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Economy of Mozambique vs Niger compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $19.9B for Niger, ranking 123/197 and 130/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Mozambique vs Niger GDP by year

Mozambique
Niger
1x
Year GDP, current $
Mozambique Niger
2024 $22,745,341,305 $19,876,128,486
2023 $20,921,079,533 $16,698,786,978
2022 $18,883,528,581 $15,433,852,712
2021 $16,168,055,475 $14,915,002,436
2020 $14,235,420,174 $13,744,653,103
2019 $15,512,759,047 $12,889,555,561
2018 $15,017,358,953 $12,837,307,497
2017 $13,264,640,646 $11,185,104,252
2016 $12,069,051,237 $10,398,861,982
2015 $16,208,985,770 $9,683,867,926
2014 $17,978,246,586 $10,862,943,544
2013 $17,198,073,057 $10,224,897,438
2012 $16,688,114,144 $9,426,912,648
2011 $14,619,279,989 $8,772,950,778
2010 $11,411,894,724 $7,851,192,502
2009 $12,263,894,790 $7,352,131,310
2008 $12,920,340,965 $7,297,600,226
2007 $10,811,456,006 $5,731,485,052
2006 $9,509,835,537 $4,756,361,252
2005 $8,868,504,900 $4,383,315,965
2004 $7,937,255,565 $3,760,443,738
2003 $6,583,526,861 $3,394,084,732
2002 $5,950,769,427 $2,782,192,879
2001 $5,650,154,067 $2,448,714,704
2000 $5,930,685,215 $2,241,753,193
1999 $6,285,219,691 $2,537,789,821
1998 $5,551,118,149 $2,643,363,519
1997 $4,873,663,775 $2,290,318,910
1996 $4,030,146,135 $2,405,686,940
1995 $3,061,646,174 $2,302,537,562
1994 $2,958,108,170 $1,938,058,175
1993 $2,883,161,897 $3,052,673,849
1992 $2,798,696,511 $3,386,232,579
1991 $3,854,856,435 $3,285,796,875
1990 - $3,512,356,508
1989 - $2,179,567,114
1988 - $2,280,356,193
1987 - $2,233,006,105
1986 - $1,904,096,998
1985 - $1,440,581,652
1984 - $1,461,243,326
1983 - $1,803,099,561
1982 - $2,017,612,216
1981 - $2,170,893,414
1980 - $2,508,524,721
1979 - $2,109,277,666
1978 - $1,774,365,590
1977 - $1,291,458,041
1976 - $1,064,517,601
1975 - $1,048,690,933
1974 - $1,026,137,111
1973 - $946,385,105
1972 - $742,779,661
1971 - $693,573,704
1970 - $649,916,621
1969 - $625,867,985
1968 - $641,214,226
1967 - $665,586,872
1966 - $702,296,079
1965 - $673,383,511
1964 - $582,816,396
1963 - $586,294,879
1962 - $531,736,599
1961 - $485,785,231
1960 - $449,526,873

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Mozambique vs Niger by year

Mozambique
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $735 $2,050
2023 $622 $1,678 $638 $1,875
2022 $578 $1,582 $610 $1,840
2021 $510 $1,457 $609 $1,586
2020 $462 $1,412 $580 $1,497
2019 $519 $1,389 $562 $1,419
2018 $518 $1,326 $579 $1,276
2017 $471 $1,283 $522 $1,208
2016 $441 $1,379 $503 $1,189
2015 $611 $1,318 $486 $1,172
2014 $697 $1,166 $565 $1,161
2013 $687 $1,114 $552 $1,138
2012 $686 $1,076 $529 $1,162
2011 $618 $1,064 $511 $1,064
2010 $496 $1,000 $474 $1,058
2009 $548 $951 $461 $999
2008 $592 $916 $475 $1,010
2007 $508 $862 $387 $955
2006 $457 $798 $333 $935
2005 $437 $721 $319 $888
2004 $400 $673 $283.5 $832
2003 $339 $620 $265.2 $837
2002 $314 $580 $225.3 $832
2001 $305 $533 $205.4 $809
2000 $327 $472 $194.8 $764
1999 $354 $468 $228.3 $783
1998 $320 $422 $246.1 $801
1997 $287.5 $387 $220.6 $745
1996 $244.4 $350 $239.5 $746
1995 $191.8 $321 $237 $757
1994 $196.8 $326 $206.2 $748
1993 $205.2 $321 $335 $742
1992 $205.6 $292 $384 $746
1991 $288.7 $315 $384 $738
1990 - $296 $424 $739
1989 - - $271.3 -
1988 - - $292.6 -
1987 - - $295.3 -
1986 - - $259.6 -
1985 - - $202.4 -
1984 - - $211.5 -
1983 - - $268.8 -
1982 - - $310 -
1981 - - $343 -
1980 - - $409 -
1979 - - $354 -
1978 - - $307 -
1977 - - $229.8 -
1976 - - $194.8 -
1975 - - $197.2 -
1974 - - $198.3 -
1973 - - $187.9 -
1972 - - $151.4 -
1971 - - $145.2 -
1970 - - $139.8 -
1969 - - $138.3 -
1968 - - $145.6 -
1967 - - $155.4 -
1966 - - $168.6 -
1965 - - $166.3 -
1964 - - $148.1 -
1963 - - $153.3 -
1962 - - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Mozambique's GDP per capita is $657, ranking 189/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Niger ranks 186th at $2,050.

Economic indicators

Mozambique Niger
Gross domestic product
$22.7B
2024
$19.9B
2024
GDP rank
123/197
2024
130/197
2024
GDP growth
2.15%
2023-2024
10.3%
2023-2024
GDP per capita
$657
2024
$735
2024
GDP per capita rank
189/197
2024
187/197
2024
GDP per capita, PPP
$1,705
2024
$2,050
2024
GDP per capita PPP rank
192/197
2024
186/197
2024
Government debt
$21.2B
2024
$9.39B
2024
Debt-to-GDP ratio
93.2%
2024
47.2%
2024
Government debt per person
$612
2024
$347
2024
Government debt per person rank
159/185
2024
173/185
2024
Average annual personal income after taxes
$1,778
2026
$1,163
2026
Income share by richest 10%
40.8%
2022
27.8%
2021
Income share by poorest 10%
1.7%
2022
3.8%
2021
Government expenditure, % of GDP
33.2%
2024
13.4%
2024
Consumer prices inflation
3.2%
2023-2024
9.07%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
6.79%
2022
0.4%
2022
Population
36941128
29080898

Spending and national debt comparison by year

Mozambique
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Mozambique Niger
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 13.4% 47.2%
2023 33.3% 90.9% 15.8% 51.8%
2022 32.9% 100.3% 21.6% 50.6%
2021 32.1% 104.3% 24.3% 51.3%
2020 33.9% 120% 22.4% 45%
2019 28% 98.3% 21.6% 39.8%
2018 32.9% 105.5% 21.2% 37%
2017 29.5% 103.8% 19.5% 36.5%
2016 29.1% 124.8% 19.4% 32.8%
2015 32.2% 86% 24.2% 29.9%
2014 39.7% 63.4% 23.6% 22.1%
2013 31.7% 49.5% 20.4% 19.6%
2012 28.1% 36.7% 16.6% 18.1%
2011 28.9% 34.2% 15.3% 14.7%
2010 26.7% 38.6% 14.3% 15.1%
2009 25.7% 39.3% 17.7% 15.9%
2008 21.3% 32.8% 16.9% 14.2%
2007 20.9% 31.2% 17.4% 17.8%
2006 20.1% 40% 15.2% 18.3%
2005 17% 60.1% 15.6% 49.5%
2004 17.8% 50.8% 16.1% 55%
2003 18.6% 63.2% 14% 60.6%
2002 18.6% 63.4% 14.4% 69%
2001 20.8% 99.8% 13.7% 74%
2000 17.2% 95.8% 13.5% 82.1%
1999 15.6% 94.7% 15% 63.3%
1998 14.9% - 13.6% 61.3%
1997 16.5% - 12.9% 69.1%
1996 14.9% - 10.9% 63.5%
1995 18.8% - 12.5% 69.4%
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/mozambique/niger | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 47.2% in Niger, ranking 28/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Niger
1x
Year Deficit/surplus, % of GDP
Mozambique Niger
2024 -6.17% -4.27%
2023 -4.26% -5.37%
2022 -5.22% -6.77%
2021 -5.23% -6.1%
2020 -6.19% -4.82%
2019 1.7% -3.56%
2018 -7.39% -3.01%
2017 -2.9% -4.12%
2016 -5.42% -4.46%
2015 -6.55% -6.75%
2014 -9.75% -6.12%
2013 -2.46% -1.93%
2012 -3.45% -0.83%
2011 -4.34% -2.19%
2010 -3.5% -0.99%
2009 -4.35% -3.93%
2008 -1.9% 1.11%
2007 -2.19% -0.75%
2006 -3.03% 31%
2005 -2.06% -1.53%
2004 -3.17% -2.76%
2003 -2.64% -2.17%
2002 -3.36% -2.21%
2001 -4.43% -2.59%
2000 -1.26% -2.83%
1999 -0.31% -4.27%
1998 -1.08% -2.23%
1997 -1.81% -2.39%
1996 -2.07% -0.36%
1995 -2.46% -3.19%
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/mozambique/niger | CC BY

In 2024, Mozambique's government deficit, the difference between spending and revenue, was $1.4B, equivalent to 6.17% of GDP. This compares to Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Mozambique recorded a fiscal deficit in 29 of those years, while Niger ran a deficit in 28 years. On average, Mozambique posted an annual deficit equal to 3.58% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Mozambique

Niger
1x
Year Consumer prices inflation
Mozambique Niger
2024 3.2% 9.07%
2023 7% 3.7%
2022 10.4% 4.23%
2021 6.6% 3.84%
2020 0.9% 2.9%
2019 5.7% -2.49%
2018 3.2% 2.97%
2017 15.8% 2.8%
2016 18.4% 1.65%
2015 3.6% -0.58%
2014 2.6% -0.93%
2013 4.3% 2.3%
2012 2.6% 0.46%
2011 11.2% 2.94%
2010 12.4% 0.8%
2009 3.8% 0.58%
2008 14.5% 11.3%
2007 10.4% 0.05%
2006 13.2% 0.04%
2005 6.4% 7.8%
2004 12.6% 0.26%
2003 13.5% -1.61%
2002 16.8% 2.63%
2001 9.1% 4.01%
2000 12.7% 2.9%
1999 2.9% -2.3%
1998 1.5% 4.55%
1997 7.4% 2.93%

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/mozambique/niger | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 2.39% in Niger. In 2024, inflation was 3.2% in Mozambique and 9.07% in Niger.

Top exports between countries

Mozambique
Export category Export value
Machinery & equipment $937K
Processed food, beverages & tobacco $186K
Textiles & consumer goods $120K
Chemicals & pharma $1K
Wood & paper products $1K
Niger
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Mozambique Niger
Current account balance
-$2.49B
2024
-$2.33B
2023
Current account balance ranking
150/190
2024
146/190
2023
Current account balance, % of GDP
-11%
2024
-14%
2023
Goods imports
$8.38B
2024
$2.59B
2023
Goods exports
$8.21B
2024
$992M
2023
Service imports
$2.11B
2024
$1.22B
2023
Service exports
$1.15B
2024
$231M
2023
Imports of goods and services, % of GDP
52.8%
2024
22.7%
2024
Exports of goods and services, % of GDP
42.8%
2024
27.3%
2024

Economic freedom indices

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

Mozambique Niger
Economic freedom 49.6 51
Economic freedom ranking 164/197 156/197
Property rights 29.7 16.6
Government integrity 25.1 33.9
Judicial effectiveness 43.4 28
Tax burden 75.8 78.2
Government spending 67 91.4
Fiscal health 39.1 47.6
Business freedom 40.2 32.4
Labor freedom 47.7 54.7
Monetary freedom 76.2 67.9
Trade freedom 71.2 65.8
Investment freedom 40 55
Financial freedom 40 40

Economic freedom comparison by year

Mozambique
Niger
1x
Year Economic freedom index
Mozambique Niger
2026 49.6 51
2025 50.7 51.5
2024 50.7 52.3
2023 52.5 53.7
2022 51.3 54.9
2021 51.6 57.3
2020 50.5 54.7
2019 48.6 51.6
2018 46.3 49.5
2017 49.9 50.8
2016 53.2 54.3
2015 54.8 54.6
2014 55 55.1
2013 55 53.9
2012 57.1 54.3
2011 56.8 54.3
2010 56 52.9
2009 55.7 53.8
2008 55.4 52.9
2007 54.7 53.2
2006 51.9 52.5
2005 54.6 54.1
2004 57.2 54.6
2003 58.6 54.2
2002 57.7 48.2
2001 59.2 48.9
2000 52.2 45.9
1999 48.9 48.6
1998 43 47.5
1997 44 46.6
1996 48.4 45.8
1995 45.5 -

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

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Niger
Services, % of GDP
41.1%
2024
45%
2024
Industry, % of GDP
21.9%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
34.5%
2024
GNI, Atlas method
$19.1B
2024
$18.3B
2024
GNI per capita, PPP
$1,520
2024
$2,030
2024
Total reserves including gold
$3.84B
2024
n/a
Total reserves ranking
108/177
2024
n/a
Net foreign direct investment
-$3.55B
2024
-$1.02B
2023
Net inflows of foreign direct investment
$3.51B
2024
$358M
2024
Net outflows of foreign direct investment
-$44.1M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
1.94%
2024
Poverty at national poverty lines
65%
2022
41.2%
2021
Gross capital formation, % of GDP
17.7%
2024
22.1%
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/mozambique/niger | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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.