Insurance and financial services in Morocco
Morocco: Insurance and financial services was 2.3% in 2025. ▼ Falling
Insurance and financial services in Morocco, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Morocco recorded 2.3% for insurance and financial services in 2025.
That represents a change of up 16.3% on the previous year and down 13.3% over ten years.
Over the whole period, insurance and financial services in Morocco peaked at 6.8% in 1992 and was at its lowest, 1.4%, in 2016.
That places Morocco 167th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Insurance and financial services in Morocco, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 4.1% | — |
| 1976 | 2.5% | -39.2% |
| 1977 | 2.8% | +13.7% |
| 1978 | 2.5% | -11.2% |
| 1979 | 2.8% | +11.5% |
| 1980 | 3.3% | +18.8% |
| 1981 | 3.4% | +3.2% |
| 1982 | 3.5% | +3.6% |
| 1983 | 3.2% | -9.1% |
| 1984 | 4.0% | +25.6% |
| 1985 | 3.7% | -8.0% |
| 1986 | 2.5% | -32.5% |
| 1987 | 2.8% | +13.8% |
| 1988 | 3.1% | +10.4% |
| 1989 | 3.7% | +16.1% |
| 1990 | 3.9% | +6.0% |
| 1991 | 6.5% | +67.6% |
| 1992 | 6.8% | +4.2% |
| 1993 | 4.7% | -30.5% |
| 1994 | 4.9% | +3.9% |
| 1995 | 2.5% | -48.5% |
| 1996 | 2.4% | -5.6% |
| 1997 | 2.3% | -2.1% |
| 1998 | 1.9% | -17.0% |
| 1999 | 1.8% | -4.8% |
| 2000 | 1.5% | -16.5% |
| 2001 | 1.8% | +16.7% |
| 2002 | 1.9% | +5.4% |
| 2003 | 2.0% | +5.5% |
| 2004 | 2.4% | +18.9% |
| 2005 | 2.1% | -11.7% |
| 2006 | 2.1% | -0.0% |
| 2007 | 2.1% | +0.3% |
| 2008 | 2.5% | +18.5% |
| 2009 | 3.6% | +44.3% |
| 2010 | 3.3% | -7.8% |
| 2011 | 2.9% | -12.4% |
| 2012 | 3.4% | +17.5% |
| 2013 | 3.6% | +6.5% |
| 2014 | 2.3% | -35.1% |
| 2015 | 2.7% | +13.8% |
| 2016 | 1.4% | -47.8% |
| 2017 | 1.5% | +7.8% |
| 2018 | 1.5% | -3.3% |
| 2019 | 3.2% | +116.8% |
| 2020 | 4.2% | +33.0% |
| 2021 | 3.9% | -6.1% |
| 2022 | 2.4% | -38.1% |
| 2023 | 2.3% | -3.7% |
| 2024 | 2.0% | -15.1% |
| 2025 | 2.3% | +16.3% |
Morocco compared with similar countries
- Morocco's 2.3% is below the median for lower middle income countries, which is 6.5%, 36% of the median. (47 countries reporting)
- Morocco's 2.3% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 36% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial 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 |
|---|---|---|---|
| 2019 | +116.8% | 1.5% | 3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9% | 2.5% | 4.1% | 5 |
| 1980s | 3.3% | 2.5% | 4.0% | 10 |
| 1990s | 3.8% | 1.8% | 6.8% | 10 |
| 2000s | 2.2% | 1.5% | 3.6% | 10 |
| 2010s | 2.6% | 1.4% | 3.6% | 10 |
| 2020s | 2.9% | 2.0% | 4.2% | 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 insurance and financial services in Morocco?
- Insurance and financial services in Morocco was 2.3% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Morocco?
- The highest recorded value was 6.8% in 1992.
- What is the lowest insurance and financial services recorded in Morocco?
- The lowest recorded value was 1.4% in 2016.
- How does Morocco rank for insurance and financial services?
- Morocco ranks 167th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Morocco?
- Over the last ten years it is down 13.3%. The long-run trend across the full record is falling.
- 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 Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.