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Morocco Debt to GDP Ratio

Morocco's government debt-to-GDP ratio rose to 70% in 2024 from 69.5% in 2023. This increase resulted from higher government spending on social programs, reconstruction and development projects. Increased debt servicing costs and spending on goods and services also contributed. The government's 2024 budget was 6.3% higher to support these expenditures. Morocco's fiscal policies aim to manage macroeconomic balances and reduce the deficit. Morocco's record low government debt to gdp was 58.4% in 2015 and record high was 72.2% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 70%
2023 69.5%
2022 71.5%
2021 69.4%
2020 72.2%
2019 60.3%
2018 60.5%
2017 60.3%
2016 60.1%
2015 58.4%
Morocco Debt to GDP Ratio : Definition
Morocco's government debt to GDP shows total government debt relative to its annual Gross Domestic Product (GDP). It is calculated by dividing the total outstanding government debt in Moroccan Dirhams by the total GDP in Dirhams for the year, expressed as a percentage. This ratio assesses the nation's debt burden relative to its economic output.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.6% -2.8% Dec'24
Interest Rate 2.25% 2.25% Sep'25
Private Credit (% GDP) 81.41% 87.73% 2023