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Economy of Mozambique vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $552B for the United Arab Emirates, ranking 123/197 and 27/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Mozambique vs United Arab Emirates GDP by year

Mozambique
United Arab Emirates
1x
Year GDP, current $
Mozambique UAE
2024 $22,745,341,305 $552,324,846,835
2023 $20,921,079,533 $522,622,191,967
2022 $18,883,528,581 $511,403,403,676
2021 $16,168,055,475 $422,441,388,700
2020 $14,235,420,174 $357,161,878,829
2019 $15,512,759,047 $433,926,208,305
2018 $15,017,358,953 $440,560,108,918
2017 $13,264,640,646 $403,365,010,211
2016 $12,069,051,237 $381,717,086,453
2015 $16,208,985,770 $381,973,042,886
2014 $17,978,246,586 $424,935,874,745
2013 $17,198,073,057 $409,632,675,289
2012 $16,688,114,144 $392,793,464,942
2011 $14,619,279,989 $368,881,143,635
2010 $11,411,894,724 $307,736,419,333
2009 $12,263,894,790 $253,547,358,747
2008 $12,920,340,965 $315,474,615,739
2007 $10,811,456,006 $257,916,133,424
2006 $9,509,835,537 $222,116,541,865
2005 $8,868,504,900 $180,617,467,965
2004 $7,937,255,565 $147,824,370,320
2003 $6,583,526,861 $124,346,358,067
2002 $5,950,769,427 $109,816,201,498
2001 $5,650,154,067 $103,311,640,572
2000 $5,930,685,215 $104,337,372,362
1999 $6,285,219,691 $84,445,473,111
1998 $5,551,118,149 $75,674,336,283
1997 $4,873,663,775 $78,839,008,445
1996 $4,030,146,135 $73,571,233,996
1995 $3,061,646,174 $65,743,666,576
1994 $2,958,108,170 $59,305,093,980
1993 $2,883,161,897 $55,625,170,253
1992 $2,798,696,511 $54,239,171,888
1991 $3,854,856,435 $51,552,165,622
1990 - $50,701,443,748
1989 - $41,464,995,914
1988 - $36,275,674,203
1987 - $36,384,908,744
1986 - $33,943,612,095
1985 - $40,603,650,232
1984 - $41,807,954,236
1983 - $42,803,323,345
1982 - $46,622,718,605
1981 - $49,333,424,135
1980 - $43,599,160,050
1979 - $31,225,659,621
1978 - $23,775,764,225
1977 - $24,871,775,165
1976 - $19,213,158,779
1975 - $14,720,728,249
1974 - $11,651,505,689
1973 - $4,231,243,616
1972 - $1,415,086,929
1971 - $939,893,600
1970 - $685,986,701

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/mozambique/united-arab-emirates | CC BY

GDP per capita in Mozambique vs United Arab Emirates by year

Mozambique
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $50,274 $79,229
2023 $622 $1,678 $49,851 $77,955
2022 $578 $1,582 $50,760 $75,072
2021 $510 $1,457 $44,119 $68,580
2020 $462 $1,412 $37,992 $66,791
2019 $519 $1,389 $45,939 $79,816
2018 $518 $1,326 $47,135 $77,446
2017 $471 $1,283 $43,734 $70,282
2016 $441 $1,379 $42,721 $69,987
2015 $611 $1,318 $44,910 $73,986
2014 $697 $1,166 $52,725 $87,478
2013 $687 $1,114 $53,247 $87,526
2012 $686 $1,076 $53,142 $89,198
2011 $618 $1,064 $51,922 $89,665
2010 $496 $1,000 $44,795 $85,120
2009 $548 $951 $37,803 $84,780
2008 $592 $916 $50,054 $94,628
2007 $508 $862 $45,855 $100,813
2006 $457 $798 $44,343 $106,814
2005 $437 $721 $38,719 $101,301
2004 $400 $673 $33,377 $98,661
2003 $339 $620 $29,660 $92,636
2002 $314 $580 $27,754 $88,467
2001 $305 $533 $27,745 $90,370
2000 $327 $472 $29,866 $92,899
1999 $354 $468 $25,856 $87,658
1998 $320 $422 $24,889 $90,229
1997 $287.5 $387 $27,983 $96,009
1996 $244.4 $350 $28,323 $94,620
1995 $191.8 $321 $27,003 $93,702
1994 $196.8 $326 $25,473 $89,959
1993 $205.2 $321 $25,033 $86,330
1992 $205.6 $292 $25,648 $87,509
1991 $288.7 $315 $25,691 $87,250
1990 - $296 $26,710 $88,455
1989 - - $23,167 -
1988 - - $21,570 -
1987 - - $23,113 -
1986 - - $23,132 -
1985 - - $29,468 -
1984 - - $32,012 -
1983 - - $34,650 -
1982 - - $39,972 -
1981 - - $44,854 -
1980 - - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 - - $35,020 -
1976 - - $31,197 -
1975 - - $27,117 -
1974 - - $23,823 -
1973 - - $9,696 -
1972 - - $3,675 -
1971 - - $2,805 -
1970 - - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/mozambique/united-arab-emirates | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Mozambique UAE
Gross domestic product
$22.7B
2024
$552B
2024
GDP rank
123/197
2024
27/197
2024
GDP growth
2.15%
2023-2024
3.99%
2023-2024
GDP per capita
$657
2024
$50,274
2024
GDP per capita rank
189/197
2024
24/197
2024
GDP per capita, PPP
$1,705
2024
$79,229
2024
GDP per capita PPP rank
192/197
2024
16/197
2024
Government debt
$21.2B
2024
$193B
2024
Debt-to-GDP ratio
93.2%
2024
34.9%
2024
Government debt per person
$612
2024
$17,568
2024
Government debt per person rank
159/185
2024
36/185
2024
Average annual personal income after taxes
$1,778
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
40.8%
2022
20.5%
2018
Income share by poorest 10%
1.7%
2022
2.8%
2018
Government expenditure, % of GDP
33.2%
2024
21.4%
2024
Consumer prices inflation
3.2%
2023-2024
1.7%
2023-2024
Central bank interest rate
9.75%
2025
3.65%
2025
Unemployment rate
6.79%
2022
1.88%
2024
Population
36941128
11686438

Spending and national debt comparison by year

Mozambique
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Mozambique UAE
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 21.4% 34.9%
2023 33.3% 90.9% 22.7% 31.9%
2022 32.9% 100.3% 22.7% 31.5%
2021 32.1% 104.3% 25.9% 35.7%
2020 33.9% 120% 30.5% 30.1%
2019 28% 98.3% 27.4% 25.8%
2018 32.9% 105.5% 25.9% 20.7%
2017 29.5% 103.8% 27.2% 21.2%
2016 29.1% 124.8% 31.7% 18.6%
2015 32.2% 86% 26.4% 15.6%
2014 39.7% 63.4% 31.4% 13.5%
2013 31.7% 49.5% 28.9% 15.3%
2012 28.1% 36.7% 27.8% 20.2%
2011 28.9% 34.2% 29.6% 20.4%
2010 26.7% 38.6% 30.4% 18.3%
2009 25.7% 39.3% 35% 21.1%
2008 21.3% 32.8% 22% 8.95%
2007 20.9% 31.2% 17.7% 8.89%
2006 20.1% 40% 15.6% 5.05%
2005 17% 60.1% 15.7% 4.48%
2004 17.8% 50.8% 17.7% 4.08%
2003 18.6% 63.2% 20% 3.33%
2002 18.6% 63.4% 21.3% 3.43%
2001 20.8% 99.8% 25.2% 2.69%
2000 17.2% 95.8% 21.8% 3.12%
1999 15.6% 94.7% 24.3% 4.73%
1998 14.9% - 25.8% 4.18%
1997 16.5% - 22.6% 2.86%
1996 14.9% - 27.6% 3.48%
1995 18.8% - 26.1% 5.06%
1994 22.9% - 30.1% 5.58%
1993 20.7% - 31.5% 6.01%
1992 21.1% - 29.6% 5.31%
1991 17.3% - 36% 4.97%
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 (1980–1998, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/united-arab-emirates | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 34.9% in the United Arab Emirates, ranking 28/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Mozambique UAE
2024 -6.17% 6.41%
2023 -4.26% 5.82%
2022 -5.22% 9.8%
2021 -5.23% 3.96%
2020 -6.19% -2.42%
2019 1.7% 2.5%
2018 -7.39% 3.65%
2017 -2.9% -0.16%
2016 -5.42% -2.95%
2015 -6.55% -6.35%
2014 -9.75% 1.74%
2013 -2.46% 7.99%
2012 -3.45% 8.59%
2011 -4.34% 5.05%
2010 -3.5% 0.52%
2009 -4.35% -6.13%
2008 -1.9% 17.6%
2007 -2.19% 17.1%
2006 -3.03% 20.2%
2005 -2.06% 16%
2004 -3.17% 6.4%
2003 -2.64% 2.35%
2002 -3.36% -1.24%
2001 -4.43% 1.21%
2000 -1.26% 10.7%
1999 -0.31% 1.31%
1998 -1.08% 1%
1997 -1.81% 6.71%
1996 -2.07% 0.92%
1995 -2.46% 3.58%
1994 -4% -1.78%
1993 -2.53% -2.89%
1992 -1.85% 3.34%
1991 -2.01% 3.89%
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/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Mozambique

United Arab Emirates
1x
Year Consumer prices inflation
Mozambique UAE
2024 3.2% 1.7%
2023 7% 1.6%
2022 10.4% 4.8%
2021 6.6% -0.1%
2020 0.9% -2.1%
2019 5.7% -1.9%
2018 3.2% 3.1%
2017 15.8% 2%
2016 18.4% 1.6%
2015 3.6% 4.1%
2014 2.6% 2.3%
2013 4.3% 1.1%
2012 2.6% 0.7%
2011 11.2% 0.9%
2010 12.4% 0.9%
2009 3.8% -4.7%
2008 14.5% 12.3%
2007 10.4% 11.1%
2006 13.2% 9.3%
2005 6.4% 6.2%
2004 12.6% 5%
2003 13.5% 3.1%
2002 16.8% 2.9%
2001 9.1% 2.8%
2000 12.7% 1.3%
1999 2.9% 2.1%
1998 1.5% 2%
1997 7.4% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/united-arab-emirates | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 3.2% in Mozambique and 1.7% in the United Arab Emirates.

Top exports between countries

Mozambique
Export category Export value
Raw materials & minerals $143M
Precious metals & jewellery $14.7M
Metals $12.5M
Raw agricultural goods $6.44M
Processed food, beverages & tobacco $3.83M
Textiles & consumer goods $1.88M
Machinery & equipment $1.29M
Animal & marine products $166K
Chemicals & pharma $48K
Wood & paper products $36K
UAE
Export category Export value
Raw materials & minerals $211M
Machinery & equipment $86.9M
Precious metals & jewellery $30.5M
Chemicals & pharma $24.9M
Textiles & consumer goods $17.7M
Metals $15.3M
Processed food, beverages & tobacco $9.91M
Wood & paper products $2.01M
Animal & marine products $1.15M
Raw agricultural goods $788K

Balance of trade

Mozambique UAE
Current account balance
-$2.49B
2024
$80B
2024
Current account balance ranking
150/190
2024
9/190
2024
Current account balance, % of GDP
-11%
2024
+14.5%
2024
Goods imports
$8.38B
2024
$400B
2024
Goods exports
$8.21B
2024
$467B
2024
Service imports
$2.11B
2024
$117B
2024
Service exports
$1.15B
2024
$181B
2024
Imports of goods and services, % of GDP
52.8%
2024
92.2%
2023
Exports of goods and services, % of GDP
42.8%
2024
106.8%
2023

Economic freedom indices

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

Mozambique UAE
Economic freedom 49.6 71.9
Economic freedom ranking 164/197 29/197
Property rights 29.7 62.9
Government integrity 25.1 65.3
Judicial effectiveness 43.4 34.4
Tax burden 75.8 99.9
Government spending 67 85.1
Fiscal health 39.1 97.6
Business freedom 40.2 84.5
Labor freedom 47.7 63.2
Monetary freedom 76.2 81.2
Trade freedom 71.2 78.6
Investment freedom 40 50
Financial freedom 40 60

Economic freedom comparison by year

Mozambique
United Arab Emirates
1x
Year Economic freedom index
Mozambique UAE
2026 49.6 71.9
2025 50.7 71.6
2024 50.7 71.1
2023 52.5 70.9
2022 51.3 70.2
2021 51.6 76.9
2020 50.5 76.2
2019 48.6 77.6
2018 46.3 77.6
2017 49.9 76.9
2016 53.2 72.6
2015 54.8 72.4
2014 55 71.4
2013 55 71.1
2012 57.1 69.3
2011 56.8 67.8
2010 56 67.3
2009 55.7 64.7
2008 55.4 62.6
2007 54.7 62.6
2006 51.9 62.2
2005 54.6 65.2
2004 57.2 67.2
2003 58.6 73.4
2002 57.7 73.6
2001 59.2 74.9
2000 52.2 74.2
1999 48.9 71.5
1998 43 72.2
1997 44 71.9
1996 48.4 71.6
1995 45.5 -

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

GeoRank.org/economy/mozambique/united-arab-emirates | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique UAE
Services, % of GDP
41.1%
2024
54.9%
2024
Industry, % of GDP
21.9%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
0.77%
2024
GNI, Atlas method
$19.1B
2024
$566B
2024
GNI per capita, PPP
$1,520
2024
$81,530
2024
Total reserves including gold
$3.84B
2024
$238B
2024
Total reserves ranking
108/177
2024
14/177
2024
Net foreign direct investment
-$3.55B
2024
$31.5B
2024
Net inflows of foreign direct investment
$3.51B
2024
$45.6B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
19.5%
2020
Gross capital formation, % of GDP
17.7%
2024
26.6%
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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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 (1980–1998, retrieved 2026-02-20)
  6. TradeMap (2023–2024, 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.