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Economy of Mozambique vs Venezuela compared: GDP & Debt

Updated on by Georank team

Mozambique has a GDP of $22.4B compared to $482B for Venezuela, ranking 123/197 and 33/197 by economy size, respectively.

Mozambique has $21.7B in government debt (101.1% of GDP), compared to $410B (192.4% of GDP) in Venezuela.

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 $
Venezuela
GDP, current $

GDP, constant 2015 $
Year GDP
Mozambique Venezuela
Current $ Constant $ Current $ Constant $
1960 - - $7,663,938,303 -
1961 - - $8,067,267,031 -
1962 - - $8,814,309,884 -
1963 - - $9,608,717,288 -
1964 - - $8,192,413,793 -
1965 - - $8,427,777,778 -
1966 - - $8,781,333,333 -
1967 - - $9,250,000,000 -
1968 - - $10,034,444,444 -
1969 - - $10,285,111,111 -
1970 - - $11,561,111,111 -
1971 - - $12,986,590,909 -
1972 - - $13,977,727,273 -
1973 - - $17,035,581,395 -
1974 - - $26,100,930,233 -
1975 - - $27,464,651,163 -
1976 - - $31,419,534,884 -
1977 - - $36,210,697,674 -
1978 - - $39,316,279,070 -
1979 - - $48,310,930,233 -
1980 - $2,851,825,334 $59,116,511,628 -
1981 - $2,994,416,685 $66,327,441,860 -
1982 - $2,787,801,951 $67,736,744,186 -
1983 - $2,350,116,988 $67,556,279,070 -
1984 - $2,197,359,386 $59,867,743,468 -
1985 - $2,219,332,908 $61,965,466,667 -
1986 - $2,168,288,339 $60,516,123,711 -
1987 - $2,487,026,735 $48,029,034,483 -
1988 - $2,690,962,807 $60,226,413,793 -
1989 - $2,865,875,512 $43,536,709,104 -
1990 - $2,894,534,062 $48,606,952,195 -
1991 $3,854,856,435 $3,037,102,926 $53,453,444,787 -
1992 $2,798,696,511 $2,806,992,351 $60,416,519,620 -
1993 $2,883,161,897 $3,114,089,525 $60,037,460,783 -
1994 $2,958,108,170 $3,314,642,611 $58,418,666,667 -
1995 $3,061,646,174 $3,385,008,954 $77,389,487,770 -
1996 $4,030,146,135 $3,747,066,498 $70,543,211,119 -
1997 $4,873,663,775 $4,189,780,379 $85,837,678,560 -
1998 $5,551,118,149 $4,624,228,448 $91,336,763,255 -
1999 $6,285,219,691 $5,170,672,900 $97,972,842,462 -
2000 $5,930,685,215 $5,210,292,404 $117,146,466,003 -
2001 $5,650,154,067 $5,879,902,616 $122,911,036,747 -
2002 $5,950,769,427 $6,448,401,314 $92,893,587,734 -
2003 $6,583,526,861 $6,913,827,632 $83,620,628,582 -
2004 $7,937,255,565 $7,481,086,790 $112,451,400,425 -
2005 $8,868,504,900 $7,953,294,767 $145,513,489,652 -
2006 $9,509,835,537 $8,741,520,167 $183,477,522,124 -
2007 $10,811,456,006 $9,410,189,984 $230,364,012,576 -
2008 $12,920,340,965 $10,057,425,621 $315,953,388,511 -
2009 $12,263,894,790 $10,653,727,557 $329,787,628,928 -
2010 $11,411,894,724 $11,365,367,724 $393,192,354,511 -
2011 $14,619,279,989 $12,176,179,698 $316,482,190,800 -
2012 $16,688,114,144 $13,149,604,768 $381,286,237,848 -
2013 $17,198,073,057 $14,013,719,723 $371,005,379,787 -
2014 $17,978,246,586 $15,093,136,077 $482,359,318,768 -
2015 $16,208,985,770 $16,208,985,770 - -
2016 $12,069,051,237 $16,970,320,250 - -
2017 $13,264,640,646 $17,418,032,490 - -
2018 $15,017,358,953 $18,025,039,082 - -
2019 $15,512,759,047 $18,442,825,952 - -
2020 $14,235,420,174 $18,217,911,540 - -
2021 $16,168,055,475 $18,651,030,678 - -
2022 $18,883,528,581 $19,465,045,725 - -
2023 $20,954,220,984 $20,523,332,839 - -
2024 $22,416,650,343 $20,903,378,791 - -

Economic indicators

Mozambique Venezuela
Gross domestic product
$22.4B
2024
$482B
2014
GDP rank
123/197
2024
33/197
2014
GDP growth
6.98%
2023-2024
30%
2013-2014
GDP per capita
$647
2024
$15,944
2014
GDP per capita rank
190/197
2024
66/197
2014
GDP per capita, PPP
$1,700
2024
$17,349
2011
Government debt
$21.7B
2024
$410B
2014
Debt-to-GDP ratio
101.1%
2025
192.4%
2025
Government debt per person
$625
2024
$13,536
2014
Government debt per person rank
158/185
2024
44/185
2014
Average annual personal income after taxes
$2,107
2025
$4,514
2025
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2025
Income share by richest 10%
40.8%
2022
33.2%
2006
Income share by poorest 10%
1.7%
2022
1.2%
2006
Government expenditure, % of GDP
32.2%
2025
15.7%
2025
Consumer prices inflation
4.9%
2024-2025
269.9%
2024-2025
Central bank interest rate
10.3%
2025
n/a
Unemployment rate
6.79%
2022
7.53%
2020
Population
36441519
28610737

GDP per capita in Mozambique vs Venezuela

Mozambique's GDP per capita is $647, ranking 190/197, compared to $15,944 in Venezuela, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 193rd at $1,700, while Venezuela ranks 106th at $17,349.

Mozambique
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
Year Current $
Mozambique Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $939 -
1961 - - $954 -
1962 - - $1,007 -
1963 - - $1,060 -
1964 - - $874 -
1965 - - $869 -
1966 - - $876 -
1967 - - $893 -
1968 - - $938 -
1969 - - $932 -
1970 - - $1,015 -
1971 - - $1,106 -
1972 - - $1,155 -
1973 - - $1,367 -
1974 - - $2,034 -
1975 - - $2,078 -
1976 - - $2,309 -
1977 - - $2,585 -
1978 - - $2,727 -
1979 - - $3,257 -
1980 - - $3,874 -
1981 - - $4,228 -
1982 - - $4,202 -
1983 - - $4,079 -
1984 - - $3,520 -
1985 - - $3,549 -
1986 - - $3,376 -
1987 - - $2,611 -
1988 - - $3,191 -
1989 - - $2,250 -
1990 - $296 $2,452 $9,497
1991 $288.7 $315 $2,633 $10,520
1992 $205.6 $292 $2,907 $11,151
1993 $205.2 $321 $2,825 $11,191
1994 $196.8 $326 $2,689 $10,920
1995 $191.8 $321 $3,487 $11,345
1996 $244.4 $350 $3,113 $11,291
1997 $287.5 $387 $3,711 $11,970
1998 $320 $422 $3,870 $11,898
1999 $354 $468 $4,071 $11,127
2000 $327 $472 $4,776 $11,577
2001 $305 $533 $4,920 $12,018
2002 $314 $580 $3,652 $10,924
2003 $339 $620 $3,230 $10,095
2004 $400 $673 $4,269 $12,053
2005 $437 $721 $5,432 $13,486
2006 $457 $798 $6,739 $15,028
2007 $508 $862 $8,332 $16,528
2008 $592 $916 $11,262 $17,480
2009 $548 $951 $11,597 $16,795
2010 $496 $1,000 $13,646 $16,528
2011 $618 $1,064 $10,844 $17,349
2012 $686 $1,076 $12,901 -
2013 $687 $1,114 $12,403 -
2014 $697 $1,166 $15,944 -
2015 $611 $1,318 - -
2016 $441 $1,379 - -
2017 $471 $1,283 - -
2018 $518 $1,326 - -
2019 $519 $1,389 - -
2020 $462 $1,412 - -
2021 $510 $1,457 - -
2022 $578 $1,582 - -
2023 $623 $1,678 - -
2024 $647 $1,700 - -

Spending and national debt comparison

In 2024, Mozambique's government spending was $7.59B, accounting for 32.2% of its GDP, while Venezuela's spent $152B, or 15.7% of GDP.

Debt-to-GDP ratio is 101.1% in Mozambique and 192.4% in Venezuela, ranking 21/185 and 4/185, respectively.

Mozambique
Government spending

Government debt
Venezuela
Government spending

Government debt
Year % of GDP
Mozambique Venezuela
Government spending Government debt Government spending Government debt
1960 - - 23.7% 8.28%
1961 - - 11.8% 8.79%
1962 - - 17.6% 7.24%
1963 - - 18.7% 6.3%
1964 - - 17.9% 4.95%
1965 - - 18.7% 5.46%
1966 - - 19.1% 5.84%
1967 - - 19.8% 6.74%
1968 - - 19.8% 7.84%
1969 - - 21% 9.91%
1970 - - 19.5% 10.6%
1971 - - 19.6% 9.64%
1972 - - 21.3% 10.6%
1973 - - 20% 9.78%
1974 - - 35.3% 7.72%
1975 - - 33.8% 8.31%
1976 - - 26.6% 9.64%
1977 - - 30.6% 12.7%
1978 - - 29.2% 16.6%
1979 - - 22.3% 19.2%
1980 14.2% - 22% 16.6%
1981 23.8% - 29.6% 18.9%
1982 27% - 29% 18.6%
1983 35.3% - 25.3% 21.4%
1984 30.9% - 19.7% 36.4%
1985 21% - 20.3% 34.1%
1986 24.2% - 21.5% 45.9%
1987 22.9% - 25.1% 58.3%
1988 27% - 33.2% 46.3%
1989 27% - 32.5% 61.8%
1990 21% - 31.9% 63.3%
1991 17.3% - 33.9% 62.2%
1992 21.1% - 30.6% 54.8%
1993 20.7% - 27.7% 57.7%
1994 22.9% - 42.2% 63.9%
1995 18.8% - 32.9% 45.9%
1996 14.9% - 27.7% 45.9%
1997 16.5% - 31% 34.8%
1998 14.9% - 28.8% 30.7%
1999 15.6% 94.7% 26.1% 29.6%
2000 17.2% 95.8% 28.3% 27.7%
2001 20.8% 99.8% 31.9% 30.7%
2002 18.6% 63.4% 31% 48.2%
2003 18.6% 63.2% 32.2% 56%
2004 17.8% 50.8% 31.9% 41.8%
2005 17% 60.1% 33.5% 34.9%
2006 20.1% 40% 39.3% 25.7%
2007 20.9% 31.2% 35.9% 26.4%
2008 21.3% 32.8% 34.9% 20.3%
2009 25.7% 39.3% 33.3% 27.6%
2010 26.6% 38.6% 31.1% 37.7%
2011 28.9% 34.2% 39.4% 52.5%
2012 28.1% 36.7% 38% 58.4%
2013 31.7% 49.5% 36.5% 85.4%
2014 39.7% 63.4% 31.6% 84.9%
2015 32.2% 86% 22.9% 129.8%
2016 28.7% 124.8% 19.7% 138.4%
2017 28.6% 103.8% 21.8% 133.6%
2018 31.2% 105.5% 37.9% 175.3%
2019 28% 98.3% 21% 206%
2020 33.9% 120% 11.2% 337%
2021 32.1% 104.3% 13.1% 254.2%
2022 32.9% 100.3% 15.1% 164.4%
2023 33.3% 90.8% 13.2% 138.5%
2024 33.9% 96.6% 17.6% 164.3%
2025 32.2% 101.1% 15.7% 192.4%

Government deficit by year

In 2014, Mozambique's government deficit, the difference between spending and revenue, was -$1.75B, equivalent to -9.75% of GDP. This compares to Venezuela's deficit of -$47.3B, or -9.81% of GDP.

Over the past 24 years, Mozambique recorded a fiscal deficit in 24 of those years, while Venezuela ran a deficit in 17 years. On average, Mozambique posted an annual deficit equal to -2.91% of GDP, compared to deficit of -3.18% of GDP for Venezuela.

Deficit/surplus
Mozambique

Venezuela
Year Deficit/surplus, % of GDP
Mozambique Venezuela
1920 - -1.75%
1921 - -0.97%
1922 - 1.57%
1923 - 1.32%
1924 - 0.37%
1925 - 0.54%
1926 - 0.14%
1927 - 1.55%
1928 - -0.68%
1929 - -0.34%
1930 - -2.03%
1931 - 1.02%
1932 - 0.51%
1933 - 1.03%
1934 - 1.34%
1935 - -2.23%
1936 - -0.52%
1937 - 0.73%
1938 - 0.68%
1939 - -0.78%
1940 - -1.07%
1941 - 0.01%
1942 - 0.2%
1943 - -0.27%
1944 - 1.85%
1945 - 2.9%
1946 - -0.9%
1947 - 0.09%
1948 - 1.27%
1949 - 0.15%
1950 - -0.23%
1951 - -0.24%
1952 - -0.5%
1953 - 0.03%
1954 - 1.84%
1955 - 0.38%
1956 - 0.76%
1957 - 6.7%
1958 - -4.86%
1959 - -4.98%
1960 - -4.08%
1961 - -1.91%
1962 - 2.14%
1963 - 1.92%
1964 - 1.91%
1965 - 0.39%
1966 - 0.23%
1967 - 0.51%
1968 - -0.32%
1969 - -2.17%
1970 - -1.22%
1971 - 0.78%
1972 - 0.42%
1973 - 1.98%
1974 - 2.76%
1975 - 0.88%
1976 - 1.65%
1977 - -4.69%
1978 - -5.44%
1979 - -3.07%
1980 -1.47% 4.41%
1981 -7.41% 4.74%
1982 -3.61% -0.17%
1983 -15.8% 1.24%
1984 -13.4% 5.33%
1985 -9.69% 6.97%
1986 -12.1% 0.82%
1987 -7.24% -7.47%
1988 -6.47% -9.24%
1989 -4.23% -0.91%
1990 -4.42% 3.84%
1991 -2.01% -2.28%
1992 -1.85% -6.37%
1993 -2.53% -2.92%
1994 -4% -11.2%
1995 -2.46% -5.86%
1996 -2.07% 7.94%
1997 -1.81% 2.58%
1998 -1.08% -4.49%
1999 -0.31% 0.74%
2000 -1.26% 4.45%
2001 -4.43% -4.59%
2002 -3.36% -1.48%
2003 -2.64% 0.17%
2004 -3.17% 2.47%
2005 -2.06% 4.09%
2006 -3.03% -1.6%
2007 -2.19% -2.82%
2008 -1.9% -3.46%
2009 -4.35% -8.69%
2010 -3.4% -4.74%
2011 -4.34% -8.24%
2012 -3.45% -9.86%
2013 -2.46% -10.4%
2014 -9.75% -9.81%
2015 -6.55% -8.06%
2016 -5.06% -8.46%
2017 -1.99% -13.3%
2018 -5.7% -31%
2019 1.7% -10.9%
2020 -6.19% -6.63%
2021 -5.23% -5.85%
2022 -5.22% -5.29%
2023 -4.23% -1.21%
2024 -6.38% -3.58%
2025 -5.58% -5.51%

Inflation comparison by year

Over the past 30 years, Mozambique has recorded an average annual inflation rate of 9.54%, compared with 3,049% in Venezuela. In 2025, inflation was 4.9% in Mozambique and 269.9% in Venezuela.

Inflation
Mozambique

Venezuela
Year Inflation
Mozambique Venezuela Mozambique Venezuela
1996 48.5% 99.9%
1997 7.4% 50%
1998 1.5% 35.8%
1999 2.9% 23.6%
2000 12.7% 16.2%
2001 9.1% 12.5%
2002 16.8% 22.4%
2003 13.5% 31.1%
2004 12.6% 21.7%
2005 6.4% 16%
2006 13.2% 13.7%
2007 10.4% 18.7%
2008 14.5% 31.4%
2009 3.8% 26%
2010 12.4% 28.2%
2011 11.2% 26.1%
2012 2.6% 21.1%
2013 4.3% 40.6%
2014 2.6% 62.2%
2015 3.6% 121.7%
2016 18.4% 254.9%
2017 15.8% 438%
2018 3.2% 65,374%
2019 5.7% 19,906%
2020 0.9% 2,355%
2021 6.6% 1,589%
2022 10.4% 186.5%
2023 7% 338%
2024 3.2% 49%
2025 4.9% 269.9%

Top exports between countries

Mozambique
Export category Export value
Raw agricultural goods $269K
Venezuela
Export category Export value

Balance of trade

Mozambique Venezuela
Current account balance
-$2.49B
2024
-$3.87B
2016
Current account balance ranking
148/189
2024
158/189
2016
Current account balance, % of GDP
-11.1%
2024
+1.02%
2014
Goods imports
$8.38B
2024
$16.3B
2016
Goods exports
$8.21B
2024
$27.4B
2016
Service imports
$2.11B
2024
$9.47B
2016
Service exports
$1.15B
2024
$1.28B
2016
Imports of goods and services, % of GDP
52.9%
2024
31.4%
2014
Exports of goods and services, % of GDP
42.7%
2024
16.7%
2014

Economic freedom indices

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

Mozambique Venezuela
Economic freedom 50.7 27.6
Economic freedom ranking 163/197 194/197
Property rights 31.6 0.7
Government integrity 24.9 6.7
Judicial effectiveness 44.9 4.1
Tax burden 75.4 75.9
Government spending 68.8 93.8
Fiscal health 51.9 29.1
Business freedom 37.3 32.5
Labor freedom 47.7 35.9
Monetary freedom 72.3 0
Trade freedom 74 42.2
Investment freedom 40 0
Financial freedom 40 10

Economic freedom by year comparison

The Economic Freedom Index for Mozambique is 50.7, ranking 163/197, compared to 27.6 for Venezuela, ranking 194/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Mozambique
Venezuela
Year Economic freedom index
Mozambique Venezuela
1995 45.5 59.8
1996 48.4 54.5
1997 44 52.8
1998 43 54
1999 48.9 56.1
2000 52.2 57.4
2001 59.2 54.6
2002 57.7 54.7
2003 58.6 54.8
2004 57.2 46.7
2005 54.6 45.2
2006 51.9 44.6
2007 54.7 47.9
2008 55.4 44.7
2009 55.7 39.9
2010 56 37.1
2011 56.8 37.6
2012 57.1 38.1
2013 55 36.1
2014 55 36.3
2015 54.8 34.3
2016 53.2 33.7
2017 49.9 27
2018 46.3 25.2
2019 48.6 25.9
2020 50.5 25.2
2021 51.6 24.7
2022 51.3 24.8
2023 52.5 25.8
2024 50.7 28.1
2025 50.7 27.6

More economic indicators

Mozambique Venezuela
Services, % of GDP
38.4%
2024
51.7%
2014
Industry, % of GDP
24.6%
2024
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
26.3%
2024
5.03%
2014
GNI, Atlas method
$18.9B
2024
$393B
2014
GNI per capita, PPP
$1,510
2024
$16,910
2011
Total reserves including gold
$3.84B
2024
$9.79B
2017
Total reserves ranking
108/177
2024
77/177
2017
Net foreign direct investment
-$3.55B
2024
-$27M
2016
Net inflows of foreign direct investment
$3.51B
2024
$1.63B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
22.7%
2023
n/a
Poverty at national poverty lines
65%
2022
33.1%
2015
Gross capital formation, % of GDP
24.1%
2024
24.8%
2014

GDP per capita map

GDP per capita

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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.