Mozambique vs Nigeria: Economic Indicators Comparison
Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Mozambique ranked 124th with $14.7B. By GDP 5-years average growth and GDP per capita, Nigeria and Mozambique ranked 132nd vs 35th and 149th vs 192nd, respectively.
Gross Domestic Product & Income
| Stat |  Mozambique |  Nigeria |
|---|---|---|
| GDP | $14.7B | $397.3B |
| GDP growth, 1 year | 3.3% | 1.9% |
| GDP growth, 5-years average | 5% | 2% |
| Population | 29.7M | 190.9M |
| GDP per capita | $499 | $2k |
| GDP per capita growth | 0.46% | -0.67% |
| Purchasing Power Parity conversion factor | 20.62 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.34 | 0.34 |
| GDP per capita, PPP adjusted | $1.3k | $6k |
| GNI, Atlas method | $13.6B | $384.8B |
| GNI per capita | $460 | $2k |
| GNI, PPP adjusted | $42.2B | $1.1T |
| GNI per capita, PPP adjusted | $1.4k | $5.7k |
Financial system and Human development
| Stat | Mozambique | Nigeria |
|---|---|---|
| Income Tax Rate | 32% | 24% |
| Corporate Tax Rate | 32% | 30% |
| Inflation, consumer prices | 3.9% | 12.1% |
| Inflation, GDP deflator | 2.1% | 10.2% |
| Unemployment | 3.2% | 6% |
| Economic Freedom Index | 50.5 | 57.2 |
| Personal Freedom Index | 6.46 | 6.01 |
| Human Freedom Index | 6.14 | 6.1 |
| Property Rights Index | 34.9 | 38.1 |
| Judical Effectiveness Index | 31.7 | 32.2 |
| Business Freedom Index | 55.3 | 54.7 |
| Fiscal Health Index | 40.3 | 64.1 |
| Labor Freedom Index | 41.7 | 84 |
| Investment Freedom Index | 35 | 45 |
| Financial Freedom Index | 50 | 40 |
| Trade Freedom Index | 78 | 62.4 |
| Monetary Freedom Index | 72 | 61.7 |
| Government Spending Index | 69.6 | 96.2 |
| Tax Burden Index | 74.1 | 85.1 |
| Government Integrity Index | 23.2 | 22.3 |
| Corruption Perceptions Index | 23 | 27 |
| Life expectancy at birth, years | 59.3 | 54 |
| Suicide mortality rate, per 100,000 people | 4.9 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 30.1 | 21.4 |
| Intentional homicides, per 100,000 people | 3.4 | 9.9 |
| International tourism, number of arrivals | 2.7M | 5.3M |
Government debt & reserves
| Stat | Mozambique | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 100.4% | 28.4% |
| External debt stocks, % of GNI | 107.6% | 12.4% |
| External debt stocks | $15.2B | $47B |
| Short-term debt, % of total reserves | 37.8% | 0% |
| Total debt service, % of exports and primary income | 13.1% | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | -13.5% | 1.4% |
| Gross savings, % of GDP | 12.9% | 19.3% |
| Gross capital formation, % of GDP | 49% | 19.8% |
| Total reserves including gold | $3.3B | $42.8B |
| Foreign direct investment net inflows | $2.7B | $2B |
Exports, imports and economic structure
| Stat | Mozambique | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 47.8% | 15.5% |
| Imports of goods and services, % of GDP | 84.2% | 17.5% |
| Current account balance (balance of payments) | -$4.5B | $5.3B |
| Revenue excluding grants, % of GDP | 0% | N/A |
| Grants excluding technical cooperation, BoP | $1.3B | $2B |
| Personal remittances received | $296.1M | $24.3B |
| Industry including construction value added, % of GDP | 24.3% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 24.5% | 21.2% |
| Charges for the use of intellectual property, payments BoP | $2.9M | $252.8M |
| Charges for the use of intellectual property, receipts BoP | $122k | $7.8M |
| Expense, % of GDP | 0% | N/A |
| Government Expenditure, % of GDP | 31.8% | 11.2% |
