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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
