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Economy of Mozambique vs Saudi Arabia compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $1.24T for Saudi Arabia, ranking 123/197 and 18/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $324B (26.2% of GDP) in Saudi Arabia.

Mozambique vs Saudi Arabia GDP by year

Mozambique
Saudi Arabia
1x
Year GDP, current $
Mozambique Saudi Arabia
2024 $22,745,341,305 $1,239,804,533,333
2023 $20,921,079,533 $1,218,584,533,333
2022 $18,883,528,581 $1,239,075,200,000
2021 $16,168,055,475 $982,661,066,667
2020 $14,235,420,174 $767,951,200,000
2019 $15,512,759,047 $888,890,133,333
2018 $15,017,358,953 $886,564,800,000
2017 $13,264,640,646 $741,266,133,333
2016 $12,069,051,237 $689,279,466,667
2015 $16,208,985,770 $693,414,400,000
2014 $17,978,246,586 $787,153,066,667
2013 $17,198,073,057 $769,755,733,333
2012 $16,688,114,144 $751,921,333,333
2011 $14,619,279,989 $680,660,800,000
2010 $11,411,894,724 $528,207,466,667
2009 $12,263,894,790 $429,097,866,667
2008 $12,920,340,965 $519,796,800,000
2007 $10,811,456,006 $415,964,509,673
2006 $9,509,835,537 $376,900,133,511
2005 $8,868,504,900 $328,459,608,764
2004 $7,937,255,565 $258,742,133,333
2003 $6,583,526,861 $215,807,733,333
2002 $5,950,769,427 $189,605,866,667
2001 $5,650,154,067 $184,137,600,000
2000 $5,930,685,215 $189,514,933,333
1999 $6,285,219,691 $161,717,066,667
1998 $5,551,118,149 $146,775,466,667
1997 $4,873,663,775 $165,963,684,913
1996 $4,030,146,135 $158,662,483,311
1995 $3,061,646,174 $143,343,124,166
1994 $2,958,108,170 $135,174,899,866
1993 $2,883,161,897 $132,967,957,276
1992 $2,798,696,511 $137,087,850,467
1991 $3,854,856,435 $132,223,230,975
1990 - $117,630,173,565
1989 - $95,344,459,279
1988 - $88,256,074,766
1987 - $85,695,861,148
1986 - $86,961,922,765
1985 - $103,897,846,494
1984 - $119,624,858,116
1983 - $129,171,635,311
1982 - $153,240,313,858
1981 - $184,291,360,139
1980 - $164,539,660,725
1979 - $111,858,444,786
1978 - $80,266,516,687
1977 - $74,188,986,586
1976 - $64,005,665,722
1975 - $46,773,208,643
1974 - $45,412,957,746
1973 - $14,947,435,499
1972 - $9,664,267,087
1971 - $7,184,806,909
1970 - $5,377,333,333
1969 - $4,485,777,644
1968 - $4,187,777,711
1967 - $3,257,022,223
1966 - $2,920,555,557
1965 - $2,647,955,558
1964 - $2,371,808,713
1963 - $2,207,393,172
1962 - $2,130,606,532
1961 - $1,920,811,284
1960 - $1,748,124,064

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

GeoRank.org/economy/mozambique/saudi-arabia | CC BY

GDP per capita in Mozambique vs Saudi Arabia by year

Mozambique
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $35,122 $71,375
2023 $622 $1,678 $36,157 $71,565
2022 $578 $1,582 $38,510 $71,968
2021 $510 $1,457 $31,921 $62,690
2020 $462 $1,412 $24,339 $47,518
2019 $519 $1,389 $29,567 $59,560
2018 $518 $1,326 $29,360 $59,378
2017 $471 $1,283 $23,929 $53,120
2016 $441 $1,379 $22,268 $49,937
2015 $611 $1,318 $23,256 $53,931
2014 $697 $1,166 $27,805 $62,578
2013 $687 $1,114 $27,865 $62,203
2012 $686 $1,076 $28,733 $65,034
2011 $618 $1,064 $27,127 $64,125
2010 $496 $1,000 $22,028 $58,829
2009 $548 $951 $17,718 $54,787
2008 $592 $916 $22,320 $57,236
2007 $508 $862 $18,596 $55,030
2006 $457 $798 $17,564 $54,639
2005 $437 $721 $15,976 $53,548
2004 $400 $673 $13,154 $51,225
2003 $339 $620 $11,487 $48,078
2002 $314 $580 $10,586 $45,466
2001 $305 $533 $10,805 $47,381
2000 $327 $472 $11,715 $48,644
1999 $354 $468 $10,452 $47,495
1998 $320 $422 $9,836 $48,867
1997 $287.5 $387 $11,545 $48,796
1996 $244.4 $350 $11,472 $48,569
1995 $191.8 $321 $10,786 $48,052
1994 $196.8 $326 $10,602 $48,904
1993 $205.2 $321 $10,885 $49,503
1992 $205.6 $292 $11,730 $50,355
1991 $288.7 $315 $11,847 $49,295
1990 - $296 $11,055 $46,214
1989 - - $9,414 -
1988 - - $9,165 -
1987 - - $9,386 -
1986 - - $10,078 -
1985 - - $12,745 -
1984 - - $15,541 -
1983 - - $17,810 -
1982 - - $22,454 -
1981 - - $28,703 -
1980 - - $27,206 -
1979 - - $19,612 -
1978 - - $14,914 -
1977 - - $14,595 -
1976 - - $13,313 -
1975 - - $10,266 -
1974 - - $10,503 -
1973 - - $3,640 -
1972 - - $2,474 -
1971 - - $1,929 -
1970 - - $1,509 -
1969 - - $1,313 -
1968 - - $1,276 -
1967 - - $1,032 -
1966 - - $961 -
1965 - - $904 -
1964 - - $840 -
1963 - - $812 -
1962 - - $813 -
1961 - - $760 -
1960 - - $718 -

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

GeoRank.org/economy/mozambique/saudi-arabia | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $35,122 in Saudi Arabia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Mozambique Saudi Arabia
Gross domestic product
$22.7B
2024
$1.24T
2024
GDP rank
123/197
2024
18/197
2024
GDP growth
2.15%
2023-2024
2%
2023-2024
GDP per capita
$657
2024
$35,122
2024
GDP per capita rank
189/197
2024
33/197
2024
GDP per capita, PPP
$1,705
2024
$71,375
2024
GDP per capita PPP rank
192/197
2024
24/197
2024
Government debt
$21.2B
2024
$324B
2024
Debt-to-GDP ratio
93.2%
2024
26.2%
2024
Government debt per person
$612
2024
$9,185
2024
Government debt per person rank
159/185
2024
58/185
2024
Average annual personal income after taxes
$1,778
2026
$23,076
2026
Market capitalization of domestic companies n/a
$2.73T
2024
Number of millionaires n/a
351,855
2025
Number of billionaires n/a
15
2025
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
29.6%
2024
Consumer prices inflation
3.2%
2023-2024
1.69%
2023-2024
Central bank interest rate
9.75%
2025
4.25%
2025
Unemployment rate
6.79%
2022
3.52%
2024
Population
36941128
36734925

Spending and national debt comparison by year

Mozambique
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Mozambique Saudi Arabia
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 29.6% 26.2%
2023 33.3% 90.9% 28.3% 23%
2022 32.9% 100.3% 25.3% 21.3%
2021 32.1% 104.3% 28.2% 25.5%
2020 33.9% 120% 37.4% 29.7%
2019 28% 98.3% 31.8% 20.3%
2018 32.9% 105.5% 32.4% 16.8%
2017 29.5% 103.8% 30.9% 15.9%
2016 29.1% 124.8% 33.3% 12.2%
2015 32.2% 86% 38.5% 5.47%
2014 39.7% 63.4% 38.6% 1.5%
2013 31.7% 49.5% 34.5% 2.08%
2012 28.1% 36.7% 32.5% 2.97%
2011 28.9% 34.2% 32.4% 5.31%
2010 26.7% 38.6% 33% 8.43%
2009 25.7% 39.3% 37.1% 14%
2008 21.3% 32.8% 26.7% 12.1%
2007 20.9% 31.2% 29.5% 17.1%
2006 20.1% 40% 27.3% 25.8%
2005 17% 60.1% 28.2% 37.3%
2004 17.8% 50.8% 31.1% 62.9%
2003 18.6% 63.2% 33.1% 81.6%
2002 18.6% 63.4% 35.9% 96.4%
2001 20.8% 99.8% 36.9% 93.1%
2000 17.2% 95.8% 33.1% 86.7%
1999 15.6% 94.7% 30.3% 103%
1998 14.9% - 34.5% 101.5%
1997 16.5% - 35.6% 76.7%
1996 14.9% - 33.3% 75.2%
1995 18.8% - 32.4% 74.2%
1994 22.9% - 33.8% 67.9%
1993 20.7% - 37.7% 58.6%
1992 21.1% - 41.2% 47.8%
1991 17.3% - 34.9% 39.4%
1990 21% - 39.3% -
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 (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/saudi-arabia | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Saudi Arabia spent $367B, or 29.6% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 26.2% in Saudi Arabia, ranking 28/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Mozambique Saudi Arabia
2024 -6.17% -2.49%
2023 -4.26% -1.77%
2022 -5.22% 2.24%
2021 -5.23% -1.99%
2020 -6.19% -10.2%
2019 1.7% -3.96%
2018 -7.39% -5.21%
2017 -2.9% -8.57%
2016 -5.42% -13.2%
2015 -6.55% -14.9%
2014 -9.75% -3.4%
2013 -2.46% 5.47%
2012 -3.45% 11.7%
2011 -4.34% 11.4%
2010 -3.5% 4.39%
2009 -4.35% -5.38%
2008 -1.9% 29.8%
2007 -2.19% 11.8%
2006 -3.03% 20.8%
2005 -2.06% 18%
2004 -3.17% 9.72%
2003 -2.64% 1.2%
2002 -3.36% -5.91%
2001 -4.43% -3.91%
2000 -1.26% 3.18%
1999 -0.31% -5.99%
1998 -1.08% -8.88%
1997 -1.81% -2.51%
1996 -2.07% -3.25%
1995 -2.46% -5.12%
1994 -4% -8.31%
1993 -2.53% -9.33%
1992 -1.85% -8.12%
1991 -2.01% -3.28%
1990 -4.42% -
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/saudi-arabia | 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 Saudi Arabia's deficit of $30.9B, or 2.49% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Saudi Arabia ran a deficit in 22 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 0.18% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Mozambique

Saudi Arabia
1x
Year Consumer prices inflation
Mozambique Saudi Arabia
2024 3.2% 1.69%
2023 7% 2.33%
2022 10.4% 2.47%
2021 6.6% 3.06%
2020 0.9% 3.37%
2019 5.7% -1.19%
2018 3.2% 2.47%
2017 15.8% -0.83%
2016 18.4% 2.05%
2015 3.6% 1.22%
2014 2.6% 2.24%
2013 4.3% 3.51%
2012 2.6% 2.87%
2011 11.2% 5.83%
2010 12.4% 5.34%
2009 3.8% 5.06%
2008 14.5% 9.87%
2007 10.4% 4.17%
2006 13.2% 2.21%
2005 6.4% 0.48%
2004 12.6% 0.52%
2003 13.5% 0.61%
2002 16.8% 0.25%
2001 9.1% -1.12%
2000 12.7% -1.12%
1999 2.9% -1.33%
1998 1.5% -0.37%
1997 7.4% 0.06%

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/saudi-arabia | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 1.99% in Saudi Arabia. In 2024, inflation was 3.2% in Mozambique and 1.69% in Saudi Arabia.

Top exports between countries

Mozambique
Export category Export value
Raw materials & minerals $39.7M
Textiles & consumer goods $955K
Metals $914K
Raw agricultural goods $490K
Processed food, beverages & tobacco $170K
Animal & marine products $15K
Machinery & equipment $9K
Chemicals & pharma $3K
Weapons & explosives $2K
Wood & paper products $1K
Saudi Arabia
Export category Export value
Raw materials & minerals $76.4M
Chemicals & pharma $27.7M
Machinery & equipment $3.16M
Animal & marine products $1.07M
Wood & paper products $743K
Processed food, beverages & tobacco $544K
Metals $74K
Textiles & consumer goods $35K
Miscellaneous $9K
Raw agricultural goods $9K

Balance of trade

Mozambique Saudi Arabia
Current account balance
-$2.49B
2024
-$16.3B
2024
Current account balance ranking
150/190
2024
180/190
2024
Current account balance, % of GDP
-11%
2024
-1.31%
2024
Goods imports
$8.38B
2024
$214B
2024
Goods exports
$8.21B
2024
$306B
2024
Service imports
$2.11B
2024
$125B
2024
Service exports
$1.15B
2024
$62.8B
2024
Imports of goods and services, % of GDP
52.8%
2024
25.6%
2024
Exports of goods and services, % of GDP
42.8%
2024
29.1%
2024

Economic freedom indices

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

Mozambique Saudi Arabia
Economic freedom 49.6 65.4
Economic freedom ranking 164/197 65/197
Property rights 29.7 51.4
Government integrity 25.1 52.7
Judicial effectiveness 43.4 38.2
Tax burden 75.8 99.2
Government spending 67 77
Fiscal health 39.1 97.9
Business freedom 40.2 71.2
Labor freedom 47.7 41.8
Monetary freedom 76.2 81.2
Trade freedom 71.2 73.8
Investment freedom 40 50
Financial freedom 40 50

Economic freedom comparison by year

Mozambique
Saudi Arabia
1x
Year Economic freedom index
Mozambique Saudi Arabia
2026 49.6 65.4
2025 50.7 64.4
2024 50.7 61.9
2023 52.5 58.3
2022 51.3 55.5
2021 51.6 66
2020 50.5 62.4
2019 48.6 60.7
2018 46.3 59.6
2017 49.9 64.4
2016 53.2 62.1
2015 54.8 62.1
2014 55 62.2
2013 55 60.6
2012 57.1 62.5
2011 56.8 66.2
2010 56 64.1
2009 55.7 64.3
2008 55.4 62.5
2007 54.7 60.9
2006 51.9 63
2005 54.6 63
2004 57.2 60.4
2003 58.6 63.2
2002 57.7 65.3
2001 59.2 62.2
2000 52.2 66.5
1999 48.9 65.5
1998 43 69.3
1997 44 68.7
1996 48.4 68.3
1995 45.5 -

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

GeoRank.org/economy/mozambique/saudi-arabia | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Saudi Arabia
Services, % of GDP
41.1%
2024
47.1%
2024
Industry, % of GDP
21.9%
2024
44.9%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
2.54%
2024
GNI, Atlas method
$19.1B
2024
$1.26T
2024
GNI per capita, PPP
$1,520
2024
$71,730
2024
Total reserves including gold
$3.84B
2024
$464B
2024
Total reserves ranking
108/177
2024
7/177
2024
Net foreign direct investment
-$3.55B
2024
$6.27B
2024
Net inflows of foreign direct investment
$3.51B
2024
$21.3B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$27.6B
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
30.2%
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/saudi-arabia | 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 (1980–1989, retrieved 2026-02-20)
  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.