Morocco GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Morocco GDP from 1980 to 2024

The total market value of goods and services produced annually in Morocco.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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