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Economy of Botswana vs Morocco compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $161B for Morocco, ranking 133/197 and 58/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Botswana vs Morocco GDP by year

Botswana
Morocco
1x
Year GDP, current $
Botswana Morocco
2024 $19,402,063,513 $160,610,994,055
2023 $19,411,266,967 $146,036,093,667
2022 $20,321,150,599 $131,245,312,804
2021 $18,750,182,236 $142,022,058,447
2020 $14,960,251,608 $121,353,645,057
2019 $16,725,908,149 $128,920,266,409
2018 $17,031,943,186 $127,341,147,582
2017 $16,105,155,857 $118,540,573,368
2016 $15,082,637,184 $111,572,947,005
2015 $13,530,748,845 $110,413,823,842
2014 $15,470,088,501 $119,130,841,412
2013 $14,271,738,933 $115,739,287,305
2012 $13,907,464,500 $106,937,392,311
2011 $15,110,643,612 $110,080,631,332
2010 $12,637,273,429 $100,865,329,473
2009 $10,118,459,242 $101,154,952,241
2008 $10,730,829,116 $101,822,906,949
2007 $10,567,270,656 $86,947,913,287
2006 $9,919,158,482 $75,883,823,301
2005 $9,918,907,108 $68,852,658,069
2004 $8,957,467,707 $66,114,145,451
2003 $7,511,582,173 $58,029,363,354
2002 $5,438,863,983 $47,077,192,188
2001 $5,489,608,300 $43,831,480,208
2000 $5,788,329,609 $43,017,455,402
1999 $5,484,263,347 $46,266,428,648
1998 $4,790,481,509 $46,497,608,725
1997 $5,020,265,627 $39,147,844,526
1996 $4,847,757,218 $43,161,571,528
1995 $4,730,599,122 $39,030,285,468
1994 $4,259,259,604 $35,604,137,423
1993 $4,160,129,175 $31,655,473,664
1992 $4,146,464,587 $33,711,069,431
1991 $3,942,876,703 $32,285,573,574
1990 $3,790,636,324 $30,179,954,775
1989 $3,083,822,112 $26,314,313,191
1988 $2,644,554,159 $25,705,296,184
1987 $1,965,226,890 $21,765,195,948
1986 $1,392,602,164 $19,462,085,540
1985 $1,114,783,343 $14,991,283,216
1984 $1,240,822,167 $14,824,667,954
1983 $1,172,230,397 $16,251,408,128
1982 $1,014,945,696 $17,692,276,734
1981 $1,073,812,830 $17,788,185,479
1980 $1,060,889,704 $21,728,516,153
1979 $819,870,259 $15,911,994,817
1978 $590,407,374 $13,236,946,234
1977 $451,624,780 $11,049,783,872
1976 $372,025,093 $9,584,297,284
1975 $355,168,572 $8,984,853,005
1974 $306,044,208 $7,675,466,449
1973 $244,124,164 $6,242,145,880
1972 $164,460,915 $5,074,117,545
1971 $127,448,614 $4,356,669,034
1970 $96,243,234 $3,956,336,244
1969 $77,361,547 $3,651,622,669
1968 $66,248,441 $3,271,422,333
1967 $58,642,354 $3,046,345,314
1966 $51,465,655 $2,876,401,297
1965 $45,788,696 $2,948,331,090
1964 $41,616,348 $2,798,345,299
1963 $38,091,843 $2,657,252,578
1962 $35,644,957 $2,379,611,125
1961 $32,902,613 $2,025,693,540
1960 $30,411,414 $2,037,154,742

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

GeoRank.org/economy/botswana/morocco | CC BY

GDP per capita in Botswana vs Morocco by year

Botswana
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $4,218 $10,415
2023 $7,826 $21,012 $3,872 $9,895
2022 $8,329 $19,977 $3,516 $9,310
2021 $7,808 $17,961 $3,843 $8,623
2020 $6,323 $15,292 $3,317 $7,705
2019 $7,172 $15,960 $3,560 $8,046
2018 $7,408 $15,786 $3,553 $7,801
2017 $7,105 $15,701 $3,344 $8,115
2016 $6,749 $16,228 $3,186 $7,853
2015 $6,141 $14,144 $3,190 $7,799
2014 $7,122 $15,003 $3,483 $7,237
2013 $6,667 $13,621 $3,425 $7,542
2012 $6,596 $12,737 $3,206 $7,308
2011 $7,287 $13,635 $3,345 $7,274
2010 $6,216 $12,753 $3,107 $6,849
2009 $5,083 $11,686 $3,158 $6,629
2008 $5,503 $13,810 $3,222 $6,437
2007 $5,529 $13,389 $2,788 $6,058
2006 $5,292 $12,563 $2,466 $5,781
2005 $5,391 $11,458 $2,268 $5,275
2004 $4,957 $10,818 $2,207 $5,025
2003 $4,230 $10,439 $1,962 $4,741
2002 $3,117 $9,958 $1,612 $4,436
2001 $3,206 $9,420 $1,521 $4,269
2000 $3,451 $9,380 $1,513 $3,930
1999 $3,340 $9,188 $1,651 $3,801
1998 $2,981 $8,441 $1,683 $3,740
1997 $3,194 $8,497 $1,439 $3,502
1996 $3,156 $7,890 $1,610 $3,551
1995 $3,156 $7,503 $1,478 $3,152
1994 $2,917 $7,049 $1,369 $3,315
1993 $2,929 $6,847 $1,236 $2,979
1992 $3,005 $6,753 $1,337 $2,979
1991 $2,939 $6,598 $1,302 $3,025
1990 $2,903 $6,104 $1,238 $2,777
1989 $2,428 - $1,099 -
1988 $2,141 - $1,094 -
1987 $1,639 - $944 -
1986 $1,200 - $861 -
1985 $994 - $678 -
1984 $1,145 - $687 -
1983 $1,121 - $772 -
1982 $1,006 - $862 -
1981 $1,107 - $890 -
1980 $1,132 - $1,117 -
1979 $909 - $839 -
1978 $695 - $716 -
1977 $565 - $613 -
1976 $490 - $545 -
1975 $493 - $524 -
1974 $446 - $459 -
1973 $374 - $382 -
1972 $264.2 - $319 -
1971 $212.2 - $280.6 -
1970 $163 - $261.5 -
1969 $131.8 - $247.8 -
1968 $113.4 - $228 -
1967 $100.9 - $218.1 -
1966 $89.1 - $211.5 -
1965 $79.7 - $222.7 -
1964 $73.5 - $216.9 -
1963 $68.9 - $211.3 -
1962 $66 - $194.2 -
1961 $62.3 - $169.8 -
1960 $58.9 - $175.2 -

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

GeoRank.org/economy/botswana/morocco | CC BY

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Morocco ranks 132nd at $10,415.

Economic indicators

Botswana Morocco
Gross domestic product
$19.4B
2024
$161B
2024
GDP rank
133/197
2024
58/197
2024
GDP growth
-2.99%
2023-2024
3.79%
2023-2024
GDP per capita
$7,696
2024
$4,218
2024
GDP per capita rank
97/197
2024
127/197
2024
GDP per capita, PPP
$20,538
2024
$10,415
2024
GDP per capita PPP rank
95/197
2024
132/197
2024
Government debt
$5.82B
2024
$109B
2024
Debt-to-GDP ratio
30%
2024
67.7%
2024
Government debt per person
$2,310
2024
$2,857
2024
Government debt per person rank
114/185
2024
104/185
2024
Average annual personal income after taxes
$5,271
2026
$5,678
2026
Market capitalization of domestic companies
$3.59B
2023
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
42.9%
2015
31.9%
2013
Income share by poorest 10%
1.4%
2015
2.7%
2013
Government expenditure, % of GDP
33.8%
2024
33%
2024
Consumer prices inflation
2.82%
2023-2024
0.99%
2023-2024
Central bank interest rate
1.9%
2024
2.25%
2025
Unemployment rate
24.4%
2024
11.8%
2022
Population
2615162
38871720

Spending and national debt comparison by year

Botswana
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Botswana Morocco
Government spending Government debt Government spending Government debt
2024 33.8% 30% 33% 67.7%
2023 32.4% 22.5% 32% 68.7%
2022 29.5% 21.3% 33.7% 71.4%
2021 33% 23.4% 31% 69.4%
2020 38.5% 24.8% 34.1% 72.2%
2019 36.4% 21.3% 27.6% 60.3%
2018 35.9% 19.8% 27.8% 60.5%
2017 35% 19.8% 27.9% 60.3%
2016 34.2% 22.4% 28.6% 60.1%
2015 39.7% 25.7% 28.5% 58.4%
2014 36.4% 23.9% 30.7% 58.6%
2013 34.8% 24.7% 30.4% 57.1%
2012 38.3% 27.3% 32.5% 52.3%
2011 37.4% 28.1% 31.2% 48.6%
2010 44.7% 27.9% 28.7% 45.3%
2009 54.5% 23.5% 28.1% 42.6%
2008 48% 7.77% 28.3% 42%
2007 38.3% 6.12% 26.4% 47.1%
2006 34.1% 6.32% 26% 50.6%
2005 35% 7.74% 28.6% 54.8%
2004 42% 11.3% 24.5% 54.4%
2003 44% 7.29% 24.1% 56.9%
2002 46% 8.55% 25.8% 59.4%
2001 42.9% 7.61% 23.7% 60.4%
2000 39.8% 8.37% 22.8% 64.9%
1999 41.7% 9.68% 18.4% 63.4%
1998 44.3% 12% 18.7% 64.5%
1997 40% - 18.6% 68%
1996 37.2% - 17.6% 65.3%
1995 38.1% - 21.3% 72.2%
1994 39.2% - 21.7% 69.3%
1993 44.2% - 23.1% 74.7%
1992 43.4% - 22.3% 67%
1991 42.3% - 20.8% 59.1%
1990 40.5% - 22.6% 70.5%

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

GeoRank.org/economy/botswana/morocco | CC BY

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 67.7% in Morocco, ranking 158/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Morocco
1x
Year Deficit/surplus, % of GDP
Botswana Morocco
2024 -7.82% -3.92%
2023 -4.25% -4.41%
2022 -0.006% -5.37%
2021 -2.46% -5.92%
2020 -11.5% -7.15%
2019 -8.43% -3.8%
2018 -5.07% -3.52%
2017 -1.16% -3.3%
2016 0.72% -4.49%
2015 -5.06% -4.59%
2014 3.88% -4.78%
2013 6.07% -4.7%
2012 0.92% -6.63%
2011 -0.12% -6.08%
2010 -8.36% -3.93%
2009 -14.4% -1.63%
2008 -7.59% 0.63%
2007 5.92% -0.12%
2006 13.7% -1.8%
2005 10.7% -5.46%
2004 1.42% -3.31%
2003 -0.18% -3.74%
2002 -4.02% -4.37%
2001 -2.96% -3.79%
2000 8.95% -1.97%
1999 6.18% 3.21%
1998 - 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/botswana/morocco | CC BY

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Morocco ran a deficit in 24 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 3.65% of GDP for Morocco.

Inflation comparison by year

Inflation
Botswana

Morocco
1x
Year Consumer prices inflation
Botswana Morocco
2024 2.82% 0.99%
2023 5.07% 6.09%
2022 11.7% 6.66%
2021 7.24% 1.4%
2020 1.89% 0.71%
2019 2.77% 0.3%
2018 3.24% 1.8%
2017 3.31% 0.75%
2016 2.81% 1.64%
2015 3.06% 1.56%
2014 4.4% 0.44%
2013 5.88% 1.88%
2012 7.54% 1.29%
2011 8.46% 0.91%
2010 6.95% 0.99%
2009 8.03% 0.97%
2008 12.7% 3.71%
2007 7.08% 2.04%
2006 11.6% 3.28%
2005 8.61% 0.98%
2004 6.95% 1.49%
2003 9.19% 1.17%
2002 8.03% 2.8%
2001 6.56% 0.62%
2000 8.6% 1.89%
1999 7.75% 0.68%
1998 6.66% 2.75%
1997 8.72% 1.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/botswana/morocco | CC BY

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 1.82% in Morocco. In 2024, inflation was 2.82% in Botswana and 0.99% in Morocco.

Top exports between countries

Botswana
Export category Export value
Wood & paper products $6K
Machinery & equipment $2K
Textiles & consumer goods $1K
Morocco
Export category Export value
Chemicals & pharma $259K
Machinery & equipment $11K
Textiles & consumer goods $4K

Balance of trade

Botswana Morocco
Current account balance
-$821M
2024
-$1.87B
2024
Current account balance ranking
118/190
2024
141/190
2024
Current account balance, % of GDP
-4.23%
2024
-1.16%
2024
Goods imports
$6.86B
2024
$66.5B
2024
Goods exports
$4.66B
2024
$39.3B
2024
Service imports
$1.29B
2024
$14.3B
2024
Service exports
$935M
2024
$28.2B
2024
Imports of goods and services, % of GDP
43.7%
2024
50.2%
2024
Exports of goods and services, % of GDP
27.4%
2024
42%
2024

Economic freedom indices

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

Botswana Morocco
Economic freedom 67.7 61.8
Economic freedom ranking 53/197 91/197
Property rights 71.7 55.2
Government integrity 59.6 35.6
Judicial effectiveness 70.2 32.5
Tax burden 87.1 65.5
Government spending 69.8 67.5
Fiscal health 72.4 57.5
Business freedom 61.5 72.1
Labor freedom 60.7 46.2
Monetary freedom 72 79.6
Trade freedom 77 69.8
Investment freedom 50 80
Financial freedom 60 80

Economic freedom comparison by year

Botswana
Morocco
1x
Year Economic freedom index
Botswana Morocco
2026 67.7 61.8
2025 69.9 60.3
2024 68 56.8
2023 64.9 58.4
2022 64.8 59.2
2021 67.6 63.3
2020 69.6 63.3
2019 69.5 62.9
2018 69.9 61.9
2017 70.1 61.5
2016 71.1 61.3
2015 69.8 60.1
2014 72 58.3
2013 70.6 59.6
2012 69.6 60.2
2011 68.8 59.6
2010 70.3 59.2
2009 69.7 57.7
2008 68.2 55.6
2007 68.1 56.4
2006 68.8 51.5
2005 69.3 52.2
2004 69.9 56.7
2003 68.6 57.8
2002 66.2 59
2001 66.8 63.9
2000 65.8 63.2
1999 62.9 63.8
1998 62.8 61.1
1997 59.1 64.7
1996 61.6 64.3
1995 56.8 62.8

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

GeoRank.org/economy/botswana/morocco | CC BY

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, 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

Botswana Morocco
Services, % of GDP
63.5%
2024
52.7%
2024
Industry, % of GDP
29.4%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
10.6%
2024
GNI, Atlas method
$19.5B
2024
$149B
2024
GNI per capita, PPP
$20,570
2024
$10,260
2024
Total reserves including gold
$3.46B
2024
$37.1B
2024
Total reserves ranking
113/177
2024
52/177
2024
Net foreign direct investment
-$464M
2024
-$948M
2024
Net inflows of foreign direct investment
$467M
2024
$1.64B
2024
Net outflows of foreign direct investment
$3.02M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
5.63%
2024
Poverty at national poverty lines
16.1%
2015
3.9%
2022
Gross capital formation, % of GDP
36%
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/botswana/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 (2022–2024, 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.