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Morocco Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

Morocco's government debt to gdp was 67.21% in 2025, ranked 55th globally. This represents a 0.8% decrease from 2024. Data from IMF WEO, covering 1990–2025.

67.21% −0.53% (-0.8%)
Year 2025 Rank #55 Global Peak 74.70% (1993) Source IMF WEO

Morocco Government Debt to GDP (1990–2025)

Overview

Morocco's government debt to gdp stood at 67.21% in 2025, a decline of +0.53% from 2024. The IMF projects 67.21% by 2025. Morocco ranked 55th globally.

Morocco’s government debt-to‑GDP ratio stood at 67.21 in 2025, placing the country 55th in the world according to the IMF World Economic Outlook. The ratio has fluctuated over the 36‑year series, reaching an all‑time high of 74.70 in 1993 before falling to a trough of 41.99 in 2008, a decline that coincided with the global financial crisis and subsequent fiscal consolidation. Since the trough, debt has risen steadily, reflecting higher public spending and slower growth, and now aligns closely with peers such as Kenya (68.02) and Grenada (67.72). The upward trajectory suggests that without further structural reforms or a boost in revenue, the debt ratio is likely to remain near the mid‑60s, while any acceleration in economic growth or fiscal tightening could moderate the increase.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 63.93% - -
2029* IMF 64.56% - -
2028* IMF 65.16% - -
2027* IMF 65.80% - -
2026* IMF 66.55% - -
2025* IMF 67.21% - -
2025 67.21% −0.53% #55
2024 67.73% −0.97% #130
2023 68.71% −2.67% #126
2022 71.37% +2.02% #133
2021 69.35% −2.89% #122
2020 72.25% +11.98% #125
2019 60.27% −0.19% #128
2018 60.46% +0.20% #126
2017 60.26% +0.18% #129
2016 60.08% +1.69% #125
2015 58.39% −0.17% #129
2014 58.56% +1.49% #133
2013 57.08% +4.79% #138
2012 52.28% +3.73% #133
2011 48.56% +3.28% #123
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 government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Morocco's government debt to gdp?▾

Morocco's government debt to gdp was 67.21% in 2025. Ranked 55th globally. This represents a 0.8% decrease from the previous year.

What was the highest government debt to gdp in Morocco?▾

Morocco's government debt to gdp peaked at 74.70% in 1993.

What was the lowest government debt to gdp in Morocco?▾

The lowest government debt to gdp in Morocco was 41.99% in 2008.

How does Morocco rank in government debt to gdp?▾

Morocco ranks 55th globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?▾

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

What is the projected government debt to gdp of Morocco in 2025?▾

Morocco's government debt to gdp is projected to reach 67.21% by 2025 based on IMF projection.

What is the government debt to gdp of Morocco in 2025?▾

The government debt to gdp of Morocco in 2025 was 67.21%. This ranks 55th in the world.

Cite this page

APA
Morocco Government Debt to GDP. HistorySaid. Retrieved October 21, 2026, from https://historysaid.com/morocco/government-debt-to-gdp/
BibTeX
@misc{historysaid_morocco_government-debt-to-gdp, title = {Morocco Government Debt to GDP}, url = {https://historysaid.com/morocco/government-debt-to-gdp/}, publisher = {HistorySaid}, year = {2026} }
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