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Economy of Mozambique vs Namibia compared: GDP & Debt

Updated on by Georank

Mozambique has a GDP of $22.3B compared to $15.1B for Namibia, ranking 127/197 and 146/197 by economy size, respectively.

Mozambique has $22.9B in government debt (102.5% of GDP), compared to $10.6B (70.2% of GDP) in Namibia.

Mozambique vs Namibia GDP by year

Mozambique
Namibia
1x
Year GDP, current $
Mozambique Namibia
2025 $22,337,997,046 $15,080,340,654
2024 $22,752,244,245 $13,641,190,683
2023 $20,927,498,317 $12,522,012,874
2022 $18,884,232,599 $12,569,449,123
2021 $16,168,055,475 $12,402,486,184
2020 $14,235,420,174 $10,583,748,542
2019 $15,512,759,047 $12,541,928,303
2018 $15,017,358,953 $13,682,019,076
2017 $13,264,640,646 $12,895,153,371
2016 $12,069,051,237 $10,722,018,732
2015 $16,208,985,770 $11,335,161,084
2014 $17,978,246,586 $12,435,430,970
2013 $17,198,073,057 $12,043,307,277
2012 $16,688,114,144 $13,042,053,592
2011 $14,619,279,989 $12,523,359,441
2010 $11,411,894,724 $11,431,412,421
2009 $12,263,894,790 $8,938,847,189
2008 $12,920,340,965 $8,607,431,497
2007 $10,811,456,006 $8,839,536,476
2006 $9,509,835,537 $8,001,779,551
2005 $8,868,504,900 $7,248,374,838
2004 $7,937,255,565 $6,609,205,995
2003 $6,583,526,861 $4,926,439,384
2002 $5,950,769,427 $3,349,169,826
2001 $5,650,154,067 $3,557,341,215
2000 $5,930,685,215 $3,922,232,165
1999 $6,285,219,691 $3,868,551,730
1998 $5,551,118,149 $3,873,109,866
1997 $4,873,663,775 $4,154,989,950
1996 $4,030,146,135 $3,989,163,197
1995 $3,061,646,174 $3,978,514,206
1994 $2,958,108,170 $3,666,503,530
1993 $2,883,161,897 $3,251,188,833
1992 $2,798,696,511 $3,429,521,699
1991 $3,854,856,435 $2,996,869,281
1990 - $2,789,921,854
1989 - $2,535,135,798
1988 - $2,495,094,746
1987 - $2,300,068,217
1986 - $1,809,048,527
1985 - $1,608,237,350
1984 - $1,951,260,038
1983 - $2,297,400,688
1982 - $2,118,710,248
1981 - $2,249,908,578
1980 - $2,421,990,338

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Mozambique vs Namibia by year

Mozambique
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $627 - $4,876 -
2024 $657 $1,705 $4,502 $11,687
2023 $622 $1,678 $4,226 $11,251
2022 $578 $1,582 $4,350 $10,663
2021 $510 $1,457 $4,413 $9,709
2020 $462 $1,412 $3,879 $9,354
2019 $519 $1,389 $4,732 $9,609
2018 $518 $1,326 $5,309 $9,854
2017 $471 $1,283 $5,144 $9,888
2016 $441 $1,379 $4,396 $10,200
2015 $611 $1,318 $4,774 $10,466
2014 $697 $1,166 $5,378 $10,365
2013 $687 $1,114 $5,347 $9,699
2012 $686 $1,076 $5,943 $9,364
2011 $618 $1,064 $5,835 $9,002
2010 $496 $1,000 $5,418 $8,538
2009 $548 $951 $4,303 $8,079
2008 $592 $916 $4,205 $8,125
2007 $508 $862 $4,379 $7,875
2006 $457 $798 $4,017 $7,374
2005 $437 $721 $3,686 $6,767
2004 $400 $673 $3,403 $6,480
2003 $339 $620 $2,569 $5,693
2002 $314 $580 $1,772 $5,433
2001 $305 $533 $1,916 $5,196
2000 $327 $472 $2,157 $5,129
1999 $354 $468 $2,178 $4,961
1998 $320 $422 $2,235 $4,852
1997 $287.5 $387 $2,460 $4,764
1996 $244.4 $350 $2,423 $4,612
1995 $191.8 $321 $2,483 $4,509
1994 $196.8 $326 $2,356 $4,376
1993 $205.2 $321 $2,155 $4,345
1992 $205.6 $292 $2,347 $4,452
1991 $288.7 $315 $2,117 $4,192
1990 - $296 $2,037 $3,875
1989 - - $1,967 -
1988 - - $2,063 -
1987 - - $1,969 -
1986 - - $1,599 -
1985 - - $1,466 -
1984 - - $1,830 -
1983 - - $2,214 -
1982 - - $2,097 -
1981 - - $2,267 -
1980 - - $2,468 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Mozambique's GDP per capita is $627, ranking 193/197, compared to $4,876 in Namibia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Namibia ranks 128th at $11,687.

Economic indicators

Mozambique Namibia
Gross domestic product
$22.3B
2025
$15.1B
2025
GDP rank
127/197
2025
146/197
2025
GDP growth
-0.52%
2024-2025
1.73%
2024-2025
GDP per capita
$627
2025
$4,876
2025
GDP per capita rank
193/197
2025
125/197
2025
GDP per capita, PPP
$1,705
2024
$11,687
2024
GDP per capita PPP rank
192/197
2024
128/197
2024
Government debt
$22.9B
2025
$10.6B
2025
Debt-to-GDP ratio
102.5%
2025
70.2%
2025
Government debt per person
$643
2025
$3,425
2025
Government debt per person rank
158/185
2025
97/185
2025
Average annual personal income after taxes
$1,324
2026
$3,433
2026
Market capitalization of domestic companies n/a
$2.48B
2024
Income share by richest 10%
40.8%
2022
47.2%
2015
Income share by poorest 10%
1.7%
2022
1%
2015
Government expenditure, % of GDP
30.3%
2025
39.4%
2025
Consumer prices inflation
4.4%
2024-2025
3.5%
2024-2025
Central bank interest rate
9.25%
2026
6.5%
2025
Unemployment rate
6.79%
2022
19.9%
2018
Population
37173146
3185686

Spending and national debt comparison by year

Mozambique
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Mozambique Namibia
Government spending Government debt Government spending Government debt
2025 30.3% 102.5% 39.4% 70.2%
2024 33.3% 91.4% 39.6% 69.8%
2023 33.3% 90.8% 37% 67.9%
2022 32.9% 100.4% 36.6% 70.1%
2021 32.1% 104.3% 39.3% 69.6%
2020 33.9% 120% 41.5% 64.3%
2019 28% 98.3% 37.4% 57.6%
2018 31.2% 105.5% 36.3% 48.7%
2017 28.6% 103.8% 38.1% 43.8%
2016 28.7% 124.8% 41.8% 45.8%
2015 32.2% 86% 43.7% 42.1%
2014 39.7% 63.4% 41.8% 27.6%
2013 31.7% 49.5% 38.3% 26.1%
2012 28.1% 36.7% 35% 24.6%
2011 28.9% 34.2% 38.5% 27.4%
2010 26.6% 38.6% 33.5% 16.3%
2009 25.7% 39.3% 32% 15.9%
2008 21.3% 32.8% 28.4% 19.1%
2007 20.9% 31.2% 26.1% 19.4%
2006 20.1% 40% 27.4% 26.1%
2005 17% 60.1% 27.7% 26.9%
2004 17.8% 50.8% 28.4% 29.2%
2003 18.6% 63.2% 31.1% 27.1%
2002 18.6% 63.4% 29.8% 22.2%
2001 20.8% 99.8% 30.7% 24.4%
2000 17.2% 95.8% 30.1% 20.9%
1999 15.6% 94.7% 31.8% 21.8%
1998 14.9% - 31.3% 19.6%
1997 16.5% - 30.9% 17.7%
1996 14.9% - 30.4% 18.7%
1995 18.8% - 29.6% 18%
1994 22.9% - 28.7% 16.4%
1993 20.7% - 32.4% 17.2%
1992 21.1% - 32.8% 14.1%
1991 17.3% - 33% 11.8%
1990 21% - 30.2% 12.9%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-07-08).

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

In 2025, Mozambique's government spending was $6.76B, accounting for 30.3% of its GDP, while Namibia spent $5.94B, or 39.4% of GDP.

Debt-to-GDP ratio is 102.5% in Mozambique and 70.2% in Namibia, ranking 21/185 and 57/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Namibia
1x
Year Deficit/surplus, % of GDP
Mozambique Namibia
2025 -3.97% -6.46%
2024 -6.23% -3.84%
2023 -4.26% -3.14%
2022 -5.22% -6.33%
2021 -5.23% -8.68%
2020 -6.19% -8.07%
2019 1.7% -5.49%
2018 -5.7% -5.09%
2017 -1.99% -4.99%
2016 -5.06% -9.3%
2015 -6.55% -8.3%
2014 -9.75% -6.44%
2013 -2.46% -4.69%
2012 -3.45% -3.1%
2011 -4.34% -7.09%
2010 -3.4% -4.98%
2009 -4.35% -0.4%
2008 -1.9% 3.48%
2007 -2.19% 6.01%
2006 -3.03% 3.41%
2005 -2.06% -0.31%
2004 -3.17% -2.67%
2003 -2.64% -4.47%
2002 -3.36% -1.38%
2001 -4.43% -2.01%
2000 -1.26% -0.79%
1999 -0.31% -1.88%
1998 -1.08% -2.76%
1997 -1.81% -2.38%
1996 -2.07% -3.7%
1995 -2.46% -1.74%
1994 -4% -0.57%
1993 -2.53% -2.73%
1992 -1.85% -2.55%
1991 -2.01% -1.59%
1990 -4.42% 1.08%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Mozambique's government deficit, the difference between spending and revenue, was $886M, equivalent to 3.97% of GDP. This compares to Namibia's deficit of $974M, or 6.46% of GDP.

Over the past 35 years, Mozambique recorded a fiscal deficit in 34 of those years, while Namibia ran a deficit in 32 years. On average, Mozambique posted an annual deficit equal to 3.39% of GDP, compared to deficit of 3.29% of GDP for Namibia.

Inflation comparison by year

Inflation
Mozambique

Namibia
1x
Year Consumer prices inflation
Mozambique Namibia
2025 4.4% 3.5%
2024 3.2% 4.2%
2023 7% 5.9%
2022 10.4% 6.1%
2021 6.6% 3.6%
2020 0.9% 2.2%
2019 5.7% 3.7%
2018 3.2% 4.3%
2017 15.8% 6.1%
2016 18.4% 6.7%
2015 3.6% 3.4%
2014 2.6% 5.3%
2013 4.3% 5.6%
2012 2.6% 6.7%
2011 11.2% 5%
2010 12.4% 4.9%
2009 3.8% 9.5%
2008 14.5% 9.1%
2007 10.4% 6.5%
2006 13.2% 5%
2005 6.4% 2.3%
2004 12.6% 4.1%
2003 13.5% 7.2%
2002 16.8% 12.7%
2001 9.1% 10.2%
2000 12.7% 10.2%
1999 2.9% 9.4%
1998 1.5% 6.6%
1997 7.4% 9.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mozambique has recorded an average annual inflation rate of 8.18%, compared with 6.2% in Namibia. In 2025, inflation was 4.4% in Mozambique and 3.5% in Namibia.

Top exports between countries

Mozambique
Export category Export value
Processed food, beverages & tobacco $911K
Machinery & equipment $293K
Textiles & consumer goods $169K
Raw agricultural goods $96K
Chemicals & pharma $60K
Metals $43K
Animal & marine products $9K
Precious metals & jewellery $7K
Raw materials & minerals $1K
Namibia
Export category Export value
Animal & marine products $32.6M
Machinery & equipment $2.04M
Miscellaneous $462K
Processed food, beverages & tobacco $348K
Raw materials & minerals $255K
Textiles & consumer goods $241K
Metals $108K
Chemicals & pharma $95K
Raw agricultural goods $17K
Precious metals & jewellery $4K

Balance of trade

Mozambique Namibia
Current account balance
-$2.49B
2024
-$1.83B
2024
Current account balance ranking
148/190
2024
138/190
2024
Current account balance, % of GDP
-11%
2024
-13.4%
2024
Goods imports
$8.38B
2024
$6.77B
2024
Goods exports
$8.21B
2024
$4.67B
2024
Service imports
$2.11B
2024
$2.47B
2024
Service exports
$1.15B
2024
$1.29B
2024
Imports of goods and services, % of GDP
55.7%
2025
63.9%
2025
Exports of goods and services, % of GDP
41.4%
2025
44.7%
2025

Economic freedom indices

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

Mozambique Namibia
Economic freedom 49.6 60.2
Economic freedom ranking 164/197 95/197
Property rights 29.7 63.1
Government integrity 25.1 51.5
Judicial effectiveness 43.4 67.2
Tax burden 75.8 66.4
Government spending 67 57.1
Fiscal health 39.1 60.5
Business freedom 40.2 58
Labor freedom 47.7 62.7
Monetary freedom 76.2 76.1
Trade freedom 71.2 69.8
Investment freedom 40 50
Financial freedom 40 40

Economic freedom comparison by year

Mozambique
Namibia
1x
Year Economic freedom index
Mozambique Namibia
2026 49.6 60.2
2025 50.7 58.7
2024 50.7 57.5
2023 52.5 57.7
2022 51.3 59.2
2021 51.6 62.6
2020 50.5 60.9
2019 48.6 58.7
2018 46.3 58.5
2017 49.9 62.5
2016 53.2 61.9
2015 54.8 59.6
2014 55 59.4
2013 55 60.3
2012 57.1 61.9
2011 56.8 62.7
2010 56 62.2
2009 55.7 62.4
2008 55.4 61.4
2007 54.7 63.5
2006 51.9 60.7
2005 54.6 61.4
2004 57.2 62.4
2003 58.6 67.3
2002 57.7 65.1
2001 59.2 64.8
2000 52.2 66.7
1999 48.9 66.1
1998 43 66.1
1997 44 61.6
1996 48.4 -
1995 45.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Namibia
Services, % of GDP
42%
2025
55%
2025
Industry, % of GDP
22.1%
2025
28.9%
2025
Agriculture, forestry, and fishing, % of GDP
25.6%
2025
6.99%
2025
GNI, Atlas method
$20.4B
2025
$13.4B
2025
GNI per capita, PPP
$1,540
2025
$11,260
2025
Total reserves including gold
$3.84B
2024
$3.1B
2025
Total reserves ranking
112/177
2024
119/177
2025
Net foreign direct investment
-$3.55B
2024
-$1.89B
2024
Net inflows of foreign direct investment
$3.51B
2024
$1.93B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$44.4M
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
17.4%
2015
Gross capital formation, % of GDP
24.2%
2025
18.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.