Current account balance in Morocco
Morocco: Current account balance was -2.5% in 2025. ◆ Volatile
Current account balance in Morocco, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Morocco recorded -2.5% for current account balance in 2025.
That represents a change of down 103.0% on the previous year and down 27.7% over ten years.
Over the whole period, current account balance in Morocco peaked at 3.7% in 2001 and was at its lowest, -16.5%, in 1977.
Morocco ranks 110th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Morocco, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -5.6% | — |
| 1976 | -14.3% | +154.5% |
| 1977 | -16.5% | +15.7% |
| 1978 | -9.9% | -40.0% |
| 1979 | -9.4% | -4.7% |
| 1980 | -6.5% | -31.4% |
| 1981 | -10.3% | +58.7% |
| 1982 | -10.6% | +2.7% |
| 1983 | -5.5% | -48.4% |
| 1984 | -6.6% | +21.8% |
| 1985 | -5.9% | -10.5% |
| 1986 | -1.1% | -82.0% |
| 1987 | 0.8% | -177.9% |
| 1988 | 1.8% | +120.3% |
| 1989 | -3.0% | -262.7% |
| 1990 | -0.6% | -78.3% |
| 1991 | -1.3% | +97.5% |
| 1992 | -1.3% | +0.3% |
| 1993 | -1.6% | +28.3% |
| 1994 | -2.0% | +23.3% |
| 1995 | -3.0% | +49.6% |
| 1996 | 0.1% | -102.7% |
| 1997 | -0.2% | -374.8% |
| 1998 | -0.3% | +38.8% |
| 1999 | -0.4% | +16.6% |
| 2000 | -1.1% | +206.1% |
| 2001 | 3.7% | -433.0% |
| 2002 | 3.1% | -14.6% |
| 2003 | 2.7% | -13.1% |
| 2004 | 1.5% | -46.2% |
| 2005 | 1.5% | +3.1% |
| 2006 | 1.9% | +23.1% |
| 2007 | -0.1% | -107.5% |
| 2008 | -4.4% | +3068.7% |
| 2009 | -4.9% | +10.5% |
| 2010 | -3.9% | -20.8% |
| 2011 | -7.3% | +86.7% |
| 2012 | -9.0% | +23.2% |
| 2013 | -6.8% | -24.3% |
| 2014 | -5.5% | -18.3% |
| 2015 | -2.0% | -64.7% |
| 2016 | -3.7% | +91.4% |
| 2017 | -3.1% | -17.2% |
| 2018 | -4.9% | +57.1% |
| 2019 | -3.4% | -29.9% |
| 2020 | -1.1% | -67.0% |
| 2021 | -2.4% | +109.1% |
| 2022 | -3.7% | +55.1% |
| 2023 | -1.0% | -71.4% |
| 2024 | -1.2% | +17.5% |
| 2025 | -2.5% | +103.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -11.1% | -16.5% | -5.6% | 5 |
| 1980s | -4.7% | -10.6% | 1.8% | 10 |
| 1990s | -1.1% | -3.0% | 0.1% | 10 |
| 2000s | 0.4% | -4.9% | 3.7% | 10 |
| 2010s | -5.0% | -9.0% | -2.0% | 10 |
| 2020s | -2.0% | -3.7% | -1.0% | 6 |
Countries ranked near Morocco
More economy & growth data for Morocco
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.57 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.41 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 12.65 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5231 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 2,482 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.94 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 4.89 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 23,210 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.52 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4302 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Morocco?
- Current account balance in Morocco was -2.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Morocco?
- The highest recorded value was 3.7% in 2001.
- What is the lowest current account balance recorded in Morocco?
- The lowest recorded value was -16.5% in 1977.
- How does Morocco rank for current account balance?
- Morocco ranks 110th out of 199 countries with data for 2025.
- Is current account balance rising or falling in Morocco?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is volatile.
- Where does this Morocco data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.