External balance on goods and services as a percent of GDP in Morocco
Morocco: External balance on goods and services as a percent of GDP was -9.2% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Morocco, 1960–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Morocco is -9.2%, measured in 2025.
Compared with earlier readings it is down 11.9% on the previous year and down 25.6% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Morocco peaked at 1.3% in 1965 and was at its lowest, -20.4%, in 1977.
That places Morocco 128th out of 191 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Morocco, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 0.9% | — |
| 1961 | -3.0% | -446.4% |
| 1962 | -3.1% | +1.6% |
| 1963 | -2.2% | -29.8% |
| 1964 | 0.4% | -116.4% |
| 1965 | 1.3% | +260.7% |
| 1966 | -0.4% | -132.4% |
| 1967 | -2.3% | +450.8% |
| 1968 | -1.6% | -30.8% |
| 1969 | -0.5% | -71.1% |
| 1970 | -3.9% | +767.3% |
| 1971 | -2.8% | -29.7% |
| 1972 | -0.6% | -76.6% |
| 1973 | -1.3% | +95.6% |
| 1974 | -0.6% | -49.9% |
| 1975 | -10.9% | +1609.7% |
| 1976 | -18.8% | +73.0% |
| 1977 | -20.4% | +8.6% |
| 1978 | -13.7% | -32.9% |
| 1979 | -12.9% | -6.2% |
| 1980 | -8.7% | -32.6% |
| 1981 | -12.1% | +39.5% |
| 1982 | -12.1% | +0.3% |
| 1983 | -7.1% | -41.4% |
| 1984 | -9.1% | +28.0% |
| 1985 | -8.3% | -8.9% |
| 1986 | -6.5% | -21.4% |
| 1987 | -4.7% | -27.9% |
| 1988 | -0.1% | -96.9% |
| 1989 | -5.2% | +3526.7% |
| 1990 | -5.5% | +5.1% |
| 1991 | -5.1% | -6.7% |
| 1992 | -5.9% | +15.1% |
| 1993 | -5.5% | -6.3% |
| 1994 | -5.4% | -2.0% |
| 1995 | -6.4% | +17.1% |
| 1996 | -3.4% | -46.2% |
| 1997 | -3.3% | -3.6% |
| 1998 | -3.6% | +8.6% |
| 1999 | -3.3% | -7.7% |
| 2000 | -5.0% | +52.5% |
| 2001 | -2.7% | -46.5% |
| 2002 | -2.4% | -10.3% |
| 2003 | -3.0% | +23.0% |
| 2004 | -4.9% | +62.9% |
| 2005 | -5.5% | +13.4% |
| 2006 | -5.4% | -1.6% |
| 2007 | -8.5% | +56.9% |
| 2008 | -12.9% | +51.8% |
| 2009 | -10.9% | -15.2% |
| 2010 | -10.0% | -8.9% |
| 2011 | -12.9% | +29.6% |
| 2012 | -14.0% | +8.6% |
| 2013 | -13.4% | -4.8% |
| 2014 | -11.6% | -12.9% |
| 2015 | -7.3% | -37.2% |
| 2016 | -9.7% | +32.3% |
| 2017 | -9.0% | -7.2% |
| 2018 | -9.6% | +7.1% |
| 2019 | -7.8% | -18.6% |
| 2020 | -7.3% | -7.1% |
| 2021 | -9.3% | +27.5% |
| 2022 | -11.5% | +24.1% |
| 2023 | -8.3% | -27.9% |
| 2024 | -8.2% | -1.1% |
| 2025 | -9.2% | +11.9% |
Morocco compared with similar countries
- Morocco's -9.2% is above the median for lower middle income countries, which is -9.2%, 1.0× the median. (45 countries reporting)
- Morocco's -9.2% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -5.3%, 1.7× the median. (23 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services as a percent of GDP in Morocco changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | -3526.7% | -0.1% | -5.2% |
| 1975 | -1609.7% | -0.6% | -10.9% |
| 1970 | -767.3% | -0.5% | -3.9% |
| 1967 | -450.8% | -0.4% | -2.3% |
| 1961 | -446.4% | 0.9% | -3.0% |
| 1965 | +260.7% | 0.4% | 1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.0% | -3.1% | 1.3% | 10 |
| 1970s | -8.6% | -20.4% | -0.6% | 10 |
| 1980s | -7.4% | -12.1% | -0.1% | 10 |
| 1990s | -4.8% | -6.4% | -3.3% | 10 |
| 2000s | -6.1% | -12.9% | -2.4% | 10 |
| 2010s | -10.5% | -14.0% | -7.3% | 10 |
| 2020s | -8.9% | -11.5% | -7.3% | 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)
- SDRs holdings, US dollar, annual growth rate 1.41 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0112 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 53.3 units per person (2025)
- SDRs holdings, SDR, annual growth rate -3.43 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0082 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 38.92 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -39.02 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0056 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Morocco?
- External balance on goods and services as a percent of gdp in Morocco was -9.2% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Morocco?
- The highest recorded value was 1.3% in 1965.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Morocco?
- The lowest recorded value was -20.4% in 1977.
- How does Morocco rank for external balance on goods and services as a percent of gdp?
- Morocco ranks 128th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Morocco?
- Over the last ten years it is down 25.6%. The long-run trend across the full record is volatile.
- Where does this Morocco data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.