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Economy of Gambia vs Morocco compared: GDP & Debt

Updated on by Georank team

The Gambia has a GDP of $2.4B compared to $161B for Morocco, ranking 174/197 and 58/197 by economy size, respectively.

The Gambia has $1.92B in government debt (80% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Gambia vs Morocco GDP by year

Gambia
Morocco
1x
Year GDP, current $
Gambia Morocco
2024 $2,404,888,749 $160,610,994,055
2023 $2,382,262,185 $146,036,093,667
2022 $2,204,734,528 $131,245,312,804
2021 $2,014,158,842 $142,022,058,447
2020 $1,812,170,891 $121,353,645,057
2019 $1,813,609,692 $128,920,266,409
2018 $1,670,671,328 $127,341,147,582
2017 $1,504,909,463 $118,540,573,368
2016 $1,484,578,886 $111,572,947,005
2015 $1,378,176,609 $110,413,823,842
2014 $1,229,461,721 $119,130,841,412
2013 $1,375,609,453 $115,739,287,305
2012 $1,415,004,738 $106,937,392,311
2011 $1,409,693,597 $110,080,631,332
2010 $1,543,294,927 $100,865,329,473
2009 $1,450,142,509 $101,154,952,241
2008 $1,561,766,956 $101,822,906,949
2007 $1,279,703,047 $86,947,913,287
2006 $1,054,112,488 $75,883,823,301
2005 $1,027,701,068 $68,852,658,069
2004 $961,900,651 $66,114,145,451
2003 $487,038,685 $58,029,363,354
2002 $578,235,309 $47,077,192,188
2001 $687,410,645 $43,831,480,208
2000 $782,913,872 $43,017,455,402
1999 $814,724,032 $46,266,428,648
1998 $840,285,265 $46,497,608,725
1997 $803,633,342 $39,147,844,526
1996 $848,239,446 $43,161,571,528
1995 $785,999,865 $39,030,285,468
1994 $746,493,952 $35,604,137,423
1993 $755,040,974 $31,655,473,664
1992 $714,254,256 $33,711,069,431
1991 $690,311,081 $32,285,573,574
1990 $317,083,695 $30,179,954,775
1989 $284,120,329 $26,314,313,191
1988 $266,672,212 $25,705,296,184
1987 $220,626,484 $21,765,195,948
1986 $185,646,987 $19,462,085,540
1985 $225,726,359 $14,991,283,216
1984 $177,340,880 $14,824,667,954
1983 $213,448,585 $16,251,408,128
1982 $216,050,552 $17,692,276,734
1981 $218,767,743 $17,788,185,479
1980 $241,083,090 $21,728,516,153
1979 $207,112,628 $15,911,994,817
1978 $171,833,086 $13,236,946,234
1977 $138,093,099 $11,049,783,872
1976 $112,190,829 $9,584,297,284
1975 $115,179,719 $8,984,853,005
1974 $95,796,022 $7,675,466,449
1973 $75,187,749 $6,242,145,880
1972 $59,160,569 $5,074,117,545
1971 $55,728,663 $4,356,669,034
1970 $52,296,084 $3,956,336,244
1969 $45,168,072 $3,651,622,669
1968 $41,160,066 $3,271,422,333
1967 $46,695,007 $3,046,345,314
1966 $44,212,081 $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/gambia/morocco | CC BY

GDP per capita in Gambia vs Morocco by year

Gambia
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $871 $3,476 $4,218 $10,415
2023 $883 $3,289 $3,872 $9,895
2022 $836 $3,067 $3,516 $9,310
2021 $782 $2,778 $3,843 $8,623
2020 $720 $2,531 $3,317 $7,705
2019 $738 $2,422 $3,560 $8,046
2018 $696 $2,277 $3,553 $7,801
2017 $643 $2,039 $3,344 $8,115
2016 $650 $2,013 $3,186 $7,853
2015 $620 $1,990 $3,190 $7,799
2014 $568 $1,934 $3,483 $7,237
2013 $654 $2,007 $3,425 $7,542
2012 $693 $2,065 $3,206 $7,308
2011 $711 $2,064 $3,345 $7,274
2010 $801 $2,267 $3,107 $6,849
2009 $775 $2,177 $3,158 $6,629
2008 $859 $2,088 $3,222 $6,437
2007 $725 $1,985 $2,788 $6,058
2006 $615 $1,931 $2,466 $5,781
2005 $616 $1,938 $2,268 $5,275
2004 $593 $1,979 $2,207 $5,025
2003 $309 $1,850 $1,962 $4,741
2002 $377 $1,744 $1,612 $4,436
2001 $460 $1,823 $1,521 $4,269
2000 $538 $1,731 $1,513 $3,930
1999 $575 $1,649 $1,651 $3,801
1998 $610 $1,572 $1,683 $3,740
1997 $600 $1,544 $1,439 $3,502
1996 $652 $1,489 $1,610 $3,551
1995 $622 $1,472 $1,478 $3,152
1994 $608 $1,473 $1,369 $3,315
1993 $635 $1,487 $1,236 $2,979
1992 $623 $1,462 $1,337 $2,979
1991 $628 $1,440 $1,302 $3,025
1990 $301 $1,409 $1,238 $2,777
1989 $280.9 - $1,099 -
1988 $274.9 - $1,094 -
1987 $237 - $944 -
1986 $207.7 - $861 -
1985 $262.8 - $678 -
1984 $214.8 - $687 -
1983 $268.6 - $772 -
1982 $282.1 - $862 -
1981 $296 - $890 -
1980 $338 - $1,117 -
1979 $300 - $839 -
1978 $257.6 - $716 -
1977 $213.8 - $613 -
1976 $179.3 - $545 -
1975 $189.8 - $524 -
1974 $162.6 - $459 -
1973 $131.4 - $382 -
1972 $106.5 - $319 -
1971 $103.3 - $280.6 -
1970 $99.8 - $261.5 -
1969 $88.7 - $247.8 -
1968 $83.1 - $228 -
1967 $97 - $218.1 -
1966 $94.4 - $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/gambia/morocco | CC BY

The Gambia's GDP per capita is $871, ranking 183/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Morocco ranks 132nd at $10,415.

Economic indicators

Gambia Morocco
Gross domestic product
$2.4B
2024
$161B
2024
GDP rank
174/197
2024
58/197
2024
GDP growth
5.55%
2023-2024
3.79%
2023-2024
GDP per capita
$871
2024
$4,218
2024
GDP per capita rank
183/197
2024
127/197
2024
GDP per capita, PPP
$3,476
2024
$10,415
2024
GDP per capita PPP rank
172/197
2024
132/197
2024
Government debt
$1.92B
2024
$109B
2024
Debt-to-GDP ratio
80%
2024
67.7%
2024
Government debt per person
$697
2024
$2,857
2024
Government debt per person rank
155/185
2024
104/185
2024
Average annual personal income after taxes
$741
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%
30.5%
2020
31.9%
2013
Income share by poorest 10%
2.6%
2020
2.7%
2013
Government expenditure, % of GDP
25.8%
2024
33%
2024
Consumer prices inflation
11.6%
2023-2024
0.99%
2023-2024
Central bank interest rate
17%
2023
2.25%
2025
Unemployment rate
6.48%
2023
11.8%
2022
Population
2902554
38871720

Spending and national debt comparison by year

Gambia
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Gambia Morocco
Government spending Government debt Government spending Government debt
2024 25.8% 80% 33% 67.7%
2023 24.9% 80.2% 32% 68.7%
2022 24.6% 83.9% 33.7% 71.4%
2021 21.5% 83.1% 31% 69.4%
2020 25.3% 85.9% 34.1% 72.2%
2019 23.9% 83% 27.6% 60.3%
2018 19% 83.6% 27.8% 60.5%
2017 23.6% 87% 27.9% 60.3%
2016 19.4% 80.7% 28.6% 60.1%
2015 19.6% 69.4% 28.5% 58.4%
2014 19% 71.1% 30.7% 58.6%
2013 17.2% 58.2% 30.4% 57.1%
2012 19.1% 49.5% 32.5% 52.3%
2011 16.5% 49.2% 31.2% 48.6%
2010 14.6% 42.9% 28.7% 45.3%
2009 14.4% 38.9% 28.1% 42.6%
2008 11.6% 39.5% 28.3% 42%
2007 11.2% 38% 26.4% 47.1%
2006 14% 87.3% 26% 50.6%
2005 12.9% 82.6% 28.6% 54.8%
2004 12.4% 81.3% 24.5% 54.4%
2003 9.3% 91.7% 24.1% 56.9%
2002 8.59% 93.9% 25.8% 59.4%
2001 9.68% 75.2% 23.7% 60.4%
2000 9.54% 73.3% 22.8% 64.9%
1999 - - 18.4% 63.4%
1998 - - 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/gambia/morocco | CC BY

In 2024, the Gambia's government spending was $621M, accounting for 25.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 80% in the Gambia and 67.7% in Morocco, ranking 45/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Morocco
1x
Year Deficit/surplus, % of GDP
Gambia Morocco
2024 -4.08% -3.92%
2023 -3.69% -4.41%
2022 -5.72% -5.37%
2021 -4.77% -5.92%
2020 -2.37% -7.15%
2019 -2.75% -3.8%
2018 -3.92% -3.52%
2017 -4.35% -3.3%
2016 -6.22% -4.49%
2015 -5.38% -4.59%
2014 -3.94% -4.78%
2013 -5.11% -4.7%
2012 -2.85% -6.63%
2011 -3.03% -6.08%
2010 -2.93% -3.93%
2009 -1.65% -1.63%
2008 -0.45% 0.63%
2007 0.27% -0.12%
2006 -3.19% -1.8%
2005 -3.33% -5.46%
2004 -1.77% -3.31%
2003 -1.73% -3.74%
2002 0.06% -4.37%
2001 -2.52% -3.79%
2000 -0.09% -1.97%
1999 - 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/gambia/morocco | CC BY

In 2024, the Gambia's government deficit, the difference between spending and revenue, was $98.2M, equivalent to 4.08% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Morocco ran a deficit in 24 years. On average, the Gambia posted an annual deficit equal to 3.02% of GDP, compared to deficit of 3.93% of GDP for Morocco.

Inflation comparison by year

Inflation
Gambia

Morocco
1x
Year Consumer prices inflation
Gambia Morocco
2024 11.6% 0.99%
2023 17% 6.09%
2022 11.5% 6.66%
2021 7.37% 1.4%
2020 5.93% 0.71%
2019 7.12% 0.3%
2018 6.52% 1.8%
2017 8.03% 0.75%
2016 7.23% 1.64%
2015 6.81% 1.56%
2014 5.95% 0.44%
2013 5.7% 1.88%
2012 4.25% 1.29%
2011 4.8% 0.91%
2010 5.05% 0.99%
2009 4.56% 0.97%
2008 4.44% 3.71%
2007 5.37% 2.04%
2006 2.06% 3.28%
2005 4.84% 0.98%
2004 14.2% 1.49%
2003 17% 1.17%
2002 8.61% 2.8%
2001 4.49% 0.62%
2000 0.84% 1.89%
1999 3.81% 0.68%
1998 1.11% 2.75%
1997 2.78% 1.04%

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

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 1.82% in Morocco. In 2024, inflation was 11.6% in the Gambia and 0.99% in Morocco.

Top exports between countries

Gambia
Export category Export value
Animal & marine products $6K
Morocco
Export category Export value
Processed food, beverages & tobacco $6.36M
Raw materials & minerals $4.69M
Animal & marine products $1.31M
Machinery & equipment $1.17M
Wood & paper products $488K
Metals $395K
Raw agricultural goods $385K
Textiles & consumer goods $245K
Chemicals & pharma $167K
Precious metals & jewellery $1K

Balance of trade

Gambia Morocco
Current account balance
-$99.8M
2024
-$1.87B
2024
Current account balance ranking
88/190
2024
141/190
2024
Current account balance, % of GDP
-4.15%
2024
-1.16%
2024
Goods imports
$1.39B
2024
$66.5B
2024
Goods exports
$363M
2024
$39.3B
2024
Service imports
$161M
2024
$14.3B
2024
Service exports
$485M
2024
$28.2B
2024
Imports of goods and services, % of GDP
33.4%
2024
50.2%
2024
Exports of goods and services, % of GDP
8.75%
2024
42%
2024

Economic freedom indices

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

Gambia Morocco
Economic freedom 56.3 61.8
Economic freedom ranking 123/197 91/197
Property rights 55.4 55.2
Government integrity 40.5 35.6
Judicial effectiveness 45.8 32.5
Tax burden 79.2 65.5
Government spending 81.1 67.5
Fiscal health 54.8 57.5
Business freedom 50.1 72.1
Labor freedom 46.4 46.2
Monetary freedom 57.3 79.6
Trade freedom 64.8 69.8
Investment freedom 50 80
Financial freedom 50 80

Economic freedom comparison by year

Gambia
Morocco
1x
Year Economic freedom index
Gambia Morocco
2026 56.3 61.8
2025 56.8 60.3
2024 58.2 56.8
2023 57.9 58.4
2022 58 59.2
2021 58.8 63.3
2020 56.3 63.3
2019 52.4 62.9
2018 52.3 61.9
2017 53.4 61.5
2016 57.1 61.3
2015 57.5 60.1
2014 59.5 58.3
2013 58.8 59.6
2012 58.8 60.2
2011 57.4 59.6
2010 55.1 59.2
2009 55.8 57.7
2008 56.9 55.6
2007 57.7 56.4
2006 57.3 51.5
2005 56.5 52.2
2004 55.3 56.7
2003 56.3 57.8
2002 57.7 59
2001 56.6 63.9
2000 52.7 63.2
1999 52.1 63.8
1998 53.4 61.1
1997 52.9 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/gambia/morocco | CC BY

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, 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

Gambia Morocco
Services, % of GDP
56.8%
2024
52.7%
2024
Industry, % of GDP
15.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.4%
2024
10.6%
2024
GNI, Atlas method
$2.43B
2024
$149B
2024
GNI per capita, PPP
$3,430
2024
$10,260
2024
Total reserves including gold
$629M
2024
$37.1B
2024
Total reserves ranking
151/177
2024
52/177
2024
Net foreign direct investment
-$232M
2024
-$948M
2024
Net inflows of foreign direct investment
$232M
2024
$1.64B
2024
Net outflows of foreign direct investment
-$665K
2024
$691M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
5.63%
2024
Poverty at national poverty lines
53.4%
2020
3.9%
2022
Gross capital formation, % of GDP
29.9%
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/gambia/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.