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Economy of Mozambique vs North Korea compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $34.9B for North Korea, ranking 123/197 and 106/197 by economy size, respectively.

Mozambique vs North Korea GDP by year

Mozambique
North Korea
1x
Year GDP, current $
Mozambique North Korea
2024 $22,745,341,305 $34,943,120,000
2023 $20,921,079,533 $32,155,360,000
2022 $18,883,528,581 $28,971,360,000
2021 $16,168,055,475 $32,301,720,000
2020 $14,235,420,174 $27,728,240,000
2019 $15,512,759,047 $28,222,880,000
2018 $15,017,358,953 $28,536,400,000
2017 $13,264,640,646 $29,105,440,000
2016 $12,069,051,237 $28,882,640,000
2015 $16,208,985,770 $30,723,030,000
2014 $17,978,246,586 $30,554,460,000
2013 $17,198,073,057 $30,588,922,000
2012 $16,688,114,144 $29,890,710,000
2011 $14,619,279,989 $29,005,020,000
2010 $11,411,894,724 $25,995,513,000
2009 $12,263,894,790 $23,356,470,000
2008 $12,920,340,965 -
2007 $10,811,456,006 -
2006 $9,509,835,537 -
2005 $8,868,504,900 -
2004 $7,937,255,565 -
2003 $6,583,526,861 -
2002 $5,950,769,427 -
2001 $5,650,154,067 -
2000 $5,930,685,215 -
1999 $6,285,219,691 -
1998 $5,551,118,149 -
1997 $4,873,663,775 -
1996 $4,030,146,135 -
1995 $3,061,646,174 -
1994 $2,958,108,170 -
1993 $2,883,161,897 -
1992 $2,798,696,511 -
1991 $3,854,856,435 -

Data sources: World Bank | Economy & Growth (1991–2024, retrieved 2026-04-06).

GeoRank.org/economy/mozambique/north-korea | CC BY

GDP per capita in Mozambique vs North Korea by year

Mozambique
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $1,319 -
2023 $622 $1,678 $1,217 -
2022 $578 $1,582 $1,100 -
2021 $510 $1,457 $1,231 -
2020 $462 $1,412 $1,061 -
2019 $519 $1,389 $1,084 -
2018 $518 $1,326 $1,100 -
2017 $471 $1,283 $1,127 -
2016 $441 $1,379 $1,124 -
2015 $611 $1,318 $1,201 $1,700
2014 $697 $1,166 $1,201 $1,800
2013 $687 $1,114 $1,208 -
2012 $686 $1,076 $1,186 -
2011 $618 $1,064 $1,156 $1,800
2010 $496 $1,000 $1,040 -
2009 $548 $951 $939 $1,800
2008 $592 $916 - $1,800
2007 $508 $862 - $1,700
2006 $457 $798 - $1,800
2005 $437 $721 - $1,700
2004 $400 $673 - $1,700
2003 $339 $620 - $1,300
2002 $314 $580 - $1,000
2001 $305 $533 - -
2000 $327 $472 - $1,000
1999 $354 $468 - $1,000
1998 $320 $422 - -
1997 $287.5 $387 - -
1996 $244.4 $350 - -
1995 $191.8 $321 - -
1994 $196.8 $326 - -
1993 $205.2 $321 - -
1992 $205.6 $292 - -
1991 $288.7 $315 - -
1990 - $296 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/north-korea | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while North Korea ranks 193rd at $1,700.

Economic indicators

Mozambique North Korea
Gross domestic product
$22.7B
2024
$34.9B
2024
GDP rank
123/197
2024
106/197
2024
GDP growth
2.15%
2023-2024
n/a
GDP per capita
$657
2024
$1,319
2024
GDP per capita rank
189/197
2024
168/197
2024
GDP per capita, PPP
$1,705
2024
$1,700
2015
GDP per capita PPP rank
192/197
2024
193/197
2015
Government debt
$21.2B
2024
n/a
Debt-to-GDP ratio
93.2%
2024
n/a
Government debt per person
$612
2024
n/a
Government debt per person rank
159/185
2024
n/a
Average annual personal income after taxes
$1,778
2026
$1,426
2026
Income share by richest 10%
40.8%
2022
n/a
Income share by poorest 10%
1.7%
2022
n/a
Government expenditure, % of GDP
33.2%
2024
n/a
Consumer prices inflation
3.2%
2023-2024
n/a
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
6.79%
2022
25.6%
2013
Population
36941128
26659144

Top exports between countries

Mozambique
Export category Export value
Metals $350K
Animal & marine products $50K
Machinery & equipment $29K
Textiles & consumer goods $11K
Chemicals & pharma $1K
Wood & paper products $1K
North Korea
Export category Export value
Chemicals & pharma $599K
Machinery & equipment $186K
Textiles & consumer goods $48K
Metals $6K
Wood & paper products $4K
Raw materials & minerals $3K

Balance of trade

Mozambique North Korea
Current account balance
-$2.49B
2024
n/a
Current account balance ranking
150/190
2024
n/a
Current account balance, % of GDP
-11%
2024
n/a
Goods imports
$8.38B
2024
n/a
Goods exports
$8.21B
2024
n/a
Service imports
$2.11B
2024
n/a
Service exports
$1.15B
2024
n/a
Imports of goods and services, % of GDP
52.8%
2024
n/a
Exports of goods and services, % of GDP
42.8%
2024
n/a

Economic freedom indices

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

Mozambique North Korea
Economic freedom 49.6 3.1
Economic freedom ranking 164/197 197/197
Property rights 29.7 16.3
Government integrity 25.1 4.3
Judicial effectiveness 43.4 6.3
Tax burden 75.8 0
Government spending 67 0
Fiscal health 39.1 0
Business freedom 40.2 5
Labor freedom 47.7 5
Monetary freedom 76.2 0
Trade freedom 71.2 0
Investment freedom 40 0
Financial freedom 40 0

Economic freedom comparison by year

Mozambique
North Korea
1x
Year Economic freedom index
Mozambique North Korea
2026 49.6 3.1
2025 50.7 3
2024 50.7 2.9
2023 52.5 2.9
2022 51.3 3
2021 51.6 5.2
2020 50.5 4.2
2019 48.6 5.9
2018 46.3 5.8
2017 49.9 4.9
2016 53.2 2.3
2015 54.8 1.3
2014 55 1
2013 55 1.5
2012 57.1 1
2011 56.8 1
2010 56 1
2009 55.7 2
2008 55.4 3
2007 54.7 3
2006 51.9 4
2005 54.6 8
2004 57.2 8.9
2003 58.6 8.9
2002 57.7 8.9
2001 59.2 8.9
2000 52.2 8.9
1999 48.9 8.9
1998 43 8.9
1997 44 8.9
1996 48.4 8.9
1995 45.5 8.9

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

GeoRank.org/economy/mozambique/north-korea | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique North Korea
Services, % of GDP
41.1%
2024
n/a
Industry, % of GDP
21.9%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
n/a
GNI, Atlas method
$19.1B
2024
n/a
GNI per capita, PPP
$1,520
2024
n/a
Total reserves including gold
$3.84B
2024
n/a
Total reserves ranking
108/177
2024
n/a
Net foreign direct investment
-$3.55B
2024
n/a
Net inflows of foreign direct investment
$3.51B
2024
$203K
1989
Net outflows of foreign direct investment
-$44.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
n/a
Gross capital formation, % of GDP
17.7%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.