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Economy of Mozambique vs United States compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.7B compared to $28.8T for the United States, ranking 123/197 and 1/197 by economy size, respectively.

Mozambique has $21.2B in government debt (93.2% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Mozambique vs United States GDP by year

Mozambique
United States
1x
Year GDP, current $
Mozambique United States
2024 $22,745,341,305 $28,750,956,130,731
2023 $20,921,079,533 $27,292,170,793,214
2022 $18,883,528,581 $25,604,848,907,611
2021 $16,168,055,475 $23,315,080,560,000
2020 $14,235,420,174 $21,060,473,613,000
2019 $15,512,759,047 $21,380,976,119,000
2018 $15,017,358,953 $20,533,057,312,000
2017 $13,264,640,646 $19,477,336,549,000
2016 $12,069,051,237 $18,695,110,842,000
2015 $16,208,985,770 $18,206,020,741,000
2014 $17,978,246,586 $17,550,680,174,000
2013 $17,198,073,057 $16,843,190,993,000
2012 $16,688,114,144 $16,253,972,230,000
2011 $14,619,279,989 $15,599,728,123,000
2010 $11,411,894,724 $15,048,964,444,000
2009 $12,263,894,790 $14,478,064,934,000
2008 $12,920,340,965 $14,769,857,911,000
2007 $10,811,456,006 $14,474,226,905,000
2006 $9,509,835,537 $13,815,586,948,000
2005 $8,868,504,900 $13,039,199,193,000
2004 $7,937,255,565 $12,217,193,198,000
2003 $6,583,526,861 $11,456,442,041,000
2002 $5,950,769,427 $10,929,112,955,000
2001 $5,650,154,067 $10,581,929,774,000
2000 $5,930,685,215 $10,250,947,997,000
1999 $6,285,219,691 $9,631,174,489,000
1998 $5,551,118,149 $9,062,818,202,000
1997 $4,873,663,775 $8,577,554,457,000
1996 $4,030,146,135 $8,073,122,000,000
1995 $3,061,646,174 $7,639,749,000,000
1994 $2,958,108,170 $7,287,236,000,000
1993 $2,883,161,897 $6,858,559,000,000
1992 $2,798,696,511 $6,520,327,000,000
1991 $3,854,856,435 $6,158,129,000,000
1990 - $5,963,144,000,000
1989 - $5,641,580,000,000
1988 - $5,236,438,000,000
1987 - $4,855,215,000,000
1986 - $4,579,631,000,000
1985 - $4,338,979,000,000
1984 - $4,037,613,000,000
1983 - $3,634,038,000,000
1982 - $3,343,789,000,000
1981 - $3,207,041,000,000
1980 - $2,857,307,000,000
1979 - $2,627,333,000,000
1978 - $2,351,599,000,000
1977 - $2,081,826,000,000
1976 - $1,873,412,000,000
1975 - $1,684,904,000,000
1974 - $1,545,243,000,000
1973 - $1,425,376,000,000
1972 - $1,279,110,000,000
1971 - $1,164,850,000,000
1970 - $1,073,303,000,000
1969 - $1,017,438,172,414
1968 - $940,225,000,000
1967 - $859,620,034,483
1966 - $813,032,758,621
1965 - $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

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

GeoRank.org/economy/mozambique/united-states | CC BY

GDP per capita in Mozambique vs United States by year

Mozambique
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $657 $1,705 $84,534 $85,810
2023 $622 $1,678 $81,490 $82,305
2022 $578 $1,582 $76,829 $77,861
2021 $510 $1,457 $70,249 $71,307
2020 $462 $1,412 $63,526 $64,402
2019 $519 $1,389 $65,120 $65,228
2018 $518 $1,326 $62,823 $62,876
2017 $471 $1,283 $59,908 $60,048
2016 $441 $1,379 $57,867 $57,977
2015 $611 $1,318 $56,763 $56,849
2014 $697 $1,166 $55,124 $55,153
2013 $687 $1,114 $53,291 $53,297
2012 $686 $1,076 $51,784 $51,708
2011 $618 $1,064 $50,066 $50,025
2010 $496 $1,000 $48,651 $48,643
2009 $548 $951 $47,195 $47,195
2008 $592 $916 $48,570 $48,570
2007 $508 $862 $48,050 $48,050
2006 $457 $798 $46,302 $46,302
2005 $437 $721 $44,123 $44,123
2004 $400 $673 $41,725 $41,725
2003 $339 $620 $39,490 $39,490
2002 $314 $580 $37,998 $37,998
2001 $305 $533 $37,134 $37,134
2000 $327 $472 $36,330 $36,330
1999 $354 $468 $34,484 $34,515
1998 $320 $422 $32,823 $32,854
1997 $287.5 $387 $31,430 $31,459
1996 $244.4 $350 $29,937 $29,968
1995 $191.8 $321 $28,661 $28,691
1994 $196.8 $326 $27,662 $27,695
1993 $205.2 $321 $26,353 $26,387
1992 $205.6 $292 $25,381 $25,419
1991 $288.7 $315 $24,293 $24,342
1990 - $296 $23,840 $23,889
1989 - - $22,857 -
1988 - - $21,417 -
1987 - - $20,039 -
1986 - - $19,071 -
1985 - - $18,237 -
1984 - - $17,121 -
1983 - - $15,544 -
1982 - - $14,434 -
1981 - - $13,976 -
1980 - - $12,613 -
1979 - - $11,674 -
1978 - - $10,565 -
1977 - - $9,453 -
1976 - - $8,592 -
1975 - - $7,801 -
1974 - - $7,226 -
1973 - - $6,726 -
1972 - - $6,094 -
1971 - - $5,609 -
1970 - - $5,234 -
1969 - - $5,020 -
1968 - - $4,685 -
1967 - - $4,326 -
1966 - - $4,136 -
1965 - - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/mozambique/united-states | CC BY

Mozambique's GDP per capita is $657, ranking 189/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while the United States ranks 12th at $85,810.

Economic indicators

Mozambique United States
Gross domestic product
$22.7B
2024
$28.8T
2024
GDP rank
123/197
2024
1/197
2024
GDP growth
2.15%
2023-2024
2.79%
2023-2024
GDP per capita
$657
2024
$84,534
2024
GDP per capita rank
189/197
2024
10/197
2024
GDP per capita, PPP
$1,705
2024
$85,810
2024
GDP per capita PPP rank
192/197
2024
12/197
2024
Government debt
$21.2B
2024
$35.2T
2024
Debt-to-GDP ratio
93.2%
2024
122.3%
2024
Government debt per person
$612
2024
$103,404
2024
Government debt per person rank
159/185
2024
2/185
2024
Average annual personal income after taxes
$1,778
2026
$53,202
2026
Market capitalization of domestic companies n/a
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
40.8%
2022
30.4%
2023
Income share by poorest 10%
1.7%
2022
1.8%
2023
Government expenditure, % of GDP
33.2%
2024
37.9%
2024
Consumer prices inflation
3.2%
2023-2024
2.95%
2023-2024
Central bank interest rate
9.75%
2025
3.75%
2025
Unemployment rate
6.79%
2022
4.02%
2024
Population
36941128
344023146

Spending and national debt comparison by year

Mozambique
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Mozambique United States
Government spending Government debt Government spending Government debt
2024 33.2% 93.2% 37.9% 122.3%
2023 33.3% 90.9% 37.7% 119.8%
2022 32.9% 100.3% 36.8% 119.1%
2021 32.1% 104.3% 43.2% 125%
2020 33.9% 120% 44.7% 132.5%
2019 28% 98.3% 35.8% 108.8%
2018 32.9% 105.5% 35.3% 107.6%
2017 29.5% 103.8% 35.2% 106.4%
2016 29.1% 124.8% 35.3% 107.4%
2015 32.2% 86% 35% 105.4%
2014 39.7% 63.4% 35.3% 104.9%
2013 31.7% 49.5% 35.8% 105%
2012 28.1% 36.7% 37.2% 103.7%
2011 28.9% 34.2% 38.8% 100%
2010 26.7% 38.6% 39.8% 95.6%
2009 25.7% 39.3% 41.4% 87.1%
2008 21.3% 32.8% 37.1% 73.8%
2007 20.9% 31.2% 34.6% 64.9%
2006 20.1% 40% 33.7% 64.5%
2005 17% 60.1% 33.9% 65.8%
2004 17.8% 50.8% 33.7% 66.4%
2003 18.6% 63.2% 34% 59%
2002 18.6% 63.4% 33.7% 55.9%
2001 20.8% 99.8% 32.8% 53.5%
2000 17.2% 95.8% 31.7% 54.5%
1999 15.6% 94.7% 32.2% 60.5%
1998 14.9% - 32.8% 64.2%
1997 16.5% - 33.7% 67.4%
1996 14.9% - 34.7% 69.9%
1995 18.8% - 35.5% 70.7%
1994 22.9% - 35.5% 71.1%
1993 20.7% - 36.4% 71.9%
1992 21.1% - 36.7% 70.3%
1991 17.3% - 35.7% 67.9%
1990 21% - 34.5% 63.1%
1989 27% - 33.7% 61.6%
1988 27% - 33.7% 61.3%
1987 22.9% - 34.3% 60.6%
1986 24.2% - 34.8% 58.9%
1985 21% - 34.5% 55.4%
1984 30.9% - 34.3% 50.6%
1983 35.3% - 35.7% 48.9%
1982 27% - 35.8% 45.9%
1981 23.8% - 33.9% 41.1%
1980 14.2% - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/united-states | CC BY

In 2024, Mozambique's government spending was $7.56B, accounting for 33.2% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 93.2% in Mozambique and 122.3% in the United States, ranking 28/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

United States
1x
Year Deficit/surplus, % of GDP
Mozambique United States
2024 -6.17% -8.03%
2023 -4.26% -7.8%
2022 -5.22% -3.72%
2021 -5.23% -11.4%
2020 -6.19% -14.1%
2019 1.7% -5.81%
2018 -7.39% -5.33%
2017 -2.9% -4.79%
2016 -5.42% -4.36%
2015 -6.55% -3.53%
2014 -9.75% -4.03%
2013 -2.46% -4.56%
2012 -3.45% -8.11%
2011 -4.34% -9.72%
2010 -3.5% -11%
2009 -4.35% -13.2%
2008 -1.9% -6.61%
2007 -2.19% -2.91%
2006 -3.03% -2.04%
2005 -2.06% -3.07%
2004 -3.17% -4.24%
2003 -2.64% -4.77%
2002 -3.36% -3.82%
2001 -4.43% -0.54%
2000 -1.26% 3.62%
1999 -0.31% 2.71%
1998 -1.08% 2.18%
1997 -1.81% 0.88%
1996 -2.07% -0.46%
1995 -2.46% -1.7%
1994 -4% -2.05%
1993 -2.53% -3.35%
1992 -1.85% -3.98%
1991 -2.01% -2.72%
1990 -4.42% -1.64%
1989 -4.23% -0.8%
1988 -6.47% -1.06%
1987 -7.24% -1.53%
1986 -12.1% -2.81%
1985 -9.69% -2.63%
1984 -13.4% -2.97%
1983 -15.8% -4.26%
1982 -3.61% -3.78%
1981 -7.41% -1.58%
1980 -1.47% -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/mozambique/united-states | 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 States' deficit of $2.31T, or 8.03% of GDP.

Over the past 34 years, Mozambique recorded a fiscal deficit in 33 of those years, while the United States ran a deficit in 30 years. On average, Mozambique posted an annual deficit equal to 3.46% of GDP, compared to deficit of 4.48% of GDP for the United States.

Inflation comparison by year

Inflation
Mozambique

United States
1x
Year Consumer prices inflation
Mozambique United States
2024 3.2% 2.95%
2023 7% 4.12%
2022 10.4% 8%
2021 6.6% 4.7%
2020 0.9% 1.23%
2019 5.7% 1.81%
2018 3.2% 2.44%
2017 15.8% 2.13%
2016 18.4% 1.26%
2015 3.6% 0.12%
2014 2.6% 1.62%
2013 4.3% 1.46%
2012 2.6% 2.07%
2011 11.2% 3.16%
2010 12.4% 1.64%
2009 3.8% -0.36%
2008 14.5% 3.84%
2007 10.4% 2.85%
2006 13.2% 3.23%
2005 6.4% 3.39%
2004 12.6% 2.68%
2003 13.5% 2.27%
2002 16.8% 1.59%
2001 9.1% 2.83%
2000 12.7% 3.38%
1999 2.9% 2.19%
1998 1.5% 1.55%
1997 7.4% 2.34%

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/united-states | CC BY

Over the past 28 years, Mozambique has recorded an average annual inflation rate of 8.31%, compared with 2.52% in the United States. In 2024, inflation was 3.2% in Mozambique and 2.95% in the United States.

Top exports between countries

Mozambique
Export category Export value
Raw materials & minerals $65.1M
Processed food, beverages & tobacco $28.1M
Precious metals & jewellery $1.96M
Raw agricultural goods $887K
Animal & marine products $220K
Machinery & equipment $169K
Metals $146K
Textiles & consumer goods $104K
Chemicals & pharma $19K
Wood & paper products $9K
United States
Export category Export value
Raw materials & minerals $69.7M
Machinery & equipment $44.3M
Raw agricultural goods $9.45M
Wood & paper products $7.75M
Animal & marine products $5.25M
Chemicals & pharma $5.09M
Processed food, beverages & tobacco $3.37M
Miscellaneous $2.78M
Textiles & consumer goods $1.75M
Metals $1.52M

Balance of trade

Mozambique United States
Current account balance
-$2.49B
2024
-$1.19T
2024
Current account balance ranking
150/190
2024
190/190
2024
Current account balance, % of GDP
-11%
2024
-4.12%
2024
Goods imports
$8.38B
2024
$3.3T
2024
Goods exports
$8.21B
2024
$2.08T
2024
Service imports
$2.11B
2024
$841B
2024
Service exports
$1.15B
2024
$1.15T
2024
Imports of goods and services, % of GDP
52.8%
2024
14.3%
2024
Exports of goods and services, % of GDP
42.8%
2024
11.1%
2024

Economic freedom indices

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

Mozambique United States
Economic freedom 49.6 72.8
Economic freedom ranking 164/197 27/197
Property rights 29.7 91.6
Government integrity 25.1 77.1
Judicial effectiveness 43.4 76.4
Tax burden 75.8 75.3
Government spending 67 57.9
Fiscal health 39.1 18.5
Business freedom 40.2 88.6
Labor freedom 47.7 76.3
Monetary freedom 76.2 84.2
Trade freedom 71.2 67.6
Investment freedom 40 80
Financial freedom 40 80

Economic freedom comparison by year

Mozambique
United States
1x
Year Economic freedom index
Mozambique United States
2026 49.6 72.8
2025 50.7 70.2
2024 50.7 70.1
2023 52.5 70.6
2022 51.3 72.1
2021 51.6 74.8
2020 50.5 76.6
2019 48.6 76.8
2018 46.3 75.7
2017 49.9 75.1
2016 53.2 75.4
2015 54.8 76.2
2014 55 75.5
2013 55 76
2012 57.1 76.3
2011 56.8 77.8
2010 56 78
2009 55.7 80.7
2008 55.4 81
2007 54.7 81.2
2006 51.9 81.2
2005 54.6 79.9
2004 57.2 78.7
2003 58.6 78.2
2002 57.7 78.4
2001 59.2 79.1
2000 52.2 76.4
1999 48.9 75.5
1998 43 75.4
1997 44 75.6
1996 48.4 76.7
1995 45.5 76.7

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

GeoRank.org/economy/mozambique/united-states | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique United States
Services, % of GDP
41.1%
2024
79.7%
2024
Industry, % of GDP
21.9%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2024
0.85%
2024
GNI, Atlas method
$19.1B
2024
$28.4T
2024
GNI per capita, PPP
$1,520
2024
$85,980
2024
Total reserves including gold
$3.84B
2024
$910B
2024
Total reserves ranking
108/177
2024
3/177
2024
Net foreign direct investment
-$3.55B
2024
$25.1B
2024
Net inflows of foreign direct investment
$3.51B
2024
$297B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$322B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
15.1%
2020
Gross capital formation, % of GDP
17.7%
2024
21.8%
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/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, 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)
  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.