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Economy of Malta vs Mozambique compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $22.7B for Mozambique, ranking 119/197 and 123/197 by economy size, respectively.

Malta has $11.5B in government debt (46.2% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Malta vs Mozambique GDP by year

Malta
Mozambique
1x
Year GDP, current $
Malta Mozambique
2024 $24,971,574,502 $22,745,341,305
2023 $22,610,561,526 $20,921,079,533
2022 $18,928,276,162 $18,883,528,581
2021 $19,739,875,611 $16,168,055,475
2020 $16,404,663,226 $14,235,420,174
2019 $16,337,793,531 $15,512,759,047
2018 $16,153,779,511 $15,017,358,953
2017 $14,161,366,724 $13,264,640,646
2016 $12,025,782,834 $12,069,051,237
2015 $11,340,795,042 $16,208,985,770
2014 $11,888,032,874 $17,978,246,586
2013 $10,796,782,636 $17,198,073,057
2012 $9,609,532,089 $16,688,114,144
2011 $9,789,361,703 $14,619,279,989
2010 $9,097,044,159 $11,411,894,724
2009 $8,734,745,698 $12,263,894,790
2008 $9,135,419,465 $12,920,340,965
2007 $7,908,412,306 $10,811,456,006
2006 $6,749,838,806 $9,509,835,537
2005 $6,393,234,993 $8,868,504,900
2004 $6,104,141,520 $7,937,255,565
2003 $5,418,315,224 $6,583,526,861
2002 $4,455,127,414 $5,950,769,427
2001 $4,070,867,133 $5,650,154,067
2000 $4,036,809,815 $5,930,685,215
1999 $4,111,857,809 $6,285,219,691
1998 $4,010,111,688 $5,551,118,149
1997 $3,787,023,707 $4,873,663,775
1996 $3,822,547,197 $4,030,146,135
1995 $3,709,396,045 $3,061,646,174
1994 $2,998,505,428 $2,958,108,170
1993 $2,709,193,538 $2,883,161,897
1992 $3,021,942,759 $2,798,696,511
1991 $2,750,216,747 $3,854,856,435
1990 $2,547,328,748 -
1989 $2,118,655,677 -
1988 $2,019,503,068 -
1987 $1,751,293,461 -
1986 $1,435,038,441 -
1985 $1,117,797,439 -
1984 $1,101,807,023 -
1983 $1,165,729,707 -
1982 $1,234,474,404 -
1981 $1,243,509,394 -
1980 $1,250,198,601 -
1979 $1,001,288,847 -
1978 $793,673,402 -
1977 $625,563,171 -
1976 $527,936,989 -
1975 $474,618,321 -
1974 $376,081,124 -
1973 $345,616,106 -
1972 $295,106,628 -
1971 $264,578,485 -
1970 $250,728,796 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Malta vs Mozambique by year

Malta
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $657 $1,705
2023 $40,906 $67,057 $622 $1,678
2022 $35,639 $60,589 $578 $1,582
2021 $38,097 $56,852 $510 $1,457
2020 $31,823 $49,972 $462 $1,412
2019 $32,422 $51,393 $519 $1,389
2018 $33,382 $48,178 $518 $1,326
2017 $30,317 $45,764 $471 $1,283
2016 $26,459 $41,000 $441 $1,379
2015 $25,530 $38,369 $611 $1,318
2014 $27,425 $35,206 $697 $1,166
2013 $25,416 $33,138 $687 $1,114
2012 $22,878 $30,716 $686 $1,076
2011 $23,517 $29,426 $618 $1,064
2010 $21,947 $28,909 $496 $1,000
2009 $21,176 $26,782 $548 $951
2008 $22,315 $26,654 $592 $916
2007 $19,444 $25,012 $508 $862
2006 $16,654 $23,219 $457 $798
2005 $15,831 $22,227 $437 $721
2004 $15,212 $21,566 $400 $673
2003 $13,594 $20,813 $339 $620
2002 $11,251 $19,532 $314 $580
2001 $10,358 $18,435 $305 $533
2000 $10,348 $18,214 $327 $472
1999 $10,609 $16,898 $354 $468
1998 $10,408 $16,219 $320 $422
1997 $9,893 $15,465 $287.5 $387
1996 $10,062 $14,661 $244.4 $350
1995 $9,828 $13,950 $191.8 $321
1994 $8,000 $12,938 $196.8 $326
1993 $7,296 $12,103 $205.2 $321
1992 $8,220 $11,429 $205.6 $292
1991 $7,559 $10,784 $288.7 $315
1990 $7,192 $10,086 - $296
1989 $6,041 - - -
1988 $5,814 - - -
1987 $5,084 - - -
1986 $4,195 - - -
1985 $3,322 - - -
1984 $3,333 - - -
1983 $3,527 - - -
1982 $3,788 - - -
1981 $3,898 - - -
1980 $3,948 - - -
1979 $3,196 - - -
1978 $2,559 - - -
1977 $2,038 - - -
1976 $1,727 - - -
1975 $1,560 - - -
1974 $1,245 - - -
1973 $1,144 - - -
1972 $976 - - -
1971 $874 - - -
1970 $828 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Malta's GDP per capita is $43,899, ranking 28/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Mozambique ranks 192nd at $1,705.

Economic indicators

Malta Mozambique
Gross domestic product
$25B
2024
$22.7B
2024
GDP rank
119/197
2024
123/197
2024
GDP growth
6.8%
2023-2024
2.15%
2023-2024
GDP per capita
$43,899
2024
$657
2024
GDP per capita rank
28/197
2024
189/197
2024
GDP per capita, PPP
$69,864
2024
$1,705
2024
GDP per capita PPP rank
25/197
2024
192/197
2024
Government debt
$11.5B
2024
$21.2B
2024
Debt-to-GDP ratio
46.2%
2024
93.2%
2024
Government debt per person
$20,269
2024
$612
2024
Government debt per person rank
31/185
2024
159/185
2024
Average annual personal income after taxes
$23,692
2026
$1,778
2026
Market capitalization of domestic companies
$4.29B
2024
n/a
Income share by richest 10%
27.7%
2022
40.8%
2022
Income share by poorest 10%
2.7%
2022
1.7%
2022
Government expenditure, % of GDP
37.3%
2024
33.2%
2024
Consumer prices inflation
1.65%
2023-2024
3.2%
2023-2024
Central bank interest rate n/a
9.75%
2025
Unemployment rate
3.12%
2024
6.79%
2022
Population
581729
36941128

Spending and national debt comparison by year

Malta
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Malta Mozambique
Government spending Government debt Government spending Government debt
2024 37.3% 46.2% 33.2% 93.2%
2023 36.1% 46.8% 33.3% 90.9%
2022 38.3% 50.1% 32.9% 100.3%
2021 39.4% 49.6% 32.1% 104.3%
2020 42.1% 48.6% 33.9% 120%
2019 34.9% 39.2% 28% 98.3%
2018 34.5% 41.4% 32.9% 105.5%
2017 32.7% 45.6% 29.5% 103.8%
2016 35.5% 53.1% 29.1% 124.8%
2015 37.8% 55% 32.2% 86%
2014 39.6% 60.7% 39.7% 63.4%
2013 40.1% 64.9% 31.7% 49.5%
2012 41.7% 65.6% 28.1% 36.7%
2011 41.5% 68.9% 28.9% 34.2%
2010 40.1% 65% 26.7% 38.6%
2009 41.1% 66% 25.7% 39.3%
2008 42.1% 61.5% 21.3% 32.8%
2007 41.2% 62% 20.9% 31.2%
2006 42.5% 64.5% 20.1% 40%
2005 42.5% 70.2% 17% 60.1%
2004 42% 70.4% 17.8% 50.8%
2003 45.6% 68.6% 18.6% 63.2%
2002 43.6% 65.1% 18.6% 63.4%
2001 44.4% 70% 20.8% 99.8%
2000 42.9% 64.4% 17.2% 95.8%
1999 - 69.8% 15.6% 94.7%
1998 - 66.4% 14.9% -
1997 - 60.8% 16.5% -
1996 - 51.5% 14.9% -
1995 - 45.3% 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/malta/mozambique | CC BY

In 2024, Malta's government spending was $9.32B, accounting for 37.3% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 46.2% in Malta and 93.2% in Mozambique, ranking 118/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Mozambique
1x
Year Deficit/surplus, % of GDP
Malta Mozambique
2024 -3.58% -6.17%
2023 -4.65% -4.26%
2022 -5.31% -5.22%
2021 -6.95% -5.23%
2020 -8.72% -6.19%
2019 0.72% 1.7%
2018 1.86% -7.39%
2017 3.4% -2.9%
2016 1.1% -5.42%
2015 -0.84% -6.55%
2014 -1.49% -9.75%
2013 -2.19% -2.46%
2012 -3.31% -3.45%
2011 -2.99% -4.34%
2010 -2.22% -3.5%
2009 -3.11% -4.35%
2008 -4.06% -1.9%
2007 -2.05% -2.19%
2006 -2.46% -3.03%
2005 -2.83% -2.06%
2004 -4.28% -3.17%
2003 -9.04% -2.64%
2002 -5.62% -3.36%
2001 -6.5% -4.43%
2000 -5.83% -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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Malta's government deficit, the difference between spending and revenue, was $893M, equivalent to 3.58% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Mozambique ran a deficit in 24 years. On average, Malta posted an annual deficit equal to 3.24% of GDP, compared to deficit of 3.98% of GDP for Mozambique.

Inflation comparison by year

Inflation
Malta

Mozambique
1x
Year Consumer prices inflation
Malta Mozambique
2024 1.65% 3.2%
2023 5.09% 7%
2022 6.15% 10.4%
2021 1.5% 6.6%
2020 0.64% 0.9%
2019 1.64% 5.7%
2018 1.16% 3.2%
2017 1.36% 15.8%
2016 0.64% 18.4%
2015 1.1% 3.6%
2014 0.31% 2.6%
2013 1.18% 4.3%
2012 2.38% 2.6%
2011 2.96% 11.2%
2010 1.52% 12.4%
2009 2.08% 3.8%
2008 4.26% 14.5%
2007 1.25% 10.4%
2006 2.77% 13.2%
2005 3.01% 6.4%
2004 2.79% 12.6%
2003 1.3% 13.5%
2002 2.19% 16.8%
2001 2.93% 9.1%
2000 2.37% 12.7%
1999 2.13% 2.9%
1998 2.39% 1.5%
1997 3.11% 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/malta/mozambique | CC BY

Over the past 28 years, Malta has recorded an average annual inflation rate of 2.21%, compared with 8.31% in Mozambique. In 2024, inflation was 1.65% in Malta and 3.2% in Mozambique.

Top exports between countries

Malta
Export category Export value
Wood & paper products $11.5M
Processed food, beverages & tobacco $39K
Chemicals & pharma $33K
Machinery & equipment $4K
Mozambique
Export category Export value
Processed food, beverages & tobacco $6K
Animal & marine products $5K
Raw agricultural goods $3K
Textiles & consumer goods $1K
Wood & paper products $1K

Balance of trade

Malta Mozambique
Current account balance
$1.78B
2024
-$2.49B
2024
Current account balance ranking
47/190
2024
150/190
2024
Current account balance, % of GDP
+7.12%
2024
-11%
2024
Goods imports
$7.56B
2024
$8.38B
2024
Goods exports
$4.58B
2024
$8.21B
2024
Service imports
$17.4B
2024
$2.11B
2024
Service exports
$25B
2024
$1.15B
2024
Imports of goods and services, % of GDP
99.7%
2024
52.8%
2024
Exports of goods and services, % of GDP
118.5%
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.

Malta Mozambique
Economic freedom 68.2 49.6
Economic freedom ranking 49/197 164/197
Property rights 85.5 29.7
Government integrity 54.3 25.1
Judicial effectiveness 80.2 43.4
Tax burden 68.5 75.8
Government spending 58.4 67
Fiscal health 63.2 39.1
Business freedom 83.2 40.2
Labor freedom 62.6 47.7
Monetary freedom 73.1 76.2
Trade freedom 79.4 71.2
Investment freedom 60 40
Financial freedom 50 40

Economic freedom comparison by year

Malta
Mozambique
1x
Year Economic freedom index
Malta Mozambique
2026 68.2 49.6
2025 66.8 50.7
2024 64.5 50.7
2023 67.5 52.5
2022 71.5 51.3
2021 70.2 51.6
2020 69.5 50.5
2019 68.6 48.6
2018 68.5 46.3
2017 67.7 49.9
2016 66.7 53.2
2015 66.5 54.8
2014 66.4 55
2013 67.5 55
2012 67 57.1
2011 65.7 56.8
2010 67.2 56
2009 66.1 55.7
2008 66 55.4
2007 66.1 54.7
2006 67.3 51.9
2005 68.9 54.6
2004 63.3 57.2
2003 61.1 58.6
2002 62.2 57.7
2001 62.9 59.2
2000 58.3 52.2
1999 59.3 48.9
1998 61.2 43
1997 57.9 44
1996 55.8 48.4
1995 56.3 45.5

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, 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

Malta Mozambique
Services, % of GDP
81.8%
2024
41.1%
2024
Industry, % of GDP
10.7%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
25.2%
2024
GNI, Atlas method
$20.9B
2024
$19.1B
2024
GNI per capita, PPP
$61,340
2024
$1,520
2024
Total reserves including gold
$1.42B
2024
$3.84B
2024
Total reserves ranking
137/177
2024
108/177
2024
Net foreign direct investment
-$6.13B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$42.6B
2024
$3.51B
2024
Net outflows of foreign direct investment
$36.5B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI n/a
22.4%
2024
Poverty at national poverty lines
16.7%
2021
65%
2022
Gross capital formation, % of GDP
19%
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/malta/mozambique | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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.