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Macro

Morocco

Middle East, North Africa, Afghanistan & Pakistan · Lower middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 13.7%
Current prices2025
183USD bn
GDP per capita▲ 12.7%
Current prices2025
4,842USD
Real GDP growth▲ 1.1 pp
Annual change2025
4.9%
Inflation▼ 0.2 pp
Average consumer prices2025
0.8%
Unemployment▼ 0.3 pp
Rate2025
13.0%
Current account▼ 0.9 pp
Balance2025
-2.1% of GDP
Population▲ 0.9%
Total2025
37.71million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-7.20.013.51995: -6.3%1996: 13.5%1997: -2.0%1998: 8.0%1999: 0.5%2000: 1.6%2001: 7.6%2002: 3.3%2003: 6.3%2004: 4.8%2005: 3.0%2006: 7.8%2007: 2.7%2008: 5.9%2009: 4.2%2010: 3.8%2011: 5.2%2012: 3.0%2013: 4.5%2014: 2.7%2015: 4.3%2016: 0.5%2017: 5.1%2018: 3.1%2019: 2.9%2020: -7.2%2021: 8.2%2022: 1.8%2023: 3.7%2024: 3.8%2025: 4.9%2026: 4.9% (IMF projection)2027: 4.5% (IMF projection)2028: 4.5% (IMF projection)2029: 4.4% (IMF projection)2030: 4.1% (IMF projection)2031: 4.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-0.20.06.61995: 6.3%1996: 2.8%1997: 1.1%1998: 2.7%1999: 0.8%2000: 1.8%2001: 0.6%2002: 2.8%2003: 1.1%2004: 1.5%2005: 1.1%2006: 3.2%2007: 2.0%2008: 3.8%2009: -0.2%2010: 1.0%2011: 1.0%2012: 1.3%2013: 1.8%2014: 0.5%2015: 1.6%2016: 1.5%2017: 0.8%2018: 1.6%2019: 0.2%2020: 0.7%2021: 1.4%2022: 6.6%2023: 6.1%2024: 0.9%2025: 0.8%2026: 1.3% (IMF projection)2027: 1.6% (IMF projection)2028: 2.0% (IMF projection)2029: 2.0% (IMF projection)2030: 2.0% (IMF projection)2031: 2.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %8.21.83.73.84.94.94.54.54.44.1
Inflation, average consumer prices %1.46.66.10.90.81.31.62.02.02.0
Unemployment rate %12.311.813.013.313.012.211.311.011.011.0
GDP, current prices USD bn142131146161183194213228245263
GDP per capita, current prices USD3,9113,5793,9454,2984,8425,1075,5455,8876,2796,693
GDP per capita, PPP Int. USD8,9089,62010,24310,79411,53812,33613,06113,75614,49815,250
General government net lending/borrowing % of GDP-5.9-5.4-4.4-3.9-3.5-3.5-3.4-3.3-3.2-3.1
Current account balance % of GDP-2.3-3.5-1.0-1.2-2.1-3.1-2.9-3.1-3.4-3.2
Population million36.3136.6737.0237.3737.7138.0538.3838.7139.0239.33

Government debt, % of GDP

General government gross debt

No data

Current account, % of GDP

Balance of payments
-8.80.03.22000: -3.4%2001: 1.9%2002: 3.2%2003: 2.8%2004: 1.5%2005: 1.6%2006: 1.9%2007: -0.1%2008: -4.6%2009: -4.9%2010: -4.0%2011: -7.3%2012: -8.8%2013: -6.8%2014: -5.5%2015: -2.0%2016: -3.8%2017: -3.2%2018: -4.9%2019: -3.4%2020: -1.2%2021: -2.3%2022: -3.5%2023: -1.0%2024: -1.2%2025: -2.1%2026: -3.1% (IMF projection)2027: -2.9% (IMF projection)2028: -3.1% (IMF projection)2029: -3.4% (IMF projection)2030: -3.2% (IMF projection)2031: -3.3% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199513.526.318.948.0
200510.723.715.647.4
201511.825.615.052.2
202510.525.214.952.3

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method4,360USD2025+32.1%
GNI, Atlas method170USD bn2025+46.9%
Exports of goods and services42.0% of GDP2025+12.0 pp
Imports of goods and services51.1% of GDP2025+13.8 pp
Life expectancy at birth75.5years2024+4.1%
Urban population63.1% of total2025+2.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)