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%.

Morocco GDP from 1980 to 2024

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

Change Chart

    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)

    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