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Economy of Malta vs Morocco compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $161B for Morocco, ranking 119/197 and 58/197 by economy size, respectively.

Malta has $11.5B in government debt (46.2% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Malta vs Morocco GDP by year

Malta
Morocco
1x
Year GDP, current $
Malta Morocco
2024 $24,971,574,502 $160,610,994,055
2023 $22,610,561,526 $146,036,093,667
2022 $18,928,276,162 $131,245,312,804
2021 $19,739,875,611 $142,022,058,447
2020 $16,404,663,226 $121,353,645,057
2019 $16,337,793,531 $128,920,266,409
2018 $16,153,779,511 $127,341,147,582
2017 $14,161,366,724 $118,540,573,368
2016 $12,025,782,834 $111,572,947,005
2015 $11,340,795,042 $110,413,823,842
2014 $11,888,032,874 $119,130,841,412
2013 $10,796,782,636 $115,739,287,305
2012 $9,609,532,089 $106,937,392,311
2011 $9,789,361,703 $110,080,631,332
2010 $9,097,044,159 $100,865,329,473
2009 $8,734,745,698 $101,154,952,241
2008 $9,135,419,465 $101,822,906,949
2007 $7,908,412,306 $86,947,913,287
2006 $6,749,838,806 $75,883,823,301
2005 $6,393,234,993 $68,852,658,069
2004 $6,104,141,520 $66,114,145,451
2003 $5,418,315,224 $58,029,363,354
2002 $4,455,127,414 $47,077,192,188
2001 $4,070,867,133 $43,831,480,208
2000 $4,036,809,815 $43,017,455,402
1999 $4,111,857,809 $46,266,428,648
1998 $4,010,111,688 $46,497,608,725
1997 $3,787,023,707 $39,147,844,526
1996 $3,822,547,197 $43,161,571,528
1995 $3,709,396,045 $39,030,285,468
1994 $2,998,505,428 $35,604,137,423
1993 $2,709,193,538 $31,655,473,664
1992 $3,021,942,759 $33,711,069,431
1991 $2,750,216,747 $32,285,573,574
1990 $2,547,328,748 $30,179,954,775
1989 $2,118,655,677 $26,314,313,191
1988 $2,019,503,068 $25,705,296,184
1987 $1,751,293,461 $21,765,195,948
1986 $1,435,038,441 $19,462,085,540
1985 $1,117,797,439 $14,991,283,216
1984 $1,101,807,023 $14,824,667,954
1983 $1,165,729,707 $16,251,408,128
1982 $1,234,474,404 $17,692,276,734
1981 $1,243,509,394 $17,788,185,479
1980 $1,250,198,601 $21,728,516,153
1979 $1,001,288,847 $15,911,994,817
1978 $793,673,402 $13,236,946,234
1977 $625,563,171 $11,049,783,872
1976 $527,936,989 $9,584,297,284
1975 $474,618,321 $8,984,853,005
1974 $376,081,124 $7,675,466,449
1973 $345,616,106 $6,242,145,880
1972 $295,106,628 $5,074,117,545
1971 $264,578,485 $4,356,669,034
1970 $250,728,796 $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $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/malta/morocco | CC BY

GDP per capita in Malta vs Morocco by year

Malta
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $4,218 $10,415
2023 $40,906 $67,057 $3,872 $9,895
2022 $35,639 $60,589 $3,516 $9,310
2021 $38,097 $56,852 $3,843 $8,623
2020 $31,823 $49,972 $3,317 $7,705
2019 $32,422 $51,393 $3,560 $8,046
2018 $33,382 $48,178 $3,553 $7,801
2017 $30,317 $45,764 $3,344 $8,115
2016 $26,459 $41,000 $3,186 $7,853
2015 $25,530 $38,369 $3,190 $7,799
2014 $27,425 $35,206 $3,483 $7,237
2013 $25,416 $33,138 $3,425 $7,542
2012 $22,878 $30,716 $3,206 $7,308
2011 $23,517 $29,426 $3,345 $7,274
2010 $21,947 $28,909 $3,107 $6,849
2009 $21,176 $26,782 $3,158 $6,629
2008 $22,315 $26,654 $3,222 $6,437
2007 $19,444 $25,012 $2,788 $6,058
2006 $16,654 $23,219 $2,466 $5,781
2005 $15,831 $22,227 $2,268 $5,275
2004 $15,212 $21,566 $2,207 $5,025
2003 $13,594 $20,813 $1,962 $4,741
2002 $11,251 $19,532 $1,612 $4,436
2001 $10,358 $18,435 $1,521 $4,269
2000 $10,348 $18,214 $1,513 $3,930
1999 $10,609 $16,898 $1,651 $3,801
1998 $10,408 $16,219 $1,683 $3,740
1997 $9,893 $15,465 $1,439 $3,502
1996 $10,062 $14,661 $1,610 $3,551
1995 $9,828 $13,950 $1,478 $3,152
1994 $8,000 $12,938 $1,369 $3,315
1993 $7,296 $12,103 $1,236 $2,979
1992 $8,220 $11,429 $1,337 $2,979
1991 $7,559 $10,784 $1,302 $3,025
1990 $7,192 $10,086 $1,238 $2,777
1989 $6,041 - $1,099 -
1988 $5,814 - $1,094 -
1987 $5,084 - $944 -
1986 $4,195 - $861 -
1985 $3,322 - $678 -
1984 $3,333 - $687 -
1983 $3,527 - $772 -
1982 $3,788 - $862 -
1981 $3,898 - $890 -
1980 $3,948 - $1,117 -
1979 $3,196 - $839 -
1978 $2,559 - $716 -
1977 $2,038 - $613 -
1976 $1,727 - $545 -
1975 $1,560 - $524 -
1974 $1,245 - $459 -
1973 $1,144 - $382 -
1972 $976 - $319 -
1971 $874 - $280.6 -
1970 $828 - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $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/malta/morocco | CC BY

Malta's GDP per capita is $43,899, ranking 28/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Morocco ranks 132nd at $10,415.

Economic indicators

Malta Morocco
Gross domestic product
$25B
2024
$161B
2024
GDP rank
119/197
2024
58/197
2024
GDP growth
6.8%
2023-2024
3.79%
2023-2024
GDP per capita
$43,899
2024
$4,218
2024
GDP per capita rank
28/197
2024
127/197
2024
GDP per capita, PPP
$69,864
2024
$10,415
2024
GDP per capita PPP rank
25/197
2024
132/197
2024
Government debt
$11.5B
2024
$109B
2024
Debt-to-GDP ratio
46.2%
2024
67.7%
2024
Government debt per person
$20,269
2024
$2,857
2024
Government debt per person rank
31/185
2024
104/185
2024
Average annual personal income after taxes
$23,692
2026
$5,678
2026
Market capitalization of domestic companies
$4.29B
2024
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
27.7%
2022
31.9%
2013
Income share by poorest 10%
2.7%
2022
2.7%
2013
Government expenditure, % of GDP
37.3%
2024
33%
2024
Consumer prices inflation
1.65%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
3.12%
2024
11.8%
2022
Population
581729
38871720

Spending and national debt comparison by year

Malta
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Malta Morocco
Government spending Government debt Government spending Government debt
2024 37.3% 46.2% 33% 67.7%
2023 36.1% 46.8% 32% 68.7%
2022 38.3% 50.1% 33.7% 71.4%
2021 39.4% 49.6% 31% 69.4%
2020 42.1% 48.6% 34.1% 72.2%
2019 34.9% 39.2% 27.6% 60.3%
2018 34.5% 41.4% 27.8% 60.5%
2017 32.7% 45.6% 27.9% 60.3%
2016 35.5% 53.1% 28.6% 60.1%
2015 37.8% 55% 28.5% 58.4%
2014 39.6% 60.7% 30.7% 58.6%
2013 40.1% 64.9% 30.4% 57.1%
2012 41.7% 65.6% 32.5% 52.3%
2011 41.5% 68.9% 31.2% 48.6%
2010 40.1% 65% 28.7% 45.3%
2009 41.1% 66% 28.1% 42.6%
2008 42.1% 61.5% 28.3% 42%
2007 41.2% 62% 26.4% 47.1%
2006 42.5% 64.5% 26% 50.6%
2005 42.5% 70.2% 28.6% 54.8%
2004 42% 70.4% 24.5% 54.4%
2003 45.6% 68.6% 24.1% 56.9%
2002 43.6% 65.1% 25.8% 59.4%
2001 44.4% 70% 23.7% 60.4%
2000 42.9% 64.4% 22.8% 64.9%
1999 - 69.8% 18.4% 63.4%
1998 - 66.4% 18.7% 64.5%
1997 - 60.8% 18.6% 68%
1996 - 51.5% 17.6% 65.3%
1995 - 45.3% 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/malta/morocco | CC BY

In 2024, Malta's government spending was $9.32B, accounting for 37.3% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 46.2% in Malta and 67.7% in Morocco, ranking 118/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Morocco
1x
Year Deficit/surplus, % of GDP
Malta Morocco
2024 -3.58% -3.92%
2023 -4.65% -4.41%
2022 -5.31% -5.37%
2021 -6.95% -5.92%
2020 -8.72% -7.15%
2019 0.72% -3.8%
2018 1.86% -3.52%
2017 3.4% -3.3%
2016 1.1% -4.49%
2015 -0.84% -4.59%
2014 -1.49% -4.78%
2013 -2.19% -4.7%
2012 -3.31% -6.63%
2011 -2.99% -6.08%
2010 -2.22% -3.93%
2009 -3.11% -1.63%
2008 -4.06% 0.63%
2007 -2.05% -0.12%
2006 -2.46% -1.8%
2005 -2.83% -5.46%
2004 -4.28% -3.31%
2003 -9.04% -3.74%
2002 -5.62% -4.37%
2001 -6.5% -3.79%
2000 -5.83% -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/malta/morocco | CC BY

In 2024, Malta's government deficit, the difference between spending and revenue, was $893M, equivalent to 3.58% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Morocco ran a deficit in 24 years. On average, Malta posted an annual deficit equal to 3.24% of GDP, compared to deficit of 3.93% of GDP for Morocco.

Inflation comparison by year

Inflation
Malta

Morocco
1x
Year Consumer prices inflation
Malta Morocco
2024 1.65% 0.99%
2023 5.09% 6.09%
2022 6.15% 6.66%
2021 1.5% 1.4%
2020 0.64% 0.71%
2019 1.64% 0.3%
2018 1.16% 1.8%
2017 1.36% 0.75%
2016 0.64% 1.64%
2015 1.1% 1.56%
2014 0.31% 0.44%
2013 1.18% 1.88%
2012 2.38% 1.29%
2011 2.96% 0.91%
2010 1.52% 0.99%
2009 2.08% 0.97%
2008 4.26% 3.71%
2007 1.25% 2.04%
2006 2.77% 3.28%
2005 3.01% 0.98%
2004 2.79% 1.49%
2003 1.3% 1.17%
2002 2.19% 2.8%
2001 2.93% 0.62%
2000 2.37% 1.89%
1999 2.13% 0.68%
1998 2.39% 2.75%
1997 3.11% 1.04%

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

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

Over the past 28 years, Malta has recorded an average annual inflation rate of 2.21%, compared with 1.82% in Morocco. In 2024, inflation was 1.65% in Malta and 0.99% in Morocco.

Top exports between countries

Malta
Export category Export value
Textiles & consumer goods $1.28M
Precious metals & jewellery $1.24M
Machinery & equipment $918K
Transport & tourism services $591K
Business & finance services $355K
Chemicals & pharma $286K
IT & IP services $118K
Raw materials & minerals $37K
Wood & paper products $30K
Metals $17K
Morocco
Export category Export value
Animal & marine products $8.74M
Textiles & consumer goods $2.14M
Chemicals & pharma $1.59M
Machinery & equipment $1.26M
Processed food, beverages & tobacco $1.06M
Raw agricultural goods $383K
Metals $43K
Raw materials & minerals $34K
Miscellaneous $4K
Precious metals & jewellery $4K

Balance of trade

Malta Morocco
Current account balance
$1.78B
2024
-$1.87B
2024
Current account balance ranking
47/190
2024
141/190
2024
Current account balance, % of GDP
+7.12%
2024
-1.16%
2024
Goods imports
$7.56B
2024
$66.5B
2024
Goods exports
$4.58B
2024
$39.3B
2024
Service imports
$17.4B
2024
$14.3B
2024
Service exports
$25B
2024
$28.2B
2024
Imports of goods and services, % of GDP
99.7%
2024
50.2%
2024
Exports of goods and services, % of GDP
118.5%
2024
42%
2024

Economic freedom indices

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

Malta Morocco
Economic freedom 68.2 61.8
Economic freedom ranking 49/197 91/197
Property rights 85.5 55.2
Government integrity 54.3 35.6
Judicial effectiveness 80.2 32.5
Tax burden 68.5 65.5
Government spending 58.4 67.5
Fiscal health 63.2 57.5
Business freedom 83.2 72.1
Labor freedom 62.6 46.2
Monetary freedom 73.1 79.6
Trade freedom 79.4 69.8
Investment freedom 60 80
Financial freedom 50 80

Economic freedom comparison by year

Malta
Morocco
1x
Year Economic freedom index
Malta Morocco
2026 68.2 61.8
2025 66.8 60.3
2024 64.5 56.8
2023 67.5 58.4
2022 71.5 59.2
2021 70.2 63.3
2020 69.5 63.3
2019 68.6 62.9
2018 68.5 61.9
2017 67.7 61.5
2016 66.7 61.3
2015 66.5 60.1
2014 66.4 58.3
2013 67.5 59.6
2012 67 60.2
2011 65.7 59.6
2010 67.2 59.2
2009 66.1 57.7
2008 66 55.6
2007 66.1 56.4
2006 67.3 51.5
2005 68.9 52.2
2004 63.3 56.7
2003 61.1 57.8
2002 62.2 59
2001 62.9 63.9
2000 58.3 63.2
1999 59.3 63.8
1998 61.2 61.1
1997 57.9 64.7
1996 55.8 64.3
1995 56.3 62.8

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, 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

Malta Morocco
Services, % of GDP
81.8%
2024
52.7%
2024
Industry, % of GDP
10.7%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
10.6%
2024
GNI, Atlas method
$20.9B
2024
$149B
2024
GNI per capita, PPP
$61,340
2024
$10,260
2024
Total reserves including gold
$1.42B
2024
$37.1B
2024
Total reserves ranking
137/177
2024
52/177
2024
Net foreign direct investment
-$6.13B
2024
-$948M
2024
Net inflows of foreign direct investment
$42.6B
2024
$1.64B
2024
Net outflows of foreign direct investment
$36.5B
2024
$691M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines
16.7%
2021
3.9%
2022
Gross capital formation, % of GDP
19%
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/malta/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 (2021–2024, 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.