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Economy of Malaysia vs Morocco compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $161B for Morocco, ranking 38/197 and 58/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Malaysia vs Morocco GDP by year

Malaysia
Morocco
1x
Year GDP, current $
Malaysia Morocco
2024 $422,227,005,429 $160,610,994,055
2023 $399,949,418,753 $146,036,093,667
2022 $407,830,525,990 $131,245,312,804
2021 $373,784,553,030 $142,022,058,447
2020 $337,456,163,961 $121,353,645,057
2019 $365,177,721,022 $128,920,266,409
2018 $358,788,845,713 $127,341,147,582
2017 $319,109,094,160 $118,540,573,368
2016 $301,256,033,870 $111,572,947,005
2015 $301,355,266,965 $110,413,823,842
2014 $338,066,095,097 $119,130,841,412
2013 $323,276,235,524 $115,739,287,305
2012 $314,443,047,642 $106,937,392,311
2011 $297,951,668,675 $110,080,631,332
2010 $255,017,638,456 $100,865,329,473
2009 $202,257,453,037 $101,154,952,241
2008 $230,811,614,370 $101,822,906,949
2007 $193,549,569,478 $86,947,913,287
2006 $162,692,258,307 $75,883,823,301
2005 $143,534,405,819 $68,852,658,069
2004 $124,749,473,684 $66,114,145,451
2003 $110,202,368,421 $58,029,363,354
2002 $100,845,526,316 $47,077,192,188
2001 $92,783,947,368 $43,831,480,208
2000 $93,789,736,842 $43,017,455,402
1999 $79,148,421,053 $46,266,428,648
1998 $72,167,498,981 $46,497,608,725
1997 $100,005,323,302 $39,147,844,526
1996 $100,855,393,910 $43,161,571,528
1995 $88,705,342,903 $39,030,285,468
1994 $74,478,356,958 $35,604,137,423
1993 $66,894,966,969 $31,655,473,664
1992 $59,167,550,163 $33,711,069,431
1991 $49,143,148,094 $32,285,573,574
1990 $44,024,585,240 $30,179,954,775
1989 $38,847,965,293 $26,314,313,191
1988 $35,272,109,220 $25,705,296,184
1987 $32,181,210,158 $21,765,195,948
1986 $27,734,111,400 $19,462,085,540
1985 $31,199,633,353 $14,991,283,216
1984 $33,942,897,422 $14,824,667,954
1983 $30,347,442,111 $16,251,408,128
1982 $26,804,493,635 $17,692,276,734
1981 $25,004,285,792 $17,788,185,479
1980 $24,488,224,677 $21,728,516,153
1979 $21,213,264,962 $15,911,994,817
1978 $16,358,079,862 $13,236,946,234
1977 $13,139,488,633 $11,049,783,872
1976 $11,050,234,599 $9,584,297,284
1975 $9,298,800,799 $8,984,853,005
1974 $9,496,204,302 $7,675,466,449
1973 $7,662,902,678 $6,242,145,880
1972 $5,043,347,250 $5,074,117,545
1971 $4,244,395,956 $4,356,669,034
1970 $3,864,145,667 $3,956,336,244
1969 $3,664,552,041 $3,651,622,669
1968 $3,330,371,551 $3,271,422,333
1967 $3,188,924,677 $3,046,345,314
1966 $3,143,517,944 $2,876,401,297
1965 $2,956,337,669 $2,948,331,090
1964 $2,674,423,922 $2,798,345,299
1963 $2,510,110,348 $2,657,252,578
1962 $2,001,489,602 $2,379,611,125
1961 $1,901,856,123 $2,025,693,540
1960 $1,916,229,477 $2,037,154,742

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

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

GDP per capita in Malaysia vs Morocco by year

Malaysia
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $4,218 $10,415
2023 $11,386 $36,467 $3,872 $9,895
2022 $11,755 $34,420 $3,516 $9,310
2021 $10,903 $29,823 $3,843 $8,623
2020 $9,958 $27,475 $3,317 $7,705
2019 $10,920 $28,934 $3,560 $8,046
2018 $10,902 $27,794 $3,553 $7,801
2017 $9,863 $26,416 $3,344 $8,115
2016 $9,477 $25,286 $3,186 $7,853
2015 $9,649 $24,526 $3,190 $7,799
2014 $11,013 $24,307 $3,483 $7,237
2013 $10,714 $23,161 $3,425 $7,542
2012 $10,601 $22,639 $3,206 $7,308
2011 $10,217 $21,324 $3,345 $7,274
2010 $8,899 $20,193 $3,107 $6,849
2009 $7,191 $18,923 $3,158 $6,629
2008 $8,372 $19,480 $3,222 $6,437
2007 $7,169 $18,617 $2,788 $6,058
2006 $6,158 $17,426 $2,466 $5,781
2005 $5,556 $16,371 $2,268 $5,275
2004 $4,939 $15,416 $2,207 $5,025
2003 $4,465 $14,387 $1,962 $4,741
2002 $4,184 $13,656 $1,612 $4,436
2001 $3,944 $13,072 $1,521 $4,269
2000 $4,084 $13,027 $1,513 $3,930
1999 $3,528 $11,980 $1,651 $3,801
1998 $3,294 $11,398 $1,683 $3,740
1997 $4,679 $12,469 $1,439 $3,502
1996 $4,837 $11,709 $1,610 $3,551
1995 $4,363 $10,720 $1,478 $3,152
1994 $3,758 $9,806 $1,369 $3,315
1993 $3,462 $9,018 $1,236 $2,979
1992 $3,141 $8,224 $1,337 $2,979
1991 $2,679 $7,583 $1,302 $3,025
1990 $2,469 $6,887 $1,238 $2,777
1989 $2,244 - $1,099 -
1988 $2,100 - $1,094 -
1987 $1,977 - $944 -
1986 $1,760 - $861 -
1985 $2,046 - $678 -
1984 $2,300 - $687 -
1983 $2,124 - $772 -
1982 $1,938 - $862 -
1981 $1,866 - $890 -
1980 $1,886 - $1,117 -
1979 $1,680 - $839 -
1978 $1,327 - $716 -
1977 $1,092 - $613 -
1976 $940 - $545 -
1975 $811 - $524 -
1974 $848 - $459 -
1973 $701 - $382 -
1972 $472 - $319 -
1971 $407 - $280.6 -
1970 $380 - $261.5 -
1969 $368 - $247.8 -
1968 $342 - $228 -
1967 $335 - $218.1 -
1966 $339 - $211.5 -
1965 $326 - $222.7 -
1964 $303 - $216.9 -
1963 $291.8 - $211.3 -
1962 $238.8 - $194.2 -
1961 $232.9 - $169.8 -
1960 $240.8 - $175.2 -

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

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

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Morocco ranks 132nd at $10,415.

Economic indicators

Malaysia Morocco
Gross domestic product
$422B
2024
$161B
2024
GDP rank
38/197
2024
58/197
2024
GDP growth
5.11%
2023-2024
3.79%
2023-2024
GDP per capita
$11,874
2024
$4,218
2024
GDP per capita rank
79/197
2024
127/197
2024
GDP per capita, PPP
$38,779
2024
$10,415
2024
GDP per capita PPP rank
60/197
2024
132/197
2024
Government debt
$296B
2024
$109B
2024
Debt-to-GDP ratio
70.1%
2024
67.7%
2024
Government debt per person
$8,322
2024
$2,857
2024
Government debt per person rank
62/185
2024
104/185
2024
Average annual personal income after taxes
$11,005
2026
$5,678
2026
Market capitalization of domestic companies
$449B
2024
$74.5B
2024
Number of billionaires
19
2025
3
2025
Income share by richest 10%
30.9%
2021
31.9%
2013
Income share by poorest 10%
2.3%
2021
2.7%
2013
Government expenditure, % of GDP
23.9%
2024
33%
2024
Consumer prices inflation
1.83%
2023-2024
0.99%
2023-2024
Central bank interest rate
2.75%
2025
2.25%
2025
Unemployment rate
3.93%
2022
11.8%
2022
Population
36512221
38871720

Spending and national debt comparison by year

Malaysia
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Malaysia Morocco
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 33% 67.7%
2023 24.9% 69.7% 32% 68.7%
2022 24.6% 65.5% 33.7% 71.4%
2021 24.5% 69.2% 31% 69.4%
2020 25% 67.7% 34.1% 72.2%
2019 23.6% 57.1% 27.6% 60.3%
2018 22.8% 55.6% 27.8% 60.5%
2017 22% 54.4% 27.9% 60.3%
2016 22.9% 55.8% 28.6% 60.1%
2015 24.7% 57% 28.5% 58.4%
2014 26% 55.4% 30.7% 58.6%
2013 27.8% 55.7% 30.4% 57.1%
2012 28.5% 53.8% 32.5% 52.3%
2011 27.1% 51.9% 31.2% 48.6%
2010 26.6% 51.2% 28.7% 45.3%
2009 30.9% 50.4% 28.1% 42.6%
2008 26.9% 39.4% 28.3% 42%
2007 25.9% 39.3% 26.4% 47.1%
2006 25.6% 39.7% 26% 50.6%
2005 24.5% 40.8% 28.6% 54.8%
2004 25.9% 42% 24.5% 54.4%
2003 28.1% 41.4% 24.1% 56.9%
2002 27.1% 39.5% 25.8% 59.4%
2001 28.2% 38.1% 23.7% 60.4%
2000 25.6% 32.5% 22.8% 64.9%
1999 24.6% 34.4% 18.4% 63.4%
1998 23.1% 33.6% 18.7% 64.5%
1997 21.2% 29.6% 18.6% 68%
1996 22.4% 32.8% 17.6% 65.3%
1995 22.6% 38.2% 21.3% 72.2%
1994 23.3% 43.7% 21.7% 69.3%
1993 24.6% 51.1% 23.1% 74.7%
1992 28.2% 59.1% 22.3% 67%
1991 27.4% 67.3% 20.8% 59.1%
1990 30.5% 74.1% 22.6% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 67.7% in Morocco, ranking 58/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Morocco
1x
Year Deficit/surplus, % of GDP
Malaysia Morocco
2024 -3.95% -3.92%
2023 -3.97% -4.41%
2022 -4.56% -5.37%
2021 -6.03% -5.92%
2020 -4.9% -7.15%
2019 -2.01% -3.8%
2018 -2.64% -3.52%
2017 -2.41% -3.3%
2016 -2.6% -4.49%
2015 -2.55% -4.59%
2014 -2.63% -4.78%
2013 -3.48% -4.7%
2012 -3.1% -6.63%
2011 -3.57% -6.08%
2010 -4.32% -3.93%
2009 -5.88% -1.63%
2008 -3.4% 0.63%
2007 -2.57% -0.12%
2006 -2.6% -1.8%
2005 -2.83% -5.46%
2004 -3.35% -3.31%
2003 -4.6% -3.74%
2002 -3.96% -4.37%
2001 -4.36% -3.79%
2000 -6.05% -1.97%
1999 -3% 3.21%
1998 -0.63% 1.47%
1997 4.84% 1.5%
1996 3.27% 0.87%
1995 3.1% -2.54%
1994 5.45% -2.51%
1993 3.44% -2%
1992 1.81% -1.84%
1991 1.6% -0.9%
1990 0.15% -1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.95% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Malaysia recorded a fiscal deficit in 27 of those years, while Morocco ran a deficit in 30 years. On average, Malaysia posted an annual deficit equal to 2.07% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Malaysia

Morocco
1x
Year Consumer prices inflation
Malaysia Morocco
2024 1.83% 0.99%
2023 2.49% 6.09%
2022 3.38% 6.66%
2021 2.48% 1.4%
2020 -1.14% 0.71%
2019 0.66% 0.3%
2018 0.88% 1.8%
2017 3.87% 0.75%
2016 2.09% 1.64%
2015 2.1% 1.56%
2014 3.14% 0.44%
2013 2.11% 1.88%
2012 1.66% 1.29%
2011 3.17% 0.91%
2010 1.62% 0.99%
2009 0.58% 0.97%
2008 5.44% 3.71%
2007 2.03% 2.04%
2006 3.61% 3.28%
2005 2.98% 0.98%
2004 1.42% 1.49%
2003 1.09% 1.17%
2002 1.81% 2.8%
2001 1.42% 0.62%
2000 1.53% 1.89%
1999 2.74% 0.68%
1998 5.27% 2.75%
1997 2.66% 1.04%

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

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

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 1.82% in Morocco. In 2024, inflation was 1.83% in Malaysia and 0.99% in Morocco.

Top exports between countries

Malaysia
Export category Export value
Machinery & equipment $42.2M
Processed food, beverages & tobacco $25.6M
Chemicals & pharma $19.8M
Raw materials & minerals $7.29M
Metals $6.13M
Textiles & consumer goods $3.39M
Miscellaneous $182K
Raw agricultural goods $173K
Wood & paper products $148K
Animal & marine products $72K
Morocco
Export category Export value
Metals $8.5M
Processed food, beverages & tobacco $6.98M
Machinery & equipment $3.31M
Raw materials & minerals $3M
Raw agricultural goods $2.06M
Animal & marine products $1.33M
Chemicals & pharma $724K
Textiles & consumer goods $289K
Wood & paper products $5K
Precious metals & jewellery $1K

Balance of trade

Malaysia Morocco
Current account balance
$7.15B
2024
-$1.87B
2024
Current account balance ranking
26/190
2024
141/190
2024
Current account balance, % of GDP
+1.69%
2024
-1.16%
2024
Goods imports
$223B
2024
$66.5B
2024
Goods exports
$248B
2024
$39.3B
2024
Service imports
$56.4B
2024
$14.3B
2024
Service exports
$53.4B
2024
$28.2B
2024
Imports of goods and services, % of GDP
66%
2024
50.2%
2024
Exports of goods and services, % of GDP
71.3%
2024
42%
2024

Economic freedom indices

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

Malaysia Morocco
Economic freedom 68 61.8
Economic freedom ranking 51/197 91/197
Property rights 62.7 55.2
Government integrity 52.9 35.6
Judicial effectiveness 63.4 32.5
Tax burden 83.5 65.5
Government spending 82 67.5
Fiscal health 62.5 57.5
Business freedom 79.6 72.1
Labor freedom 55.4 46.2
Monetary freedom 80.8 79.6
Trade freedom 83 69.8
Investment freedom 60 80
Financial freedom 50 80

Economic freedom comparison by year

Malaysia
Morocco
1x
Year Economic freedom index
Malaysia Morocco
2026 68 61.8
2025 67.1 60.3
2024 65.7 56.8
2023 67.3 58.4
2022 68.1 59.2
2021 74.4 63.3
2020 74.7 63.3
2019 74 62.9
2018 74.5 61.9
2017 73.8 61.5
2016 71.5 61.3
2015 70.8 60.1
2014 69.6 58.3
2013 66.1 59.6
2012 66.4 60.2
2011 66.3 59.6
2010 64.8 59.2
2009 64.6 57.7
2008 63.9 55.6
2007 63.8 56.4
2006 61.6 51.5
2005 61.9 52.2
2004 59.9 56.7
2003 61.1 57.8
2002 60.1 59
2001 60.2 63.9
2000 66 63.2
1999 68.9 63.8
1998 68.2 61.1
1997 66.8 64.7
1996 69.9 64.3
1995 71.9 62.8

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, 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

Malaysia Morocco
Services, % of GDP
53.7%
2024
52.7%
2024
Industry, % of GDP
37%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
10.6%
2024
GNI, Atlas method
$414B
2024
$149B
2024
GNI per capita, PPP
$37,450
2024
$10,260
2024
Total reserves including gold
$116B
2024
$37.1B
2024
Total reserves ranking
24/177
2024
52/177
2024
Net foreign direct investment
-$2.55B
2024
-$948M
2024
Net inflows of foreign direct investment
$15.6B
2024
$1.64B
2024
Net outflows of foreign direct investment
$13B
2024
$691M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines
5.8%
2023
3.9%
2022
Gross capital formation, % of GDP
22%
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/malaysia/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 (2023–2024, 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.