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Economy of Mozambique vs Syria compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.4B compared to $20B for Syria, ranking 123/197 and 129/197 by economy size, respectively.

Mozambique has $21.7B in government debt (101.1% of GDP), compared to $18.4B (30% of GDP) in Syria.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Mozambique
GDP, current $

GDP, constant 2015 $
Syria
GDP, current $

GDP, constant 2015 $
Year GDP
Mozambique Syria
Current $ Constant $ Current $ Constant $
1960 - - $857,704,413 $2,416,812,218
1961 - - $945,244,972 $2,678,627,030
1962 - - $1,110,565,881 $3,335,461,124
1963 - - $1,200,447,408 $3,046,852,122
1964 - - $1,339,494,267 $3,329,336,867
1965 - - $1,472,036,540 $3,405,890,769
1966 - - $1,342,287,553 $3,145,031,364
1967 - - $1,580,229,799 $3,404,738,073
1968 - - $1,753,746,430 $3,531,703,487
1969 - - $2,245,011,515 $4,194,530,603
1970 - - $2,140,384,010 $4,119,161,060
1971 - - $2,589,851,325 $4,488,065,486
1972 - - $3,059,681,698 $5,639,735,188
1973 - - $3,239,487,516 $5,049,263,095
1974 - - $5,159,557,148 $6,351,759,533
1975 - - $6,826,980,444 $7,390,372,324
1976 - - $7,633,528,867 $8,296,021,554
1977 - - $7,696,011,396 $8,146,733,163
1978 - - $9,275,200,458 $8,956,729,450
1979 - - $9,929,681,529 $9,036,264,207
1980 - $2,851,825,334 $13,062,420,382 $10,347,255,986
1981 - $2,994,416,685 $15,518,201,335 $11,149,721,268
1982 - $2,787,801,951 $16,298,929,011 $11,460,696,656
1983 - $2,350,116,988 $17,589,277,143 $11,726,623,777
1984 - $2,197,359,386 $17,503,078,174 $10,834,153,805
1985 - $2,219,332,908 $16,403,539,893 $11,847,234,654
1986 - $2,168,288,339 $13,293,205,278 $10,905,032,498
1987 - $2,487,026,735 $11,356,215,543 $11,088,485,935
1988 - $2,690,962,807 $10,577,041,645 $13,085,648,672
1989 - $2,865,875,512 $9,853,395,762 $11,299,813,273
1990 - $2,894,534,062 $12,308,624,418 $11,722,376,107
1991 $3,854,856,435 $3,037,102,926 $12,981,833,333 $12,621,068,342
1992 $2,798,696,511 $2,806,992,351 $13,253,565,861 $14,258,373,042
1993 $2,883,161,897 $3,114,089,525 $13,695,962,055 $15,135,390,679
1994 $2,958,108,170 $3,314,642,611 $10,122,020,000 $16,227,110,829
1995 $3,061,646,174 $3,385,008,954 $11,396,706,587 $17,367,323,301
1996 $4,030,146,135 $3,747,066,498 $13,789,560,878 $19,073,761,706
1997 $4,873,663,775 $4,189,780,379 $14,505,233,463 $20,031,990,206
1998 $5,551,118,149 $4,624,228,448 $15,200,846,154 $21,391,221,744
1999 $6,285,219,691 $5,170,672,900 $15,873,875,969 $20,631,095,403
2000 $5,930,685,215 $5,210,292,404 $18,937,052,543 $20,770,487,870
2001 $5,650,154,067 $5,879,902,616 $20,237,024,725 $20,988,014,510
2002 $5,950,769,427 $6,448,401,314 $20,669,357,462 $21,818,055,209
2003 $6,583,526,861 $6,913,827,632 $21,828,144,686 $23,389,922,826
2004 $7,937,255,565 $7,481,086,790 $25,086,950,495 $25,004,519,711
2005 $8,868,504,900 $7,953,294,767 $28,858,965,517 $26,558,570,073
2006 $9,509,835,537 $8,741,520,167 $33,751,788,856 $27,898,767,456
2007 $10,811,456,006 $9,410,189,984 $40,465,318,382 $29,481,908,620
2008 $12,920,340,965 $10,057,425,621 $52,557,913,569 $30,801,717,185
2009 $12,263,894,790 $10,653,727,557 $54,111,735,629 $32,622,727,886
2010 $11,411,894,724 $11,365,367,724 $61,390,830,875 $34,316,469,201
2011 $14,619,279,989 $12,176,179,698 $67,539,428,159 $35,294,489,549
2012 $16,688,114,144 $13,149,604,768 $43,190,318,033 $25,998,267,919
2013 $17,198,073,057 $14,013,719,723 $21,361,254,635 $19,160,700,666
2014 $17,978,246,586 $15,093,136,077 $21,502,061,466 $17,185,167,298
2015 $16,208,985,770 $16,208,985,770 $16,466,863,117 $16,466,863,117
2016 $12,069,051,237 $16,970,320,250 $12,597,854,877 $15,412,063,258
2017 $13,264,640,646 $17,418,032,490 $16,369,843,352 $15,300,590,613
2018 $15,017,358,953 $18,025,039,082 $21,497,782,868 $15,513,754,781
2019 $15,512,759,047 $18,442,825,952 $22,583,045,060 $15,703,131,996
2020 $14,235,420,174 $18,217,911,540 $12,047,752,036 $15,593,656,904
2021 $16,168,055,475 $18,651,030,678 $14,353,205,678 $15,882,796,970
2022 $18,883,528,581 $19,465,045,725 $23,622,827,080 $15,999,183,136
2023 $20,954,220,984 $20,523,332,839 $19,993,439,950 $15,806,030,725
2024 $22,416,650,343 $20,903,378,791 - -

Economic indicators

Mozambique Syria
Gross domestic product
$22.4B
2024
$20B
2023
GDP rank
123/197
2024
129/197
2023
GDP growth
6.98%
2023-2024
-15.4%
2022-2023
GDP per capita
$647
2024
$847
2023
GDP per capita rank
190/197
2024
184/197
2023
GDP per capita, PPP
$1,700
2024
$4,650
2023
Government debt
$21.7B
2024
$18.4B
2010
Debt-to-GDP ratio
101.1%
2025
30%
2010
Government debt per person
$625
2024
$820
2010
Government debt per person rank
158/185
2024
148/185
2010
Average annual personal income after taxes
$2,107
2025
$731
2025
Income share by richest 10%
40.8%
2022
21.1%
2022
Income share by poorest 10%
1.7%
2022
3.8%
2022
Government expenditure, % of GDP
32.2%
2025
28.6%
2010
Consumer prices inflation
4.9%
2024-2025
13.4%
2018-2019
Central bank interest rate
10.3%
2025
n/a
Unemployment rate
6.79%
2022
8.61%
2010
Population
36441519
26304877

GDP per capita in Mozambique vs Syria

Mozambique's GDP per capita is $647, ranking 190/197, compared to $847 in Syria, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 193rd at $1,700, while Syria ranks 160th at $4,650.

Mozambique
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
Year Current $
Mozambique Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $183.5 -
1961 - - $196.3 -
1962 - - $223.9 -
1963 - - $234.9 -
1964 - - $254.2 -
1965 - - $270.8 -
1966 - - $239.3 -
1967 - - $272.9 -
1968 - - $293.3 -
1969 - - $364 -
1970 - - $335 -
1971 - - $393 -
1972 - - $448 -
1973 - - $459 -
1974 - - $707 -
1975 - - $904 -
1976 - - $976 -
1977 - - $951 -
1978 - - $1,108 -
1979 - - $1,146 -
1980 - - $1,458 -
1981 - - $1,676 -
1982 - - $1,703 -
1983 - - $1,776 -
1984 - - $1,706 -
1985 - - $1,544 -
1986 - - $1,208 -
1987 - - $997 -
1988 - - $898 -
1989 - - $809 -
1990 - $296 $978 -
1991 $288.7 $315 $1,000 -
1992 $205.6 $292 $990 -
1993 $205.2 $321 $993 -
1994 $196.8 $326 $712 -
1995 $191.8 $321 $780 -
1996 $244.4 $350 $918 -
1997 $287.5 $387 $941 -
1998 $320 $422 $961 -
1999 $354 $468 $978 -
2000 $327 $472 $1,138 -
2001 $305 $533 $1,187 -
2002 $314 $580 $1,183 -
2003 $339 $620 $1,220 -
2004 $400 $673 $1,368 -
2005 $437 $721 $1,534 -
2006 $457 $798 $1,719 -
2007 $508 $862 $1,938 -
2008 $592 $916 $2,429 -
2009 $548 $951 $2,462 -
2010 $496 $1,000 $2,731 -
2011 $618 $1,064 $2,952 -
2012 $686 $1,076 $1,898 -
2013 $687 $1,114 $986 -
2014 $697 $1,166 $1,061 -
2015 $611 $1,318 $848 -
2016 $441 $1,379 $656 -
2017 $471 $1,283 $852 $3,265
2018 $518 $1,326 $1,098 $3,456
2019 $519 $1,389 $1,110 $3,502
2020 $462 $1,412 $572 $3,738
2021 $510 $1,457 $664 $4,593
2022 $578 $1,582 $1,052 $4,772
2023 $623 $1,678 $847 $4,650
2024 $647 $1,700 - -

Spending and national debt comparison

In 2024, Mozambique's government spending was $7.59B, accounting for 32.2% of its GDP, while Syria's spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 101.1% in Mozambique and 30% in Syria, ranking 21/185 and 159/185, respectively.

Mozambique
Government spending

Government debt
Syria
Government spending

Government debt
Year % of GDP
Mozambique Syria
Government spending Government debt Government spending Government debt
1980 14.2% - - -
1981 23.8% - - -
1982 27% - - -
1983 35.3% - - -
1984 30.9% - - -
1985 21% - - -
1986 24.2% - - -
1987 22.9% - - -
1988 27% - - -
1989 27% - - -
1990 21% - 28.3% 189.8%
1991 17.3% - 34.3% 182.4%
1992 21.1% - 34.2% 173.6%
1993 20.7% - 29.4% 171.9%
1994 22.9% - 30.3% 163%
1995 18.8% - 29.8% 152.6%
1996 14.9% - 27.7% 141.5%
1997 16.5% - 29% 147.6%
1998 14.9% - 28.8% 151.2%
1999 15.6% 94.7% 28% 147.7%
2000 17.2% 95.8% 27.4% 152.1%
2001 20.8% 99.8% 28% 144.5%
2002 18.6% 63.4% 28.5% 132.4%
2003 18.6% 63.2% 32.6% 133.4%
2004 17.8% 50.8% 31.3% 113%
2005 17% 60.1% 28.2% 50.7%
2006 20.1% 40% 26.3% 45%
2007 20.9% 31.2% 25.7% 42.7%
2008 21.3% 32.8% 22.9% 37.3%
2009 25.7% 39.3% 26.7% 31.2%
2010 26.6% 38.6% 28.6% 30%
2011 28.9% 34.2% - -
2012 28.1% 36.7% - -
2013 31.7% 49.5% - -
2014 39.7% 63.4% - -
2015 32.2% 86% - -
2016 28.7% 124.8% - -
2017 28.6% 103.8% - -
2018 31.2% 105.5% - -
2019 28% 98.3% - -
2020 33.9% 120% - -
2021 32.1% 104.3% - -
2022 32.9% 100.3% - -
2023 33.3% 90.8% - -
2024 33.9% 96.6% - -
2025 32.2% 101.1% - -

Government deficit by year

In 2010, Mozambique's government deficit, the difference between spending and revenue, was -$388M, equivalent to -3.4% of GDP. This compares to Syria's deficit of -$4.78B, or -7.79% of GDP.

Over the past 20 years, Mozambique recorded a fiscal deficit in 20 of those years, while Syria ran a deficit in 19 years. On average, Mozambique posted an annual deficit equal to -2.5% of GDP, compared to deficit of -3.38% of GDP for Syria.

Deficit/surplus
Mozambique

Syria
Year Deficit/surplus, % of GDP
Mozambique Syria
1980 -1.47% -
1981 -7.41% -
1982 -3.61% -
1983 -15.8% -
1984 -13.4% -
1985 -9.69% -
1986 -12.1% -
1987 -7.24% -
1988 -6.47% -
1989 -4.23% -
1990 -4.42% -3.92%
1991 -2.01% -6.57%
1992 -1.85% -7.26%
1993 -2.53% -4.96%
1994 -4% -6%
1995 -2.46% -3.81%
1996 -2.07% -2.83%
1997 -1.81% -1.78%
1998 -1.08% -2.81%
1999 -0.31% -1.47%
2000 -1.26% -1.36%
2001 -4.43% 2.3%
2002 -3.36% -2.02%
2003 -2.64% -2.7%
2004 -3.17% -4.18%
2005 -2.06% -4.41%
2006 -3.03% -1.12%
2007 -2.19% -2.99%
2008 -1.9% -2.86%
2009 -4.35% -2.89%
2010 -3.4% -7.79%
2011 -4.34% -
2012 -3.45% -
2013 -2.46% -
2014 -9.75% -
2015 -6.55% -
2016 -5.06% -
2017 -1.99% -
2018 -5.7% -
2019 1.7% -
2020 -6.19% -
2021 -5.23% -
2022 -5.22% -
2023 -4.23% -
2024 -6.38% -
2025 -5.58% -

Inflation comparison by year

Over the past 24 years, Mozambique has recorded an average annual inflation rate of 10.5%, compared with 11.3% in Syria. In 2019, inflation was 4.9% in Mozambique and 13.4% in Syria.

Inflation
Mozambique

Syria
Year Inflation
Mozambique Syria Mozambique Syria
1996 48.5% 8.25%
1997 7.4% 1.89%
1998 1.5% -0.8%
1999 2.9% -3.7%
2000 12.7% -3.85%
2001 9.1% 3%
2002 16.8% -0.13%
2003 13.5% 5.8%
2004 12.6% 4.43%
2005 6.4% 7.24%
2006 13.2% 10%
2007 10.4% 3.91%
2008 14.5% 15.7%
2009 3.8% 2.92%
2010 12.4% 4.4%
2011 11.2% 4.75%
2012 2.6% 36.7%
2013 4.3% 40%
2014 2.6% 10.9%
2015 3.6% 38.5%
2016 18.4% 47.7%
2017 15.8% 18.1%
2018 3.2% 0.94%
2019 5.7% 13.4%
2020 0.9% -
2021 6.6% -
2022 10.4% -
2023 7% -
2024 3.2% -
2025 4.9% -

Top exports between countries

Mozambique
Export category Export value
Syria
Export category Export value
Machinery & equipment $252K
Textiles & consumer goods $132K
Metals $67K
Chemicals & pharma $22K
Wood & paper products $1K

Balance of trade

Mozambique Syria
Current account balance
-$2.49B
2024
-$367M
2010
Current account balance ranking
148/189
2024
100/189
2010
Current account balance, % of GDP
-11.1%
2024
-0.6%
2010
Goods imports
$8.38B
2024
$15.9B
2010
Goods exports
$8.21B
2024
$12.3B
2010
Service imports
$2.11B
2024
$3.53B
2010
Service exports
$1.15B
2024
$7.33B
2010
Imports of goods and services, % of GDP
52.9%
2024
28.8%
2022
Exports of goods and services, % of GDP
42.7%
2024
6.81%
2022

Economic freedom indices

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

Mozambique Syria
Economic freedom 50.7 51.2
Economic freedom ranking 163/197 155/197
Property rights 31.6 2.6
Government integrity 24.9 3.3
Judicial effectiveness 44.9 3.7
Tax burden 75.4 86.2
Government spending 68.8 78.5
Fiscal health 51.9 13.8
Business freedom 37.3 35
Labor freedom 47.7 46.5
Monetary freedom 72.3 60.6
Trade freedom 74 47
Investment freedom 40 0
Financial freedom 40 20

Economic freedom by year comparison

The Economic Freedom Index for Mozambique is 50.7, ranking 163/197, compared to 51.2 for Syria, ranking 155/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Mozambique
Syria
Year Economic freedom index
Mozambique Syria
1995 45.5 -
1996 48.4 42.3
1997 44 43
1998 43 42.2
1999 48.9 39
2000 52.2 37.2
2001 59.2 36.6
2002 57.7 36.3
2003 58.6 41.3
2004 57.2 40.6
2005 54.6 46.3
2006 51.9 51.2
2007 54.7 48.3
2008 55.4 47.2
2009 55.7 51.3
2010 56 49.4
2011 56.8 51.3
2012 57.1 51.2
2013 55 -
2014 55 -
2015 54.8 -
2016 53.2 -
2017 49.9 -
2018 46.3 -
2019 48.6 -
2020 50.5 -
2021 51.6 -
2022 51.3 -
2023 52.5 -
2024 50.7 -
2025 50.7 -

More economic indicators

Mozambique Syria
Services, % of GDP
38.4%
2024
44.9%
2022
Industry, % of GDP
24.6%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
26.3%
2024
43.1%
2022
GNI, Atlas method
$18.9B
2024
$18.2B
2023
GNI per capita, PPP
$1,510
2024
$4,480
2023
Total reserves including gold
$3.84B
2024
$20.6B
2010
Total reserves ranking
108/177
2024
62/177
2010
Net foreign direct investment
-$3.55B
2024
-$1.47B
2010
Net inflows of foreign direct investment
$3.51B
2024
$804M
2011
Net outflows of foreign direct investment
-$44.1M
2024
$0
1989
Servicing debt to the IMF, % of GNI
22.7%
2023
0.15%
2023
Poverty at national poverty lines
65%
2022
35.2%
2007
Gross capital formation, % of GDP
24.1%
2024
16%
1969

GDP per capita map

GDP per capita

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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.