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Morocco Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

-3.80% +0.12% (+3.1%)
Year 2025 Rank #125 Global Peak 3.21% (1999) Source IMF WEO

Morocco Budget Deficit (1990–2025)

Overview

Morocco's budget deficit stood at -3.80% in 2025, a rise of +0.12% from 2024. The IMF projects -3.80% by 2025. Morocco ranked 125th globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF -2.97% - -
2029* IMF -3.03% - -
2028* IMF -3.07% - -
2027* IMF -3.25% - -
2026* IMF -3.37% - -
2025* IMF -3.80% - -
2025 -3.80% +0.12% #125
2024 -3.92% +0.48% #64
2023 -4.41% +0.96% #56
2022 -5.37% +0.56% #48
2021 -5.92% +1.22% #57
2020 -7.15% −3.34% #77
2019 -3.80% −0.28% #49
2018 -3.52% −0.22% #53
2017 -3.30% +1.18% #63
2016 -4.49% +0.11% #54
2015 -4.59% +0.19% #56
2014 -4.78% −0.08% #42
2013 -4.70% +1.93% #45
2012 -6.63% −0.56% #25
2011 -6.08% −2.14% #27
Show all years (1990-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +25.6% GDP growth 7.8% C/A balance 1.9%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Morocco matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Morocco's budget deficit?

Morocco's budget deficit was -3.80% in 2025. Ranked 125th globally. This represents a 3.1% increase from the previous year.

What was the highest budget deficit in Morocco?

Morocco's budget deficit peaked at 3.21% in 1999.

What was the lowest budget deficit in Morocco?

The lowest budget deficit in Morocco was -7.15% in 2020.

How does Morocco rank in budget deficit?

Morocco ranks 125th globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Morocco in 2025?

Morocco's budget deficit is projected to reach -3.80% by 2025 based on IMF projection.

What is the budget deficit of Morocco in 2025?

The budget deficit of Morocco in 2025 was -3.80%. This ranks 125th in the world.

Cite this page

APA
Morocco Budget Deficit. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/morocco/budget-deficit
BibTeX
@misc{historysaid_morocco_budget-deficit, title = {Morocco Budget Deficit}, url = {https://historysaid.com/morocco/budget-deficit}, publisher = {HistorySaid}, year = {2026} }