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Economy of Mozambique vs Slovakia compared: GDP & Debt

Updated on by Georank

Mozambique has a GDP of $22.3B compared to $155B for Slovakia, ranking 127/197 and 60/197 by economy size, respectively.

Mozambique has $22.9B in government debt (102.5% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Mozambique vs Slovakia GDP by year

Mozambique
Slovakia
1x
Year GDP, current $
Mozambique Slovakia
2025 $22,337,997,046 $154,530,066,507
2024 $22,752,244,245 $140,934,076,532
2023 $20,927,498,317 $133,578,518,424
2022 $18,884,232,599 $115,792,972,358
2021 $16,168,055,475 $120,511,265,913
2020 $14,235,420,174 $107,732,602,896
2019 $15,512,759,047 $105,843,498,304
2018 $15,017,358,953 $106,611,673,365
2017 $13,264,640,646 $95,978,130,735
2016 $12,069,051,237 $90,347,173,229
2015 $16,208,985,770 $89,178,548,717
2014 $17,978,246,586 $101,713,075,599
2013 $17,198,073,057 $99,134,277,850
2012 $16,688,114,144 $94,724,394,278
2011 $14,619,279,989 $99,705,104,723
2010 $11,411,894,724 $91,112,160,801
2009 $12,263,894,790 $89,342,984,698
2008 $12,920,340,965 $96,685,492,864
2007 $10,811,456,006 $77,019,443,089
2006 $9,509,835,537 $57,111,148,619
2005 $8,868,504,900 $48,823,790,951
2004 $7,937,255,565 $42,960,730,480
2003 $6,583,526,861 $33,761,723,946
2002 $5,950,769,427 $24,768,142,566
2001 $5,650,154,067 $21,377,597,035
2000 $5,930,685,215 $20,626,538,612
1999 $6,285,219,691 $20,813,421,086
1998 $5,551,118,149 $22,911,708,405
1997 $4,873,663,775 $22,026,728,498
1996 $4,030,146,135 $21,864,845,214
1995 $3,061,646,174 $20,306,095,054
1994 $2,958,108,170 $16,187,735,322
1993 $2,883,161,897 $13,991,963,247
1992 $2,798,696,511 $12,932,972,789
1991 $3,854,856,435 $11,952,983,608
1990 - $17,068,924,602

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

GDP per capita in Mozambique vs Slovakia by year

Mozambique
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $627 - $28,544 -
2024 $657 $1,705 $25,993 $48,132
2023 $622 $1,678 $24,615 $45,974
2022 $578 $1,582 $21,318 $41,562
2021 $510 $1,457 $22,123 $38,346
2020 $462 $1,412 $19,735 $35,328
2019 $519 $1,389 $19,406 $33,986
2018 $518 $1,326 $19,573 $31,510
2017 $471 $1,283 $17,646 $30,246
2016 $441 $1,379 $16,636 $29,868
2015 $611 $1,318 $16,442 $30,148
2014 $697 $1,166 $18,771 $29,108
2013 $687 $1,114 $18,313 $28,075
2012 $686 $1,076 $17,517 $27,023
2011 $618 $1,064 $18,469 $26,202
2010 $496 $1,000 $16,899 $25,382
2009 $548 $951 $16,587 $23,077
2008 $592 $916 $17,974 $23,714
2007 $508 $862 $14,330 $21,232
2006 $457 $798 $10,629 $18,906
2005 $437 $721 $9,087 $16,570
2004 $400 $673 $7,997 $15,166
2003 $339 $620 $6,283 $14,088
2002 $314 $580 $4,606 $13,292
2001 $305 $533 $3,974 $12,367
2000 $327 $472 $3,828 $11,370
1999 $354 $468 $3,857 $10,726
1998 $320 $422 $4,250 $10,666
1997 $287.5 $387 $4,092 $10,137
1996 $244.4 $350 $4,069 $9,500
1995 $191.8 $321 $3,787 $8,812
1994 $196.8 $326 $3,028 $8,178
1993 $205.2 $321 $2,627 $7,569
1992 $205.6 $292 $2,438 $7,270
1991 $288.7 $315 $2,254 $7,623
1990 - $296 $3,221 $8,638

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

Mozambique's GDP per capita is $627, ranking 193/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Slovakia ranks 49th at $48,132.

Economic indicators

Mozambique Slovakia
Gross domestic product
$22.3B
2025
$155B
2025
GDP rank
127/197
2025
60/197
2025
GDP growth
-0.52%
2024-2025
0.81%
2024-2025
GDP per capita
$627
2025
$28,544
2025
GDP per capita rank
193/197
2025
46/197
2025
GDP per capita, PPP
$1,705
2024
$48,132
2024
GDP per capita PPP rank
192/197
2024
49/197
2024
Government debt
$22.9B
2025
$95.3B
2025
Debt-to-GDP ratio
102.5%
2025
61.6%
2025
Government debt per person
$643
2025
$17,597
2025
Government debt per person rank
158/185
2025
36/185
2025
Average annual personal income after taxes
$1,324
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
40.8%
2022
18.8%
2023
Income share by poorest 10%
1.7%
2022
3.3%
2023
Government expenditure, % of GDP
30.3%
2025
48.7%
2025
Consumer prices inflation
4.4%
2024-2025
4%
2024-2025
Central bank interest rate
9.25%
2026
n/a
Unemployment rate
6.79%
2022
5.4%
2025
Population
37173146
5376239

Spending and national debt comparison by year

Mozambique
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Mozambique Slovakia
Government spending Government debt Government spending Government debt
2025 30.3% 102.5% 48.7% 61.6%
2024 33.3% 91.4% 47.5% 59.7%
2023 33.3% 90.8% 48.2% 55.8%
2022 32.9% 100.4% 43.1% 57.8%
2021 32.1% 104.3% 44.8% 60.2%
2020 33.9% 120% 44.5% 58.4%
2019 28% 98.3% 40.6% 48%
2018 31.2% 105.5% 39.7% 49.3%
2017 28.6% 103.8% 39.8% 51.4%
2016 28.7% 124.8% 40.9% 52.1%
2015 32.2% 86% 44.1% 51.6%
2014 39.7% 63.4% 42% 53.4%
2013 31.7% 49.5% 41.1% 54.6%
2012 28.1% 36.7% 40% 51.7%
2011 28.9% 34.2% 40.8% 43.3%
2010 26.6% 38.6% 41% 40.7%
2009 25.7% 39.3% 43.2% 36.4%
2008 21.3% 32.8% 36.5% 28.6%
2007 20.9% 31.2% 35.9% 30.4%
2006 20.1% 40% 38.2% 31.5%
2005 17% 60.1% 39.1% 35%
2004 17.8% 50.8% 38.4% 42%
2003 18.6% 63.2% 40% 43.6%
2002 18.6% 63.4% 46% 45.6%
2001 20.8% 99.8% 46.2% 51.4%
2000 17.2% 95.8% 53.2% 50.6%
1999 15.6% 94.7% 48.4% 47.1%
1998 14.9% - 46.2% 33.9%
1997 16.5% - 48.6% 32.8%
1996 14.9% - 52.8% 30.3%
1995 18.8% - 47.8% 21.3%
1994 22.9% - - -
1993 20.7% - - -
1992 21.1% - - -
1991 17.3% - - -
1990 21% - - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Mozambique's government spending was $6.76B, accounting for 30.3% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 102.5% in Mozambique and 61.6% in Slovakia, ranking 21/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Slovakia
1x
Year Deficit/surplus, % of GDP
Mozambique Slovakia
2025 -3.97% -5.02%
2024 -6.23% -5.5%
2023 -4.26% -5.3%
2022 -5.22% -1.56%
2021 -5.23% -5.09%
2020 -6.19% -5.3%
2019 1.7% -1.21%
2018 -5.7% -1.01%
2017 -1.99% -0.98%
2016 -5.06% -2.59%
2015 -6.55% -2.78%
2014 -9.75% -3.25%
2013 -2.46% -2.86%
2012 -3.45% -4.37%
2011 -4.34% -4.36%
2010 -3.4% -7.44%
2009 -4.35% -8.18%
2008 -1.9% -2.54%
2007 -2.19% -2.26%
2006 -3.03% -3.57%
2005 -2.06% -2.86%
2004 -3.17% -2.36%
2003 -2.64% -2.28%
2002 -3.36% -8.35%
2001 -4.43% -7.74%
2000 -1.26% -12.7%
1999 -0.31% -7.25%
1998 -1.08% -5.37%
1997 -1.81% -6.24%
1996 -2.07% -9.72%
1995 -2.46% -3.43%
1994 -4% -
1993 -2.53% -
1992 -1.85% -
1991 -2.01% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

GeoRank.org/economy/mozambique/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Mozambique recorded a fiscal deficit in 30 of those years, while Slovakia ran a deficit in 31 years. On average, Mozambique posted an annual deficit equal to 3.49% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Mozambique

Slovakia
1x
Year Consumer prices inflation
Mozambique Slovakia
2025 4.4% 4%
2024 3.2% 2.76%
2023 7% 10.5%
2022 10.4% 12.8%
2021 6.6% 3.15%
2020 0.9% 1.94%
2019 5.7% 2.66%
2018 3.2% 2.51%
2017 15.8% 1.31%
2016 18.4% -0.52%
2015 3.6% -0.33%
2014 2.6% -0.08%
2013 4.3% 1.4%
2012 2.6% 3.61%
2011 11.2% 3.92%
2010 12.4% 0.96%
2009 3.8% 1.62%
2008 14.5% 4.6%
2007 10.4% 2.76%
2006 13.2% 4.48%
2005 6.4% 2.71%
2004 12.6% 7.55%
2003 13.5% 8.55%
2002 16.8% 3.13%
2001 9.1% 7.33%
2000 12.7% 12%
1999 2.9% 10.6%
1998 1.5% 6.67%
1997 7.4% 6.14%

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/slovakia | CC BY

Over the past 29 years, Mozambique has recorded an average annual inflation rate of 8.18%, compared with 4.44% in Slovakia. In 2025, inflation was 4.4% in Mozambique and 4% in Slovakia.

Top exports between countries

Mozambique
Export category Export value
Slovakia
Export category Export value
Machinery & equipment $930K
Chemicals & pharma $312K
Textiles & consumer goods $227K
Weapons & explosives $208K
Processed food, beverages & tobacco $109K
Raw materials & minerals $70K
Metals $59K
Animal & marine products $1K

Balance of trade

Mozambique Slovakia
Current account balance
-$2.49B
2024
-$5.6B
2025
Current account balance ranking
148/190
2024
165/190
2025
Current account balance, % of GDP
-11%
2024
-3.63%
2025
Goods imports
$8.38B
2024
$117B
2025
Goods exports
$8.21B
2024
$117B
2025
Service imports
$2.11B
2024
$14.3B
2025
Service exports
$1.15B
2024
$14.7B
2025
Imports of goods and services, % of GDP
55.7%
2025
85.2%
2025
Exports of goods and services, % of GDP
41.4%
2025
85.1%
2025

Economic freedom indices

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

Mozambique Slovakia
Economic freedom 49.6 67.7
Economic freedom ranking 164/197 54/197
Property rights 29.7 82.6
Government integrity 25.1 57.2
Judicial effectiveness 43.4 70.5
Tax burden 75.8 75.4
Government spending 67 36.4
Fiscal health 39.1 69.6
Business freedom 40.2 71.1
Labor freedom 47.7 55.1
Monetary freedom 76.2 69.7
Trade freedom 71.2 79.4
Investment freedom 40 75
Financial freedom 40 70

Economic freedom comparison by year

Mozambique
Slovakia
1x
Year Economic freedom index
Mozambique Slovakia
2026 49.6 67.7
2025 50.7 68.4
2024 50.7 68.1
2023 52.5 69
2022 51.3 69.7
2021 51.6 66.3
2020 50.5 66.8
2019 48.6 65
2018 46.3 65.3
2017 49.9 65.7
2016 53.2 66.6
2015 54.8 67.2
2014 55 66.4
2013 55 68.7
2012 57.1 67
2011 56.8 69.5
2010 56 69.7
2009 55.7 69.4
2008 55.4 70
2007 54.7 69.6
2006 51.9 69.8
2005 54.6 66.8
2004 57.2 64.6
2003 58.6 59
2002 57.7 59.8
2001 59.2 58.5
2000 52.2 53.8
1999 48.9 54.2
1998 43 57.5
1997 44 55.5
1996 48.4 57.6
1995 45.5 60.4

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

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Slovakia
Services, % of GDP
42%
2025
59.8%
2025
Industry, % of GDP
22.1%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
25.6%
2025
1.59%
2025
GNI, Atlas method
$20.4B
2025
$143B
2025
GNI per capita, PPP
$1,540
2025
$47,920
2025
Total reserves including gold
$3.84B
2024
$18.2B
2025
Total reserves ranking
112/177
2024
69/177
2025
Net foreign direct investment
-$3.55B
2024
-$198M
2025
Net inflows of foreign direct investment
$3.51B
2024
$5.01B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
13.7%
2021
Gross capital formation, % of GDP
24.2%
2025
20.1%
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/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.