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Economy of Mozambique vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $25.6B for Trinidad and Tobago, ranking 123/197 and 115/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Mozambique vs Trinidad and Tobago GDP by year

Mozambique
Trinidad and Tobago
1x
Year GDP, current $
Mozambique Trinidad
2024 $22,745,341,305 $25,633,544,529
2023 $20,921,079,533 $25,036,993,423
2022 $18,883,528,581 $28,341,164,301
2021 $16,168,055,475 $24,222,963,263
2020 $14,235,420,174 $20,888,515,184
2019 $15,512,759,047 $23,477,745,792
2018 $15,017,358,953 $23,883,058,083
2017 $13,264,640,646 $23,830,750,901
2016 $12,069,051,237 $23,624,322,193
2015 $16,208,985,770 $26,841,141,793
2014 $17,978,246,586 $29,474,180,005
2013 $17,198,073,057 $28,560,537,057
2012 $16,688,114,144 $27,147,349,937
2011 $14,619,279,989 $25,433,007,437
2010 $11,411,894,724 $22,157,920,592
2009 $12,263,894,790 $19,172,165,226
2008 $12,920,340,965 $27,871,587,350
2007 $10,811,456,006 $21,641,620,050
2006 $9,509,835,537 $18,369,361,094
2005 $8,868,504,900 $15,982,389,018
2004 $7,937,255,565 $13,280,291,990
2003 $6,583,526,861 $11,305,459,802
2002 $5,950,769,427 $9,008,298,229
2001 $5,650,154,067 $8,824,849,191
2000 $5,930,685,215 $8,154,342,116
1999 $6,285,219,691 $6,808,982,521
1998 $5,551,118,149 $6,043,686,654
1997 $4,873,663,775 $5,737,771,523
1996 $4,030,146,135 $5,759,570,336
1995 $3,061,646,174 $5,329,217,747
1994 $2,958,108,170 $4,947,181,646
1993 $2,883,161,897 $4,669,491,134
1992 $2,798,696,511 $5,439,552,941
1991 $3,854,856,435 $5,307,905,882
1990 - $5,068,000,000
1989 - $4,323,058,824
1988 - $4,496,910,569
1987 - $4,797,777,778
1986 - $4,794,444,444
1985 - $7,375,918,367
1984 - $7,757,083,333
1983 - $7,763,750,000
1982 - $8,140,416,667
1981 - $6,992,083,333
1980 - $6,235,833,333
1979 - $4,602,416,625
1978 - $3,562,333,458
1977 - $3,138,666,667
1976 - $2,500,424,955
1975 - $2,442,669,825
1974 - $2,042,001,071
1973 - $1,308,785,431
1972 - $1,083,391,758
1971 - $896,765,215
1970 - $821,850,000
1969 - $779,200,000
1968 - $758,899,950
1967 - $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/mozambique/trinidad-and-tobago | CC BY

GDP per capita in Mozambique vs Trinidad and Tobago by year

Mozambique
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $18,733 $36,329
2023 $622 $1,678 $18,308 $34,623
2022 $578 $1,582 $20,751 $32,979
2021 $510 $1,457 $17,713 $30,482
2020 $462 $1,412 $15,284 $26,731
2019 $519 $1,389 $17,213 $29,316
2018 $518 $1,326 $17,571 $28,673
2017 $471 $1,283 $17,566 $28,484
2016 $441 $1,379 $17,449 $28,232
2015 $611 $1,318 $19,887 $29,825
2014 $697 $1,166 $21,908 $32,027
2013 $687 $1,114 $21,305 $31,746
2012 $686 $1,076 $20,332 $31,883
2011 $618 $1,064 $19,151 $31,078
2010 $496 $1,000 $16,815 $30,778
2009 $548 $951 $14,634 $29,602
2008 $592 $916 $21,299 $30,807
2007 $508 $862 $16,607 $29,355
2006 $457 $798 $14,153 $27,393
2005 $437 $721 $12,346 $23,536
2004 $400 $673 $9,871 $20,674
2003 $339 $620 $8,445 $18,743
2002 $314 $580 $6,763 $16,141
2001 $305 $533 $6,657 $14,797
2000 $327 $472 $6,179 $13,953
1999 $354 $468 $5,179 $12,812
1998 $320 $422 $4,613 $11,735
1997 $287.5 $387 $4,394 $10,769
1996 $244.4 $350 $4,427 $9,883
1995 $191.8 $321 $4,115 $9,099
1994 $196.8 $326 $3,840 $8,631
1993 $205.2 $321 $3,647 $8,209
1992 $205.6 $292 $4,277 $8,129
1991 $288.7 $315 $4,205 $7,274
1990 - $296 $4,047 $6,878
1989 - - $3,482 -
1988 - - $3,656 -
1987 - - $3,941 -
1986 - - $3,985 -
1985 - - $6,212 -
1984 - - $6,613 -
1983 - - $6,690 -
1982 - - $7,091 -
1981 - - $6,160 -
1980 - - $5,559 -
1979 - - $4,155 -
1978 - - $3,258 -
1977 - - $2,907 -
1976 - - $2,345 -
1975 - - $2,319 -
1974 - - $1,962 -
1973 - - $1,273 -
1972 - - $1,067 -
1971 - - $894 -
1970 - - $829 -
1969 - - $795 -
1968 - - $783 -
1967 - - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/mozambique/trinidad-and-tobago | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Mozambique Trinidad
Gross domestic product
$22.7B
2024
$25.6B
2024
GDP rank
123/197
2024
115/197
2024
GDP growth
2.15%
2023-2024
2.51%
2023-2024
GDP per capita
$657
2024
$18,733
2024
GDP per capita rank
189/197
2024
61/197
2024
GDP per capita, PPP
$1,705
2024
$36,329
2024
GDP per capita PPP rank
192/197
2024
62/197
2024
Government debt
$21.2B
2024
$16.5B
2024
Debt-to-GDP ratio
93.2%
2024
64.2%
2024
Government debt per person
$612
2024
$12,028
2024
Government debt per person rank
159/185
2024
45/185
2024
Average annual personal income after taxes
$1,778
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
40.8%
2022
29.9%
1992
Income share by poorest 10%
1.7%
2022
2.1%
1992
Government expenditure, % of GDP
33.2%
2024
32.3%
2024
Consumer prices inflation
3.2%
2023-2024
0.53%
2023-2024
Central bank interest rate
9.75%
2025
3.5%
2020
Unemployment rate
6.79%
2022
4.01%
2024
Population
36941128
1374840

Spending and national debt comparison by year

Mozambique
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Mozambique Trinidad
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 32.3% 64.2%
2023 33.3% 90.9% 33.5% 62.2%
2022 32.9% 100.3% 27.2% 51.3%
2021 32.1% 104.3% 30.3% 58.4%
2020 33.9% 120% 36.2% 62.5%
2019 28% 98.3% 31.2% 46.2%
2018 32.9% 105.5% 30.2% 41.5%
2017 29.5% 103.8% 30.7% 39.8%
2016 29.1% 124.8% 31.9% 35.4%
2015 32.2% 86% 35% 27.1%
2014 39.7% 63.4% 32.8% 23.5%
2013 31.7% 49.5% 31.3% 21.6%
2012 28.1% 36.7% 29.5% 21.8%
2011 28.9% 34.2% 29.4% 26.4%
2010 26.7% 38.6% 30.4% 16.8%
2009 25.7% 39.3% 37% 20.7%
2008 21.3% 32.8% 26.7% 13.5%
2007 20.9% 31.2% 25.7% 16.2%
2006 20.1% 40% 31.6% 16.9%
2005 17% 60.1% 26.7% 19.8%
2004 17.8% 50.8% 22.5% 24.2%
2003 18.6% 63.2% 22.2% 30.2%
2002 18.6% 63.4% 24.4% 37%
2001 20.8% 99.8% 24.8% 36.6%
2000 17.2% 95.8% 23.1% 38.9%
1999 15.6% 94.7% 24.1% 42.2%
1998 14.9% - 26.9% 42.8%
1997 16.5% - 27.2% 46.1%
1996 14.9% - 27.6% 47%
1995 18.8% - 26.2% 50.1%
1994 22.9% - 25.4% 52.6%
1993 20.7% - 26.9% 58.8%
1992 21.1% - 28.6% 49.2%
1991 17.3% - 29.6% 49.5%
1990 21% - 26.9% 47.7%
1989 27% - 30.9% 51.9%
1988 27% - 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 64.2% in Trinidad and Tobago, ranking 28/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Mozambique Trinidad
2024 -6.17% -5.24%
2023 -4.26% -1.24%
2022 -5.22% 0.92%
2021 -5.23% -8.1%
2020 -6.19% -12.2%
2019 1.7% -3.74%
2018 -7.39% -5.89%
2017 -2.9% -10.4%
2016 -5.42% -10.1%
2015 -6.55% -7.56%
2014 -9.75% -4.31%
2013 -2.46% -2.67%
2012 -3.45% -1.26%
2011 -4.34% -0.67%
2010 -3.5% 0.13%
2009 -4.35% -5.42%
2008 -1.9% 5.39%
2007 -2.19% 3.12%
2006 -3.03% 1.56%
2005 -2.06% 2.36%
2004 -3.17% 1.84%
2003 -2.64% 1.8%
2002 -3.36% -0.2%
2001 -4.43% 0.61%
2000 -1.26% 0.17%
1999 -0.31% -0.88%
1998 -1.08% -1.8%
1997 -1.81% 0.11%
1996 -2.07% -0.45%
1995 -2.46% 0.17%
1994 -4% -0.02%
1993 -2.53% 0.23%
1992 -1.85% -2.74%
1991 -2.01% -0.21%
1990 -4.42% -1.27%
1989 -4.23% -4.46%
1988 -6.47% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while Trinidad and Tobago ran a deficit in 21 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 1.96% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Mozambique

Trinidad and Tobago
1x
Year Consumer prices inflation
Mozambique Trinidad
2024 3.2% 0.53%
2023 7% 4.63%
2022 10.4% 5.83%
2021 6.6% 2.06%
2020 0.9% 0.6%
2019 5.7% 1%
2018 3.2% 1.02%
2017 15.8% 1.88%
2016 18.4% 3.07%
2015 3.6% 4.66%
2014 2.6% 5.68%
2013 4.3% 5.2%
2012 2.6% 9.26%
2011 11.2% 5.11%
2010 12.4% 10.5%
2009 3.8% 6.98%
2008 14.5% 12%
2007 10.4% 7.89%
2006 13.2% 8.33%
2005 6.4% 6.87%
2004 12.6% 3.72%
2003 13.5% 3.81%
2002 16.8% 4.15%
2001 9.1% 5.54%
2000 12.7% 3.56%
1999 2.9% 3.44%
1998 1.5% 5.61%
1997 7.4% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 3.2% in Mozambique and 0.53% in Trinidad and Tobago.

Top exports between countries

Mozambique
Export category Export value
Machinery & equipment $2K
Trinidad
Export category Export value
Machinery & equipment $18K
Miscellaneous $15K
Metals $3K

Balance of trade

Mozambique Trinidad
Current account balance
-$2.49B
2024
$645M
2024
Current account balance ranking
150/190
2024
58/190
2024
Current account balance, % of GDP
-11%
2024
+2.52%
2024
Goods imports
$8.38B
2024
$7.54B
2024
Goods exports
$8.21B
2024
$10B
2024
Service imports
$2.11B
2024
$2.71B
2024
Service exports
$1.15B
2024
$1.26B
2024
Imports of goods and services, % of GDP
52.8%
2024
n/a
Exports of goods and services, % of GDP
42.8%
2024
45%
2025

Economic freedom indices

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

Mozambique Trinidad
Economic freedom 49.6 62.4
Economic freedom ranking 164/197 87/197
Property rights 29.7 47.3
Government integrity 25.1 45.5
Judicial effectiveness 43.4 58.8
Tax burden 75.8 76.1
Government spending 67 71.1
Fiscal health 39.1 86.3
Business freedom 40.2 67.1
Labor freedom 47.7 57.2
Monetary freedom 76.2 81
Trade freedom 71.2 68.8
Investment freedom 40 50
Financial freedom 40 40

Economic freedom comparison by year

Mozambique
Trinidad and Tobago
1x
Year Economic freedom index
Mozambique Trinidad
2026 49.6 62.4
2025 50.7 63.6
2024 50.7 60.4
2023 52.5 59.5
2022 51.3 58.8
2021 51.6 59
2020 50.5 58.3
2019 48.6 57
2018 46.3 57.7
2017 49.9 61.2
2016 53.2 62.9
2015 54.8 64.1
2014 55 62.7
2013 55 62.3
2012 57.1 64.4
2011 56.8 66.5
2010 56 65.7
2009 55.7 68
2008 55.4 69.5
2007 54.7 70.6
2006 51.9 70.4
2005 54.6 71.5
2004 57.2 71.3
2003 58.6 68.8
2002 57.7 70.1
2001 59.2 71.8
2000 52.2 74.5
1999 48.9 72.4
1998 43 72
1997 44 71.3
1996 48.4 69.2
1995 45.5 -

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

GeoRank.org/economy/mozambique/trinidad-and-tobago | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Trinidad
Services, % of GDP
41.1%
2024
59.2%
2024
Industry, % of GDP
21.9%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
0.78%
2024
GNI, Atlas method
$19.1B
2024
$27B
2024
GNI per capita, PPP
$1,520
2024
$36,580
2024
Total reserves including gold
$3.84B
2024
$5.6B
2024
Total reserves ranking
108/177
2024
94/177
2024
Net foreign direct investment
-$3.55B
2024
$980M
2024
Net inflows of foreign direct investment
$3.51B
2024
-$453M
2024
Net outflows of foreign direct investment
-$44.1M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
20%
2020
Gross capital formation, % of GDP
17.7%
2024
19%
2023

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/trinidad-and-tobago | 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.