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Economy of Botswana vs Morocco compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $182B for Morocco, ranking 135/197 and 58/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $122B (67.1% of GDP) in Morocco.

Botswana vs Morocco GDP by year

Botswana
Morocco
1x
Year GDP, current $
Botswana Morocco
2025 $19,928,479,839 $182,374,250,612
2024 $19,286,251,068 $160,610,994,055
2023 $19,413,614,555 $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 (1960–2025, retrieved 2026-07-08).

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
2025 $7,778 - $4,746 -
2024 $7,650 $20,538 $4,218 $10,415
2023 $7,827 $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 (1960–2025, retrieved 2026-07-08).

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

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $4,746 in Morocco, ranking 126/197. 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
$19.9B
2025
$182B
2025
GDP rank
135/197
2025
58/197
2025
GDP growth
-0.73%
2024-2025
4.6%
2024-2025
GDP per capita
$7,778
2025
$4,746
2025
GDP per capita rank
100/197
2025
126/197
2025
GDP per capita, PPP
$20,538
2024
$10,415
2024
GDP per capita PPP rank
95/197
2024
132/197
2024
Government debt
$7.7B
2025
$122B
2025
Debt-to-GDP ratio
38.6%
2025
67.1%
2025
Government debt per person
$3,005
2025
$3,183
2025
Government debt per person rank
106/185
2025
102/185
2025
Average annual personal income after taxes
$5,441
2026
$4,045
2026
Market capitalization of domestic companies
$4.28B
2025
$114B
2025
Number of billionaires n/a
3
2026
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
35%
2025
31.3%
2025
Consumer prices inflation
2.66%
2024-2025
0.7%
2024-2025
Central bank interest rate
5.5%
2026
2.25%
2025
Unemployment rate
24.4%
2024
11.8%
2022
Population
2624853
38938817

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
2025 35% 38.6% 31.3% 67.1%
2024 33.7% 33.2% 30.9% 67.7%
2023 32.4% 22.5% 30.2% 68.7%
2022 29.1% 21% 31.8% 71.4%
2021 31.4% 22.3% 30.1% 69.4%
2020 36.5% 23.5% 34.1% 72.2%
2019 36.9% 21.5% 27% 60.3%
2018 35.6% 19.6% 27.8% 60.5%
2017 34.7% 19.6% 27.9% 60.3%
2016 34.1% 22.3% 28.6% 60.1%
2015 37.8% 24.5% 28.5% 58.4%
2014 36.5% 23.9% 30.7% 58.6%
2013 33.5% 23.8% 30.4% 57.1%
2012 37.1% 26.4% 32.5% 52.3%
2011 37.2% 27.9% 31.2% 48.6%
2010 42.6% 26.5% 28.7% 45.3%
2009 52.1% 22.4% 28.1% 42.6%
2008 48.1% 7.79% 28.3% 42%
2007 37.1% 5.93% 26.4% 47.1%
2006 33.1% 6.14% 26% 50.6%
2005 33.8% 7.46% 28.6% 54.8%
2004 39.8% 10.7% 24.5% 54.4%
2003 42.7% 7.08% 24.1% 56.9%
2002 45.1% 8.37% 25.8% 59.4%
2001 42.1% 7.48% 23.7% 60.4%
2000 38.8% 8.16% 22.8% 64.9%
1999 40.1% 9.31% 18.4% 63.4%
1998 41.8% 11.3% 18.7% 64.5%
1997 39% - 18.6% 68%
1996 36.1% - 17.6% 65.3%
1995 36.1% - 21.3% 72.2%
1994 37.6% - 21.7% 69.3%
1993 42% - 23.1% 74.7%
1992 42.3% - 22.3% 67%
1991 41.1% - 20.8% 59.1%
1990 38.9% - 22.6% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Morocco spent $57B, or 31.3% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 67.1% in Morocco, ranking 137/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Morocco
1x
Year Deficit/surplus, % of GDP
Botswana Morocco
2025 -7.42% -3.54%
2024 -7.26% -3.92%
2023 -4.16% -4.41%
2022 0.04% -5.37%
2021 -2.33% -5.92%
2020 -10.9% -7.15%
2019 -8.53% -3.8%
2018 -5.03% -3.52%
2017 -1.14% -3.3%
2016 0.71% -4.49%
2015 -4.82% -4.59%
2014 3.9% -4.78%
2013 5.84% -4.7%
2012 0.89% -6.63%
2011 -0.12% -6.08%
2010 -7.95% -3.93%
2009 -13.8% -1.63%
2008 -7.61% 0.63%
2007 5.73% -0.12%
2006 13.3% -1.8%
2005 10.3% -5.46%
2004 1.35% -3.31%
2003 -0.18% -3.74%
2002 -3.94% -4.37%
2001 -2.91% -3.79%
2000 8.73% -1.97%
1999 5.95% 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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Morocco's deficit of $6.46B, or 3.54% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Morocco ran a deficit in 25 years. On average, Botswana posted an annual deficit equal to 1.16% 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
2025 2.66% 0.7%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 1.78% in Morocco. In 2025, inflation was 2.66% in Botswana and 0.7% 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 $244K
Machinery & equipment $127K
Processed food, beverages & tobacco $51K
Textiles & consumer goods $3K
Raw materials & minerals $2K

Balance of trade

Botswana Morocco
Current account balance
-$821M
2024
-$4.56B
2025
Current account balance ranking
113/190
2024
163/190
2025
Current account balance, % of GDP
-4.26%
2024
-2.5%
2025
Goods imports
$6.86B
2024
$77.2B
2025
Goods exports
$4.66B
2024
$43.7B
2025
Service imports
$1.29B
2024
$16.7B
2025
Service exports
$935M
2024
$33.6B
2025
Imports of goods and services, % of GDP
37.5%
2025
51.1%
2025
Exports of goods and services, % of GDP
32%
2025
42%
2025

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 2026-07-08).

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
64.6%
2025
52.3%
2025
Industry, % of GDP
27.9%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
10.5%
2025
GNI, Atlas method
$18.9B
2025
$170B
2025
GNI per capita, PPP
$19,960
2025
$10,960
2025
Total reserves including gold
$3.46B
2024
$48.5B
2025
Total reserves ranking
117/177
2024
50/177
2025
Net foreign direct investment
-$464M
2024
-$2.51B
2025
Net inflows of foreign direct investment
$467M
2024
$1.75B
2024
Net outflows of foreign direct investment
$3.02M
2024
$679M
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
5.63%
2024
Poverty at national poverty lines
16.1%
2015
3.9%
2022
Gross capital formation, % of GDP
29.2%
2025
31.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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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.