Madagascar vs Mozambique

Madagascar vs Mozambique: Government debt

Government debt: 47.8% of GDP in Madagascar in 2025 and 90.8% of GDP in Mozambique in 2023, by IMF estimates. In 2023 the value was higher in Mozambique, by 38.7 percentage points, or 1.74 times that in Madagascar.

% of GDP · IMF

Madagascar vs Mozambique: Government debtGovernment debt: 47.8% of GDP in Madagascar in 2025 and 90.8% of GDP in Mozambique in 2023, by IMF estimates. In 2023 the value was higher in Mozambique, by 38.7 percentage points, or 1.74 times that in Madagascar.
MadagascarMozambiqueIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Mozambique has been higher since 2006, when it overtook Madagascar.
  • The IMF projection (World Economic Outlook, October 2026) puts Madagascar at 49.7% of GDP and Mozambique at 98.7% of GDP in 2031.

Every year

% of GDP · IMF

YearMadagascarMozambique
202547.890.3
202449.891.2
202352.290.8
202249.897.3
202149.4101.4
202052.9120
201941.398.3
201842.9105.5
201740.1103.8
201640.3124.8
201544.186
201437.963.4
201336.249.5
201230.436.7
20113034.2
201032.338.6
200934.939.3
20083132.8
200728.231.2
200632.240
200574.460.1
200481.950.8
200385.963.2
200286.763.4
200182.199.8
200090.295.8
1999104.194.7
1998108.5–
199789.7–
199698.7–
199595.8–
199496–
1993105.2–
1992110.9–
1991113.8–
199092.7–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearMadagascarMozambique
202649.891
202750.698.6
202850.9104.8
202950.9109.8
203049.9108.8
203149.798.7

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Madagascar vs Mozambique

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