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Economy of Lithuania vs Mozambique compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $22.4B for Mozambique, ranking 78/197 and 123/197 by economy size, respectively.

Lithuania has $32.4B in government debt (41.8% of GDP), compared to $21.7B (101.1% of GDP) in Mozambique.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Lithuania
GDP, current $

GDP, constant 2015 $
Mozambique
GDP, current $

GDP, constant 2015 $
Year GDP
Lithuania Mozambique
Current $ Constant $ Current $ Constant $
1980 - - - $2,851,825,334
1981 - - - $2,994,416,685
1982 - - - $2,787,801,951
1983 - - - $2,350,116,988
1984 - - - $2,197,359,386
1985 - - - $2,219,332,908
1986 - - - $2,168,288,339
1987 - - - $2,487,026,735
1988 - - - $2,690,962,807
1989 - - - $2,865,875,512
1990 - $30,815,380,912 - $2,894,534,062
1991 - $29,066,403,740 $3,854,856,435 $3,037,102,926
1992 - $22,887,185,525 $2,798,696,511 $2,806,992,351
1993 - $19,173,313,428 $2,883,161,897 $3,114,089,525
1994 - $17,300,837,661 $2,958,108,170 $3,314,642,611
1995 $7,921,210,340 $17,870,049,093 $3,061,646,174 $3,385,008,954
1996 $8,430,207,164 $18,768,366,412 $4,030,146,135 $3,747,066,498
1997 $10,168,271,903 $20,326,259,135 $4,873,663,775 $4,189,780,379
1998 $11,289,161,847 $21,843,195,079 $5,551,118,149 $4,624,228,448
1999 $11,022,095,814 $21,603,573,442 $6,285,219,691 $5,170,672,900
2000 $11,550,695,727 $22,342,117,971 $5,930,685,215 $5,210,292,404
2001 $12,260,761,329 $23,790,809,197 $5,650,154,067 $5,879,902,616
2002 $14,282,292,665 $25,389,513,379 $5,950,769,427 $6,448,401,314
2003 $18,809,197,970 $28,068,588,416 $6,583,526,861 $6,913,827,632
2004 $22,743,164,431 $29,893,617,960 $7,937,255,565 $7,481,086,790
2005 $26,105,207,115 $32,204,827,117 $8,868,504,900 $7,953,294,767
2006 $30,116,192,747 $34,586,529,059 $9,509,835,537 $8,741,520,167
2007 $39,729,151,615 $38,417,999,936 $10,811,456,006 $9,410,189,984
2008 $47,831,254,208 $39,416,661,071 $12,920,340,965 $10,057,425,621
2009 $37,494,380,039 $33,567,775,754 $12,263,894,790 $10,653,727,557
2010 $36,638,128,534 $33,711,177,147 $11,411,894,724 $11,365,367,724
2011 $43,186,501,863 $35,842,949,499 $14,619,279,989 $12,176,179,698
2012 $42,709,372,067 $37,413,912,227 $16,688,114,144 $13,149,604,768
2013 $46,303,660,422 $38,928,020,774 $17,198,073,057 $14,013,719,723
2014 $48,306,546,657 $40,396,597,407 $17,978,246,586 $15,093,136,077
2015 $41,540,954,817 $41,540,954,817 $16,208,985,770 $16,208,985,770
2016 $42,970,749,245 $42,650,896,791 $12,069,051,237 $16,970,320,250
2017 $47,756,764,508 $44,618,059,836 $13,264,640,646 $17,418,032,490
2018 $54,261,795,149 $46,812,540,125 $15,017,358,953 $18,025,039,082
2019 $55,122,066,226 $49,002,127,329 $15,512,759,047 $18,442,825,952
2020 $57,412,038,533 $49,023,107,999 $14,235,420,174 $18,217,911,540
2021 $67,037,321,009 $52,150,790,163 $16,168,055,475 $18,651,030,678
2022 $71,033,884,500 $53,474,129,887 $18,883,528,581 $19,465,045,725
2023 $79,789,877,416 $53,657,151,896 $20,954,220,984 $20,523,332,839
2024 $84,869,215,513 $55,144,866,855 $22,416,650,343 $20,903,378,791

Economic indicators

Lithuania Mozambique
Gross domestic product
$84.9B
2024
$22.4B
2024
GDP rank
78/197
2024
123/197
2024
GDP growth
6.37%
2023-2024
6.98%
2023-2024
GDP per capita
$29,386
2024
$647
2024
GDP per capita rank
43/197
2024
190/197
2024
GDP per capita, PPP
$54,414
2024
$1,700
2024
Government debt
$32.4B
2024
$21.7B
2024
Debt-to-GDP ratio
41.8%
2025
101.1%
2025
Government debt per person
$11,232
2024
$625
2024
Government debt per person rank
50/185
2024
158/185
2024
Average annual personal income after taxes
$18,848
2025
$2,107
2025
Income share by richest 10%
27.3%
2023
40.8%
2022
Income share by poorest 10%
2.2%
2023
1.7%
2022
Government expenditure, % of GDP
41.2%
2025
32.2%
2025
Consumer prices inflation
0.72%
2023-2024
4.9%
2024-2025
Central bank interest rate n/a
10.3%
2025
Unemployment rate
7.1%
2024
6.79%
2022
Population
2858798
36441519

GDP per capita in Lithuania vs Mozambique

Lithuania's GDP per capita is $29,386, ranking 43/197, compared to $647 in Mozambique, ranking 190/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 38th at $54,414, while Mozambique ranks 193rd at $1,700.

Lithuania
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
Year Current $
Lithuania Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 - $8,947 - $296
1991 - $8,710 $288.7 $315
1992 - $7,022 $205.6 $292
1993 - $6,051 $205.2 $321
1994 - $5,615 $196.8 $326
1995 $2,183 $5,967 $191.8 $321
1996 $2,341 $6,420 $244.4 $350
1997 $2,844 $7,103 $287.5 $387
1998 $3,181 $7,797 $320 $422
1999 $3,128 $7,857 $354 $468
2000 $3,301 $8,466 $327 $472
2001 $3,533 $9,457 $305 $533
2002 $4,148 $10,497 $314 $580
2003 $5,507 $12,086 $339 $620
2004 $6,735 $13,097 $400 $673
2005 $7,857 $14,515 $437 $721
2006 $9,210 $16,447 $457 $798
2007 $12,295 $19,114 $508 $862
2008 $14,956 $20,736 $592 $916
2009 $11,854 $18,168 $548 $951
2010 $11,829 $19,828 $496 $1,000
2011 $14,262 $22,702 $618 $1,064
2012 $14,288 $24,567 $686 $1,076
2013 $15,637 $26,563 $687 $1,114
2014 $16,446 $28,006 $697 $1,166
2015 $14,270 $28,854 $611 $1,318
2016 $14,934 $30,773 $441 $1,379
2017 $16,800 $33,592 $471 $1,283
2018 $19,247 $36,492 $518 $1,326
2019 $19,609 $40,564 $519 $1,389
2020 $20,429 $41,263 $462 $1,412
2021 $23,870 $45,874 $510 $1,457
2022 $25,086 $50,498 $578 $1,582
2023 $27,786 $50,915 $623 $1,678
2024 $29,386 $54,414 $647 $1,700

Spending and national debt comparison

In 2024, Lithuania's government spending was $33.3B, accounting for 41.2% of its GDP, while Mozambique's spent $7.59B, or 32.2% of GDP.

Debt-to-GDP ratio is 41.8% in Lithuania and 101.1% in Mozambique, ranking 130/185 and 21/185, respectively.

Lithuania
Government spending

Government debt
Mozambique
Government spending

Government debt
Year % of GDP
Lithuania Mozambique
Government spending Government debt Government spending Government debt
1980 - - 14.2% -
1981 - - 23.8% -
1982 - - 27% -
1983 - - 35.3% -
1984 - - 30.9% -
1985 - - 21% -
1986 - - 24.2% -
1987 - - 22.9% -
1988 - - 27% -
1989 - - 27% -
1990 - - 21% -
1991 - - 17.3% -
1992 - - 21.1% -
1993 - - 20.7% -
1994 - - 22.9% -
1995 32.9% - 18.8% -
1996 31.9% - 14.9% -
1997 32.5% - 16.5% -
1998 36.7% 21.7% 14.9% -
1999 39.3% 28% 15.6% 94.7%
2000 35.9% 23.5% 17.2% 95.8%
2001 35% 22.9% 20.8% 99.8%
2002 33.2% 22.1% 18.6% 63.4%
2003 32.1% 20.4% 18.6% 63.2%
2004 33.1% 18.6% 17.8% 50.8%
2005 33.5% 17.6% 17% 60.1%
2006 33.8% 17.3% 20.1% 40%
2007 34.5% 15.9% 20.9% 31.2%
2008 37.1% 14.6% 21.3% 32.8%
2009 43.6% 27.9% 25.7% 39.3%
2010 41.8% 36.7% 26.6% 38.6%
2011 41.8% 37.5% 28.9% 34.2%
2012 35.3% 39.9% 28.1% 36.7%
2013 34.8% 38.9% 31.7% 49.5%
2014 34.2% 40.7% 39.7% 63.4%
2015 34.3% 42.6% 32.2% 86%
2016 33.4% 40% 28.7% 124.8%
2017 32.4% 39.3% 28.6% 103.8%
2018 32.8% 33.3% 31.2% 105.5%
2019 33.5% 35.6% 28% 98.3%
2020 41.5% 45.9% 33.9% 120%
2021 36.9% 43.3% 32.1% 104.3%
2022 36% 38.1% 32.9% 100.3%
2023 37.1% 37.3% 33.3% 90.8%
2024 39.3% 38.2% 33.9% 96.6%
2025 41.2% 41.8% 32.2% 101.1%

Government deficit by year

In 2024, Lithuania's government deficit, the difference between spending and revenue, was -$1.09B, equivalent to -1.28% of GDP. This compares to Mozambique's deficit of -$1.43B, or -6.38% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while Mozambique ran a deficit in 29 years. On average, Lithuania posted an annual deficit equal to -2.75% of GDP, compared to deficit of -3.48% of GDP for Mozambique.

Deficit/surplus
Lithuania

Mozambique
Year Deficit/surplus, % of GDP
Lithuania Mozambique
1980 - -1.47%
1981 - -7.41%
1982 - -3.61%
1983 - -15.8%
1984 - -13.4%
1985 - -9.69%
1986 - -12.1%
1987 - -7.24%
1988 - -6.47%
1989 - -4.23%
1990 - -4.42%
1991 - -2.01%
1992 - -1.85%
1993 - -2.53%
1994 - -4%
1995 -4% -2.46%
1996 -4.22% -2.07%
1997 -1.7% -1.81%
1998 -5.57% -1.08%
1999 -8.25% -0.31%
2000 -3.98% -1.26%
2001 -3.61% -4.43%
2002 -1.79% -3.36%
2003 -1.27% -2.64%
2004 -1.53% -3.17%
2005 -0.5% -2.06%
2006 -0.45% -3.03%
2007 -1% -2.19%
2008 -3.27% -1.9%
2009 -9.31% -4.35%
2010 -6.99% -3.4%
2011 -9.01% -4.34%
2012 -3.16% -3.45%
2013 -2.63% -2.46%
2014 -0.67% -9.75%
2015 -0.21% -6.55%
2016 0.26% -5.06%
2017 0.45% -1.99%
2018 0.59% -5.7%
2019 0.26% 1.7%
2020 -7.16% -6.19%
2021 -0.98% -5.23%
2022 -0.71% -5.22%
2023 -0.69% -4.23%
2024 -1.28% -6.38%
2025 -2.99% -5.58%

Inflation comparison by year

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 4.25%, compared with 9.7% in Mozambique. In 2024, inflation was 0.72% in Lithuania and 4.9% in Mozambique.

Inflation
Lithuania

Mozambique
Year Inflation
Lithuania Mozambique Lithuania Mozambique
1996 24.6% 48.5%
1997 8.88% 7.4%
1998 5.07% 1.5%
1999 0.73% 2.9%
2000 0.98% 12.7%
2001 1.37% 9.1%
2002 0.28% 16.8%
2003 -1.13% 13.5%
2004 1.16% 12.6%
2005 2.66% 6.4%
2006 3.74% 13.2%
2007 5.74% 10.4%
2008 10.9% 14.5%
2009 4.45% 3.8%
2010 1.32% 12.4%
2011 4.13% 11.2%
2012 3.09% 2.6%
2013 1.05% 4.3%
2014 0.1% 2.6%
2015 -0.88% 3.6%
2016 0.91% 18.4%
2017 3.72% 15.8%
2018 2.7% 3.2%
2019 2.33% 5.7%
2020 1.2% 0.9%
2021 4.68% 6.6%
2022 19.7% 10.4%
2023 9.12% 7%
2024 0.72% 3.2%
2025 - 4.9%

Top exports between countries

Lithuania
Export category Export value
Raw agricultural goods $18.2M
Processed food, beverages & tobacco $967K
Animal & marine products $364K
Textiles & consumer goods $309K
Raw materials & minerals $111K
Metals $103K
Machinery & equipment $91K
Chemicals & pharma $1K
Mozambique
Export category Export value

Balance of trade

Lithuania Mozambique
Current account balance
$2.1B
2024
-$2.49B
2024
Current account balance ranking
44/189
2024
148/189
2024
Current account balance, % of GDP
+2.48%
2024
-11.1%
2024
Goods imports
$43.8B
2024
$8.38B
2024
Goods exports
$38.7B
2024
$8.21B
2024
Service imports
$14.7B
2024
$2.11B
2024
Service exports
$24.2B
2024
$1.15B
2024
Imports of goods and services, % of GDP
68.9%
2024
52.9%
2024
Exports of goods and services, % of GDP
74.1%
2024
42.7%
2024

Economic freedom indices

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

Lithuania Mozambique
Economic freedom 74.6 50.7
Economic freedom ranking 19/197 163/197
Property rights 89.4 31.6
Government integrity 68.7 24.9
Judicial effectiveness 74.6 44.9
Tax burden 76.9 75.4
Government spending 58.8 68.8
Fiscal health 96 51.9
Business freedom 81 37.3
Labor freedom 60.5 47.7
Monetary freedom 69.2 72.3
Trade freedom 79.6 74
Investment freedom 70 40
Financial freedom 70 40

Economic freedom by year comparison

The Economic Freedom Index for Lithuania is 74.6, ranking 19/197, compared to 50.7 for Mozambique, ranking 163/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Lithuania
Mozambique
Year Economic freedom index
Lithuania Mozambique
1995 - 45.5
1996 49.7 48.4
1997 57.3 44
1998 59.4 43
1999 61.5 48.9
2000 61.9 52.2
2001 65.5 59.2
2002 66.1 57.7
2003 69.7 58.6
2004 72.4 57.2
2005 70.5 54.6
2006 71.8 51.9
2007 71.5 54.7
2008 70.9 55.4
2009 70 55.7
2010 70.3 56
2011 71.3 56.8
2012 71.5 57.1
2013 72.1 55
2014 73 55
2015 74.7 54.8
2016 75.2 53.2
2017 75.8 49.9
2018 75.3 46.3
2019 74.2 48.6
2020 76.7 50.5
2021 76.9 51.6
2022 75.8 51.3
2023 72.2 52.5
2024 72.9 50.7
2025 74.6 50.7

More economic indicators

Lithuania Mozambique
Services, % of GDP
63.6%
2024
38.4%
2024
Industry, % of GDP
23.4%
2024
24.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
26.3%
2024
GNI, Atlas method
$77.8B
2024
$18.9B
2024
GNI per capita, PPP
$53,070
2024
$1,510
2024
Total reserves including gold
$7.41B
2024
$3.84B
2024
Total reserves ranking
86/177
2024
108/177
2024
Net foreign direct investment
-$3.44B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$3.6B
2024
$3.51B
2024
Net outflows of foreign direct investment
$156M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
n/a
22.7%
2023
Poverty at national poverty lines
20.9%
2021
65%
2022
Gross capital formation, % of GDP
20.4%
2024
24.1%
2024

GDP per capita map

GDP per capita

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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.