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Trading Basics

Morocco

Capital
Rabat
Region
Middle East, North Africa, Afghanistan & Pakistan
Income group
Lower middle income
Population
38.4 million (2025)

At a glance

  • Prices in Morocco rose 0.7% in 2025, slower than in most countries.
  • Morocco's economy grew 4.6% in 2025, faster than most economies.
  • Output per person in Morocco was US$4,672 in 2025, lower than in most countries.
  • 9.0% of Morocco's labour force had no job in 2025, a higher share than in most countries.
  • Morocco had 38.4 million people in 2025: about 0.5% of everyone on Earth, the 41st largest population of 217 countries and territories.
  • Morocco had a current account deficit of 2.5% of GDP in 2025, close to the middle of the range worldwide.

Consumer prices, change over the year (yearly average)

0.7%
World median 3.0%

Since 2000

Show the numbers
Inflation in Morocco and the world median, last ten years
YearMoroccoWorld median
20250.7%3.0%
20241.0%3.0%
20236.1%5.7%
20226.7%8.0%
20211.4%3.5%
20200.7%1.9%
20190.3%2.2%
20181.8%2.5%
20170.8%2.3%
20161.6%1.6%

Real GDP, change over the year

4.6%
World median 3.4%

Since 2000

Show the numbers
Economic growth in Morocco and the world median, last ten years
YearMoroccoWorld median
20254.6%3.4%
20243.8%3.4%
20233.7%3.2%
20221.8%4.3%
20218.2%5.1%
2020−7.2%−3.8%
20192.9%2.8%
20183.1%3.2%
20175.1%3.3%
20160.5%3.1%

GDP divided by population, in US dollars at current prices

US$4,672
World median US$7,882

Since 2000

Show the numbers
GDP per person in Morocco and the world median, last ten years
YearMoroccoWorld median
2025US$4,672US$7,882
2024US$4,153US$7,853
2023US$3,814US$7,862
2022US$3,463US$7,656
2021US$3,786US$7,269
2020US$3,268US$6,433
2019US$3,508US$7,037
2018US$3,502US$6,978
2017US$3,297US$6,548
2016US$3,141US$5,982

Share of the labour force without a job (ILO modelled estimate)

9.0%
World median 5.1%

Since 2000

Show the numbers
Unemployment in Morocco and the world median, last ten years
YearMoroccoWorld median
20259.0%5.1%
20249.1%5.1%
20238.9%5.2%
20229.4%5.3%
202110.6%6.0%
202011.2%6.4%
20199.2%5.4%
20189.3%5.4%
20179.2%5.6%
20169.3%5.9%

Everyone living in the country, mid-year

38.4 million

Since 2000

Show the numbers
Population in Morocco and the world median, last ten years
YearMorocco
202538.4 million
202438.1 million
202337.7 million
202237.3 million
202137.0 million
202036.6 million
201936.2 million
201835.8 million
201735.4 million
201635.0 million

Current account balance, % of GDP

−2.5%
World median −0.8%

Since 2000

Show the numbers
Current account balance in Morocco and the world median, last ten years
YearMoroccoWorld median
2025−2.5%−0.8%
2024−1.2%−1.3%
2023−1.1%−1.2%
2022−3.7%−3.0%
2021−2.4%−2.4%
2020−1.1%−1.7%
2019−3.4%−2.1%
2018−4.9%−2.9%
2017−3.1%−2.1%
2016−3.8%−2.8%

No recent World Bank figure for Morocco: government debt.

About these figures

All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Morocco since 2000 or since its first figure.

Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.