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Economy of Mozambique vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.4B compared to $115B for Uzbekistan, ranking 123/197 and 66/197 by economy size, respectively.

Mozambique has $21.7B in government debt (101.1% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Mozambique
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Mozambique Uzbekistan
Current $ Constant $ Current $ Constant $
1980 - $2,851,825,334 - -
1981 - $2,994,416,685 - -
1982 - $2,787,801,951 - -
1983 - $2,350,116,988 - -
1984 - $2,197,359,386 - -
1985 - $2,219,332,908 - -
1986 - $2,168,288,339 - -
1987 - $2,487,026,735 $8,523,160,593 $28,089,418,035
1988 - $2,690,962,807 $10,722,799,639 $30,656,392,613
1989 - $2,865,875,512 $11,948,815,258 $31,604,071,830
1990 - $2,894,534,062 $13,362,340,338 $32,109,736,981
1991 $3,854,856,435 $3,037,102,926 $13,800,167,712 $31,951,757,074
1992 $2,798,696,511 $2,806,992,351 $12,953,801,760 $28,373,160,282
1993 $2,883,161,897 $3,114,089,525 $13,099,920,056 $27,720,577,595
1994 $2,958,108,170 $3,314,642,611 $12,899,074,922 $26,279,107,562
1995 $3,061,646,174 $3,385,008,954 $13,350,461,265 $26,042,595,592
1996 $4,030,146,135 $3,747,066,498 $13,948,892,216 $26,485,319,718
1997 $4,873,663,775 $4,189,780,379 $14,744,603,774 $27,862,556,343
1998 $5,551,118,149 $4,624,228,448 $14,988,971,211 $29,060,646,266
1999 $6,285,219,691 $5,170,672,900 $17,078,465,982 $30,310,254,055
2000 $5,930,685,215 $5,210,292,404 $13,760,513,969 $31,472,652,299
2001 $5,650,154,067 $5,879,902,616 $11,401,421,329 $32,783,122,633
2002 $5,950,769,427 $6,448,401,314 $9,687,788,513 $34,085,756,140
2003 $6,583,526,861 $6,913,827,632 $10,134,453,435 $35,528,479,188
2004 $7,937,255,565 $7,481,086,790 $12,030,023,548 $38,174,995,818
2005 $8,868,504,900 $7,953,294,767 $14,307,509,839 $40,828,160,774
2006 $9,509,835,537 $8,741,520,167 $17,330,833,853 $43,870,437,889
2007 $10,811,456,006 $9,410,189,984 $22,311,393,928 $48,026,286,798
2008 $12,920,340,965 $10,057,425,621 $29,549,438,884 $52,362,657,564
2009 $12,263,894,790 $10,653,727,557 $33,689,223,673 $56,578,340,213
2010 $11,411,894,724 $11,365,367,724 $49,765,676,402 $60,876,691,748
2011 $14,619,279,989 $12,176,179,698 $60,178,909,297 $65,457,747,965
2012 $16,688,114,144 $13,149,604,768 $67,517,349,212 $70,106,848,439
2013 $17,198,073,057 $14,013,719,723 $73,180,037,915 $75,222,229,948
2014 $17,978,246,586 $15,093,136,077 $80,845,385,809 $80,392,884,506
2015 $16,208,985,770 $16,208,985,770 $86,196,264,755 $86,196,264,755
2016 $12,069,051,237 $16,970,320,250 $86,138,288,644 $91,309,557,165
2017 $13,264,640,646 $17,418,032,490 $69,703,222,283 $95,322,862,969
2018 $15,017,358,953 $18,025,039,082 $58,695,899,092 $100,622,047,496
2019 $15,512,759,047 $18,442,825,952 $67,293,639,798 $107,444,145,840
2020 $14,235,420,174 $18,217,911,540 $66,443,265,418 $109,123,866,128
2021 $16,168,055,475 $18,651,030,678 $77,340,060,003 $117,891,622,987
2022 $18,883,528,581 $19,465,045,725 $90,095,926,567 $124,966,702,851
2023 $20,954,220,984 $20,523,332,839 $102,641,879,249 $132,828,878,428
2024 $22,416,650,343 $20,903,378,791 $114,965,293,467 $141,462,755,525

Economic indicators

Mozambique Uzbekistan
Gross domestic product
$22.4B
2024
$115B
2024
GDP rank
123/197
2024
66/197
2024
GDP growth
6.98%
2023-2024
12%
2023-2024
GDP per capita
$647
2024
$3,162
2024
GDP per capita rank
190/197
2024
139/197
2024
GDP per capita, PPP
$1,700
2024
$11,879
2024
Government debt
$21.7B
2024
$37.5B
2024
Debt-to-GDP ratio
101.1%
2025
33%
2025
Government debt per person
$625
2024
$1,032
2024
Government debt per person rank
158/185
2024
142/185
2024
Average annual personal income after taxes
$2,107
2025
$3,203
2025
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
40.8%
2022
25.7%
2024
Income share by poorest 10%
1.7%
2022
2.3%
2024
Government expenditure, % of GDP
32.2%
2025
27.8%
2025
Consumer prices inflation
4.9%
2024-2025
9.1%
2024-2025
Central bank interest rate
10.3%
2025
14%
2025
Unemployment rate
6.79%
2022
5.29%
2020
Population
36441519
37592263

GDP per capita in Mozambique vs Uzbekistan

Mozambique's GDP per capita is $647, ranking 190/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 193rd at $1,700, while Uzbekistan ranks 123rd at $11,879.

Mozambique
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Mozambique Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1987 - - $450 -
1988 - - $551 -
1989 - - $598 -
1990 - $296 $653 $2,665
1991 $288.7 $315 $658 $2,676
1992 $205.6 $292 $603 $2,371
1993 $205.2 $321 $596 $2,318
1994 $196.8 $326 $574 $2,197
1995 $191.8 $321 $583 $2,178
1996 $244.4 $350 $597 $2,214
1997 $287.5 $387 $621 $2,329
1998 $320 $422 $621 $2,418
1999 $354 $468 $698 $2,522
2000 $327 $472 $555 $2,644
2001 $305 $533 $454 $2,782
2002 $314 $580 $381 $2,902
2003 $339 $620 $394 $3,047
2004 $400 $673 $462 $3,321
2005 $437 $721 $543 $3,618
2006 $457 $798 $649 $3,956
2007 $508 $862 $824 $4,386
2008 $592 $916 $1,075 $4,800
2009 $548 $951 $1,206 $5,135
2010 $496 $1,000 $1,753 $5,505
2011 $618 $1,064 $2,088 $5,949
2012 $686 $1,076 $2,307 $6,168
2013 $687 $1,114 $2,462 $6,413
2014 $697 $1,166 $2,675 $6,610
2015 $611 $1,318 $2,803 $6,800
2016 $441 $1,379 $2,753 $6,919
2017 $471 $1,283 $2,191 $7,818
2018 $518 $1,326 $1,813 $8,129
2019 $519 $1,389 $2,041 $8,544
2020 $462 $1,412 $1,978 $8,452
2021 $510 $1,457 $2,259 $9,248
2022 $578 $1,582 $2,579 $10,293
2023 $623 $1,678 $2,879 $11,107
2024 $647 $1,700 $3,162 $11,879

Spending and national debt comparison

In 2024, Mozambique's government spending was $7.59B, accounting for 32.2% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 101.1% in Mozambique and 33% in Uzbekistan, ranking 21/185 and 155/185, respectively.

Mozambique
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Mozambique Uzbekistan
Government spending Government debt Government spending Government debt
1980 14.2% - - -
1981 23.8% - - -
1982 27% - - -
1983 35.3% - - -
1984 30.9% - - -
1985 21% - - -
1986 24.2% - - -
1987 22.9% - - -
1988 27% - - -
1989 27% - - -
1990 21% - - -
1991 17.3% - - -
1992 21.1% - 18% -
1993 20.7% - 39.6% -
1994 22.9% - 27.1% -
1995 18.8% - 29.4% -
1996 14.9% - 35.1% -
1997 16.5% - 31.8% 15.3%
1998 14.9% - 35.1% 18%
1999 15.6% 94.7% 33.6% 18.4%
2000 17.2% 95.8% 32.9% 29.5%
2001 20.8% 99.8% 30.6% 44.8%
2002 18.6% 63.4% 34.6% 41.6%
2003 18.6% 63.2% 31.5% 31.4%
2004 17.8% 50.8% 29.4% 26.9%
2005 17% 60.1% 28.1% 21%
2006 20.1% 40% 24.7% 13.5%
2007 20.9% 31.2% 24.8% 9.56%
2008 21.3% 32.8% 26.5% 8.33%
2009 25.7% 39.3% 27.5% 7.3%
2010 26.6% 38.6% 26.4% 6.61%
2011 28.9% 34.2% 23.7% 6.33%
2012 28.1% 36.7% 23.9% 6.76%
2013 31.7% 49.5% 25.2% 6.23%
2014 39.7% 63.4% 24.9% 6.09%
2015 32.2% 86% 24.6% 6.72%
2016 28.7% 124.8% 23.3% 8.19%
2017 28.6% 103.8% 19.9% 17.3%
2018 31.2% 105.5% 22.2% 17.5%
2019 28% 98.3% 24.3% 25.4%
2020 33.9% 120% 26% 33.7%
2021 32.1% 104.3% 27.4% 31.7%
2022 32.9% 100.3% 31.4% 30.5%
2023 33.3% 90.8% 29.9% 32.2%
2024 33.9% 96.6% 27.8% 32.6%
2025 32.2% 101.1% 27.8% 33%

Government deficit by year

In 2024, Mozambique's government deficit, the difference between spending and revenue, was -$1.43B, equivalent to -6.38% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, Mozambique recorded a fiscal deficit in 32 of those years, while Uzbekistan ran a deficit in 20 years. On average, Mozambique posted an annual deficit equal to -3.42% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Mozambique

Uzbekistan
Year Deficit/surplus, % of GDP
Mozambique Uzbekistan
1980 -1.47% -
1981 -7.41% -
1982 -3.61% -
1983 -15.8% -
1984 -13.4% -
1985 -9.69% -
1986 -12.1% -
1987 -7.24% -
1988 -6.47% -
1989 -4.23% -
1990 -4.42% -
1991 -2.01% -
1992 -1.85% 7.15%
1993 -2.53% -12%
1994 -4% -4.47%
1995 -2.46% -1.77%
1996 -2.07% -1.57%
1997 -1.81% -2.05%
1998 -1.08% -3.04%
1999 -0.31% -2.91%
2000 -1.26% -3.66%
2001 -4.43% -3.28%
2002 -3.36% -6.31%
2003 -2.64% -4.87%
2004 -3.17% -3.74%
2005 -2.06% -3.52%
2006 -3.03% 2.72%
2007 -2.19% 3.55%
2008 -1.9% 5.97%
2009 -4.35% 1.82%
2010 -3.4% 2.56%
2011 -4.34% 5.11%
2012 -3.45% 5.89%
2013 -2.46% 2.15%
2014 -9.75% 1.9%
2015 -6.55% -0.28%
2016 -5.06% 0.7%
2017 -1.99% 1.04%
2018 -5.7% 1.64%
2019 1.7% -0.26%
2020 -6.19% -2.95%
2021 -5.23% -4.1%
2022 -5.22% -3.65%
2023 -4.23% -3.98%
2024 -6.38% -2.26%
2025 -5.58% -2.27%

Inflation comparison by year

Over the past 30 years, Mozambique has recorded an average annual inflation rate of 9.54%, compared with 17.6% in Uzbekistan. In 2025, inflation was 4.9% in Mozambique and 9.1% in Uzbekistan.

Inflation
Mozambique

Uzbekistan
Year Inflation
Mozambique Uzbekistan Mozambique Uzbekistan
1996 48.5% 54%
1997 7.4% 70.9%
1998 1.5% 29%
1999 2.9% 29.1%
2000 12.7% 25%
2001 9.1% 27.3%
2002 16.8% 27.3%
2003 13.5% 12.5%
2004 12.6% 7.3%
2005 6.4% 10.7%
2006 13.2% 13.1%
2007 10.4% 11.2%
2008 14.5% 13.1%
2009 3.8% 12.3%
2010 12.4% 12.3%
2011 11.2% 12.4%
2012 2.6% 11.9%
2013 4.3% 11.7%
2014 2.6% 9.1%
2015 3.6% 8.5%
2016 18.4% 8.8%
2017 15.8% 13.9%
2018 3.2% 17.5%
2019 5.7% 14.5%
2020 0.9% 12.9%
2021 6.6% 10.8%
2022 10.4% 11.4%
2023 7% 10%
2024 3.2% 9.6%
2025 4.9% 9.1%

Top exports between countries

Mozambique
Export category Export value
Processed food, beverages & tobacco $699K
Uzbekistan
Export category Export value
Raw materials & minerals $235K

Balance of trade

Mozambique Uzbekistan
Current account balance
-$2.49B
2024
-$5.72B
2024
Current account balance ranking
148/189
2024
170/189
2024
Current account balance, % of GDP
-11.1%
2024
-4.97%
2024
Goods imports
$8.38B
2024
$33.2B
2024
Goods exports
$8.21B
2024
$19.6B
2024
Service imports
$2.11B
2024
$10.5B
2024
Service exports
$1.15B
2024
$6.55B
2024
Imports of goods and services, % of GDP
52.9%
2024
38%
2024
Exports of goods and services, % of GDP
42.7%
2024
22.8%
2024

Economic freedom indices

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

Mozambique Uzbekistan
Economic freedom 50.7 58
Economic freedom ranking 163/197 111/197
Property rights 31.6 33.5
Government integrity 24.9 31.2
Judicial effectiveness 44.9 14.5
Tax burden 75.4 92.8
Government spending 68.8 73.6
Fiscal health 51.9 73.3
Business freedom 37.3 64.4
Labor freedom 47.7 47.9
Monetary freedom 72.3 64.6
Trade freedom 74 80.6
Investment freedom 40 60
Financial freedom 40 60

Economic freedom by year comparison

The Economic Freedom Index for Mozambique is 50.7, ranking 163/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Mozambique
Uzbekistan
Year Economic freedom index
Mozambique Uzbekistan
1995 45.5 -
1996 48.4 -
1997 44 -
1998 43 31.5
1999 48.9 33.8
2000 52.2 38.1
2001 59.2 38.2
2002 57.7 38.5
2003 58.6 38.3
2004 57.2 39.1
2005 54.6 45.8
2006 51.9 48.7
2007 54.7 51.5
2008 55.4 51.9
2009 55.7 50.5
2010 56 47.5
2011 56.8 45.8
2012 57.1 45.8
2013 55 46
2014 55 46.5
2015 54.8 47
2016 53.2 46
2017 49.9 52.3
2018 46.3 51.5
2019 48.6 53.3
2020 50.5 57.2
2021 51.6 58.3
2022 51.3 55.7
2023 52.5 56.5
2024 50.7 55.9
2025 50.7 58

More economic indicators

Mozambique Uzbekistan
Services, % of GDP
38.4%
2024
45.2%
2024
Industry, % of GDP
24.6%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
26.3%
2024
18.3%
2024
GNI, Atlas method
$18.9B
2024
$110B
2024
GNI per capita, PPP
$1,510
2024
$12,000
2024
Total reserves including gold
$3.84B
2024
$41.2B
2024
Total reserves ranking
108/177
2024
50/177
2024
Net foreign direct investment
-$3.55B
2024
-$2.8B
2024
Net inflows of foreign direct investment
$3.51B
2024
$2.84B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
22.7%
2023
8.24%
2023
Poverty at national poverty lines
65%
2022
8.9%
2024
Gross capital formation, % of GDP
24.1%
2024
33.3%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.