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Economy of Mozambique vs Peru compared: GDP & Debt

Updated on by Georank

Mozambique has a GDP of $22.3B compared to $335B for Peru, ranking 127/197 and 47/197 by economy size, respectively.

Mozambique has $22.9B in government debt (102.5% of GDP), compared to $101B (30.2% of GDP) in Peru.

Mozambique vs Peru GDP by year

Mozambique
Peru
1x
Year GDP, current $
Mozambique Peru
2025 $22,337,997,046 $334,854,659,182
2024 $22,752,244,245 $291,751,523,019
2023 $20,927,498,317 $268,025,009,709
2022 $18,884,232,599 $246,169,867,863
2021 $16,168,055,475 $226,406,075,009
2020 $14,235,420,174 $201,409,694,756
2019 $15,512,759,047 $228,346,006,004
2018 $15,017,358,953 $222,597,009,739
2017 $13,264,640,646 $211,007,984,081
2016 $12,069,051,237 $191,898,104,390
2015 $16,208,985,770 $189,802,976,286
2014 $17,978,246,586 $200,786,250,583
2013 $17,198,073,057 $201,175,543,571
2012 $16,688,114,144 $192,650,021,649
2011 $14,619,279,989 $171,761,737,047
2010 $11,411,894,724 $147,527,631,521
2009 $12,263,894,790 $120,822,986,521
2008 $12,920,340,965 $120,550,599,815
2007 $10,811,456,006 $102,170,981,144
2006 $9,509,835,537 $88,643,193,062
2005 $8,868,504,900 $76,060,606,061
2004 $7,937,255,565 $66,768,703,498
2003 $6,583,526,861 $58,731,030,122
2002 $5,950,769,427 $54,777,553,515
2001 $5,650,154,067 $52,030,158,775
2000 $5,930,685,215 $51,744,749,133
1999 $6,285,219,691 $50,187,324,568
1998 $5,551,118,149 $55,501,467,877
1997 $4,873,663,775 $58,147,522,523
1996 $4,030,146,135 $55,252,414,130
1995 $3,061,646,174 $53,312,793,687
1994 $2,958,108,170 $44,882,079,767
1993 $2,883,161,897 $34,832,077,221
1992 $2,798,696,511 $35,966,302,303
1991 $3,854,856,435 $34,341,465,998
1990 - $26,410,386,963
1989 - $22,499,558,526
1988 - $15,439,408,447
1987 - $36,889,706,593
1986 - $21,859,448,586
1985 - $15,078,736,875
1984 - $17,600,400,385
1983 - $17,345,260,564
1982 - $21,794,535,621
1981 - $21,648,214,893
1980 - $18,136,838,538
1979 - $15,954,012,439
1978 - $12,491,876,743
1977 - $14,544,913,961
1976 - $16,131,958,851
1975 - $16,931,162,355
1974 - $13,858,441,211
1973 - $10,994,381,895
1972 - $9,189,413,409
1971 - $8,289,582,884
1970 - $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Mozambique vs Peru by year

Mozambique
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $627 - $9,684 -
2024 $657 $1,705 $8,526 $17,802
2023 $622 $1,678 $7,919 $17,011
2022 $578 $1,582 $7,354 $16,669
2021 $510 $1,457 $6,829 $15,281
2020 $462 $1,412 $6,133 $12,563
2019 $519 $1,389 $7,037 $13,564
2018 $518 $1,326 $6,978 $13,078
2017 $471 $1,283 $6,736 $12,592
2016 $441 $1,379 $6,217 $12,067
2015 $611 $1,318 $6,232 $11,600
2014 $697 $1,166 $6,667 $11,518
2013 $687 $1,114 $6,747 $11,291
2012 $686 $1,076 $6,519 $10,757
2011 $618 $1,064 $5,861 $10,463
2010 $496 $1,000 $5,072 $9,713
2009 $548 $951 $4,181 $8,917
2008 $592 $916 $4,198 $8,820
2007 $508 $862 $3,581 $7,982
2006 $457 $798 $3,130 $7,214
2005 $437 $721 $2,707 $6,560
2004 $400 $673 $2,397 $6,038
2003 $339 $620 $2,129 $5,657
2002 $314 $580 $2,007 $5,383
2001 $305 $533 $1,930 $5,086
2000 $327 $472 $1,945 $5,012
1999 $354 $468 $1,917 $4,847
1998 $320 $422 $2,156 $4,791
1997 $287.5 $387 $2,301 $4,844
1996 $244.4 $350 $2,227 $4,556
1995 $191.8 $321 $2,190 $4,435
1994 $196.8 $326 $1,879 $4,123
1993 $205.2 $321 $1,488 $3,666
1992 $205.6 $292 $1,567 $3,472
1991 $288.7 $315 $1,527 $3,484
1990 - $296 $1,200 $3,367
1989 - - $1,045 -
1988 - - $733 -
1987 - - $1,792 -
1986 - - $1,087 -
1985 - - $767 -
1984 - - $918 -
1983 - - $927 -
1982 - - $1,194 -
1981 - - $1,216 -
1980 - - $1,045 -
1979 - - $942 -
1978 - - $756 -
1977 - - $903 -
1976 - - $1,026 -
1975 - - $1,104 -
1974 - - $927 -
1973 - - $754 -
1972 - - $647 -
1971 - - $599 -
1970 - - $550 -
1969 - - $488 -
1968 - - $448 -
1967 - - $498 -
1966 - - $505 -
1965 - - $439 -
1964 - - $381 -
1963 - - $324 -
1962 - - $305 -
1961 - - $276.6 -
1960 - - $252.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Mozambique's GDP per capita is $627, ranking 193/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Peru ranks 104th at $17,802.

Economic indicators

Mozambique Peru
Gross domestic product
$22.3B
2025
$335B
2025
GDP rank
127/197
2025
47/197
2025
GDP growth
-0.52%
2024-2025
3.43%
2024-2025
GDP per capita
$627
2025
$9,684
2025
GDP per capita rank
193/197
2025
90/197
2025
GDP per capita, PPP
$1,705
2024
$17,802
2024
GDP per capita PPP rank
192/197
2024
104/197
2024
Government debt
$22.9B
2025
$101B
2025
Debt-to-GDP ratio
102.5%
2025
30.2%
2025
Government debt per person
$643
2025
$2,927
2025
Government debt per person rank
158/185
2025
107/185
2025
Average annual personal income after taxes
$1,324
2026
$7,143
2026
Market capitalization of domestic companies n/a
$105B
2025
Income share by richest 10%
40.8%
2022
30.3%
2024
Income share by poorest 10%
1.7%
2022
2%
2024
Government expenditure, % of GDP
30.3%
2025
21.4%
2025
Consumer prices inflation
4.4%
2024-2025
1.53%
2024-2025
Central bank interest rate
9.25%
2026
4.25%
2025
Unemployment rate
6.79%
2022
4.32%
2025
Population
37173146
35105331

Spending and national debt comparison by year

Mozambique
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Mozambique Peru
Government spending Government debt Government spending Government debt
2025 30.3% 102.5% 21.4% 30.2%
2024 33.3% 91.4% 22.2% 32.1%
2023 33.3% 90.8% 22.1% 32.4%
2022 32.9% 100.4% 23.1% 33.5%
2021 32.1% 104.3% 23.1% 35.5%
2020 33.9% 120% 25.7% 34.3%
2019 28% 98.3% 20.8% 26.5%
2018 31.2% 105.5% 21% 25.7%
2017 28.6% 103.8% 20.6% 24.8%
2016 28.7% 124.8% 20.5% 23.9%
2015 32.2% 86% 22% 23.7%
2014 39.7% 63.4% 22.4% 20.5%
2013 31.7% 49.5% 21.5% 19.9%
2012 28.1% 36.7% 20.3% 20.7%
2011 28.9% 34.2% 19.8% 23.1%
2010 26.6% 38.6% 21% 25.1%
2009 25.7% 39.3% 21.3% 28.2%
2008 21.3% 32.8% 19.9% 28.1%
2007 20.9% 31.2% 18.6% 31.9%
2006 20.1% 40% 19.2% 34.9%
2005 17% 60.1% 20.4% 40.4%
2004 17.8% 50.8% 19.6% 46.7%
2003 18.6% 63.2% 20.1% 49.4%
2002 18.6% 63.4% 19.6% 45.5%
2001 20.8% 99.8% 20.9% 43.8%
2000 17.2% 95.8% 21.7% 44.9%
1999 15.6% 94.7% 17.8% 41.1%
1998 14.9% - 16.3% 36.8%
1997 16.5% - 15.6% 34.5%
1996 14.9% - 16.5% 37.4%
1995 18.8% - 17.5% 36.8%
1994 22.9% - 16.9% 41.9%
1993 20.7% - 18.2% 49.9%
1992 21.1% - 19.1% 46.8%
1991 17.3% - 15.7% 48.3%
1990 21% - 20.4% 56.3%
1989 27% - 12.1% 34.9%
1988 27% - 12.8% 42.8%
1987 22.9% - 15.5% 39.1%
1986 24.2% - 16.6% 48.6%
1985 21% - 17.2% 63.4%
1984 30.9% - 18.3% 56.7%
1983 35.3% - 19.4% 56.2%
1982 27% - 17.6% 34.2%
1981 23.8% - 18.4% 30.6%
1980 14.2% - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Mozambique's government spending was $6.76B, accounting for 30.3% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 102.5% in Mozambique and 30.2% in Peru, ranking 21/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Peru
1x
Year Deficit/surplus, % of GDP
Mozambique Peru
2025 -3.97% -2.36%
2024 -6.23% -3.53%
2023 -4.26% -2.74%
2022 -5.22% -1.38%
2021 -5.23% -2.49%
2020 -6.19% -8.19%
2019 1.7% -1.37%
2018 -5.7% -1.94%
2017 -1.99% -2.79%
2016 -5.06% -2.12%
2015 -6.55% -2.02%
2014 -9.75% -0.19%
2013 -2.46% 0.75%
2012 -3.45% 2.07%
2011 -4.34% 2.05%
2010 -3.4% -0.02%
2009 -4.35% -1.48%
2008 -1.9% 2.48%
2007 -2.19% 3.35%
2006 -3.03% 2.03%
2005 -2.06% -0.44%
2004 -3.17% -1.03%
2003 -2.64% -1.62%
2002 -3.36% -1.4%
2001 -4.43% -2.15%
2000 -1.26% -2.12%
1999 -0.31% -2.93%
1998 -1.08% -0.2%
1997 -1.81% 0.47%
1996 -2.07% -0.25%
1995 -2.46% -2.05%
1994 -4% -1.9%
1993 -2.53% -2.82%
1992 -1.85% -3.55%
1991 -2.01% -1.98%
1990 -4.42% -7.99%
1989 -4.23% -1.3%
1988 -6.47% -3.57%
1987 -7.24% -6.26%
1986 -12.1% -4.08%
1985 -9.69% -2.41%
1984 -13.4% -4.45%
1983 -15.8% -7.52%
1982 -3.61% -3.22%
1981 -7.41% -3.98%
1980 -1.47% -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Mozambique's government deficit, the difference between spending and revenue, was $886M, equivalent to 3.97% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 35 years, Mozambique recorded a fiscal deficit in 34 of those years, while Peru ran a deficit in 28 years. On average, Mozambique posted an annual deficit equal to 3.39% of GDP, compared to deficit of 1.25% of GDP for Peru.

Inflation comparison by year

Inflation
Mozambique

Peru
1x
Year Consumer prices inflation
Mozambique Peru
2025 4.4% 1.53%
2024 3.2% 2.01%
2023 7% 6.46%
2022 10.4% 8.33%
2021 6.6% 4.27%
2020 0.9% 2%
2019 5.7% 2.25%
2018 3.2% 1.51%
2017 15.8% 2.99%
2016 18.4% 3.56%
2015 3.6% 3.4%
2014 2.6% 3.41%
2013 4.3% 2.77%
2012 2.6% 3.61%
2011 11.2% 3.37%
2010 12.4% 1.53%
2009 3.8% 2.94%
2008 14.5% 5.79%
2007 10.4% 1.78%
2006 13.2% 2%
2005 6.4% 1.62%
2004 12.6% 3.66%
2003 13.5% 2.26%
2002 16.8% 0.19%
2001 9.1% 1.98%
2000 12.7% 3.76%
1999 2.9% 3.47%
1998 1.5% 7.25%
1997 7.4% 8.56%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Mozambique has recorded an average annual inflation rate of 8.18%, compared with 3.39% in Peru. In 2025, inflation was 4.4% in Mozambique and 1.53% in Peru.

Top exports between countries

Mozambique
Export category Export value
Peru
Export category Export value
Machinery & equipment $4.27M
Weapons & explosives $3.69M
Raw materials & minerals $155K
Animal & marine products $150K

Balance of trade

Mozambique Peru
Current account balance
-$2.49B
2024
$12B
2025
Current account balance ranking
148/190
2024
23/190
2025
Current account balance, % of GDP
-11%
2024
+3.58%
2025
Goods imports
$8.38B
2024
$58.6B
2025
Goods exports
$8.21B
2024
$94B
2025
Service imports
$2.11B
2024
$15.9B
2025
Service exports
$1.15B
2024
$7.64B
2025
Imports of goods and services, % of GDP
55.7%
2025
21.8%
2025
Exports of goods and services, % of GDP
41.4%
2025
30%
2025

Economic freedom indices

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

Mozambique Peru
Economic freedom 49.6 66.3
Economic freedom ranking 164/197 62/197
Property rights 29.7 44
Government integrity 25.1 35
Judicial effectiveness 43.4 47.8
Tax burden 75.8 79.4
Government spending 67 84.8
Fiscal health 39.1 87.4
Business freedom 40.2 73.1
Labor freedom 47.7 64.7
Monetary freedom 76.2 77.6
Trade freedom 71.2 81.6
Investment freedom 40 60
Financial freedom 40 60

Economic freedom comparison by year

Mozambique
Peru
1x
Year Economic freedom index
Mozambique Peru
2026 49.6 66.3
2025 50.7 65.9
2024 50.7 64.8
2023 52.5 66.5
2022 51.3 66.5
2021 51.6 67.7
2020 50.5 67.9
2019 48.6 67.8
2018 46.3 68.7
2017 49.9 68.9
2016 53.2 67.4
2015 54.8 67.7
2014 55 67.4
2013 55 68.2
2012 57.1 68.7
2011 56.8 68.6
2010 56 67.6
2009 55.7 64.6
2008 55.4 63.8
2007 54.7 62.7
2006 51.9 60.5
2005 54.6 61.3
2004 57.2 64.7
2003 58.6 64.6
2002 57.7 64.8
2001 59.2 69.6
2000 52.2 68.7
1999 48.9 69.2
1998 43 65
1997 44 63.8
1996 48.4 62.5
1995 45.5 56.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Peru
Services, % of GDP
42%
2025
50.9%
2024
Industry, % of GDP
22.1%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
25.6%
2025
7.47%
2024
GNI, Atlas method
$20.4B
2025
$291B
2025
GNI per capita, PPP
$1,540
2025
$17,540
2025
Total reserves including gold
$3.84B
2024
$90.4B
2025
Total reserves ranking
112/177
2024
32/177
2025
Net foreign direct investment
-$3.55B
2024
-$8.93B
2025
Net inflows of foreign direct investment
$3.51B
2024
$6.7B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
5.54%
2024
Poverty at national poverty lines
65%
2022
27.6%
2024
Gross capital formation, % of GDP
24.2%
2025
20.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.