Morocco's GDP changed from approximately $23B 807M in 1980 to $152B 377M in 2024, showing an overall 540.1% sharply increased during the period.
The lowest GDP was recorded in 1984 at $16B 129M, and the highest in 2024 at $152B 377M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.3%.
For comparison, the average annual growth rate of Algeria was 4.1%, and that of Mauritania was 5.4%.
Morocco GDP from 1980 to 2024
The total market value of goods and services produced annually in Morocco.
Overview of Morocco's GDP (1980–2024)
The Gross Domestic Product (GDP) of Morocco recorded a 540.1% sharply increased from 1980 to 2024.
The average GDP during this period was $69B 589M, and the median was $46B 710M.
GDP fluctuated within a range of $136B 247M, with a standard deviation of $43B 186M.
The average annual change was $3B 185M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $16B 129M
- Highest GDP: 2024, $152B 377M
- Most Recent GDP: 2024, $152B 377M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2022: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Morocco's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $128B 919M → $121B 354M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $85B 539M → $100B 535M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $42B 53M → $42B 704M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $42B 366M → $45B 243M
- Outcome: increased
Key Economic Indicators of Morocco (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 23B 807M | $ 1,225.16 | $ 1,627.73 | $ 31B 630M | 3.792 % | -3.715 % | 17.12 % | 0 % | 19M 432K people |
1981 | $ 19B 329M | $ 969.43 | $ 1,688.45 | $ 33B 665M | -2.765 % | -5.877 % | 15.13 % | 0 % | 19M 938K people |
1982 | $ 19B 510M | $ 953.63 | $ 1,915.22 | $ 39B 183M | 9.619 % | -4.991 % | 17.13 % | 0 % | 20M 459K people |
1983 | $ 17B 635M | $ 842 | $ 1,933.25 | $ 40B 491M | -0.557 % | -5.62 % | 18.62 % | 0 % | 20M 944K people |
1984 | $ 16B 129M | $ 752.28 | $ 2,041.50 | $ 43B 772M | 4.337 % | -5.474 % | 18.61 % | 0 % | 21M 441K people |
1985 | $ 16B 280M | $ 741.67 | $ 2,187.26 | $ 48B 12M | 6.324 % | -7.747 % | 21.75 % | 0 % | 21M 951K people |
1986 | $ 21B 497M | $ 956.73 | $ 2,360.72 | $ 53B 44M | 8.3 % | -5.761 % | 22.77 % | 0 % | 22M 469K people |
1987 | $ 23B 713M | $ 1,030.89 | $ 2,303.06 | $ 52B 975M | -2.544 % | -6.485 % | 23.26 % | 0 % | 23M 2K people |
1988 | $ 28B 80M | $ 1,193.50 | $ 2,573.78 | $ 60B 555M | 10.415 % | 0.37 % | 22.39 % | 0 % | 23M 528K people |
1989 | $ 28B 901M | $ 1,200.49 | $ 2,675.80 | $ 64B 419M | 2.366 % | -3.477 % | 20.23 % | 0 % | 24M 75K people |
1990 | $ 32B 661M | $ 1,351.48 | $ 2,876.89 | $ 69B 526M | 4.035 % | -2.185 % | 23.81 % | 3.579 % | 24M 167K people |
1991 | $ 34B 940M | $ 1,418.36 | $ 3,138.01 | $ 77B 302M | 7.547 % | -2.342 % | 21.93 % | 3.478 % | 24M 634K people |
1992 | $ 36B 483M | $ 1,453.80 | $ 3,058.96 | $ 76B 765M | -2.908 % | -2.394 % | 21.89 % | 2.498 % | 25M 95K people |
1993 | $ 34B 259M | $ 1,340.92 | $ 3,044.96 | $ 77B 796M | -1.003 % | -2.453 % | 21.49 % | 2.62 % | 25M 549K people |
1994 | $ 38B 532M | $ 1,482.24 | $ 3,407.83 | $ 88B 590M | 11.494 % | -3.099 % | 19.25 % | 1.949 % | 25M 996K people |
1995 | $ 42B 238M | $ 1,600.89 | $ 3,211.17 | $ 84B 723M | -6.328 % | -4.418 % | 17.75 % | 2.113 % | 26M 384K people |
1996 | $ 46B 710M | $ 1,745.45 | $ 3,657.82 | $ 97B 887M | 13.46 % | -1.4 % | 20.32 % | 5.113 % | 26M 761K people |
1997 | $ 42B 366M | $ 1,561.01 | $ 3,595.12 | $ 97B 572M | -2.012 % | -1.893 % | 21.22 % | 5.754 % | 27M 140K people |
1998 | $ 45B 243M | $ 1,644.07 | $ 3,871.55 | $ 106B 541M | 7.979 % | -2.044 % | 21.47 % | 5.577 % | 27M 519K people |
1999 | $ 45B 55M | $ 1,614.86 | $ 3,893.22 | $ 108B 621M | 0.529 % | -2.235 % | 19.07 % | 7.187 % | 27M 900K people |