Morocco Morocco

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Morocco, is a country located at Northern Africa, it has an area of 446,550 Km2.

Morocco, with a population of 36,669,000 people, it is ranked at 39º position by population of 196 countries and it has a moderate population density, 82 people per km2.

It's capital is Rabat and its currency is Moroccan dirhams

Morocco is holding the 60 position by nominal GDP. Its national debt in 2022 was 88,790 millions of euros (93,574 millions of dollars), ( 71.48% debt-to-GDP ratio) and its public debt per capita is €2,421 euros per inhabitant$2,552 dollars per inhabitant.

The last annual rate of CPI published in Morocco was on January of 2024 and it was 2.3%.

In terms of the human development index (HDI) of Morocco, which is the index used by the United Nations to measure the progress of a country, was 0.683 points in 2021, leaving it in 124th place in the table of 191 countries published.

If the reason to visit Morocco are business, you must know it's in the 53th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Morocco, if you want to see information about other countries click here

Morocco Economy
Gouvernement
Annual GDP [+]2022€124,220M
Annual GDP [+]2022$130,913M
GDP per capita [+]2022€3,388
GDP per capita [+]2022$3,570
Debt (M.€.) [+]202288,790
Debt ($M) [+]202293,574
Debt (%GDP) [+]202271.48%
Debt Per Capita [+]2022€2,421
Debt Per Capita [+]2022$2,552
Deficit (M.€) [+]2022-6,486
Deficit ($M) [+]2022-6,835
Deficit (%GDP) [+]2022-5.22%
Expenditure (M.€) [+]202240,034.5
Expenditure ($M) [+]202242,191.4
Education Expenditure (M.€) [+]20207,181.9
Education Expenditure ($M) [+]20208,196.6
Education Expenditure (%Bud.) [+]202116.86%
Gov. Health Exp. (M.€) [+]20172,362.3
Gov. Health Exp.($M) [+]20172,667.7
Gov. Health Exp. (%Bud.) [+]20177.49%
Defence Expenditure (M.€) [+]20224,850.7
Defence Expenditure ($M) [+]20225,112.1
Defence Expenditure (%Bud.) [+]202212.06%
Expenditure (%GDP) [+]202232.23%
Expenditure Per Capita [+]2022€1,092
Expenditure Per Capita [+]2022$1,151
Education Expenditure P.C [+]2020€200
Education Expenditure P.C [+]2020$228
Gov. Health Exp. P.C. [+]2017€61
Gov. Health Exp. P.C. [+]2017$69
Defence Expenditure P.C. [+]2022€132
Defence Expenditure P.C. [+]2022$139
Moody's Rating [+]07/01/2022Ba1
S&P Rating [+]04/02/2021BB+
Fitch Rating [+]10/23/2020BB+
Corruption Index [+]202238
Competitiveness Ranking [+]201975º
Fragile States Index [+]201874.0
RTI Raking [+]202292º
Innovation Ranking [+]201876º
Labour
Unemployment rate [+]2016Q39.6%
Unemployed [+]2016Q31,142K
NMW [+]2022$285.6
NMW [+]2022€276.0
Human Capital Ranking [+]2017118º
Markets
Euro / Moroccan dirhams [+]03/01/202410.9138
US Dollar exchange rate [+]03/01/202410.0943
Stock ExchangeYTD % [+]12/29/20240%
Prices
CPI (overall index) [+]January 20242.3%
Money Market
Key rates [+]11/26/20233.00%
Business
Doing Business [+]202053º
Passengers vehicles Year [+]December 2022143,265
Annual Vehicles/ 1,000 p. [+]December 20224.40
Motor vehicle production [+]2022464,864
Vehicles / 1,000 people [+]2020114.60
Taxes
Tax Revenue (%GDP) [+]202127.1%
Standard VAT [+]01/01/201320.00%
Top tax rate + SSC [+]202038.0%
Trade
Annual arrivals [+]201912,932,260
Exports [+]2021€30,306.1M
Exports [+]2021$35,843.1M
Exports % GDP [+]202125.29%
Imports [+]2021€49,069.3M
Imports [+]2021$58,034.2M
Imports % GDP [+]202140.95%
Trade balance [+]2021€-18,763.1M
Trade balance [+]2021$-22,191.1M
Trade balance % GDP [+]2021-15.66%
Socio-Demography
Global AgeWatch Ranking [+]201584º
Density [+]202282
Global Peace Ranking [+]202384º
Remittance received ($M) [+]20177,467.2
% Immigrant [+]20200.28%
% Emigrant [+]20209.07%
Birth Rate [+]202117.55‰
Remittance sent ($M) [+]2017102.4
Crude death rate [+]20216.17‰
Fertility Rate [+]20212.33
% risk of poverty [+]20134.8%
Population [+]202236,669,000
Immigrant stock [+]2020102,358
Emigrant stock [+]20203,262,222
HDI [+]20210.683
Gender Gap Ranking [+]2023136º
Life expectancy [+]202174.04
Suicides [+]20151,644
Suicide rate [+]20154.82
Number of homicides [+]2022618
Rate Homicides per 100.000 [+]20221.65
Energy and Environment
CO2 Tons per capita [+]20211.97
Annual crude oil production [+]20220
Crude Oil Reserves [+]20210.7
Consumption GWh [+]202135,386
Generation GWh [+]202141,151
Others
COVID-19 - Deaths [+]02/18/202416,303
COVID-19 - Confirmed [+]02/18/20241,278,988
Fully vaccinated [+]05/14/202323,521,989
COVID-19 - Deaths per million population [+]02/18/2024444.60
Doses administered [+]05/14/202355,389,602