Mozambique vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Mozambique ranked 124th with $14.7B. By GDP 5-years average growth and GDP per capita, Norway and Mozambique ranked 142nd vs 35th and 5th vs 192nd, respectively.

Gross Domestic Product & Income

Stat	Mozambique	Norway
GDP	$14.7B	$434.2B
GDP growth, 1 year	3.3%	1.4%
GDP growth, 5-years average	5%	1.7%
Population	29.7M	5.4M
GDP per capita	$499	$82k
GDP per capita growth	0.46%	0.58%
Purchasing Power Parity conversion factor	20.62	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.34	1.25
GDP per capita, PPP adjusted	$1.3k	$74k
GNI, Atlas method	$13.6B	$428.4B
GNI per capita	$460	$81k
GNI, PPP adjusted	$42.2B	$363B
GNI per capita, PPP adjusted	$1.4k	$68k

Financial system and Human development

Stat	Mozambique	Norway
Income Tax Rate	32%	47.8%
Corporate Tax Rate	32%	22%
Inflation, consumer prices	3.9%	2.8%
Inflation, GDP deflator	2.1%	5.8%
Unemployment	3.2%	3.9%
Economic Freedom Index	50.5	73.4
Personal Freedom Index	6.46	9.55
Human Freedom Index	6.14	8.61
Property Rights Index	34.9	84.3
Judical Effectiveness Index	31.7	82.8
Business Freedom Index	55.3	86.1
Fiscal Health Index	40.3	97.3
Labor Freedom Index	41.7	57.4
Investment Freedom Index	35	75
Financial Freedom Index	50	60
Trade Freedom Index	78	83.8
Monetary Freedom Index	72	74.8
Government Spending Index	69.6	25.6
Tax Burden Index	74.1	57.7
Government Integrity Index	23.2	95.6
Corruption Perceptions Index	23	84
Life expectancy at birth, years	59.3	82.5
Suicide mortality rate, per 100,000 people	4.9	12.2
Mortality caused by road traffic injury, per 100,000 people	30.1	2.7
Intentional homicides, per 100,000 people	3.4	0.5
International tourism, number of arrivals	2.7M	5.7M

Government debt & reserves

Stat	Mozambique	Norway
Central government debt, % of GDP	100.4%	36.8%
External debt stocks, % of GNI	107.6%	N/A
External debt stocks	$15.2B	N/A
Short-term debt, % of total reserves	37.8%	N/A
Total debt service, % of exports and primary income	13.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-13.5%	16.9%
Gross savings, % of GDP	12.9%	35.9%
Gross capital formation, % of GDP	49%	27.3%
Total reserves including gold	$3.3B	$63.1B
Foreign direct investment net inflows	$2.7B	-$17.4B

Exports, imports and economic structure

Stat	Mozambique	Norway
Exports of goods and services, % of GDP	47.8%	38.4%
Imports of goods and services, % of GDP	84.2%	32.6%
Current account balance (balance of payments)	-$4.5B	$31.4B
Revenue excluding grants, % of GDP	0%	47.4%
Grants excluding technical cooperation, BoP	$1.3B	N/A
Personal remittances received	$296.1M	$644.3M
Industry including construction value added, % of GDP	24.3%	32%
Agriculture, forestry and fishing value added, % of GDP	24.5%	1.9%
Charges for the use of intellectual property, payments BoP	$2.9M	$768.9M
Charges for the use of intellectual property, receipts BoP	$122k	$515.2M
Expense, % of GDP	0%	37.7%
Government Expenditure, % of GDP	31.8%	49.8%