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Economy of Mozambique vs Tanzania compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $78.8B for Tanzania, ranking 123/197 and 82/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Mozambique vs Tanzania GDP by year

Mozambique
Tanzania
1x
Year GDP, current $
Mozambique Tanzania
2024 $22,745,341,305 $78,844,405,385
2023 $20,921,079,533 $79,030,935,627
2022 $18,883,528,581 $75,749,121,843
2021 $16,168,055,475 $70,655,628,148
2020 $14,235,420,174 $66,068,737,786
2019 $15,512,759,047 $61,026,731,926
2018 $15,017,358,953 $57,003,712,892
2017 $13,264,640,646 $53,274,884,533
2016 $12,069,051,237 $49,774,409,374
2015 $16,208,985,770 $47,413,919,817
2014 $17,978,246,586 $49,986,726,461
2013 $17,198,073,057 $45,648,857,242
2012 $16,688,114,144 $39,650,394,363
2011 $14,619,279,989 $34,657,140,096
2010 $11,411,894,724 $32,012,892,919
2009 $12,263,894,790 $29,400,573,554
2008 $12,920,340,965 $27,947,821,398
2007 $10,811,456,006 $21,860,434,823
2006 $9,509,835,537 $18,619,859,795
2005 $8,868,504,900 $18,395,383,647
2004 $7,937,255,565 $16,673,062,473
2003 $6,583,526,861 $15,211,487,709
2002 $5,950,769,427 $14,129,651,896
2001 $5,650,154,067 $13,563,990,022
2000 $5,930,685,215 $13,371,767,082
1999 $6,285,219,691 $12,704,334,196
1998 $5,551,118,149 $12,172,790,056
1997 $4,873,663,775 $11,158,197,942
1996 $4,030,146,135 $9,433,528,150
1995 $3,061,646,174 $7,631,431,840
1994 $2,958,108,170 $6,550,480,484
1993 $2,883,161,897 $6,182,872,708
1992 $2,798,696,511 $6,681,997,469
1991 $3,854,856,435 $7,197,768,159
1990 - $6,184,384,225
1989 - $6,418,799,007
1988 - $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Mozambique vs Tanzania by year

Mozambique
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $1,150 $4,221
2023 $622 $1,678 $1,186 $4,019
2022 $578 $1,582 $1,171 $3,800
2021 $510 $1,457 $1,125 $3,493
2020 $462 $1,412 $1,084 $3,291
2019 $519 $1,389 $1,031 $2,982
2018 $518 $1,326 $992 $2,728
2017 $471 $1,283 $957 $2,472
2016 $441 $1,379 $925 $2,435
2015 $611 $1,318 $911 $2,317
2014 $697 $1,166 $993 $2,221
2013 $687 $1,114 $935 $2,176
2012 $686 $1,076 $837 $2,083
2011 $618 $1,064 $753 $2,211
2010 $496 $1,000 $715 $2,069
2009 $548 $951 $674 $1,972
2008 $592 $916 $657 $1,908
2007 $508 $862 $528 $1,820
2006 $457 $798 $462 $1,707
2005 $437 $721 $469 $1,598
2004 $400 $673 $438 $1,482
2003 $339 $620 $410 $1,379
2002 $314 $580 $391 $1,302
2001 $305 $533 $385 $1,229
2000 $327 $472 $390 $1,164
1999 $354 $468 $382 $1,120
1998 $320 $422 $375 $1,082
1997 $287.5 $387 $353 $1,059
1996 $244.4 $350 $305 $1,026
1995 $191.8 $321 $251.2 $981
1994 $196.8 $326 $222.5 $958
1993 $205.2 $321 $218.2 $959
1992 $205.6 $292 $243.4 $955
1991 $288.7 $315 $268.8 $952
1990 - $296 $236.9 $925
1989 - - $252.3 -
1988 - - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

Mozambique's GDP per capita is $657, ranking 189/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Tanzania ranks 165th at $4,221.

Economic indicators

Mozambique Tanzania
Gross domestic product
$22.7B
2024
$78.8B
2024
GDP rank
123/197
2024
82/197
2024
GDP growth
2.15%
2023-2024
5.53%
2023-2024
GDP per capita
$657
2024
$1,150
2024
GDP per capita rank
189/197
2024
170/197
2024
GDP per capita, PPP
$1,705
2024
$4,221
2024
GDP per capita PPP rank
192/197
2024
165/197
2024
Government debt
$21.2B
2024
$39.3B
2024
Debt-to-GDP ratio
93.2%
2024
49.9%
2024
Government debt per person
$612
2024
$573
2024
Government debt per person rank
159/185
2024
160/185
2024
Average annual personal income after taxes
$1,778
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
40.8%
2022
33.1%
2018
Income share by poorest 10%
1.7%
2022
2.9%
2018
Government expenditure, % of GDP
33.2%
2024
19.1%
2024
Consumer prices inflation
3.2%
2023-2024
3.06%
2023-2024
Central bank interest rate
9.75%
2025
6%
2024
Unemployment rate
6.79%
2022
2.43%
2024
Population
36941128
73145892

Spending and national debt comparison by year

Mozambique
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Mozambique Tanzania
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 19.1% 49.9%
2023 33.3% 90.9% 19% 47.8%
2022 32.9% 100.3% 19.1% 44.9%
2021 32.1% 104.3% 18.4% 43.4%
2020 33.9% 120% 17.4% 41.3%
2019 28% 98.3% 17.3% 40.4%
2018 32.9% 105.5% 17.3% 42%
2017 29.5% 103.8% 16.4% 40.1%
2016 29.1% 124.8% 16.9% 39.8%
2015 32.2% 86% 17.2% 39.5%
2014 39.7% 63.4% 17.3% 36.4%
2013 31.7% 49.5% 18.8% 32.7%
2012 28.1% 36.7% 19.6% 30%
2011 28.9% 34.2% 19% 28.4%
2010 26.7% 38.6% 19.8% 27.6%
2009 25.7% 39.3% 19.6% 23.9%
2008 21.3% 32.8% 18.1% 21.6%
2007 20.9% 31.2% 17.8% 23.8%
2006 20.1% 40% 17.6% 17.4%
2005 17% 60.1% 18.3% 25.4%
2004 17.8% 50.8% 17% 44.5%
2003 18.6% 63.2% 15.4% 44.4%
2002 18.6% 63.4% 13.6% 47.4%
2001 20.8% 99.8% 12.4% 50.8%
2000 17.2% 95.8% 12.3% 55.4%
1999 15.6% 94.7% 12.8% 62.9%
1998 14.9% - 11.4% 62.2%
1997 16.5% - 12.8% 73.4%
1996 14.9% - 13.4% 89.6%
1995 18.8% - 15.6% 111.1%
1994 22.9% - 16.8% 126%
1993 20.7% - 16.4% 129.2%
1992 21.1% - 17.6% 117.6%
1991 17.3% - 14.2% 106.5%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–2000, retrieved 2026-02-20).

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

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 49.9% in Tanzania, ranking 28/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Tanzania
1x
Year Deficit/surplus, % of GDP
Mozambique Tanzania
2024 -6.17% -3.03%
2023 -4.26% -3.67%
2022 -5.22% -3.92%
2021 -5.23% -3.55%
2020 -6.19% -2.56%
2019 1.7% -2.06%
2018 -7.39% -2.01%
2017 -2.9% -1.14%
2016 -5.42% -2.08%
2015 -6.55% -3.17%
2014 -9.75% -2.91%
2013 -2.46% -3.76%
2012 -3.45% -4%
2011 -4.34% -3.51%
2010 -3.5% -4.74%
2009 -4.35% -4.46%
2008 -1.9% -1.92%
2007 -2.19% -1.44%
2006 -3.03% -3.38%
2005 -2.06% -3.28%
2004 -3.17% -2.43%
2003 -2.64% -1.77%
2002 -3.36% -0.73%
2001 -4.43% -0.41%
2000 -1.26% -0.73%
1999 -0.31% -1.14%
1998 -1.08% 0.13%
1997 -1.81% -0.03%
1996 -2.07% 1.57%
1995 -2.46% -2.12%
1994 -4% -3.74%
1993 -2.53% -2.02%
1992 -1.85% -4.96%
1991 -2.01% 0.6%
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/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Tanzania ran a deficit in 31 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 2.3% of GDP for Tanzania.

Inflation comparison by year

Inflation
Mozambique

Tanzania
1x
Year Consumer prices inflation
Mozambique Tanzania
2024 3.2% 3.06%
2023 7% 3.8%
2022 10.4% 4.35%
2021 6.6% 3.69%
2020 0.9% 3.29%
2019 5.7% 3.46%
2018 3.2% 3.49%
2017 15.8% 5.32%
2016 18.4% 5.17%
2015 3.6% 5.59%
2014 2.6% 6.13%
2013 4.3% 7.87%
2012 2.6% 16%
2011 11.2% 12.7%
2010 12.4% 6.2%
2009 3.8% 12.1%
2008 14.5% 10.3%
2007 10.4% 7.03%
2006 13.2% 7.25%
2005 6.4% 5.03%
2004 12.6% 4.74%
2003 13.5% 5.3%
2002 16.8% 5.32%
2001 9.1% 5.15%
2000 12.7% 5.92%
1999 2.9% 7.89%
1998 1.5% 12.8%
1997 7.4% 16.1%

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/tanzania | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 6.97% in Tanzania. In 2024, inflation was 3.2% in Mozambique and 3.06% in Tanzania.

Top exports between countries

Mozambique
Export category Export value
Metals $2.22M
Raw agricultural goods $1.35M
Processed food, beverages & tobacco $687K
Machinery & equipment $613K
Wood & paper products $204K
Textiles & consumer goods $82K
Weapons & explosives $70K
Chemicals & pharma $68K
Animal & marine products $42K
Raw materials & minerals $29K
Tanzania
Export category Export value
Processed food, beverages & tobacco $9.82M
Textiles & consumer goods $8.62M
Metals $6.95M
Chemicals & pharma $5.86M
Raw materials & minerals $4.6M
Machinery & equipment $1.98M
Miscellaneous $890K
Wood & paper products $510K
Raw agricultural goods $412K
Animal & marine products $51K

Balance of trade

Mozambique Tanzania
Current account balance
-$2.49B
2024
-$2.38B
2024
Current account balance ranking
150/190
2024
147/190
2024
Current account balance, % of GDP
-11%
2024
-3.02%
2024
Goods imports
$8.38B
2024
$14.2B
2024
Goods exports
$8.21B
2024
$9.12B
2024
Service imports
$2.11B
2024
$2.8B
2024
Service exports
$1.15B
2024
$6.85B
2024
Imports of goods and services, % of GDP
52.8%
2024
21.7%
2024
Exports of goods and services, % of GDP
42.8%
2024
19.8%
2024

Economic freedom indices

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

Mozambique Tanzania
Economic freedom 49.6 59
Economic freedom ranking 164/197 106/197
Property rights 29.7 45.2
Government integrity 25.1 40.9
Judicial effectiveness 43.4 29.6
Tax burden 75.8 80.4
Government spending 67 89.1
Fiscal health 39.1 75
Business freedom 40.2 48.1
Labor freedom 47.7 62.3
Monetary freedom 76.2 73.4
Trade freedom 71.2 58.8
Investment freedom 40 55
Financial freedom 40 50

Economic freedom comparison by year

Mozambique
Tanzania
1x
Year Economic freedom index
Mozambique Tanzania
2026 49.6 59
2025 50.7 59.3
2024 50.7 59.1
2023 52.5 60
2022 51.3 59.5
2021 51.6 61.3
2020 50.5 61.7
2019 48.6 60.2
2018 46.3 59.9
2017 49.9 58.6
2016 53.2 58.5
2015 54.8 57.5
2014 55 57.8
2013 55 57.9
2012 57.1 57
2011 56.8 57
2010 56 58.3
2009 55.7 58.3
2008 55.4 56.5
2007 54.7 56.8
2006 51.9 58.5
2005 54.6 56.3
2004 57.2 60.1
2003 58.6 56.9
2002 57.7 58.3
2001 59.2 54.9
2000 52.2 56
1999 48.9 60
1998 43 59.6
1997 44 59.3
1996 48.4 57.5
1995 45.5 57.3

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

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

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Tanzania
Services, % of GDP
41.1%
2024
29.6%
2024
Industry, % of GDP
21.9%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
23.3%
2024
GNI, Atlas method
$19.1B
2024
$80.2B
2024
GNI per capita, PPP
$1,520
2024
$4,130
2024
Total reserves including gold
$3.84B
2024
$5.05B
2018
Total reserves ranking
108/177
2024
101/177
2018
Net foreign direct investment
-$3.55B
2024
-$1.72B
2024
Net inflows of foreign direct investment
$3.51B
2024
$1.72B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
2.57%
2024
Poverty at national poverty lines
65%
2022
26.4%
2018
Gross capital formation, % of GDP
17.7%
2024
39.8%
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/tanzania | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–2000, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (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.