Morocco economy 2023 ranking. 3 percent in 2025 and 3.

Morocco economy 2023 ranking In 788, about a century after the Arab conquest of North Africa, a series of Moroccan Muslim dynasties began to rule in Morocco. The highest value was in Luxembourg: 132847 U. Data. In comparison, the world average is 33. 9% of GDP in 2024, followed by an increase to above 27% in 2025. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. Nov 16, 2023 · m-up in the medium term. Nov 26, 2024 · Morocco has slipped 12 places to 82nd out of 119 countries in its ranking in the World Economic Forum’s Travel & Tourism Development Index 2024. Related information about Morocco Nominal GDP. 2% of GDP in 2024 and 4. Gross Domestic Product of Morocco grew 3. [Online]. 77 USD from 1966 until 2023, reaching an all time high of 3370. In the 16th century, the Sa'adi monarchy, particularly under Ahmad al-MANSUR (1578-1603), repelled foreign invaders and inaugurated a golden age. 9% rise in the same period of 2023. 2% in 2021, driven by large fiscal deficits and economic slowdown. Figures in italics are for 2022 or 2021. 5 points, was reached in 2018 while the maximum of 60 points was recorded An economic powerhouse of the African continent, the Kingdom of Morocco sits at the crossroads of Europe, Sub-Saharan Africa and the Middle East. Country comparison Iran vs Morocco 2024 | countryeconomy. From 2017 to 2022, the Heritage Foundation lowered its grades for Morocco in several key economic freedoms: “investment” (from 70. 6% over the last decade. Sep 28, 2024 · What does AI Integration in Morocco’s Economy mean? The plan aims to improve public services and boost the economy. 1 Sara Zouiten, “Report: Morocco has highest quality of life in Africa in 2023,” Morocco World News, January 20, 2023. However, deficit is projected to continue growing 4. Morocco, is a country located at Northern Africa, it has an area of 446,550 Km2. 6 % YoY in Sep 2022. 4% in 2023. 50 billion USD. 81 percent, an increase from 19. 62 percent in 2022. Jan 2, 2025 · Visit the Definitions and Notes page to view a description of each topic. Country comparison Pakistan vs Morocco 2025 | countryeconomy. The Gross Domestic Product per capita in Morocco was last recorded at 3370. Country comparison India vs Morocco 2025 | countryeconomy. 87% decline from 2019. Jul 1, 2024 · Note: Table list 217 economies, but rankings include only those with confirmed GDP estimates for at least one year during the last three years period. The ranking places the country in the 3rd quartile of nations assessed for their economic freedom. 9% in 2025, according to a recent outlook from The real economic growth rate is calculated used real GDP (at constant prices), adjusted for inflation. 6% for the Middle East and 3. Growth will recover to 3. Vermont, the U. 2 87. 3% published in 2022. 7 and 85. In the latest reports, Morocco GDP expanded 1. Morocco is therefore currently ranked 61 of the major economies. Jun 7, 2023 · Morocco. The Fraser Index of Economic Freedom gives Morocco a similar global ranking at 99th (for 2020), which also indicates steady and consistent progress since 1980. Oct 29, 2024 · The United States (1,6) is present in both lists of the top ten GDP and GDP per capita rankings in nominal terms. The budget deficit improved from 5. 3 65. In West Africa, several countries demonstrated notable economic growth in 2023. com Main navigation Gender Gap Ranking [+] 2023 Nov 16, 2023 · But Shared Prosperity Can Improve by Including More Women in the Labor Market. Feb 20, 2024 · The Economist Intelligence Unit has released its annual Democracy Index report for 2023, ranking Morocco 93rd out of 167 countries and 2nd in the Middle East and North Africa (MENA) region. 5 points in 2018. Annual rate of growth in n (%) = [(GDP period n - GDP period (n-1) / GDP period (n-1)] x 100. 4% below the pre-pandemic trend; potential growth has been declining since the early 2010s; volatile precipitations are increasingly affecting the economy; and the combined effect of the drought, rising international food and energy Sep 20, 2023 · The Moroccan national futsal team maintained its position as the 8th best futsal team in the world, according to the latest Futsal World Ranking (FWR). Historical data, infographics, charts, and financial indicators on Take-profit. GDP in Morocco, on the other hand, reached USD 3,829 per capita, or 144. 3%, respectively, supported by infrastructure spending, strong industrial performance and recovery in domestic consumption. Historically, the average for Morocco from 1991 to 2023 is 24. 2 85. 8 percent in 2023, real GDP growth is projected to reach 3. 09%. Morocco has embarked on major reforms to encourage investment and to extend health insurance and social Apr 15, 2024 · Attijariwafa Bank’s success story is further accentuated by a remarkable 19. 3%, growth rebounded in 2023 to 3. Morocco economic growth for 2022 was $130. 79 on Data and Infrastructure. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net exports. Morocco is a fairly stable economy with continuous growth over the past half-century. 2% and 3. 9% jump in net profit during 2023, reaching $916. Germany (3,17), Canada (9,19), Australia (14,12), the Netherlands (18,11), and Switzerland (20,2) are in the top twenty lists of GDP and GDP per capita. 21% respectively. GDP is the total value of all goods and services produced in a country in Morocco: Innovations index (0-100): The latest value from 2023 is 28. The population of Morocco is estimated to be 37. 62 percent, was reached in 2022 while the maximum of 26. It is calculated without making deductions for depreciation of fabricated assets or for Morocco’s economic position in 2022 is notable, with a GDP of 130. 0 points out of 100 to 65. This page provides the latest reported value for - Morocco Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco GDP Per Capita reached 3,934. 3 billion dirhams. 4 days ago · According to the report, the Moroccan passport ended 2024 in a stronger position, having ranked 71st the previous year and 80th and 78th in 2023 and 2022, respectively. 6% in 2023, from 74. 1 indicates standing in the higher end of the generic category, while 3 indicates ranking in the lower end. 1% expansion in the previous quarter and a 3. Apr 4, 2023 · The FDI Confidence Index 2023 has featured Morocco among the most attractive emerging markets for foreign direct investment (FDI, with the report ranking the North African country 16th out of the Dec 26, 2023 · Morocco’s performance in the rankings is reflected in its scores of 37. West Africa : Growing economies. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net exports, according to the World Bank's latest report, "From Jan 2, 2025 · Morocco contributes 0. Historically, the average for Morocco from 1982 to 2022 is 58. Dec 9, 2024 · The year 2023 marked a turning point for Morocco’s economy, with a notable 10% increase in gross domestic product (GDP), reaching an impressive 1,463. 42 billion USD for the whole country. 6% in 2025 and 4% in 2026. Mar 23, 2022 · Last month, the Heritage Foundation report downgraded Morocco’s rankings for the fifth consecutive year. The aim is to encourage economic activity and open isolated mountain areas. 7 Million which gives a current GDP per capita PPP of $13,073 at current market prices. Morocco scored 60. 61 points, based on data from 140 countries. RABAT, November 16, 2023 – After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. 7 million which gives a GDP per capita PPP of $11,788. com 1990 - 2023 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 The United Kingdom, which has a $2. 83 trillion GDP, is the sixth-largest economy in the world. Its political economy has been conducive to doing business and it has climbed significantly in international rankings such as the World Economic Forum’s Global Growth has rebounded from the pandemic and the energy crisis, despite the 2023 earthquake and droughts. It is used as a measure of economic growth. 6 billion in 2023 and was ranked 59th out of 153 nations in the GCRI Q3 2023. It follows Ukraine, which has a GDP of 160. org. Despite tourism being a cornerstone of Morocco’s economy, contributing significantly to foreign exchange and job creation, the country’s overall score of 3. 2% of Gross Domestic Product of Morocco grew 3. Morocco has implemented significant reforms over the past decade and maintained a solid macroeconomic environment, but growth has decelerated more recently. However, Nepal’s population is over 29 times larger than Vermont’s, which is just past half a million people. 0 70. The minimum value, 30 percent, was reached in 1982 while the maximum of 77. Oct 20, 2023 · Fitch projects GDP growth at 2. Jul 18, 2024 · RABAT, July 18, 2024 — Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al Haouz earthquake, the Moroccan economy has shown resilience and has accelerated, with real output increasing by 3. 84 US dollars in 2023. Aggregates are based on constant 2010 U. It now leads the rankings for the strongest passports in the Maghreb region. Nov 19, 2024 · Economic Impact – Morocco Tourism Statistics 2023 Tourism revenues reached $10. With a population of over 37 million people, Morocco benefits from its stable political environment, modern infrastructure and well-developed financial markets. 8 points in 2022. In comparison, the world average is 80. After expanding by 2. 2023 423 economic indicators for Morocco with historical time series, data charts, source and definition information and data download options. Morocco economy rankings: GDP - 60, GDP growth 5-year average - 87, GPD per capita - 130, economic freedom index - 82, business freedom index - 64 GDP (current US$) - Morocco from The World Bank: Data. 2 USD in Dec 2021. 01 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum. 4% in 2023 compared to last year. 5%). Israel recognised Moroccan sovereignty over this territory in July 2023, and Spain recognised the Moroccan autonomy plan in 2022. 7 to 64. $100 bn. The average for 2023 based on 183 countries was 26940 U. 1 per-cent in 2024, 3. Jan 12, 2023 · The World Bank is expecting Morocco’s economic growth to witness a slight increase of 3. com Morocco's Macroeconomic Analysis: Nominal GDP of USD 131 billion in 2022. 54 on the Government pillar, 35. World Economics has reassessed Morocco's GDP by adjusting for any base year age and size of the informal economy to estimate GDP PPP at $445 billion - 32% larger than offical estimates. 02%, due to the revival of agricultural activities and services and moderate recovery in domestic demand. The table below is an imperfect attempt at assessing Morocco's Income per capita level (proxied as World Economics GDP per capita) and Morocco's Asset wealth per capita (proxied by data derived from the Credit Suisse Wealth Report 2023), and using Untited Nations population data. GDP per capita of USD 3,568 compared to the global average of USD 10,589. Here you have the comparison of Algeria vs Morocco In ppp data, 32 economies would have GDP above Int. dollars and the lowest value was in Burundi: 829 U. Morocco has benefitted from a stable macroeconomic regime and the deficit is narrowing following the pandemic and energy crisis with the government debt ratio is around 70% of GDP. 69 on the Technology pillar, and a score of 56. Country comparison Türkiye vs Morocco 2025 | countryeconomy. 4 percent in 2023, according to the World Bank's latest economic monitor for the country. 68 points. 2% for Africa. Moroccan economy in numbers. Find out about key corruption issues in Morocco in CPI 2023 for Middle East & North Africa: Dysfunctional approach to fighting corruption undermines progress Here you have the comparison of Pakistan vs Morocco Country comparison, you can compare any two countries and see the data side by side. 5 days ago · In the current ranking, Kenya and Egypt came after Morocco with respective scores of 101. In July 2023, the Moroccan Minister Delegate in charge of the budget announced that according to the forecasts of the 2024-2026 , Morocco’s Gross Domestic Product (GDP) is expected to grow by 3. The country’s GDP rebounded in 2021 but showed modest growth in 2022: based on the most recent projections from the IMF, the economy is estimated to have grown by 2. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Its national debt in 2023 was Worldwide gross domestic product in 2023 was at about 13,164 USD per capita. The bank also solidified its position within Morocco by increasing its loan and deposit market shares to 26. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Morocco economic growth for 2020 was $121. Sep 27, 2023 · According to the latest annual report on global economic freedom issued on September 19, 2023, by the Fraser Institute, Morocco stands at the 97th spot out of 165 countries evaluated. Morocco economic growth for 2021 was $141. GDP per Capita in Morocco averaged 1978. This page provides the latest reported value for - Morocco Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. 5% in 2024 and will consolidate at 3. Morocco expects to create 240,000 digital jobs by 2030. 25 points. 1 billion U. Country comparison United Kingdom vs Morocco 2025 | countryeconomy. 64 indicates an average performance that is below the global average. In 2023, a US News report indicated that Morocco topped the continent’s list and ranked During the last 20 years Morocco's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨85th to the 80th⁩ position in the ECI rank. 101 economies would have an economy of greater than Int. Jul 8, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. This page provides - Morocco Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news. The GDP per Capita in Morocco is equivalent to 27 percent of the world's average. 86% increase from 2020. The minimum value, 19. Luxembourg and Georgia are projected to move above Int. Nov 5, 2024 · But that doesn’t mean all American states are economic powerhouses rivaling other world economies. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. 4 percent of GDP in 2022-2023. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Jun 7, 2022 · High Public Debt: Fitch expects CG debt to rise in 2022 to 79% of GDP and 81. Dec 6, 2024 · These findings are confirmed by the economic freedom score (Heritage Foundation) for Morocco at 58. 97% and 25. 27 trillion. Dec 6, 2023 · Constitution. 4 points, a decline from 28. 2 points was recorded in 2015. Morocco Economic Monitor — Fall 2023 After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. 3 percent in 2025 and 3. These economic complexity rankings use 6 digit exports classified according to the HS96 classification. Morocco economic growth for 2023 was $141. Rankings on Doing Business topics - Morocco 43 16 34 81 119 37 24 58 60 73 Starting a Business Dealing with Construction Permits Getting Electricity Registering Property Getting Credit Protecting Minority Investors Paying Taxes Trading across Borders Enforcing Contracts Resolving Insolvency Topic Scores 93. 3%) was softer than the rate of imports (9. com Here you have the comparison of Iran vs Morocco Country comparison, you can compare any two countries and see the data side by side. 9 % in Sep 2022. For example, in terms of GDP per capita, Tunisia and Morocco rank 11th and 12th, respectively. Nonetheless, Morocco’s economic growth is expected to accelerate to 3. [5] Sep 20, 2024 · In 2023, Morocco’s ranking on the Global Innovation Index was 70 out of 132 countries; the country would have placed higher were it not for its ranking 111 in the world when it comes to knowledge-intensive employment. Recent macroeconomic and financial developments After weak economic performance in 2022, with growth of just 1. It's capital is Rabat and its currency is Moroccan dirhamsMorocco is holding the 61 position by nominal GDP. However, real GDP is still 6. Feb 21, 2024 · After recording an estimated 3% growth rate in 2023, Morocco’s economy is expected to grow by an average of 3. 6 Sep 20, 2024 · In 2023, Morocco’s ranking on the Global Innovation Index was 70 out of 132 countries; the country would have placed higher were it not for its ranking 111 in the world when it comes to knowledge-intensive employment. 35 percent was recorded in 2022. The Morocco PESTLE insights report consists of the country’s snapshot, risk factors about the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact Morocco: Competitiveness - World Economic Forum index (0-100): The latest value from 2019 is 60 points, an increase from 58. com GDP Rankings: 2024. The GDP figure in 2023 was $144,438 million, Morocco is number 61 in the ranking of GDP of the 196 countries that we publish. 17 points, based on data from 126 countries. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. 79% increase from 2022. 7% in 2024, compared to last year’s 1. In comparison, the world average is 60. com Morocco: Literacy rate: The latest value from 2022 is 77. Dec 5, 2024 · The Moroccan Ministry of National Education has announced the results of the Trends in International Mathematics and Science Study (TIMSS) 2023, revealing a decline in the performance of Moroccan GDP from Agriculture in Morocco decreased to 26452 MAD Million in the second quarter of 2024 from 27058 MAD Million in the first quarter of 2024. Morocco Indicators - was last updated on Friday, January 10, 2025. $1 trillion. 5% year-on-year in Q1 2024, easing from a 4. com Jun 20, 2023 · The recent report by US News that Morocco is the leading African country in the quality of life index for 2023 is testament to decades of steady human development progress in the country. Free and open access to global development data. history: several previous; latest drafted 17 June 2011, approved by referendum 1 July 2011; note - sources disagree on whether the 2011 referendum was for a new constitution or for reforms to the previous constitution amendments: proposed by the king, by the prime minister, or by members in either chamber of Parliament; passage requires at least two-thirds majority vote by both Here you have the comparison of Tunisia vs Morocco Country comparison, you can compare any two countries and see the data side by side. 8 45. Venezuela, RB is ahead in this aspect with a GDP per capita of 3474 USD. Jul 8, 2024 · Premium Statistic Share of the GDP of the tourism sector in Morocco 2013-2028 Overview Premium Statistic Number of international tourist arrivals in selected African countries 2019-2023 Apr 14, 2022 · A strong economic rebound in 2021 has enabled Morocco to recover most of the output and job losses caused by the COVID-19 crisis. 91B, a 7. Country comparison, you can compare any two countries and see the data side by side. Although it is expressed as a dollar amount per resident, GDP per capita is not a measure of the average or median personal income of a given country's people [7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. The Moroccan economy continues to maintain low levels of debt, forecasted at 26. Nov 29, 2024 · The statistic shows gross domestic product (GDP) per capita in Morocco from 1987 to 2022, with projections up until 2029. 3 billion in 2023, a 12% increase compared to the previous year. The indicator is available from 1990 to 2023. 99 USD, placing it at 129th position. Dec 1, 2024 · Distribution of export revenue from Morocco in 2023, by sector of activity [Graph], Ministry of Economy, Finance and Administration Reform Morocco, September 20, 2024. 1 % in 2023, thanks to a rebound of the primary sector. 02 percent. In 2024, Western Sahara will be the source of ongoing tensions with the Polisario Front and Algeria. 2%, compared with only 1. 4 (2023), which approximates the global average. state with the smallest GDP, has an economy comparable to Nepal, the world’s 101st largest economy. Moody’s appends numerical modifiers from 1 to 3 to the generic rating classifications from Aa to Caa. 8), and “trade” (from 84. Here you have the comparison of India vs Morocco Country comparison, you can compare any two countries and see the data side by side. Gross Domestic Product of Morocco grew 3. Jan 23, 2024 · The GDP of Morocco was $142. 35 percent, an increase from 76 percent in 2014. Although the nation's economy experienced a contraction of around seven percent in 2020, a growth After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. 3. 82B, a 16. Is the ratio between real GDP and real GDP of period n-1, expressed in percentage. 84 USD in 2023 and a record low of 835. This revenue is crucial as tourism is one of Morocco’s main sources of foreign exchange Oct 4, 2024 · Morocco has made gradual progress in improving its budgetary situation since the pandemic, and the fiscal deficit declined from 5. Average real GDP growth of 2. A drought-induced decline in the agriculture sector has offset strong non-agriculture growth in 2022 and inflation has been well above target levels due to increasing global food prices. 0 to 68. Country comparison Tunisia vs Morocco 2024 | countryeconomy. This page in: 1960 - 2023 GDP growth (annual %) Jul 8, 2024 · Morocco had the fifth-highest GDP in Africa in 2022, reaching 138. The minimum value, 58. 5 percent in 2026, as domestic demand gradually rec. Fitch forecasts general government (GG) debt to increase to 73% of GDP at end-2023 from 69. Inflation in Morocco in 2023 was around 6. 7% in 2024 as global economic tensions ease and foreign demand for goods and services rebounds. 0), “business” (from 67. Feb 14, 2023 · After a strong post-COVID-19 rebound last year, Morocco's economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity prices that have fed inflation. The minimum value, 28. 4 points, was reached in 2023 while the maximum of 33. The updated ranking comes less than a day after the Moroccan team trashed Denmark 8-1 and few days after its 7-0 victory against Argentina. 31 percent was recorded in Moroccan economy. 6% to global car production in 2023, ranking 24th among the top 30 countries in terms of motor vehicle production worldwide, according to the International Organization of Motor Vehicle Manufacturers (), as reported by Visual Capitalist. In comparison, the world average is 51. GDP per capita of USD 3,901 compared to the global average of USD 10,589. Here you have the comparison of United Kingdom vs Morocco Country comparison, you can compare any two countries and see the data side by side. The GDP of a country is dependent upon the country’s economic standing and overall profits compared to expenses. 0 83. Nominal GDP of USD 144 billion in 2023. The country ranked ahead of countries including South Africa, Egypt, and Kenya, according to a report from Monkey Apr 4, 2024 · In 2023, the combined gross domestic product of Mauritania, Morocco, Algeria, Tunisia, Egypt and Libya increased by 4. Morocco: Female labor force participation rate: The latest value from 2023 is 19. Morocco is being affected by weather patterns traditionally seen in Mali or Mauritania, much to the south. 1% in 2023, after peaking at 6. It was the weakest yearly economic growth rate since Q2 of 2023, with external sectors contributing negatively to the GDP as export growth (7. However, spending pressures in 2024 increased the deficit, leading the government to approve an additional budget allocation to finance a salary increase for civil servants and Morocco is being affected by weather patterns traditionally seen in Mali or Mauritania, much to the south. The GDP per capita in Morocco is 3441. The plan aims to improve public services and boost the economy. 2 days ago · Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Inflation fell to 6. But who were the key contributors to this remarkable performance? Let’s dive into the […] However, the COVID-19 shock has pushed the Moroccan economy into its first recession since 1995. Macroeconomic statistics of Morocco for 2023-2024 years. The GDP per capita varies drastically from one country to the next. Here you have the comparison of Algeria vs Morocco, GDP per capita (Euros) Skip to main content countryeconomy. 91 billion USD, ranking 58th globally. Here you have the comparison of Türkiye vs Morocco Country comparison, you can compare any two countries and see the data side by side. Historically, the average for Morocco from 2011 to 2023 is 30. . Jan 1, 2024 · The world Bank projects Morocco’s growth to reach 3. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. Historically, the average for Morocco from 2018 to 2019 is 59. Despite potential volatility in the economic recovery phase, Morocco has an opportunity to build a more sustainable and resilient economy by developing a strategy to adapt, similar to its approach to the environment front. 26 percent. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net Morocco has a score of 38 this year, with a change of 0 since last year, meaning it ranks 97 out of 180 countries. The International Monetary Fund (IMF) predicts that North African economies will outperform their peers again this year with 4% growth, but these numbers hide Nov 3, 2024 · Out of 53 economies, the nominal GDP of 44 economies would increase, and nine economies would decrease in 2024 compared to 2023. 6% in 2022, as imported inflationary pressures eased. 97 percent, based on data from 54 countries. Nov 21, 2023 · Morocco topped a list of Africa’s 15 most technologically advanced countries. 4). $100 billion. Its Gross Savings Rate was measured at 29. 1% in 2023. 7% in 2023, driven by base effects as agriculture improved, and reconstruction efforts may provide a boost to economic growth in 2024 and 2025, reaching 3. Morocco, with a population of 37,022,000 people, it is ranked at 39º position by population of 196 countries and it has a moderate population density, 83 people per km2. Within the EU, the average in the same year was The official estimate for Morocco's GDP published by the World Bank was $337 billion at the end of 2023 in puchasing power partity terms. 1 million. Below is a chart for all countries where data are available. This robust growth showcased the resilience of the national economy despite a turbulent global environment. Annual percentage growth rate of GDP at market prices based on constant local currency. With $22 billion, South Africa will be the top contributor, followed by Algeria ($20 bn) and Morocco ($13 bn). 9% in 2025. 2 % in Dec 2021. com Main navigation Gender Gap Ranking [+] 2023 Apr 3, 2024 · Algeria’s economic performance has surpassed that of its neighbors. Morocco is the 97 least corrupt nation out of 180 countries, according to the 2023 Corruption Perceptions Index reported by Transparency International. 8% at end-2020, versus a forecast ‘BB’ median of 55%. S. Its GDP deflator (implicit price deflator) increased 5. 07 percent, based on data from 178 countries. 11B, a 7. Out of 194 economies, GDP (ppp) of 185 economies would increase, and nine economies would decrease in 2024 compared to 2023. 35B, a 5. 03 USD in 1966. However, the COVID-19 shock has pushed the Moroccan economy into its first recession since 1995. This rate is 21 -tenths of one percent higher than the figure of 1. 69% decline from 2021. dollars. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. 4 to 4. 0 87. • The economic rebound of 2021 was short lived, as growth slowed in the first half of 2022. 7% in 2024, 3. 2% growth rate. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3. 5% in 2023 and 3. Here you have the comparison of Egypt vs Morocco Morocco's GDP grew by 2. Here you have the comparison of Morocco vs Serbia, GDP per capita (Dollars) Skip to main content countryeconomy. Morocco gdp for 2023 was $141. wote nlzqpzi hxsvrfv nfpoi letiow lvg lzs yenhu mqayshk gimfdl