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Economy of Mozambique vs Papua New Guinea compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $31.8B for Papua New Guinea, ranking 123/197 and 110/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $16.6B (52.1% of GDP) in Papua New Guinea.

Mozambique vs Papua New Guinea GDP by year

Mozambique
Papua New Guinea
1x
Year GDP, current $
Mozambique Papua New Guinea
2024 $22,745,341,305 $31,800,428,266
2023 $20,921,079,533 $30,816,367,067
2022 $18,883,528,581 $31,653,185,953
2021 $16,168,055,475 $26,109,413,521
2020 $14,235,420,174 $23,848,447,850
2019 $15,512,759,047 $24,750,626,030
2018 $15,017,358,953 $24,109,780,708
2017 $13,264,640,646 $22,742,699,138
2016 $12,069,051,237 $20,758,876,953
2015 $16,208,985,770 $21,723,437,010
2014 $17,978,246,586 $23,210,823,987
2013 $17,198,073,057 $21,261,338,065
2012 $16,688,114,144 $21,295,168,666
2011 $14,619,279,989 $17,985,138,066
2010 $11,411,894,724 $14,250,786,675
2009 $12,263,894,790 $11,619,456,449
2008 $12,920,340,965 $11,670,892,801
2007 $10,811,456,006 $9,545,028,944
2006 $9,509,835,537 $8,354,911,041
2005 $8,868,504,900 $4,865,892,972
2004 $7,937,255,565 $3,927,157,867
2003 $6,583,526,861 $3,536,411,824
2002 $5,950,769,427 $2,999,511,040
2001 $5,650,154,067 $3,081,024,212
2000 $5,930,685,215 $3,521,339,699
1999 $6,285,219,691 $3,477,038,204
1998 $5,551,118,149 $3,789,443,015
1997 $4,873,663,775 $4,936,615,299
1996 $4,030,146,135 $5,155,311,077
1995 $3,061,646,174 $4,636,057,476
1994 $2,958,108,170 $5,502,786,070
1993 $2,883,161,897 $4,974,550,286
1992 $2,798,696,511 $4,377,980,510
1991 $3,854,856,435 $3,787,394,958
1990 - $3,219,729,083
1989 - $3,546,472,566
1988 - $3,656,177,881
1987 - $3,143,851,794
1986 - $2,647,995,602
1985 - $2,423,339,172
1984 - $2,552,662,617
1983 - $2,562,351,551
1982 - $2,368,719,683
1981 - $2,498,190,847
1980 - $2,545,808,456
1979 - $2,293,760,511
1978 - $1,947,878,831
1977 - $1,640,746,619
1976 - $1,511,843,235
1975 - $1,356,603,608
1974 - $1,467,417,672
1973 - $1,299,079,410
1972 - $858,761,926
1971 - $717,750,278
1970 - $645,568,215
1969 - $551,263,864
1968 - $485,184,190
1967 - $441,728,183
1966 - $390,992,063
1965 - $344,176,055
1964 - $305,312,049
1963 - $275,968,044
1962 - $261,184,042
1961 - $244,832,039
1960 - $230,496,037

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

GeoRank.org/economy/mozambique/papua-new-guinea | CC BY

GDP per capita in Mozambique vs Papua New Guinea by year

Mozambique
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $3,007 $4,875
2023 $622 $1,678 $2,966 $4,668
2022 $578 $1,582 $3,102 $4,420
2021 $510 $1,457 $2,608 $3,977
2020 $462 $1,412 $2,430 $3,900
2019 $519 $1,389 $2,576 $4,060
2018 $518 $1,326 $2,566 $3,910
2017 $471 $1,283 $2,478 $3,923
2016 $441 $1,379 $2,316 $3,813
2015 $611 $1,318 $2,485 $3,670
2014 $697 $1,166 $2,723 $3,500
2013 $687 $1,114 $2,561 $3,110
2012 $686 $1,076 $2,635 $3,026
2011 $618 $1,064 $2,288 $2,919
2010 $496 $1,000 $1,867 $2,912
2009 $548 $951 $1,569 $2,692
2008 $592 $916 $1,625 $2,583
2007 $508 $862 $1,371 $2,622
2006 $457 $798 $1,238 $2,444
2005 $437 $721 $744 $2,322
2004 $400 $673 $621 $2,187
2003 $339 $620 $577 $2,142
2002 $314 $580 $506 $2,125
2001 $305 $533 $538 $2,168
2000 $327 $472 $636 $2,196
1999 $354 $468 $650 $2,280
1998 $320 $422 $733 $2,285
1997 $287.5 $387 $990 $2,432
1996 $244.4 $350 $1,071 $2,578
1995 $191.8 $321 $998 $2,436
1994 $196.8 $326 $1,228 $2,558
1993 $205.2 $321 $1,151 $2,451
1992 $205.6 $292 $1,051 $2,100
1991 $288.7 $315 $942 $1,869
1990 - $296 $826 $1,703
1989 - - $934 -
1988 - - $985 -
1987 - - $865 -
1986 - - $745 -
1985 - - $697 -
1984 - - $750 -
1983 - - $769 -
1982 - - $726 -
1981 - - $781 -
1980 - - $813 -
1979 - - $748 -
1978 - - $648 -
1977 - - $558 -
1976 - - $525 -
1975 - - $482 -
1974 - - $533 -
1973 - - $483 -
1972 - - $327 -
1971 - - $279.7 -
1970 - - $257.6 -
1969 - - $225.3 -
1968 - - $202.9 -
1967 - - $189 -
1966 - - $171.1 -
1965 - - $153.9 -
1964 - - $139.5 -
1963 - - $128.9 -
1962 - - $124.7 -
1961 - - $119.7 -
1960 - - $115.5 -

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

GeoRank.org/economy/mozambique/papua-new-guinea | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $3,007 in Papua New Guinea, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Mozambique Papua New Guinea
Gross domestic product
$22.7B
2024
$31.8B
2024
GDP rank
123/197
2024
110/197
2024
GDP growth
2.15%
2023-2024
3.8%
2023-2024
GDP per capita
$657
2024
$3,007
2024
GDP per capita rank
189/197
2024
140/197
2024
GDP per capita, PPP
$1,705
2024
$4,875
2024
GDP per capita PPP rank
192/197
2024
159/197
2024
Government debt
$21.2B
2024
$16.6B
2024
Debt-to-GDP ratio
93.2%
2024
52.1%
2024
Government debt per person
$612
2024
$1,566
2024
Government debt per person rank
159/185
2024
129/185
2024
Average annual personal income after taxes
$1,778
2026
$2,362
2026
Market capitalization of domestic companies n/a
$1.68B
2017
Income share by richest 10%
40.8%
2022
31%
2009
Income share by poorest 10%
1.7%
2022
1.9%
2009
Government expenditure, % of GDP
33.2%
2024
20.4%
2024
Consumer prices inflation
3.2%
2023-2024
0.6%
2023-2024
Central bank interest rate
9.75%
2025
5%
2025
Unemployment rate
6.79%
2022
2.69%
2022
Population
36941128
11002753

Spending and national debt comparison by year

Mozambique
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Mozambique Papua New Guinea
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 20.4% 52.1%
2023 33.3% 90.9% 22.3% 53.9%
2022 32.9% 100.3% 21.9% 48.2%
2021 32.1% 104.3% 22% 52.6%
2020 33.9% 120% 23.5% 48.7%
2019 28% 98.3% 21.3% 38.2%
2018 32.9% 105.5% 20.3% 36.7%
2017 29.5% 103.8% 18.4% 32.5%
2016 29.1% 124.8% 20.9% 33.7%
2015 32.2% 86% 22.8% 29.9%
2014 39.7% 63.4% 27.1% 26.9%
2013 31.7% 49.5% 27.6% 24.9%
2012 28.1% 36.7% 22.4% 19.1%
2011 28.9% 34.2% 19.7% 16.3%
2010 26.7% 38.6% 18.4% 17.3%
2009 25.7% 39.3% 24.7% 21.7%
2008 21.3% 32.8% 19.8% 21.6%
2007 20.9% 31.2% 18% 22.2%
2006 20.1% 40% 19.4% 26%
2005 17% 60.1% 20.6% 31.6%
2004 17.8% 50.8% 19.4% 37.2%
2003 18.6% 63.2% 18.7% 40.4%
2002 18.6% 63.4% 20.8% 48.4%
2001 20.8% 99.8% 21.6% 47.7%
2000 17.2% 95.8% 20.5% 42.3%
1999 15.6% 94.7% 21.4% 41.8%
1998 14.9% - 20% 45.7%
1997 16.5% - 20.6% 43.9%
1996 14.9% - 17.6% 37.8%
1995 18.8% - 17.1% 36.6%
1994 22.9% - 19.3% 40.1%
1993 20.7% - 23.5% 30%
1992 21.1% - 22.8% 30.4%
1991 17.3% - 22.4% -
1990 21% - 24.5% -
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 (1980–1993, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/papua-new-guinea | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Papua New Guinea spent $6.48B, or 20.4% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 52.1% in Papua New Guinea, ranking 28/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Mozambique Papua New Guinea
2024 -6.17% -3.23%
2023 -4.26% -4.34%
2022 -5.22% -5.25%
2021 -5.23% -6.84%
2020 -6.19% -8.85%
2019 1.7% -4.98%
2018 -7.39% -2.58%
2017 -2.9% -2.47%
2016 -5.42% -4.75%
2015 -6.55% -4.55%
2014 -9.75% -6.27%
2013 -2.46% -6.87%
2012 -3.45% -1.19%
2011 -4.34% 2.22%
2010 -3.5% 3.06%
2009 -4.35% -5.48%
2008 -1.9% 2.73%
2007 -2.19% 6.9%
2006 -3.03% 5.34%
2005 -2.06% 2.85%
2004 -3.17% 2.03%
2003 -2.64% 0.19%
2002 -3.36% -1.75%
2001 -4.43% -1.33%
2000 -1.26% 0.3%
1999 -0.31% -1.94%
1998 -1.08% -0.16%
1997 -1.81% 0.67%
1996 -2.07% 2.05%
1995 -2.46% 1.08%
1994 -4% -1.01%
1993 -2.53% -4.9%
1992 -1.85% -4.33%
1991 -2.01% -0.62%
1990 -4.42% -2.04%
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/papua-new-guinea | 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 Papua New Guinea's deficit of $1.03B, or 3.23% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Papua New Guinea ran a deficit in 22 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 1.6% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Mozambique

Papua New Guinea
1x
Year Consumer prices inflation
Mozambique Papua New Guinea
2024 3.2% 0.6%
2023 7% 2.3%
2022 10.4% 5.25%
2021 6.6% 4.48%
2020 0.9% 4.87%
2019 5.7% 3.93%
2018 3.2% 4.37%
2017 15.8% 5.42%
2016 18.4% 6.67%
2015 3.6% 6%
2014 2.6% 5.22%
2013 4.3% 4.96%
2012 2.6% 4.54%
2011 11.2% 4.44%
2010 12.4% 6.01%
2009 3.8% 6.92%
2008 14.5% 10.8%
2007 10.4% 0.91%
2006 13.2% 2.37%
2005 6.4% 1.78%
2004 12.6% 2.16%
2003 13.5% 14.7%
2002 16.8% 11.8%
2001 9.1% 9.3%
2000 12.7% 15.6%
1999 2.9% 14.9%
1998 1.5% 13.6%
1997 7.4% 3.96%

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/papua-new-guinea | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 6.35% in Papua New Guinea. In 2024, inflation was 3.2% in Mozambique and 0.6% in Papua New Guinea.

Top exports between countries

Mozambique
Export category Export value
Papua New Guinea
Export category Export value
Metals $43K

Balance of trade

Mozambique Papua New Guinea
Current account balance
-$2.49B
2024
$4.77B
2024
Current account balance ranking
150/190
2024
33/190
2024
Current account balance, % of GDP
-11%
2024
+15%
2024
Goods imports
$8.38B
2024
$4.69B
2024
Goods exports
$8.21B
2024
$13.4B
2024
Service imports
$2.11B
2024
$2.4B
2024
Service exports
$1.15B
2024
$75.2M
2024
Imports of goods and services, % of GDP
52.8%
2024
58.9%
2004
Exports of goods and services, % of GDP
42.8%
2024
72.2%
2004

Economic freedom indices

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

Mozambique Papua New Guinea
Economic freedom 49.6 54.3
Economic freedom ranking 164/197 134/197
Property rights 29.7 45
Government integrity 25.1 30.8
Judicial effectiveness 43.4 41.1
Tax burden 75.8 70.9
Government spending 67 86.1
Fiscal health 39.1 65.3
Business freedom 40.2 34.2
Labor freedom 47.7 65.1
Monetary freedom 76.2 77.4
Trade freedom 71.2 80.2
Investment freedom 40 25
Financial freedom 40 30

Economic freedom comparison by year

Mozambique
Papua New Guinea
1x
Year Economic freedom index
Mozambique Papua New Guinea
2026 49.6 54.3
2025 50.7 52.5
2024 50.7 49.4
2023 52.5 51.7
2022 51.3 54.6
2021 51.6 58.9
2020 50.5 58.4
2019 48.6 58.4
2018 46.3 55.7
2017 49.9 50.9
2016 53.2 53.2
2015 54.8 53.1
2014 55 53.9
2013 55 53.6
2012 57.1 53.8
2011 56.8 52.6
2010 56 53.5
2009 55.7 54.8
2008 55.4 -
2007 54.7 -
2006 51.9 -
2005 54.6 -
2004 57.2 -
2003 58.6 -
2002 57.7 -
2001 59.2 57.2
2000 52.2 55.8
1999 48.9 56.3
1998 43 55.2
1997 44 56.7
1996 48.4 58.6
1995 45.5 -

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

GeoRank.org/economy/mozambique/papua-new-guinea | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Papua New Guinea
Services, % of GDP
41.1%
2024
41.5%
2024
Industry, % of GDP
21.9%
2024
37.2%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
17.2%
2024
GNI, Atlas method
$19.1B
2024
$30.7B
2024
GNI per capita, PPP
$1,520
2024
$4,580
2024
Total reserves including gold
$3.84B
2024
$3.9B
2023
Total reserves ranking
108/177
2024
107/177
2023
Net foreign direct investment
-$3.55B
2024
$968M
2024
Net inflows of foreign direct investment
$3.51B
2024
-$198M
2024
Net outflows of foreign direct investment
-$44.1M
2024
$770M
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
19.7%
2024
Poverty at national poverty lines
65%
2022
39.9%
2009
Gross capital formation, % of GDP
17.7%
2024
20%
2004

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/papua-new-guinea | 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 (1980–1993, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

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.