique
Services, % of GDP
69.8%
2023
41.1%
2024
Industry, % of GDP
28.6%
2023
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.94%
2023
25.2%
2024
GNI, Atlas method
$4.46T
2024
$19.1B
2024
GNI per capita, PPP
$55,490
2024
$1,520
2024
Total reserves including gold
$1.23T
2024
$3.84B
2024
Total reserves ranking
2/177
2024
108/177
2024
Net foreign direct investment
$191B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$16.2B
2024
$3.51B
2024
Net outflows of foreign direct investment
$203B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
16.1%
2020
65%
2022
Gross capital formation, % of GDP
26.2%
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/japan/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) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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)
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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.