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Economy of Mozambique vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $99B for Sri Lanka, ranking 123/197 and 72/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Mozambique vs Sri Lanka GDP by year

Mozambique
Sri Lanka
1x
Year GDP, current $
Mozambique Sri Lanka
2024 $22,745,341,305 $98,963,185,510
2023 $20,921,079,533 $83,716,142,582
2022 $18,883,528,581 $74,143,020,263
2021 $16,168,055,475 $88,556,698,938
2020 $14,235,420,174 $84,335,574,582
2019 $15,512,759,047 $88,998,706,297
2018 $15,017,358,953 $94,450,015,983
2017 $13,264,640,646 $94,369,350,286
2016 $12,069,051,237 $88,000,211,172
2015 $16,208,985,770 $85,090,301,052
2014 $17,978,246,586 $82,531,125,191
2013 $17,198,073,057 $76,976,203,829
2012 $16,688,114,144 $70,447,217,164
2011 $14,619,279,989 $67,753,285,897
2010 $11,411,894,724 $58,636,049,434
2009 $12,263,894,790 $42,066,224,093
2008 $12,920,340,965 $40,713,826,215
2007 $10,811,456,006 $32,350,238,760
2006 $9,509,835,537 $28,267,410,543
2005 $8,868,504,900 $24,405,791,045
2004 $7,937,255,565 $20,662,525,941
2003 $6,583,526,861 $18,881,765,437
2002 $5,950,769,427 $16,536,535,647
2001 $5,650,154,067 $15,749,753,805
2000 $5,930,685,215 $16,595,882,819
1999 $6,285,219,691 $15,711,933,513
1998 $5,551,118,149 $15,760,736,956
1997 $4,873,663,775 $15,091,913,884
1996 $4,030,146,135 $13,897,738,375
1995 $3,061,646,174 $13,029,697,561
1994 $2,958,108,170 $11,717,604,209
1993 $2,883,161,897 $10,338,679,636
1992 $2,798,696,511 $9,703,011,636
1991 $3,854,856,435 $9,000,362,582
1990 - $8,032,551,173
1989 - $6,987,267,684
1988 - $6,978,371,581
1987 - $6,682,167,120
1986 - $6,405,210,564
1985 - $5,978,460,972
1984 - $6,043,474,843
1983 - $5,167,913,302
1982 - $4,768,765,017
1981 - $4,415,844,156
1980 - $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 - $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/mozambique/sri-lanka | CC BY

GDP per capita in Mozambique vs Sri Lanka by year

Mozambique
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $4,516 $15,633
2023 $622 $1,678 $3,799 $14,456
2022 $578 $1,582 $3,343 $14,194
2021 $510 $1,457 $3,997 $14,316
2020 $462 $1,412 $3,848 $12,941
2019 $519 $1,389 $4,082 $14,113
2018 $518 $1,326 $4,359 $14,178
2017 $471 $1,283 $4,399 $13,610
2016 $441 $1,379 $4,149 $13,079
2015 $611 $1,318 $4,058 $12,227
2014 $697 $1,166 $3,972 $11,721
2013 $687 $1,114 $3,739 $11,253
2012 $686 $1,076 $3,328 $10,249
2011 $618 $1,064 $3,225 $9,076
2010 $496 $1,000 $2,808 $8,234
2009 $548 $951 $2,027 $7,576
2008 $592 $916 $1,974 $7,317
2007 $508 $862 $1,579 $6,820
2006 $457 $798 $1,389 $6,261
2005 $437 $721 $1,207 $5,679
2004 $400 $673 $1,029 $5,216
2003 $339 $620 $946 $4,850
2002 $314 $580 $835 $4,522
2001 $305 $533 $804 $4,328
2000 $327 $472 $860 $4,368
1999 $354 $468 $829 $4,103
1998 $320 $422 $848 $3,952
1997 $287.5 $387 $827 $3,804
1996 $244.4 $350 $776 $3,582
1995 $191.8 $321 $742 $3,454
1994 $196.8 $326 $678 $3,260
1993 $205.2 $321 $607 $3,067
1992 $205.6 $292 $580 $2,851
1991 $288.7 $315 $546 $2,713
1990 - $296 $491 $2,527
1989 - - $430 -
1988 - - $434 -
1987 - - $420 -
1986 - - $407 -
1985 - - $385 -
1984 - - $391 -
1983 - - $336 -
1982 - - $312 -
1981 - - $292.5 -
1980 - - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 - - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/mozambique/sri-lanka | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Mozambique Sri Lanka
Gross domestic product
$22.7B
2024
$99B
2024
GDP rank
123/197
2024
72/197
2024
GDP growth
2.15%
2023-2024
5.01%
2023-2024
GDP per capita
$657
2024
$4,516
2024
GDP per capita rank
189/197
2024
124/197
2024
GDP per capita, PPP
$1,705
2024
$15,633
2024
GDP per capita PPP rank
192/197
2024
111/197
2024
Government debt
$21.2B
2024
$99.8B
2024
Debt-to-GDP ratio
93.2%
2024
100.8%
2024
Government debt per person
$612
2024
$4,554
2024
Government debt per person rank
159/185
2024
85/185
2024
Average annual personal income after taxes
$1,778
2026
$2,874
2026
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
40.8%
2022
30.8%
2019
Income share by poorest 10%
1.7%
2022
3.1%
2019
Government expenditure, % of GDP
33.2%
2024
19.3%
2024
Consumer prices inflation
3.2%
2023-2024
-0.43%
2023-2024
Central bank interest rate
9.75%
2025
7.75%
2025
Unemployment rate
6.79%
2022
4.67%
2023
Population
36941128
22185425

Spending and national debt comparison by year

Mozambique
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Mozambique Sri Lanka
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 19.3% 100.8%
2023 33.3% 90.9% 19.5% 110.4%
2022 32.9% 100.3% 18.6% 115.9%
2021 32.1% 104.3% 20% 102.7%
2020 33.9% 120% 22.1% 96.9%
2019 28% 98.3% 19.5% 82.6%
2018 32.9% 105.5% 17.5% 83.6%
2017 29.5% 103.8% 17.9% 72.3%
2016 29.1% 124.8% 18.2% 75%
2015 32.2% 86% 19.3% 76.3%
2014 39.7% 63.4% 17.2% 69.6%
2013 31.7% 49.5% 16.6% 69.5%
2012 28.1% 36.7% 17.3% 67.5%
2011 28.9% 34.2% 19.1% 69.4%
2010 26.7% 38.6% 19.3% 68.7%
2009 25.7% 39.3% 21% 72.8%
2008 21.3% 32.8% 19.1% 68.8%
2007 20.9% 31.2% 19.9% 71.8%
2006 20.1% 40% 20.5% 74.3%
2005 17% 60.1% 20.1% 76.6%
2004 17.8% 50.8% 19.3% 86.5%
2003 18.6% 63.2% 19.3% 86.5%
2002 18.6% 63.4% 20.8% 96.3%
2001 20.8% 99.8% 22.4% 84.4%
2000 17.2% 95.8% 21.7% 79.2%
1999 15.6% 94.7% 20.5% 77.7%
1998 14.9% - 21.4% 74.2%
1997 16.5% - 21.4% 70.1%
1996 14.9% - 23.1% 76.2%
1995 18.8% - 24.8% 77.8%
1994 22.9% - 24.1% 77.9%
1993 20.7% - 23.2% 79.2%
1992 21.1% - 23% 77.9%
1991 17.3% - 26.4% 80.5%
1990 21% - 25.4% 78.9%
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/sri-lanka | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 100.8% in Sri Lanka, ranking 28/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Mozambique Sri Lanka
2024 -6.17% -5.64%
2023 -4.26% -8.32%
2022 -5.22% -10.2%
2021 -5.23% -11.7%
2020 -6.19% -13.4%
2019 1.7% -7.52%
2018 -7.39% -4.96%
2017 -2.9% -5.1%
2016 -5.42% -5%
2015 -6.55% -6.64%
2014 -9.75% -5.99%
2013 -2.46% -5%
2012 -3.45% -5.44%
2011 -4.34% -6.01%
2010 -3.5% -6.73%
2009 -4.35% -8.33%
2008 -1.9% -5.93%
2007 -2.19% -5.81%
2006 -3.03% -5.91%
2005 -2.06% -5.93%
2004 -3.17% -6.32%
2003 -2.64% -6.15%
2002 -3.36% -6.9%
2001 -4.43% -8.48%
2000 -1.26% -7.78%
1999 -0.31% -5.58%
1998 -1.08% -6.79%
1997 -1.81% -5.71%
1996 -2.07% -6.89%
1995 -2.46% -7.11%
1994 -4% -7.41%
1993 -2.53% -5.77%
1992 -1.85% -4.95%
1991 -2.01% -7.97%
1990 -4.42% -6.39%
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/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Sri Lanka ran a deficit in 34 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 6.86% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Mozambique

Sri Lanka
1x
Year Consumer prices inflation
Mozambique Sri Lanka
2024 3.2% -0.43%
2023 7% 16.5%
2022 10.4% 49.7%
2021 6.6% 7.01%
2020 0.9% 6.15%
2019 5.7% 3.53%
2018 3.2% 2.14%
2017 15.8% 7.7%
2016 18.4% 3.96%
2015 3.6% 3.77%
2014 2.6% 3.18%
2013 4.3% 6.91%
2012 2.6% 7.54%
2011 11.2% 6.72%
2010 12.4% 6.22%
2009 3.8% 3.46%
2008 14.5% 22.6%
2007 10.4% 15.8%
2006 13.2% 10%
2005 6.4% 11.6%
2004 12.6% 7.58%
2003 13.5% 6.31%
2002 16.8% 9.55%
2001 9.1% 14.2%
2000 12.7% 6.18%
1999 2.9% 4.69%
1998 1.5% 9.36%
1997 7.4% 9.57%

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/sri-lanka | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 9.34% in Sri Lanka. In 2024, inflation was 3.2% in Mozambique and -0.43% in Sri Lanka.

Top exports between countries

Mozambique
Export category Export value
Raw agricultural goods $739K
Raw materials & minerals $35K
Precious metals & jewellery $30K
Machinery & equipment $16K
Textiles & consumer goods $4K
Animal & marine products $1K
Chemicals & pharma $1K
Sri Lanka
Export category Export value
Raw materials & minerals $4.3M
Wood & paper products $237K
Raw agricultural goods $72K
Metals $55K
Machinery & equipment $40K
Textiles & consumer goods $34K
Miscellaneous $1K

Balance of trade

Mozambique Sri Lanka
Current account balance
-$2.49B
2024
$1.21B
2024
Current account balance ranking
150/190
2024
53/190
2024
Current account balance, % of GDP
-11%
2024
+1.22%
2024
Goods imports
$8.38B
2024
$18.8B
2024
Goods exports
$8.21B
2024
$12.8B
2024
Service imports
$2.11B
2024
$3.48B
2024
Service exports
$1.15B
2024
$6.91B
2024
Imports of goods and services, % of GDP
52.8%
2024
22.5%
2024
Exports of goods and services, % of GDP
42.8%
2024
19.9%
2024

Economic freedom indices

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

Mozambique Sri Lanka
Economic freedom 49.6 50.3
Economic freedom ranking 164/197 162/197
Property rights 29.7 47.3
Government integrity 25.1 37.3
Judicial effectiveness 43.4 47.2
Tax burden 75.8 77
Government spending 67 89
Fiscal health 39.1 0
Business freedom 40.2 60.1
Labor freedom 47.7 54.3
Monetary freedom 76.2 65.9
Trade freedom 71.2 65.6
Investment freedom 40 30
Financial freedom 40 30

Economic freedom comparison by year

Mozambique
Sri Lanka
1x
Year Economic freedom index
Mozambique Sri Lanka
2026 49.6 50.3
2025 50.7 49.4
2024 50.7 49.2
2023 52.5 52.2
2022 51.3 53.3
2021 51.6 55.7
2020 50.5 57.4
2019 48.6 56.4
2018 46.3 57.8
2017 49.9 57.4
2016 53.2 59.9
2015 54.8 58.6
2014 55 60
2013 55 60.7
2012 57.1 58.3
2011 56.8 57.1
2010 56 54.6
2009 55.7 56
2008 55.4 58.4
2007 54.7 59.4
2006 51.9 58.7
2005 54.6 61
2004 57.2 61.6
2003 58.6 62.5
2002 57.7 64
2001 59.2 66
2000 52.2 63.2
1999 48.9 64
1998 43 64.6
1997 44 65.5
1996 48.4 62.5
1995 45.5 60.6

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

GeoRank.org/economy/mozambique/sri-lanka | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Sri Lanka
Services, % of GDP
41.1%
2024
57.5%
2024
Industry, % of GDP
21.9%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
8.3%
2024
GNI, Atlas method
$19.1B
2024
$84.6B
2024
GNI per capita, PPP
$1,520
2024
$15,240
2024
Total reserves including gold
$3.84B
2024
$6.09B
2024
Total reserves ranking
108/177
2024
92/177
2024
Net foreign direct investment
-$3.55B
2024
-$651M
2024
Net inflows of foreign direct investment
$3.51B
2024
$761M
2024
Net outflows of foreign direct investment
-$44.1M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
4.98%
2024
Poverty at national poverty lines
65%
2022
14.3%
2019
Gross capital formation, % of GDP
17.7%
2024
27%
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/sri-lanka | 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 (2021–2024, 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.