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Economy of Israel vs Morocco compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $161B for Morocco, ranking 29/197 and 58/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Israel vs Morocco GDP by year

Israel
Morocco
1x
Year GDP, current $
Israel Morocco
2024 $540,379,921,262 $160,610,994,055
2023 $512,184,638,999 $146,036,093,667
2022 $525,181,008,026 $131,245,312,804
2021 $489,851,549,972 $142,022,058,447
2020 $410,768,352,658 $121,353,645,057
2019 $400,645,216,359 $128,920,266,409
2018 $376,299,083,108 $127,341,147,582
2017 $358,451,839,053 $118,540,573,368
2016 $321,940,971,558 $111,572,947,005
2015 $303,469,434,072 $110,413,823,842
2014 $315,017,088,117 $119,130,841,412
2013 $298,478,070,673 $115,739,287,305
2012 $263,589,172,712 $106,937,392,311
2011 $268,094,998,225 $110,080,631,332
2010 $239,679,036,634 $100,865,329,473
2009 $213,403,181,853 $101,154,952,241
2008 $221,231,658,863 $101,822,906,949
2007 $184,681,214,673 $86,947,913,287
2006 $158,900,547,825 $75,883,823,301
2005 $147,519,922,009 $68,852,658,069
2004 $140,047,984,605 $66,114,145,451
2003 $131,408,914,824 $58,029,363,354
2002 $125,332,331,884 $47,077,192,188
2001 $135,002,039,613 $43,831,480,208
2000 $136,512,300,542 $43,017,455,402
1999 $121,417,185,062 $46,266,428,648
1998 $120,547,409,279 $46,497,608,725
1997 $119,459,826,347 $39,147,844,526
1996 $115,116,595,545 $43,161,571,528
1995 $105,497,418,059 $39,030,285,468
1994 $90,740,103,829 $35,604,137,423
1993 $79,855,877,174 $31,655,473,664
1992 $79,457,685,757 $33,711,069,431
1991 $70,998,755,007 $32,285,573,574
1990 $62,016,729,541 $30,179,954,775
1989 $52,443,479,454 $26,314,313,191
1988 $52,650,948,910 $25,705,296,184
1987 $43,049,543,635 $21,765,195,948
1986 $35,834,154,874 $19,462,085,540
1985 $28,905,736,367 $14,991,283,216
1984 $30,645,607,293 $14,824,667,954
1983 $32,675,755,462 $16,251,408,128
1982 $29,255,285,401 $17,692,276,734
1981 $26,882,009,819 $17,788,185,479
1980 $25,395,256,478 $21,728,516,153
1979 $22,609,741,060 $15,911,994,817
1978 $17,701,286,907 $13,236,946,234
1977 $18,257,113,904 $11,049,783,872
1976 $15,956,349,550 $9,584,297,284
1975 $16,141,767,373 $8,984,853,005
1974 $17,172,607,138 $7,675,466,449
1973 $11,902,574,259 $6,242,145,880
1972 $9,222,557,539 $5,074,117,545
1971 $7,052,544,000 $4,356,669,034
1970 $7,406,712,876 $3,956,336,244
1969 $6,297,852,761 $3,651,622,669
1968 $5,458,427,928 $3,271,422,333
1967 $4,762,386,783 $3,046,345,314
1966 $4,703,300,098 $2,876,401,297
1965 $4,329,084,429 $2,948,331,090
1964 $4,024,344,853 $2,798,345,299
1963 $3,535,949,089 $2,657,252,578
1962 $2,966,154,031 $2,379,611,125
1961 $3,708,586,471 $2,025,693,540
1960 $3,070,585,807 $2,037,154,742

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

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

GDP per capita in Israel vs Morocco by year

Israel
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $4,218 $10,415
2023 $52,004 $55,171 $3,872 $9,895
2022 $54,950 $53,619 $3,516 $9,310
2021 $52,271 $46,162 $3,843 $8,623
2020 $44,576 $40,955 $3,317 $7,705
2019 $44,251 $41,325 $3,560 $8,046
2018 $42,363 $40,190 $3,553 $7,801
2017 $41,138 $39,471 $3,344 $8,115
2016 $37,672 $38,189 $3,186 $7,853
2015 $36,213 $35,871 $3,190 $7,799
2014 $38,343 $34,816 $3,483 $7,237
2013 $37,034 $34,827 $3,425 $7,542
2012 $33,321 $32,484 $3,206 $7,308
2011 $34,523 $31,314 $3,345 $7,274
2010 $31,439 $29,456 $3,107 $6,849
2009 $28,508 $28,087 $3,158 $6,629
2008 $30,269 $28,084 $3,222 $6,437
2007 $25,721 $28,307 $2,788 $6,058
2006 $22,527 $26,385 $2,466 $5,781
2005 $21,287 $25,701 $2,268 $5,275
2004 $20,568 $26,078 $2,207 $5,025
2003 $19,643 $24,702 $1,962 $4,741
2002 $19,076 $26,101 $1,612 $4,436
2001 $20,966 $25,806 $1,521 $4,269
2000 $21,707 $25,766 $1,513 $3,930
1999 $19,823 $23,415 $1,651 $3,801
1998 $20,189 $22,927 $1,683 $3,740
1997 $20,469 $22,279 $1,439 $3,502
1996 $20,224 $21,672 $1,610 $3,551
1995 $19,026 $20,642 $1,478 $3,152
1994 $16,807 $19,478 $1,369 $3,315
1993 $15,179 $18,218 $1,236 $2,979
1992 $15,510 $17,553 $1,337 $2,979
1991 $14,346 $16,486 $1,302 $3,025
1990 $13,308 $15,721 $1,238 $2,777
1989 $11,608 - $1,099 -
1988 $11,853 - $1,094 -
1987 $9,853 - $944 -
1986 $8,335 - $861 -
1985 $6,829 - $678 -
1984 $7,369 - $687 -
1983 $7,960 - $772 -
1982 $7,258 - $862 -
1981 $6,795 - $890 -
1980 $6,549 - $1,117 -
1979 $5,972 - $839 -
1978 $4,797 - $716 -
1977 $5,053 - $613 -
1976 $4,516 - $545 -
1975 $4,672 - $524 -
1974 $5,085 - $459 -
1973 $3,631 - $382 -
1972 $2,930 - $319 -
1971 $2,298 - $280.6 -
1970 $2,490 - $261.5 -
1969 $2,189 - $247.8 -
1968 $1,947 - $228 -
1967 $1,735 - $218.1 -
1966 $1,789 - $211.5 -
1965 $1,689 - $222.7 -
1964 $1,626 - $216.9 -
1963 $1,486 - $211.3 -
1962 $1,294 - $194.2 -
1961 $1,697 - $169.8 -
1960 $1,452 - $175.2 -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Morocco ranks 132nd at $10,415.

Economic indicators

Israel Morocco
Gross domestic product
$540B
2024
$161B
2024
GDP rank
29/197
2024
58/197
2024
GDP growth
0.87%
2023-2024
3.79%
2023-2024
GDP per capita
$54,177
2024
$4,218
2024
GDP per capita rank
21/197
2024
127/197
2024
GDP per capita, PPP
$57,236
2024
$10,415
2024
GDP per capita PPP rank
36/197
2024
132/197
2024
Government debt
$366B
2024
$109B
2024
Debt-to-GDP ratio
67.6%
2024
67.7%
2024
Government debt per person
$36,645
2024
$2,857
2024
Government debt per person rank
18/185
2024
104/185
2024
Average annual personal income after taxes
$43,003
2026
$5,678
2026
Market capitalization of domestic companies
$331B
2024
$74.5B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
3
2025
Income share by richest 10%
26.6%
2021
31.9%
2013
Income share by poorest 10%
2%
2021
2.7%
2013
Government expenditure, % of GDP
43.8%
2024
33%
2024
Consumer prices inflation
3.07%
2023-2024
0.99%
2023-2024
Central bank interest rate
4.5%
2024
2.25%
2025
Unemployment rate
2.9%
2024
11.8%
2022
Population
10290887
38871720

Spending and national debt comparison by year

Israel
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Israel Morocco
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 33% 67.7%
2023 39.3% 61.3% 32% 68.7%
2022 36.9% 60.3% 33.7% 71.4%
2021 40% 67.7% 31% 69.4%
2020 44.8% 71.1% 34.1% 72.2%
2019 38.7% 59.3% 27.6% 60.3%
2018 39.2% 60.1% 27.8% 60.5%
2017 38.3% 59.8% 27.9% 60.3%
2016 37.9% 61.7% 28.6% 60.1%
2015 37.6% 62.8% 28.5% 58.4%
2014 38.3% 64.9% 30.7% 58.6%
2013 39.7% 66% 30.4% 57.1%
2012 39.6% 66.9% 32.5% 52.3%
2011 39.3% 67.2% 31.2% 48.6%
2010 39.7% 69% 28.7% 45.3%
2009 41.4% 72.6% 28.1% 42.6%
2008 41.2% 70.2% 28.3% 42%
2007 40.2% 70.8% 26.4% 47.1%
2006 41.6% 77.7% 26% 50.6%
2005 42.3% 85.2% 28.6% 54.8%
2004 43% 88.3% 24.5% 54.4%
2003 45.4% 89.7% 24.1% 56.9%
2002 50% 87.2% 25.8% 59.4%
2001 46.1% 81.1% 23.7% 60.4%
2000 43.4% 77.2% 22.8% 64.9%
1999 53.6% 94.8% 18.4% 63.4%
1998 55% 101% 18.7% 64.5%
1997 52.6% 99.3% 18.6% 68%
1996 53.2% 100.3% 17.6% 65.3%
1995 52.8% 102.3% 21.3% 72.2%
1994 41.7% 110.2% 21.7% 69.3%
1993 42.2% 118.3% 23.1% 74.7%
1992 44.1% 119.6% 22.3% 67%
1991 34.4% 123.7% 20.8% 59.1%
1990 46.8% 138.3% 22.6% 70.5%
1989 47.5% 147.4% - -
1988 46.5% 145.4% - -
1987 52.8% 143.2% - -
1986 55.7% 162.5% - -
1985 65.2% 199% - -
1984 - 284% - -
1983 - 260.5% - -
1982 69.7% - - -
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% - -
1978 62.2% 133.6% - -
1977 69.1% 142% - -
1976 66.3% 97.4% - -
1975 62% 85.1% - -
1974 - 79.8% - -
1973 - 62.1% - -
1972 - 63.9% - -
1971 - - - -
1970 41.6% - - -
1969 41.1% - - -
1968 39.4% - - -
1967 33.9% - - -
1966 29.6% - - -
1965 27.8% - - -
1964 28.2% - - -
1963 26.9% - - -
1962 27.7% - - -
1961 30.3% - - -
1960 30.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 67.7% in Morocco, ranking 62/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Morocco
1x
Year Deficit/surplus, % of GDP
Israel Morocco
2024 -8.26% -3.92%
2023 -5.06% -4.41%
2022 0.32% -5.37%
2021 -3.37% -5.92%
2020 -10.7% -7.15%
2019 -3.79% -3.8%
2018 -3.56% -3.52%
2017 -1.13% -3.3%
2016 -1.79% -4.49%
2015 -1.21% -4.59%
2014 -2.29% -4.78%
2013 -4.06% -4.7%
2012 -4.46% -6.63%
2011 -3.43% -6.08%
2010 -3.72% -3.93%
2009 -6.53% -1.63%
2008 -3.5% 0.63%
2007 -0.43% -0.12%
2006 -0.95% -1.8%
2005 -2.74% -5.46%
2004 -3.4% -3.31%
2003 -5.03% -3.74%
2002 -8.22% -4.37%
2001 -4.06% -3.79%
2000 -0.8% -1.97%
1999 -6.26% 3.21%
1998 -7.99% 1.47%
1997 -4.84% 1.5%
1996 -5.97% 0.87%
1995 -4.28% -2.54%
1994 -5.62% -2.51%
1993 -5.62% -2%
1992 -8% -1.84%
1991 -7.04% -0.9%
1990 -9.67% -1.32%
1989 -9.03% -
1988 -7.57% -
1987 -7.47% -
1986 -7.51% -
1985 -14.2% -
1984 - -
1983 - -
1982 -13.8% -
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Israel recorded a fiscal deficit in 34 of those years, while Morocco ran a deficit in 30 years. On average, Israel posted an annual deficit equal to 4.5% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Israel

Morocco
1x
Year Consumer prices inflation
Israel Morocco
2024 3.07% 0.99%
2023 4.23% 6.09%
2022 4.41% 6.66%
2021 1.48% 1.4%
2020 -0.58% 0.71%
2019 0.82% 0.3%
2018 0.81% 1.8%
2017 0.25% 0.75%
2016 -0.54% 1.64%
2015 -0.62% 1.56%
2014 0.47% 0.44%
2013 1.59% 1.88%
2012 1.68% 1.29%
2011 3.49% 0.91%
2010 2.7% 0.99%
2009 3.37% 0.97%
2008 4.53% 3.71%
2007 0.47% 2.04%
2006 2.05% 3.28%
2005 1.34% 0.98%
2004 -0.42% 1.49%
2003 0.71% 1.17%
2002 5.8% 2.8%
2001 1.12% 0.62%
2000 1.03% 1.89%
1999 5.19% 0.68%
1998 5.49% 2.75%
1997 8.95% 1.04%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 1.82% in Morocco. In 2024, inflation was 3.07% in Israel and 0.99% in Morocco.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $53.8M
Chemicals & pharma $18.5M
Raw materials & minerals $14.1M
Weapons & explosives $9.3M
Raw agricultural goods $9.06M
Textiles & consumer goods $1.36M
Metals $977K
Processed food, beverages & tobacco $447K
Wood & paper products $254K
Animal & marine products $23K
Morocco
Export category Export value
Processed food, beverages & tobacco $51M
Textiles & consumer goods $3.8M
Raw materials & minerals $2.52M
Wood & paper products $1.34M
Machinery & equipment $1.33M
Raw agricultural goods $335K
Animal & marine products $240K
Chemicals & pharma $220K
Metals $85K
Precious metals & jewellery $57K

Balance of trade

Israel Morocco
Current account balance
$15.5B
2024
-$1.87B
2024
Current account balance ranking
21/190
2024
141/190
2024
Current account balance, % of GDP
+2.86%
2024
-1.16%
2024
Goods imports
$96.3B
2024
$66.5B
2024
Goods exports
$70B
2024
$39.3B
2024
Service imports
$44.4B
2024
$14.3B
2024
Service exports
$83.7B
2024
$28.2B
2024
Imports of goods and services, % of GDP
26%
2024
50.2%
2024
Exports of goods and services, % of GDP
28.4%
2024
42%
2024

Economic freedom indices

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

Israel Morocco
Economic freedom 68.4 61.8
Economic freedom ranking 47/197 91/197
Property rights 73.1 55.2
Government integrity 66.2 35.6
Judicial effectiveness 68.1 32.5
Tax burden 60.2 65.5
Government spending 52 67.5
Fiscal health 60.8 57.5
Business freedom 72.4 72.1
Labor freedom 56.8 46.2
Monetary freedom 78.2 79.6
Trade freedom 82.8 69.8
Investment freedom 70 80
Financial freedom 80 80

Economic freedom comparison by year

Israel
Morocco
1x
Year Economic freedom index
Israel Morocco
2026 68.4 61.8
2025 69.9 60.3
2024 70.1 56.8
2023 68.9 58.4
2022 68 59.2
2021 73.8 63.3
2020 74 63.3
2019 72.8 62.9
2018 72.2 61.9
2017 69.7 61.5
2016 70.7 61.3
2015 70.5 60.1
2014 68.4 58.3
2013 66.9 59.6
2012 67.8 60.2
2011 68.5 59.6
2010 67.7 59.2
2009 67.6 57.7
2008 66.3 55.6
2007 64.8 56.4
2006 64.4 51.5
2005 62.6 52.2
2004 61.4 56.7
2003 62.7 57.8
2002 66.9 59
2001 66.1 63.9
2000 65.5 63.2
1999 68.3 63.8
1998 68 61.1
1997 62.7 64.7
1996 62 64.3
1995 61.5 62.8

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, 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

Israel Morocco
Services, % of GDP
72.5%
2024
52.7%
2024
Industry, % of GDP
17.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
10.6%
2024
GNI, Atlas method
$528B
2024
$149B
2024
GNI per capita, PPP
$56,790
2024
$10,260
2024
Total reserves including gold
$215B
2024
$37.1B
2024
Total reserves ranking
18/177
2024
52/177
2024
Net foreign direct investment
-$4.86B
2024
-$948M
2024
Net inflows of foreign direct investment
$14.8B
2024
$1.64B
2024
Net outflows of foreign direct investment
$9.92B
2024
$691M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines
22%
2020
3.9%
2022
Gross capital formation, % of GDP
23.4%
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/israel/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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.