Mozambique vs Zambia

Mozambique vs Zambia: Government debt

Government debt: 90.8% of GDP in Mozambique in 2023 and 100.6% of GDP in Zambia in 2025, by IMF estimates. In 2023 the value was higher in Zambia, by 46 percentage points, or 1.51 times that in Mozambique.

% of GDP · IMF

Mozambique vs Zambia: Government debtGovernment debt: 90.8% of GDP in Mozambique in 2023 and 100.6% of GDP in Zambia in 2025, by IMF estimates. In 2023 the value was higher in Zambia, by 46 percentage points, or 1.51 times that in Mozambique.
MozambiqueZambiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Zambia has been higher since 2019, when it overtook Mozambique.
  • The IMF projection (World Economic Outlook, October 2026) puts Mozambique at 98.7% of GDP and Zambia at 56.7% of GDP in 2031.

Every year

% of GDP · IMF

YearMozambiqueZambia
202590.3100.6
202491.2125.5
202390.8136.8
202297.399.5
2021101.4111
2020120140
201998.3103.3
2018105.581.2
2017103.866.6
2016124.861.2
20158661.9
201463.433.9
201349.525.9
201236.724.9
201134.220.8
201038.618.9
200939.320.5
200832.819.2
200731.221.9
20064025
200560.175.8
200450.8129.9
200363.2159.5
200263.4180.2
200199.8210.2
200095.8261
199994.7–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearMozambiqueZambia
20269182.1
202798.677
2028104.872.3
2029109.867.2
2030108.861.9
203198.756.7

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

Mozambique vs Zambia

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