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Economy of Mozambique vs Syria compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $20B for Syria, ranking 123/197 and 129/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $18.4B (30% of GDP) in Syria.

Mozambique vs Syria GDP by year

Mozambique
Syria
1x
Year GDP, current $
Mozambique Syria
2024 $22,745,341,305 -
2023 $20,921,079,533 $19,993,439,950
2022 $18,883,528,581 $23,622,827,080
2021 $16,168,055,475 $14,353,205,678
2020 $14,235,420,174 $12,047,752,036
2019 $15,512,759,047 $22,583,045,060
2018 $15,017,358,953 $21,497,782,868
2017 $13,264,640,646 $16,369,843,352
2016 $12,069,051,237 $12,597,854,877
2015 $16,208,985,770 $16,466,863,117
2014 $17,978,246,586 $21,502,061,466
2013 $17,198,073,057 $21,361,254,635
2012 $16,688,114,144 $43,190,318,033
2011 $14,619,279,989 $67,539,428,159
2010 $11,411,894,724 $61,390,830,875
2009 $12,263,894,790 $54,111,735,629
2008 $12,920,340,965 $52,557,913,569
2007 $10,811,456,006 $40,465,318,382
2006 $9,509,835,537 $33,751,788,856
2005 $8,868,504,900 $28,858,965,517
2004 $7,937,255,565 $25,086,950,495
2003 $6,583,526,861 $21,828,144,686
2002 $5,950,769,427 $20,669,357,462
2001 $5,650,154,067 $20,237,024,725
2000 $5,930,685,215 $18,937,052,543
1999 $6,285,219,691 $15,873,875,969
1998 $5,551,118,149 $15,200,846,154
1997 $4,873,663,775 $14,505,233,463
1996 $4,030,146,135 $13,789,560,878
1995 $3,061,646,174 $11,396,706,587
1994 $2,958,108,170 $10,122,020,000
1993 $2,883,161,897 $13,695,962,055
1992 $2,798,696,511 $13,253,565,861
1991 $3,854,856,435 $12,981,833,333
1990 - $12,308,624,418
1989 - $9,853,395,762
1988 - $10,577,041,645
1987 - $11,356,215,543
1986 - $13,293,205,278
1985 - $16,403,539,893
1984 - $17,503,078,174
1983 - $17,589,277,143
1982 - $16,298,929,011
1981 - $15,518,201,335
1980 - $13,062,420,382
1979 - $9,929,681,529
1978 - $9,275,200,458
1977 - $7,696,011,396
1976 - $7,633,528,867
1975 - $6,826,980,444
1974 - $5,159,557,148
1973 - $3,239,487,516
1972 - $3,059,681,698
1971 - $2,589,851,325
1970 - $2,140,384,010
1969 - $2,245,011,515
1968 - $1,753,746,430
1967 - $1,580,229,799
1966 - $1,342,287,553
1965 - $1,472,036,540
1964 - $1,339,494,267
1963 - $1,200,447,408
1962 - $1,110,565,881
1961 - $945,244,972
1960 - $857,704,413

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

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

GDP per capita in Mozambique vs Syria by year

Mozambique
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 - -
2023 $622 $1,678 $847 $4,650
2022 $578 $1,582 $1,052 $4,772
2021 $510 $1,457 $664 $4,593
2020 $462 $1,412 $572 $3,738
2019 $519 $1,389 $1,110 $3,502
2018 $518 $1,326 $1,098 $3,456
2017 $471 $1,283 $852 $3,265
2016 $441 $1,379 $656 -
2015 $611 $1,318 $848 -
2014 $697 $1,166 $1,061 -
2013 $687 $1,114 $986 -
2012 $686 $1,076 $1,898 -
2011 $618 $1,064 $2,952 -
2010 $496 $1,000 $2,731 -
2009 $548 $951 $2,462 -
2008 $592 $916 $2,429 -
2007 $508 $862 $1,938 -
2006 $457 $798 $1,719 -
2005 $437 $721 $1,534 -
2004 $400 $673 $1,368 -
2003 $339 $620 $1,220 -
2002 $314 $580 $1,183 -
2001 $305 $533 $1,187 -
2000 $327 $472 $1,138 -
1999 $354 $468 $978 -
1998 $320 $422 $961 -
1997 $287.5 $387 $941 -
1996 $244.4 $350 $918 -
1995 $191.8 $321 $780 -
1994 $196.8 $326 $712 -
1993 $205.2 $321 $993 -
1992 $205.6 $292 $990 -
1991 $288.7 $315 $1,000 -
1990 - $296 $978 -
1989 - - $809 -
1988 - - $898 -
1987 - - $997 -
1986 - - $1,208 -
1985 - - $1,544 -
1984 - - $1,706 -
1983 - - $1,776 -
1982 - - $1,703 -
1981 - - $1,676 -
1980 - - $1,458 -
1979 - - $1,146 -
1978 - - $1,108 -
1977 - - $951 -
1976 - - $976 -
1975 - - $904 -
1974 - - $707 -
1973 - - $459 -
1972 - - $448 -
1971 - - $393 -
1970 - - $335 -
1969 - - $364 -
1968 - - $293.3 -
1967 - - $272.9 -
1966 - - $239.3 -
1965 - - $270.8 -
1964 - - $254.2 -
1963 - - $234.9 -
1962 - - $223.9 -
1961 - - $196.3 -
1960 - - $183.5 -

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

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

Mozambique's GDP per capita is $657, ranking 189/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Syria ranks 160th at $4,650.

Economic indicators

Mozambique Syria
Gross domestic product
$22.7B
2024
$20B
2023
GDP rank
123/197
2024
129/197
2023
GDP growth
2.15%
2023-2024
-1.21%
2022-2023
GDP per capita
$657
2024
$847
2023
GDP per capita rank
189/197
2024
185/197
2023
GDP per capita, PPP
$1,705
2024
$4,650
2023
GDP per capita PPP rank
192/197
2024
160/197
2023
Government debt
$21.2B
2024
$18.4B
2010
Debt-to-GDP ratio
93.2%
2024
30%
2010
Government debt per person
$612
2024
$820
2010
Government debt per person rank
159/185
2024
148/185
2010
Average annual personal income after taxes
$1,778
2026
$730
2026
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
33.2%
2024
28.6%
2010
Consumer prices inflation
3.2%
2023-2024
13.4%
2018-2019
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
6.79%
2022
8.61%
2010
Population
36941128
26829400

Spending and national debt comparison by year

Mozambique
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Mozambique Syria
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% - -
2023 33.3% 90.9% - -
2022 32.9% 100.3% - -
2021 32.1% 104.3% - -
2020 33.9% 120% - -
2019 28% 98.3% - -
2018 32.9% 105.5% - -
2017 29.5% 103.8% - -
2016 29.1% 124.8% - -
2015 32.2% 86% - -
2014 39.7% 63.4% - -
2013 31.7% 49.5% - -
2012 28.1% 36.7% - -
2011 28.9% 34.2% - -
2010 26.7% 38.6% 28.6% 30%
2009 25.7% 39.3% 26.7% 31.2%
2008 21.3% 32.8% 22.9% 37.3%
2007 20.9% 31.2% 25.7% 42.7%
2006 20.1% 40% 26.3% 45%
2005 17% 60.1% 28.2% 50.7%
2004 17.8% 50.8% 31.3% 113%
2003 18.6% 63.2% 32.6% 133.4%
2002 18.6% 63.4% 28.5% 132.4%
2001 20.8% 99.8% 28% 144.5%
2000 17.2% 95.8% 27.4% 152.1%
1999 15.6% 94.7% 28% 147.7%
1998 14.9% - 28.8% 151.2%
1997 16.5% - 29% 147.6%
1996 14.9% - 27.7% 141.5%
1995 18.8% - 29.8% 152.6%
1994 22.9% - 30.3% 163%
1993 20.7% - 29.4% 171.9%
1992 21.1% - 34.2% 173.6%
1991 17.3% - 34.3% 182.4%
1990 21% - 28.3% 189.8%
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/syria | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 30% in Syria, ranking 28/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Syria
1x
Year Deficit/surplus, % of GDP
Mozambique Syria
2024 -6.17% -
2023 -4.26% -
2022 -5.22% -
2021 -5.23% -
2020 -6.19% -
2019 1.7% -
2018 -7.39% -
2017 -2.9% -
2016 -5.42% -
2015 -6.55% -
2014 -9.75% -
2013 -2.46% -
2012 -3.45% -
2011 -4.34% -
2010 -3.5% -7.79%
2009 -4.35% -2.89%
2008 -1.9% -2.86%
2007 -2.19% -2.99%
2006 -3.03% -1.12%
2005 -2.06% -4.41%
2004 -3.17% -4.18%
2003 -2.64% -2.7%
2002 -3.36% -2.02%
2001 -4.43% 2.3%
2000 -1.26% -1.36%
1999 -0.31% -1.47%
1998 -1.08% -2.81%
1997 -1.81% -1.78%
1996 -2.07% -2.83%
1995 -2.46% -3.81%
1994 -4% -6%
1993 -2.53% -4.96%
1992 -1.85% -7.26%
1991 -2.01% -6.57%
1990 -4.42% -3.92%
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/syria | CC BY

In 2010, Mozambique's government deficit, the difference between spending and revenue, was $399M, equivalent to 3.5% 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.

Inflation comparison by year

Inflation
Mozambique

Syria
1x
Year Consumer prices inflation
Mozambique Syria
2024 3.2% -
2023 7% -
2022 10.4% -
2021 6.6% -
2020 0.9% -
2019 5.7% 13.4%
2018 3.2% 0.94%
2017 15.8% 18.1%
2016 18.4% 47.7%
2015 3.6% 38.5%
2014 2.6% 10.9%
2013 4.3% 40%
2012 2.6% 36.7%
2011 11.2% 4.75%
2010 12.4% 4.4%
2009 3.8% 2.92%
2008 14.5% 15.7%
2007 10.4% 3.91%
2006 13.2% 10%
2005 6.4% 7.24%
2004 12.6% 4.43%
2003 13.5% 5.8%
2002 16.8% -0.13%
2001 9.1% 3%
2000 12.7% -3.85%
1999 2.9% -3.7%
1998 1.5% -0.8%
1997 7.4% 1.89%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Mozambique has recorded an average annual inflation rate of 8.9%, compared with 11.4% in Syria. In 2019, inflation was 3.2% in Mozambique and 13.4% in Syria.

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
150/190
2024
103/190
2010
Current account balance, % of GDP
-11%
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
52.8%
2024
28.8%
2022
Exports of goods and services, % of GDP
42.8%
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 49.6 51.2
Economic freedom ranking 164/197 155/197
Property rights 29.7 4
Government integrity 25.1 3.6
Judicial effectiveness 43.4 3.7
Tax burden 75.8 87.3
Government spending 67 78.5
Fiscal health 39.1 13.8
Business freedom 40.2 33.8
Labor freedom 47.7 37.2
Monetary freedom 76.2 80
Trade freedom 71.2 47
Investment freedom 40 0
Financial freedom 40 20

Economic freedom comparison by year

Mozambique
Syria
1x
Year Economic freedom index
Mozambique Syria
2026 49.6 -
2025 50.7 -
2024 50.7 -
2023 52.5 -
2022 51.3 -
2021 51.6 -
2020 50.5 -
2019 48.6 -
2018 46.3 -
2017 49.9 -
2016 53.2 -
2015 54.8 -
2014 55 -
2013 55 -
2012 57.1 51.2
2011 56.8 51.3
2010 56 49.4
2009 55.7 51.3
2008 55.4 47.2
2007 54.7 48.3
2006 51.9 51.2
2005 54.6 46.3
2004 57.2 40.6
2003 58.6 41.3
2002 57.7 36.3
2001 59.2 36.6
2000 52.2 37.2
1999 48.9 39
1998 43 42.2
1997 44 43
1996 48.4 42.3
1995 45.5 -

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

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Syria
Services, % of GDP
41.1%
2024
44.9%
2022
Industry, % of GDP
21.9%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
43.1%
2022
GNI, Atlas method
$19.1B
2024
$18.2B
2023
GNI per capita, PPP
$1,520
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
$0
2024
Net outflows of foreign direct investment
-$44.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
0.15%
2023
Poverty at national poverty lines
65%
2022
35.2%
2007
Gross capital formation, % of GDP
17.7%
2024
16%
1969

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/syria | 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 (2010, 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.