Mozambique vs South Africa

Mozambique vs South Africa: Government debt

Government debt: 90.8% of GDP in Mozambique in 2023 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2023 the value was higher in Mozambique, by 17.6 percentage points, or 1.24 times that in South Africa.

% of GDP · IMF

Mozambique vs South Africa: Government debtGovernment debt: 90.8% of GDP in Mozambique in 2023 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2023 the value was higher in Mozambique, by 17.6 percentage points, or 1.24 times that in South Africa.
MozambiqueSouth AfricaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Mozambique has been higher since 2013, when it overtook South Africa.
  • The IMF projection (World Economic Outlook, October 2026) puts Mozambique at 98.7% of GDP and South Africa at 79.8% of GDP in 2031.

Every year

% of GDP · IMF

YearMozambiqueSouth Africa
202491.276
202390.873.2
202297.370.7
2021101.468.8
202012068.9
201998.356.1
2018105.551.5
2017103.848.6
2016124.847.1
20158645.2
201463.443.3
201349.540.4
201236.737.4
201134.234.7
201038.631.2
200939.327
200832.824.1
200731.224.3
20064028
200560.129.6
200450.830.7
200363.231.5
200263.431.8
200199.838.1
200095.837.9
199994.7–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearMozambiqueSouth Africa
202590.378.4
20269178
202798.678.1
2028104.878.8
2029109.879.5
2030108.879.7
203198.779.8

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.

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

Mozambique vs South Africa

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