Morocco Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Morocco's credit to gdp was 83.17% in 2025, ranked 24th globally. This represents a 3.3% increase from 2024. Data from World Bank, covering 2010–2025.
Overview
Morocco's credit to gdp stood at 83.17% in 2025, a rise of +2.66% from 2023. Based on recent trends, this figure is projected to reach 83.17% by 2025. Morocco ranked 24th globally.
Morocco’s credit to GDP ratio has hovered around the low‑80s for the past 15 years, declining from 83.29 in 2010 to 83.17 in 2025, a modest 0.12‑point drop that leaves the country ranked 24th globally. The indicator reached its all‑time high of 90.93 in 2020, a spike that coincided with the pandemic‑induced surge in public borrowing, before falling to a trough of 78.39 in 2015 as fiscal consolidation took hold. Compared with peers, Morocco’s 2025 level sits just below Iceland’s 86.20 and above Luxembourg’s 80.84, reflecting a middle‑of‑the‑pack financing stance among diversified economies. The post‑2020 decline suggests a gradual rebalancing of debt as growth resumes, yet the ratio remains elevated enough to constrain fiscal space. Continued improvement in primary balances and higher growth rates will be needed to push the credit‑to‑GDP ratio lower and sustain a more favorable debt trajectory.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 82.63% | - | - |
| 2025* trend | 83.17% | - | - |
| 2025 | 83.17% | +2.66% | #24 |
| 2023 | 80.50% | −7.03% | #122 |
| 2022 | 87.54% | +1.48% | #128 |
| 2021 | 86.06% | −4.87% | #132 |
| 2020 | 90.93% | +9.46% | #136 |
| 2019 | 81.47% | +2.52% | #139 |
| 2018 | 78.96% | −1.24% | #138 |
| 2017 | 80.19% | −0.04% | #139 |
| 2016 | 80.23% | +1.84% | #140 |
| 2015 | 78.39% | −5.12% | #139 |
| 2014 | 83.51% | −0.06% | #143 |
| 2013 | 83.57% | −4.20% | #142 |
| 2012 | 87.76% | +0.96% | #142 |
| 2011 | 86.80% | +3.51% | #140 |
| 2010 | 83.29% | – | #131 |
Detected Pattern
Analysis
Morocco matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Morocco's credit to gdp was 83.17% in 2025. Ranked 24th globally. This represents a 3.3% increase from the previous year.
Morocco's credit to gdp peaked at 90.93% in 2020.
The lowest credit to gdp in Morocco was 78.39% in 2015.
Morocco ranks 24th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Morocco's credit to gdp is projected to reach 83.17% by 2025 based on trend extrapolation.
The credit to gdp of Morocco in 2025 was 83.17%. This ranks 24th in the world.
Cite this page
@misc{historysaid_morocco_credit-to-gdp,
title = {Morocco Credit to GDP},
url = {https://historysaid.com/morocco/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}