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Economy of Jordan vs Morocco compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $161B for Morocco, ranking 90/197 and 58/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Jordan vs Morocco GDP by year

Jordan
Morocco
1x
Year GDP, current $
Jordan Morocco
2024 $53,352,289,577 $160,610,994,055
2023 $51,088,476,338 $146,036,093,667
2022 $48,764,963,380 $131,245,312,804
2021 $46,296,100,141 $142,022,058,447
2020 $43,700,383,099 $121,353,645,057
2019 $44,503,006,338 $128,920,266,409
2018 $43,370,860,704 $127,341,147,582
2017 $41,608,435,915 $118,540,573,368
2016 $39,892,551,127 $111,572,947,005
2015 $38,587,017,887 $110,413,823,842
2014 $36,847,643,521 $119,130,841,412
2013 $34,454,440,141 $115,739,287,305
2012 $31,634,561,690 $106,937,392,311
2011 $29,524,149,155 $110,080,631,332
2010 $27,133,804,225 $100,865,329,473
2009 $24,537,876,056 $101,154,952,241
2008 $22,658,715,989 $101,822,906,949
2007 $17,110,437,236 $86,947,913,287
2006 $15,056,981,664 $75,883,823,301
2005 $12,588,998,590 $68,852,658,069
2004 $11,411,706,629 $66,114,145,451
2003 $10,195,627,645 $58,029,363,354
2002 $9,582,510,578 $47,077,192,188
2001 $8,975,814,653 $43,831,480,208
2000 $8,460,789,845 $43,017,455,402
1999 $8,149,929,478 $46,266,428,648
1998 $7,912,270,804 $46,497,608,725
1997 $7,245,839,210 $39,147,844,526
1996 $6,927,503,526 $43,161,571,528
1995 $6,727,597,032 $39,030,285,468
1994 $6,236,295,978 $35,604,137,423
1993 $5,606,400,222 $31,655,473,664
1992 $5,310,833,194 $33,711,069,431
1991 $4,344,467,193 $32,285,573,574
1990 $4,160,087,508 $30,179,954,775
1989 $4,221,373,674 $26,314,313,191
1988 $6,277,451,829 $25,705,296,184
1987 $6,756,209,762 $21,765,195,948
1986 $6,402,050,485 $19,462,085,540
1985 $4,993,601,520 $14,991,283,216
1984 $4,967,162,160 $14,824,667,954
1983 $4,920,692,191 $16,251,408,128
1982 $4,681,240,993 $17,692,276,734
1981 $4,383,944,703 $17,788,185,479
1980 $3,910,044,474 $21,728,516,153
1979 $3,271,368,781 $15,911,994,817
1978 $2,602,208,589 $13,236,946,234
1977 $2,096,778,602 $11,049,783,872
1976 $1,708,521,219 $9,584,297,284
1975 $1,363,073,498 $8,984,853,005
1974 $1,197,483,949 $7,675,466,449
1973 $943,783,840 $6,242,145,880
1972 $788,479,685 $5,074,117,545
1971 $678,159,729 $4,356,669,034
1970 $639,519,744 $3,956,336,244
1969 $698,879,720 $3,651,622,669
1968 $561,119,776 $3,271,422,333
1967 $631,679,747 $3,046,345,314
1966 $657,999,737 $2,876,401,297
1965 $599,759,760 $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/jordan/morocco | CC BY

GDP per capita in Jordan vs Morocco by year

Jordan
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $4,218 $10,415
2023 $4,466 $10,412 $3,872 $9,895
2022 $4,332 $9,927 $3,516 $9,310
2021 $4,183 $9,182 $3,843 $8,623
2020 $4,022 $9,579 $3,317 $7,705
2019 $4,170 $9,429 $3,560 $8,046
2018 $4,145 $9,042 $3,553 $7,801
2017 $4,066 $9,266 $3,344 $8,115
2016 $3,987 $8,748 $3,186 $7,853
2015 $4,043 $8,967 $3,190 $7,799
2014 $4,191 $9,145 $3,483 $7,237
2013 $4,311 $9,817 $3,425 $7,542
2012 $4,170 $9,739 $3,206 $7,308
2011 $3,947 $9,632 $3,345 $7,274
2010 $3,718 $9,417 $3,107 $6,849
2009 $3,436 $9,291 $3,158 $6,629
2008 $3,242 $8,983 $3,222 $6,437
2007 $2,506 $8,416 $2,788 $6,058
2006 $2,343 $8,046 $2,466 $5,781
2005 $2,088 $7,697 $2,268 $5,275
2004 $1,940 $7,074 $2,207 $5,025
2003 $1,776 $6,500 $1,962 $4,741
2002 $1,706 $6,256 $1,612 $4,436
2001 $1,632 $5,948 $1,521 $4,269
2000 $1,571 $5,641 $1,513 $3,930
1999 $1,545 $5,402 $1,651 $3,801
1998 $1,532 $5,264 $1,683 $3,740
1997 $1,436 $5,171 $1,439 $3,502
1996 $1,410 $5,055 $1,610 $3,551
1995 $1,416 $5,027 $1,478 $3,152
1994 $1,367 $4,830 $1,369 $3,315
1993 $1,289 $4,726 $1,236 $2,979
1992 $1,287 $4,654 $1,337 $2,979
1991 $1,110 $4,195 $1,302 $3,025
1990 $1,149 $4,317 $1,238 $2,777
1989 $1,260 - $1,099 -
1988 $1,966 - $1,094 -
1987 $2,217 - $944 -
1986 $2,200 - $861 -
1985 $1,797 - $678 -
1984 $1,871 - $687 -
1983 $1,939 - $772 -
1982 $1,929 - $862 -
1981 $1,885 - $890 -
1980 $1,750 - $1,117 -
1979 $1,519 - $839 -
1978 $1,249 - $716 -
1977 $1,039 - $613 -
1976 $873 - $545 -
1975 $718 - $524 -
1974 $651 - $459 -
1973 $531 - $382 -
1972 $460 - $319 -
1971 $412 - $280.6 -
1970 $409 - $261.5 -
1969 $474 - $247.8 -
1968 $409 - $228 -
1967 $497 - $218.1 -
1966 $558 - $211.5 -
1965 $546 - $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/jordan/morocco | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Morocco ranks 132nd at $10,415.

Economic indicators

Jordan Morocco
Gross domestic product
$53.4B
2024
$161B
2024
GDP rank
90/197
2024
58/197
2024
GDP growth
2.49%
2023-2024
3.79%
2023-2024
GDP per capita
$4,618
2024
$4,218
2024
GDP per capita rank
123/197
2024
127/197
2024
GDP per capita, PPP
$10,821
2024
$10,415
2024
GDP per capita PPP rank
131/197
2024
132/197
2024
Government debt
$48.1B
2024
$109B
2024
Debt-to-GDP ratio
90.2%
2024
67.7%
2024
Government debt per person
$4,167
2024
$2,857
2024
Government debt per person rank
91/185
2024
104/185
2024
Average annual personal income after taxes
$4,787
2026
$5,678
2026
Market capitalization of domestic companies
$24.9B
2024
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
27.4%
2010
31.9%
2013
Income share by poorest 10%
3.5%
2010
2.7%
2013
Government expenditure, % of GDP
33%
2024
33%
2024
Consumer prices inflation
1.56%
2023-2024
0.99%
2023-2024
Central bank interest rate
5.75%
2025
2.25%
2025
Unemployment rate
16.6%
2023
11.8%
2022
Population
11555022
38871720

Spending and national debt comparison by year

Jordan
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Jordan Morocco
Government spending Government debt Government spending Government debt
2024 33% 90.2% 33% 67.7%
2023 32.9% 89% 32% 68.7%
2022 33.3% 88.6% 33.7% 71.4%
2021 34.1% 87.6% 31% 69.4%
2020 33.7% 104.5% 34.1% 72.2%
2019 32.4% 92.9% 27.6% 60.3%
2018 32% 87.4% 27.8% 60.5%
2017 29.6% 86.1% 27.9% 60.3%
2016 29.8% 85% 28.6% 60.1%
2015 31.7% 83.4% 28.5% 58.4%
2014 39.2% 78.6% 30.7% 58.6%
2013 36.4% 78.1% 30.4% 57.1%
2012 32.2% 73.8% 32.5% 52.3%
2011 27.4% 63.9% 31.2% 48.6%
2010 29.8% 59.5% 28.7% 45.3%
2009 35.9% 55.5% 28.1% 42.6%
2008 35.8% 53.2% 28.3% 42%
2007 37.7% 64.4% 26.4% 47.1%
2006 34.7% 65.6% 26% 50.6%
2005 37.3% 80.5% 28.6% 54.8%
2004 36.6% 86% 24.5% 54.4%
2003 36% 94.6% 24.1% 56.9%
2002 32.9% 91.3% 25.8% 59.4%
2001 32.1% 89.7% 23.7% 60.4%
2000 33.1% 85.6% 22.8% 64.9%
1999 32.7% 98.1% 18.4% 63.4%
1998 34.9% 99.8% 18.7% 64.5%
1997 33.9% 98.1% 18.6% 68%
1996 36.2% 104.9% 17.6% 65.3%
1995 35.5% 106.1% 21.3% 72.2%
1994 34.3% 116.2% 21.7% 69.3%
1993 36.4% 126.6% 23.1% 74.7%
1992 35.5% 139.6% 22.3% 67%
1991 44.9% 187% 20.8% 59.1%
1990 44% 204.8% 22.6% 70.5%
1989 42.5% 195.4% - -
1988 44.3% 129.3% - -
1987 42.1% 101.9% - -
1986 33.8% 84.3% - -
1985 42.4% 85.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 67.7% in Morocco, ranking 32/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Morocco
1x
Year Deficit/surplus, % of GDP
Jordan Morocco
2024 -7.33% -3.92%
2023 -6.89% -4.41%
2022 -6.8% -5.37%
2021 -8.45% -5.92%
2020 -10.1% -7.15%
2019 -7.19% -3.8%
2018 -5.78% -3.52%
2017 -3.61% -3.3%
2016 -3.71% -4.49%
2015 -7.1% -4.59%
2014 -15.5% -4.78%
2013 -16.1% -4.7%
2012 -13.8% -6.63%
2011 -5.61% -6.08%
2010 -5.43% -3.93%
2009 -8.66% -1.63%
2008 -5.38% 0.63%
2007 -5.45% -0.12%
2006 -3.82% -1.8%
2005 -5.36% -5.46%
2004 -1.09% -3.31%
2003 -2.52% -3.74%
2002 -4.44% -4.37%
2001 -2.77% -3.79%
2000 -3.99% -1.97%
1999 -2.69% 3.21%
1998 -5.4% 1.47%
1997 -2.97% 1.5%
1996 -3.25% 0.87%
1995 -1.72% -2.54%
1994 -2.3% -2.51%
1993 -2.14% -2%
1992 1.87% -1.84%
1991 -10.2% -0.9%
1990 -7.45% -1.32%
1989 -6.89% -
1988 -13% -
1987 -13.4% -
1986 -2.39% -
1985 -6.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Jordan recorded a fiscal deficit in 34 of those years, while Morocco ran a deficit in 30 years. On average, Jordan posted an annual deficit equal to 5.8% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Jordan

Morocco
1x
Year Consumer prices inflation
Jordan Morocco
2024 1.56% 0.99%
2023 2.08% 6.09%
2022 4.23% 6.66%
2021 1.35% 1.4%
2020 0.33% 0.71%
2019 0.76% 0.3%
2018 4.46% 1.8%
2017 3.32% 0.75%
2016 -0.78% 1.64%
2015 -0.88% 1.56%
2014 2.9% 0.44%
2013 4.82% 1.88%
2012 4.52% 1.29%
2011 4.16% 0.91%
2010 4.85% 0.99%
2009 -0.74% 0.97%
2008 14% 3.71%
2007 4.74% 2.04%
2006 6.25% 3.28%
2005 3.49% 0.98%
2004 3.36% 1.49%
2003 1.63% 1.17%
2002 1.83% 2.8%
2001 1.77% 0.62%
2000 0.67% 1.89%
1999 0.61% 0.68%
1998 3.09% 2.75%
1997 3.04% 1.04%

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

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

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 1.82% in Morocco. In 2024, inflation was 1.56% in Jordan and 0.99% in Morocco.

Top exports between countries

Jordan
Export category Export value
Raw materials & minerals $32.2M
Chemicals & pharma $9.72M
Textiles & consumer goods $6.48M
Raw agricultural goods $3.76M
Metals $2.3M
Processed food, beverages & tobacco $1.68M
Machinery & equipment $1.11M
Miscellaneous $143K
Wood & paper products $110K
Morocco
Export category Export value
Processed food, beverages & tobacco $21.3M
Chemicals & pharma $3.67M
Machinery & equipment $3.16M
Raw materials & minerals $702K
Raw agricultural goods $416K
Metals $308K
Animal & marine products $270K
Textiles & consumer goods $67K
Wood & paper products $4K

Balance of trade

Jordan Morocco
Current account balance
-$3.13B
2024
-$1.87B
2024
Current account balance ranking
158/190
2024
141/190
2024
Current account balance, % of GDP
-5.86%
2024
-1.16%
2024
Goods imports
$23.9B
2024
$66.5B
2024
Goods exports
$13.3B
2024
$39.3B
2024
Service imports
$6.5B
2024
$14.3B
2024
Service exports
$9.45B
2024
$28.2B
2024
Imports of goods and services, % of GDP
57.1%
2024
50.2%
2024
Exports of goods and services, % of GDP
42.6%
2024
42%
2024

Economic freedom indices

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

Jordan Morocco
Economic freedom 59.3 61.8
Economic freedom ranking 104/197 91/197
Property rights 52.3 55.2
Government integrity 51 35.6
Judicial effectiveness 44 32.5
Tax burden 84.1 65.5
Government spending 67.2 67.5
Fiscal health 5.2 57.5
Business freedom 62.7 72.1
Labor freedom 51.3 46.2
Monetary freedom 81.2 79.6
Trade freedom 82 69.8
Investment freedom 70 80
Financial freedom 60 80

Economic freedom comparison by year

Jordan
Morocco
1x
Year Economic freedom index
Jordan Morocco
2026 59.3 61.8
2025 59.4 60.3
2024 58.3 56.8
2023 58.8 58.4
2022 60.1 59.2
2021 64.6 63.3
2020 66 63.3
2019 66.5 62.9
2018 64.9 61.9
2017 66.7 61.5
2016 68.3 61.3
2015 69.3 60.1
2014 69.2 58.3
2013 70.4 59.6
2012 69.9 60.2
2011 68.9 59.6
2010 66.1 59.2
2009 65.4 57.7
2008 64.1 55.6
2007 64.5 56.4
2006 63.7 51.5
2005 66.7 52.2
2004 66.1 56.7
2003 65.3 57.8
2002 66.2 59
2001 68.3 63.9
2000 67.5 63.2
1999 67.4 63.8
1998 66.8 61.1
1997 63.6 64.7
1996 60.8 64.3
1995 62.7 62.8

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

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

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, 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

Jordan Morocco
Services, % of GDP
60.4%
2024
52.7%
2024
Industry, % of GDP
25.1%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
10.6%
2024
GNI, Atlas method
$51.2B
2024
$149B
2024
GNI per capita, PPP
$10,570
2024
$10,260
2024
Total reserves including gold
$21.9B
2024
$37.1B
2024
Total reserves ranking
60/177
2024
52/177
2024
Net foreign direct investment
-$1.58B
2024
-$948M
2024
Net inflows of foreign direct investment
$1.63B
2024
$1.64B
2024
Net outflows of foreign direct investment
$54.1M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
5.63%
2024
Poverty at national poverty lines
14.2%
2020
3.9%
2022
Gross capital formation, % of GDP
25.2%
2021
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/jordan/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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2023, 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.