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Economy of Bosnia and Herzegovina vs Morocco compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $161B for Morocco, ranking 111/197 and 58/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Bosnia and Herzegovina vs Morocco GDP by year

Bosnia and Herzegovina
Morocco
1x
Year GDP, current $
Bosnia Morocco
2024 $29,613,572,023 $160,610,994,055
2023 $27,592,361,498 $146,036,093,667
2022 $24,534,663,636 $131,245,312,804
2021 $23,672,712,121 $142,022,058,447
2020 $20,226,038,370 $121,353,645,057
2019 $20,482,608,984 $128,920,266,409
2018 $20,484,058,033 $127,341,147,582
2017 $18,326,373,136 $118,540,573,368
2016 $17,116,926,554 $111,572,947,005
2015 $16,404,348,361 $110,413,823,842
2014 $18,558,734,107 $119,130,841,412
2013 $18,179,109,209 $115,739,287,305
2012 $17,226,735,996 $106,937,392,311
2011 $18,644,233,537 $110,080,631,332
2010 $17,176,315,804 $100,865,329,473
2009 $17,613,949,091 $101,154,952,241
2008 $19,112,796,623 $101,822,906,949
2007 $15,778,734,264 $86,947,913,287
2006 $12,864,841,906 $75,883,823,301
2005 $11,222,796,337 $68,852,658,069
2004 $10,156,541,221 $66,114,145,451
2003 $8,498,894,359 $58,029,363,354
2002 $6,728,220,983 $47,077,192,188
2001 $5,800,615,375 $43,831,480,208
2000 $5,567,772,769 $43,017,455,402
1999 $4,686,256,363 $46,266,428,648
1998 $4,116,774,301 $46,497,608,725
1997 $3,671,909,673 $39,147,844,526
1996 $2,786,045,322 $43,161,571,528
1995 $1,866,572,954 $39,030,285,468
1994 $1,255,802,469 $35,604,137,423
1993 $3,630,668,950 $31,655,473,664
1992 $4,735,044,707 $33,711,069,431
1991 $6,122,959,184 $32,285,573,574
1990 $7,753,478,261 $30,179,954,775
1989 - $26,314,313,191
1988 - $25,705,296,184
1987 - $21,765,195,948
1986 - $19,462,085,540
1985 - $14,991,283,216
1984 - $14,824,667,954
1983 - $16,251,408,128
1982 - $17,692,276,734
1981 - $17,788,185,479
1980 - $21,728,516,153
1979 - $15,911,994,817
1978 - $13,236,946,234
1977 - $11,049,783,872
1976 - $9,584,297,284
1975 - $8,984,853,005
1974 - $7,675,466,449
1973 - $6,242,145,880
1972 - $5,074,117,545
1971 - $4,356,669,034
1970 - $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $2,876,401,297
1965 - $2,948,331,090
1964 - $2,798,345,299
1963 - $2,657,252,578
1962 - $2,379,611,125
1961 - $2,025,693,540
1960 - $2,037,154,742

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

GDP per capita in Bosnia and Herzegovina vs Morocco by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $4,218 $10,415
2023 $8,663 $23,376 $3,872 $9,895
2022 $7,656 $21,651 $3,516 $9,310
2021 $7,295 $18,287 $3,843 $8,623
2020 $6,130 $16,370 $3,317 $7,705
2019 $6,122 $16,429 $3,560 $8,046
2018 $6,048 $14,859 $3,553 $7,801
2017 $5,345 $13,627 $3,344 $8,115
2016 $4,929 $12,899 $3,186 $7,853
2015 $4,662 $11,845 $3,190 $7,799
2014 $5,206 $11,168 $3,483 $7,237
2013 $5,035 $10,808 $3,425 $7,542
2012 $4,694 $10,121 $3,206 $7,308
2011 $4,983 $9,761 $3,345 $7,274
2010 $4,506 $9,086 $3,107 $6,849
2009 $4,540 $8,698 $3,158 $6,629
2008 $4,842 $8,587 $3,222 $6,437
2007 $3,931 $7,686 $2,788 $6,058
2006 $3,166 $6,869 $2,466 $5,781
2005 $2,740 $5,956 $2,268 $5,275
2004 $2,453 $5,407 $2,207 $5,025
2003 $2,034 $4,917 $1,962 $4,741
2002 $1,607 $4,665 $1,612 $4,436
2001 $1,388 $4,307 $1,521 $4,269
2000 $1,338 $4,148 $1,513 $3,930
1999 $1,135 $3,875 $1,651 $3,801
1998 $1,007 $3,524 $1,683 $3,740
1997 $914 $3,041 $1,439 $3,502
1996 $719 $2,269 $1,610 $3,551
1995 $502 $1,507 $1,478 $3,152
1994 $337 $1,269 $1,369 $3,315
1993 $930 $1,067 $1,236 $2,979
1992 $1,118 $982 $1,337 $2,979
1991 $1,373 $975 $1,302 $3,025
1990 $1,743 $1,043 $1,238 $2,777
1989 - - $1,099 -
1988 - - $1,094 -
1987 - - $944 -
1986 - - $861 -
1985 - - $678 -
1984 - - $687 -
1983 - - $772 -
1982 - - $862 -
1981 - - $890 -
1980 - - $1,117 -
1979 - - $839 -
1978 - - $716 -
1977 - - $613 -
1976 - - $545 -
1975 - - $524 -
1974 - - $459 -
1973 - - $382 -
1972 - - $319 -
1971 - - $280.6 -
1970 - - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $211.5 -
1965 - - $222.7 -
1964 - - $216.9 -
1963 - - $211.3 -
1962 - - $194.2 -
1961 - - $169.8 -
1960 - - $175.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Morocco ranks 132nd at $10,415.

Economic indicators

Bosnia Morocco
Gross domestic product
$29.6B
2024
$161B
2024
GDP rank
111/197
2024
58/197
2024
GDP growth
2.97%
2023-2024
3.79%
2023-2024
GDP per capita
$9,359
2024
$4,218
2024
GDP per capita rank
87/197
2024
127/197
2024
GDP per capita, PPP
$25,043
2024
$10,415
2024
GDP per capita PPP rank
83/197
2024
132/197
2024
Government debt
$8.74B
2024
$109B
2024
Debt-to-GDP ratio
29.5%
2024
67.7%
2024
Government debt per person
$2,763
2024
$2,857
2024
Government debt per person rank
107/185
2024
104/185
2024
Average annual personal income after taxes
$8,501
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
25.1%
2011
31.9%
2013
Income share by poorest 10%
2.9%
2011
2.7%
2013
Government expenditure, % of GDP
43.3%
2024
33%
2024
Consumer prices inflation
1.7%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
10.7%
2024
11.8%
2022
Population
3116111
38871720

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Bosnia Morocco
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 33% 67.7%
2023 41.7% 29% 32% 68.7%
2022 39.4% 31.2% 33.7% 71.4%
2021 40.6% 35.8% 31% 69.4%
2020 45.4% 37.2% 34.1% 72.2%
2019 39.9% 32.8% 27.6% 60.3%
2018 40.4% 34.5% 27.8% 60.5%
2017 40% 38.6% 27.9% 60.3%
2016 41.5% 44.9% 28.6% 60.1%
2015 42.7% 46.4% 28.5% 58.4%
2014 46.2% 47.1% 30.7% 58.6%
2013 44.5% 43.8% 30.4% 57.1%
2012 46.9% 43.6% 32.5% 52.3%
2011 46.4% 40.9% 31.2% 48.6%
2010 48.7% 42.2% 28.7% 45.3%
2009 49% 36.4% 28.1% 42.6%
2008 48.4% 30.3% 28.3% 42%
2007 45.2% 18.2% 26.4% 47.1%
2006 44.2% 20.6% 26% 50.6%
2005 44.5% 24.9% 28.6% 54.8%
2004 45.6% 25.5% 24.5% 54.4%
2003 47.3% 27.6% 24.1% 56.9%
2002 47.4% 31.1% 25.8% 59.4%
2001 50.2% 35.1% 23.7% 60.4%
2000 56.2% 34.6% 22.8% 64.9%
1999 57.5% 56% 18.4% 63.4%
1998 54.4% 54.4% 18.7% 64.5%
1997 - - 18.6% 68%
1996 - - 17.6% 65.3%
1995 - - 21.3% 72.2%
1994 - - 21.7% 69.3%
1993 - - 23.1% 74.7%
1992 - - 22.3% 67%
1991 - - 20.8% 59.1%
1990 - - 22.6% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 67.7% in Morocco, ranking 159/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Morocco
1x
Year Deficit/surplus, % of GDP
Bosnia Morocco
2024 -1.88% -3.92%
2023 -1.67% -4.41%
2022 0.15% -5.37%
2021 -0.18% -5.92%
2020 -4.5% -7.15%
2019 1.37% -3.8%
2018 1.63% -3.52%
2017 1.79% -3.3%
2016 0.34% -4.49%
2015 -0.19% -4.59%
2014 -2.87% -4.78%
2013 -1.28% -4.7%
2012 -2.68% -6.63%
2011 -2.73% -6.08%
2010 -4.06% -3.93%
2009 -5.34% -1.63%
2008 -3.82% 0.63%
2007 0.17% -0.12%
2006 2.08% -1.8%
2005 0.74% -5.46%
2004 -0.18% -3.31%
2003 -0.44% -3.74%
2002 -2.99% -4.37%
2001 -3.44% -3.79%
2000 -4.63% -1.97%
1999 -2.78% 3.21%
1998 -0.98% 1.47%
1997 - 1.5%
1996 - 0.87%
1995 - -2.54%
1994 - -2.51%
1993 - -2%
1992 - -1.84%
1991 - -0.9%
1990 - -1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Morocco ran a deficit in 24 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 3.46% of GDP for Morocco.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Morocco
1x
Year Consumer prices inflation
Bosnia Morocco
2024 1.7% 0.99%
2023 6.1% 6.09%
2022 14% 6.66%
2021 2% 1.4%
2020 -1.1% 0.71%
2019 0.6% 0.3%
2018 1.4% 1.8%
2017 0.8% 0.75%
2016 -1.6% 1.64%
2015 -1% 1.56%
2014 -0.9% 0.44%
2013 -0.1% 1.88%
2012 2.1% 1.29%
2011 4% 0.91%
2010 2.1% 0.99%
2009 -0.4% 0.97%
2008 7.4% 3.71%
2007 1.5% 2.04%
2006 6.1% 3.28%
2005 3.6% 0.98%
2004 0.3% 1.49%
2003 0.5% 1.17%
2002 0.3% 2.8%
2001 3.2% 0.62%
2000 5% 1.89%
1999 2.8% 0.68%
1998 -0.3% 2.75%
1997 5.7% 1.04%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 1.82% in Morocco. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 0.99% in Morocco.

Top exports between countries

Bosnia
Export category Export value
Metals $2.99M
Weapons & explosives $2.3M
Wood & paper products $1.63M
Processed food, beverages & tobacco $149K
Textiles & consumer goods $116K
Machinery & equipment $55K
Chemicals & pharma $49K
Raw materials & minerals $10K
Morocco
Export category Export value
Processed food, beverages & tobacco $2.68M
Textiles & consumer goods $358K
Animal & marine products $104K
Chemicals & pharma $67K
Raw agricultural goods $55K
Machinery & equipment $45K
Raw materials & minerals $1K
Wood & paper products $1K

Balance of trade

Bosnia Morocco
Current account balance
-$1.03B
2024
-$1.87B
2024
Current account balance ranking
123/190
2024
141/190
2024
Current account balance, % of GDP
-3.47%
2024
-1.16%
2024
Goods imports
$14.8B
2024
$66.5B
2024
Goods exports
$8.36B
2024
$39.3B
2024
Service imports
$1.27B
2024
$14.3B
2024
Service exports
$3.74B
2024
$28.2B
2024
Imports of goods and services, % of GDP
54.3%
2024
50.2%
2024
Exports of goods and services, % of GDP
40.9%
2024
42%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bosnia Morocco
Economic freedom 63.1 61.8
Economic freedom ranking 83/197 91/197
Property rights 46.9 55.2
Government integrity 36.8 35.6
Judicial effectiveness 36.1 32.5
Tax burden 93.9 65.5
Government spending 48.4 67.5
Fiscal health 96.2 57.5
Business freedom 65.1 72.1
Labor freedom 62.7 46.2
Monetary freedom 77.5 79.6
Trade freedom 69 69.8
Investment freedom 65 80
Financial freedom 60 80

Economic freedom comparison by year

Bosnia and Herzegovina
Morocco
1x
Year Economic freedom index
Bosnia Morocco
2026 63.1 61.8
2025 63.5 60.3
2024 62 56.8
2023 62.9 58.4
2022 63.4 59.2
2021 62.9 63.3
2020 62.6 63.3
2019 61.9 62.9
2018 61.4 61.9
2017 60.2 61.5
2016 58.6 61.3
2015 59 60.1
2014 58.4 58.3
2013 57.3 59.6
2012 57.3 60.2
2011 57.5 59.6
2010 56.2 59.2
2009 53.1 57.7
2008 53.9 55.6
2007 54.4 56.4
2006 55.6 51.5
2005 48.8 52.2
2004 44.7 56.7
2003 40.6 57.8
2002 37.4 59
2001 36.6 63.9
2000 45.1 63.2
1999 29.4 63.8
1998 29.4 61.1
1997 - 64.7
1996 - 64.3
1995 - 62.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Morocco
Services, % of GDP
56.6%
2024
52.7%
2024
Industry, % of GDP
22.4%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
10.6%
2024
GNI, Atlas method
$27.8B
2024
$149B
2024
GNI per capita, PPP
$24,990
2024
$10,260
2024
Total reserves including gold
$9.42B
2024
$37.1B
2024
Total reserves ranking
79/177
2024
52/177
2024
Net foreign direct investment
-$885M
2024
-$948M
2024
Net inflows of foreign direct investment
$1B
2024
$1.64B
2024
Net outflows of foreign direct investment
$119M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
5.63%
2024
Poverty at national poverty lines
16.9%
2015
3.9%
2022
Gross capital formation, % of GDP
27.5%
2024
30.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bosnia-and-herzegovina/morocco | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.