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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 $22.7B for Mozambique, ranking 79/197 and 123/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Lithuania vs Mozambique GDP by year

Lithuania
Mozambique
1x
Year GDP, current $
Lithuania Mozambique
2024 $84,869,215,513 $22,745,341,305
2023 $79,789,877,416 $20,921,079,533
2022 $71,033,884,500 $18,883,528,581
2021 $67,037,321,009 $16,168,055,475
2020 $57,412,038,533 $14,235,420,174
2019 $55,122,066,226 $15,512,759,047
2018 $54,261,795,149 $15,017,358,953
2017 $47,756,764,508 $13,264,640,646
2016 $42,970,749,245 $12,069,051,237
2015 $41,540,954,817 $16,208,985,770
2014 $48,306,546,657 $17,978,246,586
2013 $46,303,660,422 $17,198,073,057
2012 $42,709,372,067 $16,688,114,144
2011 $43,186,501,863 $14,619,279,989
2010 $36,638,128,534 $11,411,894,724
2009 $37,494,380,039 $12,263,894,790
2008 $47,831,254,208 $12,920,340,965
2007 $39,729,151,615 $10,811,456,006
2006 $30,116,192,747 $9,509,835,537
2005 $26,105,207,115 $8,868,504,900
2004 $22,743,164,431 $7,937,255,565
2003 $18,809,197,970 $6,583,526,861
2002 $14,282,292,665 $5,950,769,427
2001 $12,260,761,329 $5,650,154,067
2000 $11,550,695,727 $5,930,685,215
1999 $11,022,095,814 $6,285,219,691
1998 $11,289,161,847 $5,551,118,149
1997 $10,168,271,903 $4,873,663,775
1996 $8,430,207,164 $4,030,146,135
1995 $7,921,210,340 $3,061,646,174
1994 - $2,958,108,170
1993 - $2,883,161,897
1992 - $2,798,696,511
1991 - $3,854,856,435

Data sources: World Bank | Economy & Growth (1991–2024, retrieved 2026-04-06).

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

GDP per capita in Lithuania vs Mozambique by year

Lithuania
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $657 $1,705
2023 $27,786 $52,348 $622 $1,678
2022 $25,086 $50,936 $578 $1,582
2021 $23,870 $45,874 $510 $1,457
2020 $20,429 $41,263 $462 $1,412
2019 $19,609 $40,564 $519 $1,389
2018 $19,247 $36,492 $518 $1,326
2017 $16,800 $31,305 $471 $1,283
2016 $14,934 $28,699 $441 $1,379
2015 $14,270 $26,949 $611 $1,318
2014 $16,446 $26,275 $697 $1,166
2013 $15,637 $24,890 $687 $1,114
2012 $14,288 $23,275 $686 $1,076
2011 $14,262 $21,558 $618 $1,064
2010 $11,829 $18,719 $496 $1,000
2009 $11,854 $17,055 $548 $951
2008 $14,956 $19,410 $592 $916
2007 $12,295 $17,969 $508 $862
2006 $9,210 $15,522 $457 $798
2005 $7,857 $13,951 $437 $721
2004 $6,735 $12,605 $400 $673
2003 $5,507 $11,660 $339 $620
2002 $4,148 $10,296 $314 $580
2001 $3,533 $9,399 $305 $533
2000 $3,301 $8,475 $327 $472
1999 $3,128 $7,918 $354 $468
1998 $3,181 $7,846 $320 $422
1997 $2,844 $7,167 $287.5 $387
1996 $2,341 $6,479 $244.4 $350
1995 $2,183 $6,023 $191.8 $321
1994 - $5,667 $196.8 $326
1993 - $6,107 $205.2 $321
1992 - $7,087 $205.6 $292
1991 - $8,790 $288.7 $315
1990 - $9,030 - $296

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Mozambique ranks 192nd at $1,705.

Economic indicators

Lithuania Mozambique
Gross domestic product
$84.9B
2024
$22.7B
2024
GDP rank
79/197
2024
123/197
2024
GDP growth
2.77%
2023-2024
2.15%
2023-2024
GDP per capita
$29,384
2024
$657
2024
GDP per capita rank
43/197
2024
189/197
2024
GDP per capita, PPP
$55,286
2024
$1,705
2024
GDP per capita PPP rank
39/197
2024
192/197
2024
Government debt
$32.4B
2024
$21.2B
2024
Debt-to-GDP ratio
38.2%
2024
93.2%
2024
Government debt per person
$11,232
2024
$612
2024
Government debt per person rank
49/185
2024
159/185
2024
Average annual personal income after taxes
$19,946
2026
$1,778
2026
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
39.5%
2024
33.2%
2024
Consumer prices inflation
0.72%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
7.1%
2024
6.79%
2022
Population
2829914
36941128

Spending and national debt comparison by year

Lithuania
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Lithuania Mozambique
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 33.2% 93.2%
2023 37.4% 37.3% 33.3% 90.9%
2022 36.3% 38.1% 32.9% 100.3%
2021 37.3% 43.3% 32.1% 104.3%
2020 42.4% 45.9% 33.9% 120%
2019 34.6% 35.6% 28% 98.3%
2018 33.8% 33.3% 32.9% 105.5%
2017 33.4% 39.3% 29.5% 103.8%
2016 34.5% 40% 29.1% 124.8%
2015 35.2% 42.6% 32.2% 86%
2014 35% 40.7% 39.7% 63.4%
2013 35.7% 38.9% 31.7% 49.5%
2012 36.6% 39.9% 28.1% 36.7%
2011 40.1% 37.5% 28.9% 34.2%
2010 43% 36.7% 26.7% 38.6%
2009 44.8% 27.9% 25.7% 39.3%
2008 38.2% 14.6% 21.3% 32.8%
2007 35.3% 15.9% 20.9% 31.2%
2006 34.4% 17.3% 20.1% 40%
2005 34.1% 17.6% 17% 60.1%
2004 33.9% 18.6% 17.8% 50.8%
2003 32.8% 20.4% 18.6% 63.2%
2002 34.4% 22.1% 18.6% 63.4%
2001 36.5% 22.9% 20.8% 99.8%
2000 38.7% 23.5% 17.2% 95.8%
1999 42.4% 28% 15.6% 94.7%
1998 39.6% 21.7% 14.9% -
1997 35% - 16.5% -
1996 34.4% - 14.9% -
1995 35.5% - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 93.2% in Mozambique, ranking 139/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Mozambique
1x
Year Deficit/surplus, % of GDP
Lithuania Mozambique
2024 -1.28% -6.17%
2023 -0.69% -4.26%
2022 -0.72% -5.22%
2021 -1.15% -5.23%
2020 -6.42% -6.19%
2019 0.41% 1.7%
2018 0.52% -7.39%
2017 0.36% -2.9%
2016 0.03% -5.42%
2015 -0.77% -6.55%
2014 -1.79% -9.75%
2013 -2.69% -2.46%
2012 -3.15% -3.45%
2011 -5.92% -4.34%
2010 -6.95% -3.5%
2009 -9.09% -4.35%
2008 -3.09% -1.9%
2007 -0.82% -2.19%
2006 -0.27% -3.03%
2005 -0.34% -2.06%
2004 -1.39% -3.17%
2003 -1.26% -2.64%
2002 -1.85% -3.36%
2001 -3.52% -4.43%
2000 -3.18% -1.26%
1999 -7.82% -0.31%
1998 -4.93% -1.08%
1997 -0.76% -1.81%
1996 -3.59% -2.07%
1995 -3.31% -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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

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 $1.4B, or 6.17% 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 2.51% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Lithuania

Mozambique
1x
Year Consumer prices inflation
Lithuania Mozambique
2024 0.72% 3.2%
2023 9.12% 7%
2022 19.7% 10.4%
2021 4.68% 6.6%
2020 1.2% 0.9%
2019 2.33% 5.7%
2018 2.7% 3.2%
2017 3.72% 15.8%
2016 0.91% 18.4%
2015 -0.88% 3.6%
2014 0.1% 2.6%
2013 1.05% 4.3%
2012 3.09% 2.6%
2011 4.13% 11.2%
2010 1.32% 12.4%
2009 4.45% 3.8%
2008 10.9% 14.5%
2007 5.74% 10.4%
2006 3.74% 13.2%
2005 2.66% 6.4%
2004 1.16% 12.6%
2003 -1.13% 13.5%
2002 0.28% 16.8%
2001 1.37% 9.1%
2000 0.98% 12.7%
1999 0.73% 2.9%
1998 5.07% 1.5%
1997 8.88% 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/lithuania/mozambique | CC BY

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 8.31% in Mozambique. In 2024, inflation was 0.72% in Lithuania and 3.2% in Mozambique.

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
$2.77B
2024
-$2.49B
2024
Current account balance ranking
41/190
2024
150/190
2024
Current account balance, % of GDP
+3.27%
2024
-11%
2024
Goods imports
$43.8B
2024
$8.38B
2024
Goods exports
$38.9B
2024
$8.21B
2024
Service imports
$14.7B
2024
$2.11B
2024
Service exports
$24.3B
2024
$1.15B
2024
Imports of goods and services, % of GDP
68.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
74.1%
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.

Lithuania Mozambique
Economic freedom 75.3 49.6
Economic freedom ranking 18/197 164/197
Property rights 91.8 29.7
Government integrity 71.4 25.1
Judicial effectiveness 73.2 43.4
Tax burden 76.2 75.8
Government spending 57.3 67
Fiscal health 95.8 39.1
Business freedom 84.2 40.2
Labor freedom 58.1 47.7
Monetary freedom 76.7 76.2
Trade freedom 79.4 71.2
Investment freedom 70 40
Financial freedom 70 40

Economic freedom comparison by year

Lithuania
Mozambique
1x
Year Economic freedom index
Lithuania Mozambique
2026 75.3 49.6
2025 74.6 50.7
2024 72.9 50.7
2023 72.2 52.5
2022 75.8 51.3
2021 76.9 51.6
2020 76.7 50.5
2019 74.2 48.6
2018 75.3 46.3
2017 75.8 49.9
2016 75.2 53.2
2015 74.7 54.8
2014 73 55
2013 72.1 55
2012 71.5 57.1
2011 71.3 56.8
2010 70.3 56
2009 70 55.7
2008 70.9 55.4
2007 71.5 54.7
2006 71.8 51.9
2005 70.5 54.6
2004 72.4 57.2
2003 69.7 58.6
2002 66.1 57.7
2001 65.5 59.2
2000 61.9 52.2
1999 61.5 48.9
1998 59.4 43
1997 57.3 44
1996 49.7 48.4
1995 - 45.5

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, 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

Lithuania Mozambique
Services, % of GDP
63.6%
2024
41.1%
2024
Industry, % of GDP
23.4%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
25.2%
2024
GNI, Atlas method
$78.4B
2024
$19.1B
2024
GNI per capita, PPP
$53,920
2024
$1,520
2024
Total reserves including gold
$7.41B
2024
$3.84B
2024
Total reserves ranking
86/177
2024
108/177
2024
Net foreign direct investment
-$3.91B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$4.7B
2024
$3.51B
2024
Net outflows of foreign direct investment
$795M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
20.9%
2021
65%
2022
Gross capital formation, % of GDP
20.4%
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/lithuania/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.