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Economy of Burundi vs Morocco compared: GDP & Debt

Updated on by Georank team

Burundi has a GDP of $2.16B compared to $154B for Morocco, ranking 177/197 and 60/197 by economy size, respectively.

Burundi has $934M in government debt (35.3% of GDP), compared to $108B (68.9% of GDP) in Morocco.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Burundi
GDP, current $

GDP, constant 2015 $
Morocco
GDP, current $

GDP, constant 2015 $
Year GDP
Burundi Morocco
Current $ Constant $ Current $ Constant $
1960 $195,999,990 $798,536,036 $2,037,154,742 -
1961 $202,999,992 $688,768,194 $2,025,693,540 -
1962 $213,500,006 $751,192,344 $2,379,611,125 -
1963 $232,749,998 $782,257,208 $2,657,252,578 -
1964 $260,750,008 $831,328,499 $2,798,345,299 -
1965 $158,994,963 $864,309,176 $2,948,331,090 -
1966 $165,444,571 $904,179,697 $2,876,401,297 $11,518,527,478
1967 $178,297,143 $1,029,151,062 $3,046,345,314 $12,673,702,326
1968 $183,200,000 $1,026,085,389 $3,271,422,333 $13,927,351,921
1969 $190,205,714 $1,011,109,250 $3,651,622,669 $15,091,980,118
1970 $242,732,571 $1,226,735,080 $3,956,336,244 $15,803,334,621
1971 $252,842,286 $1,260,431,391 $4,356,669,034 $16,687,830,454
1972 $246,804,571 $1,179,713,807 $5,074,117,545 $17,094,552,490
1973 $304,339,524 $1,260,984,889 $6,242,145,880 $17,703,000,749
1974 $345,263,492 $1,251,819,552 $7,675,466,449 $18,693,669,512
1975 $420,986,667 $1,260,556,254 $8,984,853,005 $20,106,578,472
1976 $448,412,754 $1,360,677,964 $9,584,297,284 $22,280,658,838
1977 $547,535,556 $1,516,740,284 $11,049,783,872 $23,630,681,317
1978 $610,225,556 $1,502,474,189 $13,236,946,234 $24,158,274,887
1979 $782,496,667 $1,527,489,708 $15,911,994,817 $25,316,371,178
1980 $919,726,667 $1,542,627,982 $21,728,516,153 $26,238,435,141
1981 $969,046,667 $1,730,262,074 $17,788,185,479 $25,780,985,097
1982 $1,013,222,222 $1,712,032,036 $17,692,276,734 $28,090,283,844
1983 $1,082,926,304 $1,775,639,625 $16,251,408,128 $28,479,775,174
1984 $987,143,931 $1,778,401,526 $14,824,667,954 $30,307,717,168
1985 $1,149,979,286 $1,987,953,782 $14,991,283,216 $32,128,499,366
1986 $1,201,725,497 $2,052,565,867 $19,462,085,540 $35,107,166,524
1987 $1,131,466,494 $2,165,520,540 $21,765,195,948 $34,993,066,802
1988 $1,082,403,219 $2,274,468,406 $25,705,296,184 $39,148,576,061
1989 $1,113,924,130 $2,305,162,408 $26,314,313,191 $40,262,823,844
1990 $1,132,101,253 $2,385,838,992 $30,179,954,775 $41,636,515,790
1991 $1,167,398,478 $2,505,055,464 $32,285,573,574 $44,641,043,474
1992 $1,083,037,671 $2,530,356,484 $33,711,069,431 $43,704,591,005
1993 $938,632,612 $2,372,462,239 $31,655,473,664 $43,380,918,431
1994 $925,030,590 $2,281,596,935 $35,604,137,423 $47,974,090,255
1995 $1,000,428,394 $2,100,894,458 $39,030,285,468 $45,380,875,814
1996 $869,033,856 $1,932,822,901 $43,161,571,528 $50,995,795,429
1997 $972,896,268 $1,902,091,017 $39,147,844,526 $50,199,902,853
1998 $893,770,740 $1,992,440,341 $46,497,608,725 $53,833,649,265
1999 $808,077,223 $1,972,316,693 $46,266,428,648 $54,747,239,389
2000 $870,486,066 $1,955,416,620 $43,017,455,402 $56,160,912,156
2001 $876,794,723 $1,995,616,214 $43,831,480,208 $60,497,559,621
2002 $825,394,519 $2,084,351,677 $47,077,192,188 $62,754,238,002
2003 $784,654,424 $2,058,844,882 $58,029,363,354 $66,626,866,132
2004 $915,257,323 $2,158,362,398 $66,114,145,451 $69,672,633,475
2005 $1,117,113,080 $2,177,787,659 $68,852,658,069 $71,896,757,929
2006 $1,273,375,078 $2,295,688,883 $75,883,823,301 $77,498,104,933
2007 $1,356,199,387 $2,374,934,883 $86,947,913,287 $80,164,867,241
2008 $1,611,835,857 $2,490,397,481 $101,822,906,949 $84,721,870,675
2009 $1,781,455,140 $2,585,349,995 $101,154,952,241 $87,895,356,583
2010 $2,032,135,192 $2,717,827,465 $100,865,329,473 $90,971,304,769
2011 $2,235,820,809 $2,827,426,576 $110,080,631,332 $95,997,146,622
2012 $2,333,341,334 $2,953,153,932 $106,937,392,311 $98,936,909,179
2013 $2,451,606,632 $3,098,572,840 $115,739,287,305 $103,015,299,181
2014 $2,705,783,330 $3,229,972,475 $119,130,841,412 $105,816,536,606
2015 $3,104,003,546 $3,104,003,546 $110,413,823,842 $110,413,823,842
2016 $2,644,487,777 $3,085,379,497 $111,572,947,005 $110,989,284,688
2017 $2,723,586,963 $3,100,806,433 $118,540,573,368 $116,603,009,678
2018 $2,667,182,200 $3,150,727,414 $127,341,147,582 $120,177,639,735
2019 $2,576,518,880 $3,207,836,407 $128,920,266,409 $123,651,944,969
2020 $2,649,680,261 $3,218,331,065 $121,353,645,057 $114,775,951,852
2021 $2,775,798,697 $3,318,099,328 $142,022,058,447 $124,135,631,044
2022 $3,338,722,828 $3,379,450,966 $130,951,926,351 $126,031,434,845
2023 $2,629,391,600 $3,469,531,570 $144,417,103,250 $130,320,714,719
2024 $2,162,378,759 $3,590,591,567 $154,430,996,473 $134,538,562,551

Economic indicators

Burundi Morocco
Gross domestic product
$2.16B
2024
$154B
2024
GDP rank
177/197
2024
60/197
2024
GDP growth
-17.8%
2023-2024
6.93%
2023-2024
GDP per capita
$153.9
2024
$4,055
2024
GDP per capita rank
197/197
2024
128/197
2024
GDP per capita, PPP
$950
2024
$10,305
2024
Government debt
$934M
2024
$108B
2024
Debt-to-GDP ratio
35.3%
2025
68.9%
2025
Government debt per person
$66.5
2024
$2,840
2024
Government debt per person rank
184/185
2024
105/185
2024
Average annual personal income after taxes
$1,071
2025
$5,043
2025
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
29.9%
2020
31.9%
2013
Income share by poorest 10%
2.9%
2020
2.7%
2013
Government expenditure, % of GDP
23.5%
2025
34.3%
2025
Consumer prices inflation
20.2%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
1.03%
2020
11.8%
2022
Population
14662443
38697192

GDP per capita in Burundi vs Morocco

Burundi's GDP per capita is $153.9, ranking 197/197, compared to $4,055 in Morocco, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Burundi ranks 197th at $950, while Morocco ranks 132nd at $10,305.

Burundi
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
Year Current $
Burundi Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $70.9 - $175.2 -
1961 $71.6 - $169.8 -
1962 $73.4 - $194.2 -
1963 $78.4 - $211.3 -
1964 $85.3 - $216.9 -
1965 $50.6 - $222.7 -
1966 $51.4 - $211.5 -
1967 $54 - $218.1 -
1968 $54.2 - $228 -
1969 $55.1 - $247.8 -
1970 $68.8 - $261.5 -
1971 $69.9 - $280.6 -
1972 $68.2 - $319 -
1973 $84.3 - $382 -
1974 $93.2 - $459 -
1975 $110.9 - $524 -
1976 $115.5 - $545 -
1977 $137.4 - $613 -
1978 $148.8 - $716 -
1979 $186.2 - $839 -
1980 $209.8 - $1,117 -
1981 $212.2 - $890 -
1982 $216.4 - $862 -
1983 $225.2 - $772 -
1984 $200.4 - $687 -
1985 $228.4 - $678 -
1986 $234.3 - $861 -
1987 $215.6 - $944 -
1988 $201.7 - $1,094 -
1989 $203.6 - $1,099 -
1990 $202.6 $598 $1,238 $2,777
1991 $204.7 $636 $1,302 $3,025
1992 $184.9 $640 $1,337 $2,979
1993 $165.3 $634 $1,236 $2,979
1994 $161.9 $618 $1,369 $3,315
1995 $164.9 $548 $1,478 $3,152
1996 $143.2 $513 $1,610 $3,551
1997 $160.3 $513 $1,439 $3,502
1998 $144.5 $533 $1,683 $3,740
1999 $127.5 $523 $1,651 $3,801
2000 $134.5 $519 $1,513 $3,930
2001 $132.2 $528 $1,521 $4,269
2002 $121 $545 $1,612 $4,436
2003 $111.4 $532 $1,962 $4,741
2004 $125.2 $551 $2,207 $5,025
2005 $147.2 $553 $2,268 $5,275
2006 $161.9 $580 $2,466 $5,781
2007 $166.2 $593 $2,788 $6,058
2008 $189.5 $609 $3,222 $6,437
2009 $199.1 $604 $3,158 $6,629
2010 $216.7 $614 $3,107 $6,849
2011 $230.1 $629 $3,345 $7,274
2012 $231.7 $639 $3,206 $7,308
2013 $234.8 $687 $3,425 $7,542
2014 $250.5 $724 $3,483 $7,237
2015 $281 $797 $3,190 $7,799
2016 $235.3 $772 $3,186 $7,853
2017 $236.7 $761 $3,344 $8,115
2018 $224.9 $753 $3,553 $7,801
2019 $210.2 $779 $3,560 $8,046
2020 $210 $787 $3,317 $7,705
2021 $214.1 $837 $3,843 $8,623
2022 $250.6 $889 $3,508 $9,284
2023 $192.1 $920 $3,829 $9,843
2024 $153.9 $950 $4,055 $10,305

Spending and national debt comparison

In 2024, Burundi's government spending was $490M, accounting for 23.5% of its GDP, while Morocco's spent $52.8B, or 34.3% of GDP.

Debt-to-GDP ratio is 35.3% in Burundi and 68.9% in Morocco, ranking 147/185 and 58/185, respectively.

Burundi
Government spending

Government debt
Morocco
Government spending

Government debt
Year % of GDP
Burundi Morocco
Government spending Government debt Government spending Government debt
1990 20.3% - 22.6% 70.5%
1991 22.4% - 20.8% 59.1%
1992 30.4% 93.5% 22.3% 67%
1993 28% 112% 23.1% 74.7%
1994 22.6% 119.6% 21.7% 69.3%
1995 25.7% 117.1% 21.3% 72.2%
1996 28.4% 139.4% 17.6% 65.3%
1997 21.9% 122.8% 18.6% 68%
1998 23.2% 138.9% 18.7% 64.5%
1999 23.6% 140.6% 18.4% 63.4%
2000 24.6% 136.4% 22.8% 64.9%
2001 25.4% 127.4% 23.7% 60.4%
2002 24.1% 159.1% 25.8% 59.4%
2003 36.5% 172% 24.1% 56.9%
2004 40.8% 172.7% 24.5% 54.4%
2005 33.1% 137% 28.6% 54.8%
2006 36.5% 130.3% 26% 50.6%
2007 39% 129.6% 26.4% 47.1%
2008 41.2% 102.5% 28.3% 42%
2009 38% 25.7% 28.1% 42.6%
2010 40.8% 46.9% 28.7% 45.3%
2011 42.2% 42.7% 31.2% 48.6%
2012 37.5% 41.4% 32.5% 52.3%
2013 34.8% 37.9% 30.4% 57.1%
2014 28.5% 38% 30.7% 58.6%
2015 23.2% 39.9% 28.5% 58.4%
2016 22.6% 46.1% 28.6% 60.1%
2017 24.1% 46.9% 27.9% 60.3%
2018 26% 53% 27.8% 60.5%
2019 28.8% 60.1% 27.7% 60.3%
2020 29.4% 65.9% 34.1% 72.2%
2021 30.3% 66.5% 31% 69.4%
2022 33.5% 68.3% 33.8% 71.5%
2023 28.3% 47.2% 32.3% 69.5%
2024 22.7% 43.2% 34.2% 70%
2025 23.5% 35.3% 34.3% 68.9%

Government deficit by year

In 2024, Burundi's government deficit, the difference between spending and revenue, was -$109M, equivalent to -5.02% of GDP. This compares to Morocco's deficit of -$6.26B, or -4.06% of GDP.

Over the past 35 years, Burundi recorded a fiscal deficit in 33 of those years, while Morocco ran a deficit in 30 years. On average, Burundi posted an annual deficit equal to -5.45% of GDP, compared to deficit of -2.93% of GDP for Morocco.

Deficit/surplus
Burundi

Morocco
Year Deficit/surplus, % of GDP
Burundi Morocco
1990 9.47% -1.32%
1991 4.82% -0.9%
1992 -4.85% -1.84%
1993 -1.42% -2%
1994 -2.05% -2.51%
1995 -4.33% -2.54%
1996 -10% 0.87%
1997 -5.22% 1.5%
1998 -5.16% 1.47%
1999 -6.14% 3.21%
2000 -6.43% -1.97%
2001 -8.72% -3.79%
2002 -5.38% -4.37%
2003 -14.7% -3.74%
2004 -15.5% -3.31%
2005 -10.6% -5.46%
2006 -9.92% -1.8%
2007 -2.51% -0.12%
2008 -2.7% 0.63%
2009 -5.14% -1.63%
2010 -3.64% -3.93%
2011 -3.49% -6.08%
2012 -3.79% -6.63%
2013 -1.9% -4.7%
2014 -3.93% -4.78%
2015 -7.56% -4.59%
2016 -7.11% -4.49%
2017 -5.01% -3.3%
2018 -6.66% -3.52%
2019 -6.4% -3.88%
2020 -6.33% -7.15%
2021 -5.24% -5.92%
2022 -10.6% -5.38%
2023 -7.45% -4.46%
2024 -5.02% -4.06%
2025 -6.55% -3.89%

Inflation comparison by year

Over the past 29 years, Burundi has recorded an average annual inflation rate of 11.6%, compared with 1.86% in Morocco. In 2024, inflation was 20.2% in Burundi and 0.99% in Morocco.

Inflation
Burundi

Morocco
Year Inflation
Burundi Morocco Burundi Morocco
1996 26.4% 2.99%
1997 31.1% 1.04%
1998 12.5% 2.75%
1999 3.39% 0.68%
2000 24.4% 1.89%
2001 9.3% 0.62%
2002 -1.37% 2.8%
2003 10.6% 1.17%
2004 8.18% 1.49%
2005 13.3% 0.98%
2006 2.75% 3.28%
2007 8.41% 2.04%
2008 24.4% 3.71%
2009 10.6% 0.97%
2010 6.49% 0.99%
2011 9.59% 0.91%
2012 18.2% 1.29%
2013 7.94% 1.88%
2014 4.41% 0.44%
2015 5.54% 1.56%
2016 5.56% 1.64%
2017 16.1% 0.75%
2018 -2.81% 1.8%
2019 -0.69% 0.3%
2020 7.32% 0.71%
2021 8.4% 1.4%
2022 18.8% 6.66%
2023 26.9% 6.09%
2024 20.2% 0.99%

Top exports between countries

Burundi
Export category Export value
Raw materials & minerals $6K
Machinery & equipment $5K
Morocco
Export category Export value
Chemicals & pharma $424K
Machinery & equipment $335K
Processed food, beverages & tobacco $161K
Wood & paper products $23K
Textiles & consumer goods $9K
Miscellaneous $2K
Metals $1K

Balance of trade

Burundi Morocco
Current account balance
-$626M
2023
-$1.87B
2024
Current account balance ranking
107/189
2023
139/189
2024
Current account balance, % of GDP
-23.8%
2023
-1.21%
2024
Goods imports
$1.07B
2023
$66.5B
2024
Goods exports
$259M
2023
$39.3B
2024
Service imports
$365M
2023
$14.3B
2024
Service exports
$119M
2023
$28.2B
2024
Imports of goods and services, % of GDP
24.4%
2023
52.5%
2024
Exports of goods and services, % of GDP
5.29%
2023
43.3%
2024

Economic freedom indices

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

Burundi Morocco
Economic freedom 39.7 60.3
Economic freedom ranking 187/197 94/197
Property rights 28.6 58.6
Government integrity 14.2 36.9
Judicial effectiveness 7.4 32.7
Tax burden 76.1 71.4
Government spending 71.1 67.9
Fiscal health 12.2 46.2
Business freedom 31.9 68.9
Labor freedom 50 48.5
Monetary freedom 54.4 74.7
Trade freedom 50.8 67.2
Investment freedom 50 75
Financial freedom 30 75

Economic freedom by year comparison

The Economic Freedom Index for Burundi is 39.7, ranking 187/197, compared to 60.3 for Morocco, ranking 94/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Burundi
Morocco
Year Economic freedom index
Burundi Morocco
1995 - 62.8
1996 - 64.3
1997 45.4 64.7
1998 44.7 61.1
1999 41.1 63.8
2000 42.6 63.2
2001 - 63.9
2002 - 59
2003 - 57.8
2004 - 56.7
2005 - 52.2
2006 48.7 51.5
2007 46.9 56.4
2008 46.2 55.6
2009 48.8 57.7
2010 47.5 59.2
2011 49.6 59.6
2012 48.1 60.2
2013 49 59.6
2014 51.4 58.3
2015 53.7 60.1
2016 53.9 61.3
2017 53.2 61.5
2018 50.9 61.9
2019 48.9 62.9
2020 49 63.3
2021 49.9 63.3
2022 39.4 59.2
2023 41.9 58.4
2024 38.4 56.8
2025 39.7 60.3

More economic indicators

Burundi Morocco
Services, % of GDP
49%
2023
54.1%
2024
Industry, % of GDP
9.63%
2023
24.1%
2024
Agriculture, forestry, and fishing, % of GDP
25.3%
2023
10.1%
2024
GNI, Atlas method
$2.71B
2024
$145B
2024
GNI per capita, PPP
$950
2024
$10,150
2024
Total reserves including gold
$90.3M
2023
$37.1B
2024
Total reserves ranking
174/177
2023
52/177
2024
Net foreign direct investment
-$33M
2023
-$948M
2024
Net inflows of foreign direct investment
$31.7M
2024
$1.64B
2024
Net outflows of foreign direct investment
$8.55M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
1.68%
2023
4.07%
2023
Poverty at national poverty lines
51%
2020
3.9%
2022
Gross capital formation, % of GDP
13.1%
2023
29.9%
2024

GDP per capita map

GDP per capita

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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.