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Economy of Moldova vs Mozambique compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $22.7B for Mozambique, ranking 134/197 and 123/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Moldova vs Mozambique GDP by year

Moldova
Mozambique
1x
Year GDP, current $
Moldova Mozambique
2024 $18,200,340,854 $22,745,341,305
2023 $16,711,906,746 $20,921,079,533
2022 $14,525,337,524 $18,883,528,581
2021 $13,691,869,264 $16,168,055,475
2020 $11,530,746,234 $14,235,420,174
2019 $11,736,797,055 $15,512,759,047
2018 $11,252,353,421 $15,017,358,953
2017 $9,514,404,016 $13,264,640,646
2016 $7,980,917,076 $12,069,051,237
2015 $7,797,667,197 $16,208,985,770
2014 $9,402,090,138 $17,978,246,586
2013 $9,496,717,876 $17,198,073,057
2012 $8,709,138,635 $16,688,114,144
2011 $8,414,352,020 $14,619,279,989
2010 $6,974,982,370 $11,411,894,724
2009 $5,439,434,272 $12,263,894,790
2008 $6,054,824,248 $12,920,340,965
2007 $4,401,173,152 $10,811,456,006
2006 $3,408,255,451 $9,509,835,537
2005 $2,988,342,907 $8,868,504,900
2004 $2,598,249,556 $7,937,255,565
2003 $1,980,907,435 $6,583,526,861
2002 $1,661,818,168 $5,950,769,427
2001 $1,480,673,594 $5,650,154,067
2000 $1,288,429,392 $5,930,685,215
1999 $1,170,782,957 $6,285,219,691
1998 $1,698,717,505 $5,551,118,149
1997 $1,930,081,169 $4,873,663,775
1996 $1,695,122,174 $4,030,146,135
1995 $1,752,999,370 $3,061,646,174
1994 $1,702,314,268 $2,958,108,170
1993 $2,371,813,324 $2,883,161,897
1992 $2,319,243,436 $2,798,696,511
1991 $3,094,565,871 $3,854,856,435
1990 $3,592,857,043 -

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

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

GDP per capita in Moldova vs Mozambique by year

Moldova
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $657 $1,705
2023 $6,800 $17,747 $622 $1,678
2022 $5,744 $16,453 $578 $1,582
2021 $5,275 $15,682 $510 $1,457
2020 $4,376 $13,527 $462 $1,412
2019 $4,405 $13,413 $519 $1,389
2018 $4,156 $11,868 $518 $1,326
2017 $3,453 $11,252 $471 $1,283
2016 $2,847 $10,326 $441 $1,379
2015 $2,750 $9,198 $611 $1,318
2014 $3,290 $8,643 $697 $1,166
2013 $3,321 $8,233 $687 $1,114
2012 $3,045 $7,255 $686 $1,076
2011 $2,941 $6,833 $618 $1,064
2010 $2,437 $6,323 $496 $1,000
2009 $1,898 $5,827 $548 $951
2008 $2,111 $6,153 $592 $916
2007 $1,531 $5,590 $508 $862
2006 $1,183 $5,271 $457 $798
2005 $1,034 $4,866 $437 $721
2004 $897 $4,378 $400 $673
2003 $682 $3,960 $339 $620
2002 $571 $3,633 $314 $580
2001 $507 $3,311 $305 $533
2000 $441 $3,045 $327 $472
1999 $399 $2,910 $354 $468
1998 $579 $2,965 $320 $422
1997 $657 $3,136 $287.5 $387
1996 $575 $3,021 $244.4 $350
1995 $594 $3,146 $191.8 $321
1994 $574 $3,111 $196.8 $326
1993 $797 $4,394 $205.2 $321
1992 $778 $4,337 $205.6 $292
1991 $1,038 $5,980 $288.7 $315
1990 $1,207 $6,895 - $296

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

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Mozambique ranks 192nd at $1,705.

Economic indicators

Moldova Mozambique
Gross domestic product
$18.2B
2024
$22.7B
2024
GDP rank
134/197
2024
123/197
2024
GDP growth
0.1%
2023-2024
2.15%
2023-2024
GDP per capita
$7,576
2024
$657
2024
GDP per capita rank
99/197
2024
189/197
2024
GDP per capita, PPP
$18,615
2024
$1,705
2024
GDP per capita PPP rank
100/197
2024
192/197
2024
Government debt
$7.06B
2024
$21.2B
2024
Debt-to-GDP ratio
38.8%
2024
93.2%
2024
Government debt per person
$2,938
2024
$612
2024
Government debt per person rank
102/185
2024
159/185
2024
Average annual personal income after taxes
$4,291
2026
$1,778
2026
Income share by richest 10%
22.8%
2023
40.8%
2022
Income share by poorest 10%
4.3%
2023
1.7%
2022
Government expenditure, % of GDP
38%
2024
33.2%
2024
Consumer prices inflation
4.68%
2023-2024
3.2%
2023-2024
Central bank interest rate
6%
2025
9.75%
2025
Unemployment rate
1.43%
2024
6.79%
2022
Population
2341166
36941128

Spending and national debt comparison by year

Moldova
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Moldova Mozambique
Government spending Government debt Government spending Government debt
2024 38% 38.8% 33.2% 93.2%
2023 38.8% 34.9% 33.3% 90.9%
2022 36.6% 35% 32.9% 100.3%
2021 34.6% 33.6% 32.1% 104.3%
2020 36.7% 36.6% 33.9% 120%
2019 32% 28.8% 28% 98.3%
2018 31.5% 31.8% 32.9% 105.5%
2017 31% 34.9% 29.5% 103.8%
2016 30.5% 39.7% 29.1% 124.8%
2015 31.7% 42.1% 32.2% 86%
2014 33.8% 35.4% 39.7% 63.4%
2013 32.4% 30% 31.7% 49.5%
2012 33.7% 31.3% 28.1% 36.7%
2011 32.6% 24.2% 28.9% 34.2%
2010 34.1% 25.5% 26.7% 38.6%
2009 45.3% 32.6% 25.7% 39.3%
2008 41.5% 22.2% 21.3% 32.8%
2007 42.7% 28.3% 20.9% 31.2%
2006 40.3% 35% 20.1% 40%
2005 37.1% 40.4% 17% 60.1%
2004 34.8% 49.3% 17.8% 50.8%
2003 33.5% 68.1% 18.6% 63.2%
2002 30.7% 80.3% 18.6% 63.4%
2001 29.5% 85.4% 20.8% 99.8%
2000 34% 89.1% 17.2% 95.8%
1999 33% 150.7% 15.6% 94.7%
1998 39.1% 159.4% 14.9% -
1997 46% 89% 16.5% -
1996 43.3% 87.5% 14.9% -
1995 42% 79.5% 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/moldova/mozambique | CC BY

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 93.2% in Mozambique, ranking 137/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Mozambique
1x
Year Deficit/surplus, % of GDP
Moldova Mozambique
2024 -3.88% -6.17%
2023 -5.13% -4.26%
2022 -3.24% -5.22%
2021 -2.62% -5.23%
2020 -5.32% -6.19%
2019 -1.47% 1.7%
2018 -0.85% -7.39%
2017 -0.65% -2.9%
2016 -1.56% -5.42%
2015 -1.93% -6.55%
2014 -1.6% -9.75%
2013 -1.57% -2.46%
2012 -1.93% -3.45%
2011 -2.05% -4.34%
2010 -2.18% -3.5%
2009 -6.38% -4.35%
2008 -0.87% -1.9%
2007 0.15% -2.19%
2006 -0.42% -3.03%
2005 1.44% -2.06%
2004 0.59% -3.17%
2003 0.47% -2.64%
2002 -1.18% -3.36%
2001 -0.34% -4.43%
2000 -3.55% -1.26%
1999 -2.64% -0.31%
1998 -1.52% -1.08%
1997 -7.47% -1.81%
1996 -7.42% -2.07%
1995 -2.58% -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/moldova/mozambique | CC BY

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Mozambique ran a deficit in 29 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Moldova

Mozambique
1x
Year Consumer prices inflation
Moldova Mozambique
2024 4.68% 3.2%
2023 13.4% 7%
2022 28.7% 10.4%
2021 5.11% 6.6%
2020 3.77% 0.9%
2019 4.84% 5.7%
2018 3.05% 3.2%
2017 6.57% 15.8%
2016 6.36% 18.4%
2015 9.68% 3.6%
2014 5.09% 2.6%
2013 4.6% 4.3%
2012 4.55% 2.6%
2011 7.69% 11.2%
2010 7.48% 12.4%
2009 -0.06% 3.8%
2008 12.8% 14.5%
2007 12.4% 10.4%
2006 12.8% 13.2%
2005 12% 6.4%
2004 12.5% 12.6%
2003 11.7% 13.5%
2002 5.3% 16.8%
2001 9.76% 9.1%
2000 31.3% 12.7%
1999 39.3% 2.9%
1998 7.7% 1.5%
1997 11.8% 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/moldova/mozambique | CC BY

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 8.31% in Mozambique. In 2024, inflation was 4.68% in Moldova and 3.2% in Mozambique.

Top exports between countries

Moldova
Export category Export value
Machinery & equipment $670K
Miscellaneous $168K
Mozambique
Export category Export value
Machinery & equipment $1K

Balance of trade

Moldova Mozambique
Current account balance
-$3.01B
2024
-$2.49B
2024
Current account balance ranking
156/190
2024
150/190
2024
Current account balance, % of GDP
-16.6%
2024
-11%
2024
Goods imports
$8.63B
2024
$8.38B
2024
Goods exports
$3.01B
2024
$8.21B
2024
Service imports
$1.8B
2024
$2.11B
2024
Service exports
$2.73B
2024
$1.15B
2024
Imports of goods and services, % of GDP
57.3%
2024
52.8%
2024
Exports of goods and services, % of GDP
31.4%
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.

Moldova Mozambique
Economic freedom 58.1 49.6
Economic freedom ranking 112/197 164/197
Property rights 40.4 29.7
Government integrity 45.1 25.1
Judicial effectiveness 32.4 43.4
Tax burden 87.9 75.8
Government spending 57.2 67
Fiscal health 70.3 39.1
Business freedom 68.3 40.2
Labor freedom 48.1 47.7
Monetary freedom 66 76.2
Trade freedom 76.8 71.2
Investment freedom 55 40
Financial freedom 50 40

Economic freedom comparison by year

Moldova
Mozambique
1x
Year Economic freedom index
Moldova Mozambique
2026 58.1 49.6
2025 58.3 50.7
2024 57.1 50.7
2023 58.5 52.5
2022 61.3 51.3
2021 62.5 51.6
2020 62 50.5
2019 59.1 48.6
2018 58.4 46.3
2017 58 49.9
2016 57.4 53.2
2015 57.5 54.8
2014 57.3 55
2013 55.5 55
2012 54.4 57.1
2011 55.7 56.8
2010 53.7 56
2009 54.9 55.7
2008 57.9 55.4
2007 58.7 54.7
2006 58 51.9
2005 57.4 54.6
2004 57.1 57.2
2003 60 58.6
2002 57.4 57.7
2001 54.9 59.2
2000 59.6 52.2
1999 56.1 48.9
1998 53.5 43
1997 48.9 44
1996 52.5 48.4
1995 33 45.5

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, 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

Moldova Mozambique
Services, % of GDP
62.3%
2024
41.1%
2024
Industry, % of GDP
16.8%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
25.2%
2024
GNI, Atlas method
$16.5B
2024
$19.1B
2024
GNI per capita, PPP
$18,710
2024
$1,520
2024
Total reserves including gold
$5.48B
2024
$3.84B
2024
Total reserves ranking
96/177
2024
108/177
2024
Net foreign direct investment
-$360M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$458M
2024
$3.51B
2024
Net outflows of foreign direct investment
$98.4M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
22.4%
2024
Poverty at national poverty lines
31.6%
2023
65%
2022
Gross capital formation, % of GDP
21.1%
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/moldova/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 (2023–2024, 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.