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Economy of Mozambique vs Peru compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $289B for Peru, ranking 123/197 and 49/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $93B (32.2% of GDP) in Peru.

Mozambique vs Peru GDP by year

Mozambique
Peru
1x
Year GDP, current $
Mozambique Peru
2024 $22,745,341,305 $289,221,969,063
2023 $20,921,079,533 $266,958,720,838
2022 $18,883,528,581 $246,065,570,308
2021 $16,168,055,475 $226,328,766,460
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 (1960–2024, retrieved 2026-04-06).

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
2024 $657 $1,705 $8,452 $17,802
2023 $622 $1,678 $7,888 $17,011
2022 $578 $1,582 $7,351 $16,669
2021 $510 $1,457 $6,826 $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 (1960–2024, retrieved 2026-04-06).

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

Mozambique's GDP per capita is $657, ranking 189/197, compared to $8,452 in Peru, ranking 91/197. 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
$22.7B
2024
$289B
2024
GDP rank
123/197
2024
49/197
2024
GDP growth
2.15%
2023-2024
3.3%
2023-2024
GDP per capita
$657
2024
$8,452
2024
GDP per capita rank
189/197
2024
91/197
2024
GDP per capita, PPP
$1,705
2024
$17,802
2024
GDP per capita PPP rank
192/197
2024
104/197
2024
Government debt
$21.2B
2024
$93B
2024
Debt-to-GDP ratio
93.2%
2024
32.2%
2024
Government debt per person
$612
2024
$2,717
2024
Government debt per person rank
159/185
2024
108/185
2024
Average annual personal income after taxes
$1,778
2026
$7,290
2026
Market capitalization of domestic companies n/a
$82.2B
2024
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
33.2%
2024
22.3%
2024
Consumer prices inflation
3.2%
2023-2024
2.01%
2023-2024
Central bank interest rate
9.75%
2025
4.25%
2025
Unemployment rate
6.79%
2022
4.86%
2024
Population
36941128
35031596

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
2024 33.2% 93.2% 22.3% 32.2%
2023 33.3% 90.9% 22.1% 32.4%
2022 32.9% 100.3% 23.1% 33.5%
2021 32.1% 104.3% 23.1% 35.5%
2020 33.9% 120% 25.6% 34.3%
2019 28% 98.3% 20.8% 26.5%
2018 32.9% 105.5% 21% 25.7%
2017 29.5% 103.8% 20.6% 24.8%
2016 29.1% 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 26.7% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 32.2% in Peru, ranking 28/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Peru
1x
Year Deficit/surplus, % of GDP
Mozambique Peru
2024 -6.17% -3.54%
2023 -4.26% -2.78%
2022 -5.22% -1.38%
2021 -5.23% -2.49%
2020 -6.19% -8.16%
2019 1.7% -1.37%
2018 -7.39% -1.94%
2017 -2.9% -2.79%
2016 -5.42% -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 -3.5% -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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/peru | 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 Peru's deficit of $10.2B, or 3.54% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Peru ran a deficit in 27 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 1.22% of GDP for Peru.

Inflation comparison by year

Inflation
Mozambique

Peru
1x
Year Consumer prices inflation
Mozambique Peru
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 (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 3.45% in Peru. In 2024, inflation was 3.2% in Mozambique and 2.01% in Peru.

Top exports between countries

Mozambique
Export category Export value
Peru
Export category Export value
Machinery & equipment $3.95M
Weapons & explosives $3.69M
Animal & marine products $264K
Raw materials & minerals $155K

Balance of trade

Mozambique Peru
Current account balance
-$2.49B
2024
$6.39B
2024
Current account balance ranking
150/190
2024
29/190
2024
Current account balance, % of GDP
-11%
2024
+2.21%
2024
Goods imports
$8.38B
2024
$52.1B
2024
Goods exports
$8.21B
2024
$76.2B
2024
Service imports
$2.11B
2024
$15.1B
2024
Service exports
$1.15B
2024
$7.15B
2024
Imports of goods and services, % of GDP
52.8%
2024
22.9%
2024
Exports of goods and services, % of GDP
42.8%
2024
28.5%
2024

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 2026-03-09).

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
41.1%
2024
51.3%
2024
Industry, % of GDP
21.9%
2024
34%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
7.34%
2024
GNI, Atlas method
$19.1B
2024
$257B
2024
GNI per capita, PPP
$1,520
2024
$16,780
2024
Total reserves including gold
$3.84B
2024
$79.2B
2024
Total reserves ranking
108/177
2024
33/177
2024
Net foreign direct investment
-$3.55B
2024
-$5.63B
2024
Net inflows of foreign direct investment
$3.51B
2024
$6.8B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
5.58%
2024
Poverty at national poverty lines
65%
2022
27.6%
2024
Gross capital formation, % of GDP
17.7%
2024
19.4%
2024

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/peru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.