[ Nominal GDP in billions of USD ]
Year -
$160.61 billions
Morocco GDP expanded from 1960 to 2024, increasing from $2.04 billion to $160.61 billion.The compound annual growth rate (CAGR) averaged 7.06% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 31.8%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 160.61 Billions | $ 402.77 Int Billions |
| Growth (YoY) | 9.98% | 6.303% |
| Net Change vs Previous Year | $ 14.58 Billion | $ 23.88 Int Billion |
| % of World GDP | 0.14% | 0.20% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 2.04 | - | - | - | - | - |
| 1961 | 2.03 | -0.01 | -0.563 % | - | - | - |
| 1962 | 2.38 | 0.35 | 17.471 % | - | - | - |
| 1963 | 2.66 | 0.28 | 11.668 % | - | - | - |
| 1964 | 2.8 | 0.14 | 5.31 % | - | - | - |
| 1965 | 2.95 | 0.15 | 5.36 % | - | - | - |
| 1966 | 2.88 | -0.07 | -2.44 % | - | - | - |
| 1967 | 3.05 | 0.17 | 5.908 % | - | - | - |
| 1968 | 3.27 | 0.23 | 7.388 % | - | - | - |
| 1969 | 3.65 | 0.38 | 11.622 % | - | - | - |
| 1970 | 3.96 | 0.3 | 8.345 % | - | - | - |
| 1971 | 4.36 | 0.4 | 10.119 % | - | - | - |
| 1972 | 5.07 | 0.72 | 16.468 % | - | - | - |
| 1973 | 6.24 | 1.17 | 23.019 % | - | - | - |
| 1974 | 7.68 | 1.43 | 22.962 % | - | - | - |
| 1975 | 8.98 | 1.31 | 17.059 % | - | - | - |
| 1976 | 9.58 | 0.6 | 6.672 % | - | - | - |
| 1977 | 11.05 | 1.47 | 15.29 % | - | - | - |
| 1978 | 13.24 | 2.19 | 19.794 % | - | - | - |
| 1979 | 15.91 | 2.68 | 20.209 % | - | - | - |
| 1980 | 21.73 | 5.82 | 36.554 % | - | - | - |
| 1981 | 17.79 | -3.94 | -18.134 % | - | - | - |
| 1982 | 17.69 | -0.1 | -0.539 % | - | - | - |
| 1983 | 16.25 | -1.44 | -8.144 % | - | - | - |
| 1984 | 14.82 | -1.43 | -8.779 % | - | - | - |
| 1985 | 14.99 | 0.17 | 1.124 % | - | - | - |
| 1986 | 19.46 | 4.47 | 29.823 % | - | - | - |
| 1987 | 21.77 | 2.3 | 11.834 % | - | - | - |
| 1988 | 25.71 | 3.94 | 18.103 % | - | - | - |
| 1989 | 26.31 | 0.61 | 2.369 % | - | - | - |
| 1990 | 30.18 | 3.87 | 14.69 % | 68.19 | - | - |
| 1991 | 32.29 | 2.11 | 6.977 % | 75.58 | 7.39 | 10.842 % |
| 1992 | 33.71 | 1.43 | 4.415 % | 75.68 | 0.1 | 0.133 % |
| 1993 | 31.66 | -2.06 | -6.098 % | 76.9 | 1.22 | 1.612 % |
| 1994 | 35.6 | 3.95 | 12.474 % | 86.86 | 9.96 | 12.949 % |
| 1995 | 39.03 | 3.43 | 9.623 % | 83.88 | -2.97 | -3.422 % |
| 1996 | 43.16 | 4.13 | 10.585 % | 95.99 | 12.1 | 14.43 % |
| 1997 | 39.15 | -4.01 | -9.299 % | 96.12 | 0.13 | 0.137 % |
| 1998 | 46.5 | 7.35 | 18.774 % | 104.24 | 8.12 | 8.444 % |
| 1999 | 46.27 | -0.23 | -0.497 % | 107.51 | 3.27 | 3.136 % |
| 2000 | 43.02 | -3.25 | -7.022 % | 112.78 | 5.27 | 4.906 % |
| 2001 | 43.83 | 0.81 | 1.892 % | 124.22 | 11.44 | 10.147 % |
| 2002 | 47.08 | 3.25 | 7.405 % | 130.86 | 6.64 | 5.343 % |
| 2003 | 58.03 | 10.95 | 23.264 % | 141.68 | 10.82 | 8.267 % |
| 2004 | 66.11 | 8.08 | 13.932 % | 152.14 | 10.46 | 7.384 % |
| 2005 | 68.85 | 2.74 | 4.142 % | 161.92 | 9.78 | 6.428 % |
| 2006 | 75.88 | 7.03 | 10.212 % | 179.92 | 18 | 11.115 % |
| 2007 | 86.95 | 11.06 | 14.58 % | 191.15 | 11.23 | 6.244 % |
| 2008 | 101.82 | 14.88 | 17.108 % | 205.91 | 14.76 | 7.721 % |
| 2009 | 101.16 | -0.67 | -0.656 % | 214.94 | 9.03 | 4.385 % |
| 2010 | 100.87 | -0.29 | -0.287 % | 225.16 | 10.23 | 4.758 % |
| 2011 | 110.08 | 9.22 | 9.137 % | 242.5 | 17.34 | 7.702 % |
| 2012 | 106.94 | -3.14 | -2.856 % | 246.97 | 4.47 | 1.842 % |
| 2013 | 115.74 | 8.8 | 8.231 % | 258.28 | 11.31 | 4.579 % |
| 2014 | 119.13 | 3.39 | 2.931 % | 250.97 | -7.31 | -2.83 % |
| 2015 | 110.41 | -8.72 | -7.317 % | 273.7 | 22.73 | 9.057 % |
| 2016 | 111.57 | 1.16 | 1.05 % | 278.97 | 5.27 | 1.925 % |
| 2017 | 118.54 | 6.97 | 6.245 % | 291.81 | 12.85 | 4.604 % |
| 2018 | 127.34 | 8.8 | 7.424 % | 283.69 | -8.12 | -2.784 % |
| 2019 | 128.92 | 1.58 | 1.24 % | 295.69 | 12 | 4.231 % |
| 2020 | 121.35 | -7.57 | -5.869 % | 286.11 | -9.59 | -3.242 % |
| 2021 | 142.02 | 20.67 | 17.031 % | 323.49 | 37.38 | 13.064 % |
| 2022 | 131.25 | -10.78 | -7.588 % | 352.83 | 29.35 | 9.072 % |
| 2023 | 146.04 | 14.79 | 11.27 % | 378.89 | 26.06 | 7.385 % |
| 2024 | 160.61 | 14.58 | 9.98 % | 402.77 | 23.88 | 6.303 % |
Between 1960 to 2024, Morocco experienced the following economic phases:
The most remarkable growth occurred in 1980 with an increase of 36.554%, while the largest decline was in 1981 at -18.134%.