Morocco External Debt to GNI
External debt stocks as % of GNI DT.DOD.DECT.GN.ZS
Morocco's external debt to gni was 43.65% in 2025, ranked 52nd globally. This represents a 2.4% decrease from 2024. Data from World Bank, covering 1970–2025.
Overview
Morocco's external debt to gni stood at 43.65% in 2025, a decline of +1.07pp from 2024. Based on recent trends, this figure is projected to reach 43.65% by 2025. Morocco ranked 52nd globally.
Morocco’s external debt-to‑gross national income ratio has risen sharply from a low of 19.84 % in 1974 to an all‑time peak of 111.91 % in 1985, before gradually declining to 24.97 % in 1970 and then climbing again to 43.65 % in 2025, placing the kingdom at 52nd position worldwide. The recent level of 43.65 % is comparable to Angola’s 43.40 % and slightly below Ecuador’s 46.59 %, reflecting a regional pattern of moderate indebtedness among emerging economies. The post‑peak contraction after 1985 coincided with structural adjustments and debt relief initiatives, yet the resurgence in the 2000s suggests renewed borrowing to finance infrastructure and social programs. Over the 56‑year coverage period, the ratio’s volatility underscores sensitivity to external shocks and fiscal policy choices. If Morocco sustains current fiscal consolidation and diversifies export markets, the upward trajectory may moderate, potentially bringing the debt ratio closer to the lower end of its peer group in the coming years.
Data & projection
| Year | External Debt to GNI | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 39.97% | - | - |
| 2026* trend | 41.81% | - | - |
| 2025* trend | 43.65% | - | - |
| 2025 | 43.65% | −1.07pp | #52 |
| 2024 | 44.72% | −4.20pp | #56 |
| 2023 | 48.91% | −1.44pp | #66 |
| 2022 | 50.35% | +3.45pp | #63 |
| 2021 | 46.90% | −8.02pp | #54 |
| 2020 | 54.92% | +11.39pp | #64 |
| 2019 | 43.53% | +3.12pp | #58 |
| 2018 | 40.41% | −3.59pp | #58 |
| 2017 | 44.00% | +0.53pp | #66 |
| 2016 | 43.47% | +2.42pp | #67 |
| 2015 | 41.05% | +3.93pp | #65 |
| 2014 | 37.13% | +2.62pp | #63 |
| 2013 | 34.50% | +2.18pp | #61 |
| 2012 | 32.32% | +4.63pp | #60 |
| 2011 | 27.70% | +0.24pp | #52 |
Detected Pattern
Analysis
Morocco matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw external debt to gni improve within 24 months. View full analysis →
Frequently Asked Questions
Morocco's external debt to gni was 43.65% in 2025. Ranked 52nd globally. This represents a 2.4% decrease from the previous year.
Morocco's external debt to gni peaked at 111.91% in 1985.
The lowest external debt to gni in Morocco was 19.84% in 1974.
Morocco ranks 52nd globally in external debt to gni as of 2025.
The World Bank indicator code is DT.DOD.DECT.GN.ZS. Data sourced from World Bank.
Morocco's external debt to gni is projected to reach 43.65% by 2025 based on trend extrapolation.
The external debt to gni of Morocco in 2025 was 43.65%. This ranks 52nd in the world.
Cite this page
@misc{historysaid_morocco_external-debt-to-gni,
title = {Morocco External Debt to GNI},
url = {https://historysaid.com/morocco/external-debt-to-gni/},
publisher = {HistorySaid},
year = {2026}
}