External balance on goods and services in Morocco
Morocco: External balance on goods and services was -16.71 billion current US$ in 2025. ◆ Volatile
Latest (2025)
-16.71 billion current US$
Change on year
down 27.0%
World rank
178th
of 193 countries
All-time high
37.55 million current US$
in 1965
All-time low
-16.71 billion current US$
in 2025
Years of data
66
1960–2025
External balance on goods and services in Morocco, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, external balance on goods and services in Morocco stood at -16.71 billion current US$. That is the lowest value across all 66 years on record.
That represents a change of down 27.0% on the previous year and down 107.4% over ten years.
Over the whole period, external balance on goods and services in Morocco peaked at 37.55 million current US$ in 1965 and was at its lowest, -16.71 billion current US$, in 2025.
Morocco ranks 178th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Morocco, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 17.78 million current US$ | — |
| 1961 | -61.26 million current US$ | -444.4% |
| 1962 | -73.12 million current US$ | +19.4% |
| 1963 | -57.31 million current US$ | -21.6% |
| 1964 | 9.88 million current US$ | -117.2% |
| 1965 | 37.55 million current US$ | +280.0% |
| 1966 | -11.86 million current US$ | -131.6% |
| 1967 | -69.16 million current US$ | +483.3% |
| 1968 | -51.38 million current US$ | -25.7% |
| 1969 | -16.60 million current US$ | -67.7% |
| 1970 | -155.97 million current US$ | +839.6% |
| 1971 | -120.79 million current US$ | -22.6% |
| 1972 | -32.93 million current US$ | -72.7% |
| 1973 | -79.23 million current US$ | +140.6% |
| 1974 | -48.81 million current US$ | -38.4% |
| 1975 | -976.93 million current US$ | +1901.4% |
| 1976 | -1.80 billion current US$ | +84.6% |
| 1977 | -2.26 billion current US$ | +25.2% |
| 1978 | -1.81 billion current US$ | -19.7% |
| 1979 | -2.05 billion current US$ | +12.8% |
| 1980 | -1.88 billion current US$ | -7.9% |
| 1981 | -2.15 billion current US$ | +14.2% |
| 1982 | -2.15 billion current US$ | -0.2% |
| 1983 | -1.15 billion current US$ | -46.2% |
| 1984 | -1.35 billion current US$ | +16.8% |
| 1985 | -1.24 billion current US$ | -7.8% |
| 1986 | -1.27 billion current US$ | +2.1% |
| 1987 | -1.02 billion current US$ | -19.4% |
| 1988 | -37.15 million current US$ | -96.4% |
| 1989 | -1.38 billion current US$ | +3612.7% |
| 1990 | -1.66 billion current US$ | +20.5% |
| 1991 | -1.66 billion current US$ | -0.1% |
| 1992 | -2.00 billion current US$ | +20.2% |
| 1993 | -1.76 billion current US$ | -12.0% |
| 1994 | -1.94 billion current US$ | +10.2% |
| 1995 | -2.49 billion current US$ | +28.4% |
| 1996 | -1.48 billion current US$ | -40.6% |
| 1997 | -1.29 billion current US$ | -12.5% |
| 1998 | -1.67 billion current US$ | +29.0% |
| 1999 | -1.53 billion current US$ | -8.2% |
| 2000 | -2.17 billion current US$ | +41.8% |
| 2001 | -1.18 billion current US$ | -45.5% |
| 2002 | -1.14 billion current US$ | -3.7% |
| 2003 | -1.73 billion current US$ | +51.6% |
| 2004 | -3.21 billion current US$ | +85.6% |
| 2005 | -3.79 billion current US$ | +18.1% |
| 2006 | -4.11 billion current US$ | +8.5% |
| 2007 | -7.39 billion current US$ | +79.8% |
| 2008 | -13.12 billion current US$ | +77.7% |
| 2009 | -11.06 billion current US$ | -15.7% |
| 2010 | -10.05 billion current US$ | -9.2% |
| 2011 | -14.22 billion current US$ | +41.5% |
| 2012 | -15.00 billion current US$ | +5.5% |
| 2013 | -15.45 billion current US$ | +3.0% |
| 2014 | -13.85 billion current US$ | -10.4% |
| 2015 | -8.06 billion current US$ | -41.8% |
| 2016 | -10.77 billion current US$ | +33.7% |
| 2017 | -10.62 billion current US$ | -1.4% |
| 2018 | -12.22 billion current US$ | +15.1% |
| 2019 | -10.07 billion current US$ | -17.6% |
| 2020 | -8.80 billion current US$ | -12.6% |
| 2021 | -13.14 billion current US$ | +49.2% |
| 2022 | -15.07 billion current US$ | +14.7% |
| 2023 | -12.10 billion current US$ | -19.7% |
| 2024 | -13.15 billion current US$ | +8.8% |
| 2025 | -16.71 billion current US$ | +27.0% |
Morocco compared with similar countries
- Morocco's -16.71 billion current US$ is below the median for lower middle income countries, which is -1.67 billion current US$, 10.0× the median. (45 countries reporting)
- Morocco's -16.71 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -4.68 billion current US$, 3.6× the median. (23 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Morocco changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | -3612.7% | -37.15 million current US$ | -1.38 billion current US$ |
| 1975 | -1901.4% | -48.81 million current US$ | -976.93 million current US$ |
| 1970 | -839.6% | -16.60 million current US$ | -155.97 million current US$ |
| 1967 | -483.3% | -11.86 million current US$ | -69.16 million current US$ |
| 1961 | -444.4% | 17.78 million current US$ | -61.26 million current US$ |
| 1965 | +280.0% | 9.88 million current US$ | 37.55 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -27.55 million current US$ | -73.12 million current US$ | 37.55 million current US$ | 10 |
| 1970s | -933.34 million current US$ | -2.26 billion current US$ | -32.93 million current US$ | 10 |
| 1980s | -1.36 billion current US$ | -2.15 billion current US$ | -37.15 million current US$ | 10 |
| 1990s | -1.75 billion current US$ | -2.49 billion current US$ | -1.29 billion current US$ | 10 |
| 2000s | -4.89 billion current US$ | -13.12 billion current US$ | -1.14 billion current US$ | 10 |
| 2010s | -12.03 billion current US$ | -15.45 billion current US$ | -8.06 billion current US$ | 10 |
| 2020s | -13.16 billion current US$ | -16.71 billion current US$ | -8.80 billion current US$ | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 811.51 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0044 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 21.12 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.32 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 89.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0182 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 86.35 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 30.48 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Morocco?
- External balance on goods and services in Morocco was -16.71 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Morocco?
- The highest recorded value was 37.55 million current US$ in 1965.
- What is the lowest external balance on goods and services recorded in Morocco?
- The lowest recorded value was -16.71 billion current US$ in 2025.
- How does Morocco rank for external balance on goods and services?
- Morocco ranks 178th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Morocco?
- Over the last ten years it is down 107.4%. The long-run trend across the full record is volatile.
- Where does this Morocco data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.