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Economy of Morocco vs Mozambique compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $22.3B for Mozambique, ranking 58/197 and 127/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $22.9B (102.5% of GDP) in Mozambique.

Morocco vs Mozambique GDP by year

Morocco
Mozambique
1x
Year GDP, current $
Morocco Mozambique
2025 $182,374,250,612 $22,337,997,046
2024 $160,610,994,055 $22,752,244,245
2023 $146,036,093,667 $20,927,498,317
2022 $131,245,312,804 $18,884,232,599
2021 $142,022,058,447 $16,168,055,475
2020 $121,353,645,057 $14,235,420,174
2019 $128,920,266,409 $15,512,759,047
2018 $127,341,147,582 $15,017,358,953
2017 $118,540,573,368 $13,264,640,646
2016 $111,572,947,005 $12,069,051,237
2015 $110,413,823,842 $16,208,985,770
2014 $119,130,841,412 $17,978,246,586
2013 $115,739,287,305 $17,198,073,057
2012 $106,937,392,311 $16,688,114,144
2011 $110,080,631,332 $14,619,279,989
2010 $100,865,329,473 $11,411,894,724
2009 $101,154,952,241 $12,263,894,790
2008 $101,822,906,949 $12,920,340,965
2007 $86,947,913,287 $10,811,456,006
2006 $75,883,823,301 $9,509,835,537
2005 $68,852,658,069 $8,868,504,900
2004 $66,114,145,451 $7,937,255,565
2003 $58,029,363,354 $6,583,526,861
2002 $47,077,192,188 $5,950,769,427
2001 $43,831,480,208 $5,650,154,067
2000 $43,017,455,402 $5,930,685,215
1999 $46,266,428,648 $6,285,219,691
1998 $46,497,608,725 $5,551,118,149
1997 $39,147,844,526 $4,873,663,775
1996 $43,161,571,528 $4,030,146,135
1995 $39,030,285,468 $3,061,646,174
1994 $35,604,137,423 $2,958,108,170
1993 $31,655,473,664 $2,883,161,897
1992 $33,711,069,431 $2,798,696,511
1991 $32,285,573,574 $3,854,856,435
1990 $30,179,954,775 -
1989 $26,314,313,191 -
1988 $25,705,296,184 -
1987 $21,765,195,948 -
1986 $19,462,085,540 -
1985 $14,991,283,216 -
1984 $14,824,667,954 -
1983 $16,251,408,128 -
1982 $17,692,276,734 -
1981 $17,788,185,479 -
1980 $21,728,516,153 -
1979 $15,911,994,817 -
1978 $13,236,946,234 -
1977 $11,049,783,872 -
1976 $9,584,297,284 -
1975 $8,984,853,005 -
1974 $7,675,466,449 -
1973 $6,242,145,880 -
1972 $5,074,117,545 -
1971 $4,356,669,034 -
1970 $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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Morocco vs Mozambique by year

Morocco
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $627 -
2024 $4,218 $10,415 $657 $1,705
2023 $3,872 $9,895 $622 $1,678
2022 $3,516 $9,310 $578 $1,582
2021 $3,843 $8,623 $510 $1,457
2020 $3,317 $7,705 $462 $1,412
2019 $3,560 $8,046 $519 $1,389
2018 $3,553 $7,801 $518 $1,326
2017 $3,344 $8,115 $471 $1,283
2016 $3,186 $7,853 $441 $1,379
2015 $3,190 $7,799 $611 $1,318
2014 $3,483 $7,237 $697 $1,166
2013 $3,425 $7,542 $687 $1,114
2012 $3,206 $7,308 $686 $1,076
2011 $3,345 $7,274 $618 $1,064
2010 $3,107 $6,849 $496 $1,000
2009 $3,158 $6,629 $548 $951
2008 $3,222 $6,437 $592 $916
2007 $2,788 $6,058 $508 $862
2006 $2,466 $5,781 $457 $798
2005 $2,268 $5,275 $437 $721
2004 $2,207 $5,025 $400 $673
2003 $1,962 $4,741 $339 $620
2002 $1,612 $4,436 $314 $580
2001 $1,521 $4,269 $305 $533
2000 $1,513 $3,930 $327 $472
1999 $1,651 $3,801 $354 $468
1998 $1,683 $3,740 $320 $422
1997 $1,439 $3,502 $287.5 $387
1996 $1,610 $3,551 $244.4 $350
1995 $1,478 $3,152 $191.8 $321
1994 $1,369 $3,315 $196.8 $326
1993 $1,236 $2,979 $205.2 $321
1992 $1,337 $2,979 $205.6 $292
1991 $1,302 $3,025 $288.7 $315
1990 $1,238 $2,777 - $296
1989 $1,099 - - -
1988 $1,094 - - -
1987 $944 - - -
1986 $861 - - -
1985 $678 - - -
1984 $687 - - -
1983 $772 - - -
1982 $862 - - -
1981 $890 - - -
1980 $1,117 - - -
1979 $839 - - -
1978 $716 - - -
1977 $613 - - -
1976 $545 - - -
1975 $524 - - -
1974 $459 - - -
1973 $382 - - -
1972 $319 - - -
1971 $280.6 - - -
1970 $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 (1960–2025, retrieved 2026-07-08).

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

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $627 in Mozambique, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Mozambique ranks 192nd at $1,705.

Economic indicators

Morocco Mozambique
Gross domestic product
$182B
2025
$22.3B
2025
GDP rank
58/197
2025
127/197
2025
GDP growth
4.6%
2024-2025
-0.52%
2024-2025
GDP per capita
$4,746
2025
$627
2025
GDP per capita rank
126/197
2025
193/197
2025
GDP per capita, PPP
$10,415
2024
$1,705
2024
GDP per capita PPP rank
132/197
2024
192/197
2024
Government debt
$122B
2025
$22.9B
2025
Debt-to-GDP ratio
67.1%
2025
102.5%
2025
Government debt per person
$3,183
2025
$643
2025
Government debt per person rank
102/185
2025
158/185
2025
Average annual personal income after taxes
$4,045
2026
$1,324
2026
Market capitalization of domestic companies
$114B
2025
n/a
Number of billionaires
3
2026
n/a
Income share by richest 10%
31.9%
2013
40.8%
2022
Income share by poorest 10%
2.7%
2013
1.7%
2022
Government expenditure, % of GDP
31.3%
2025
30.3%
2025
Consumer prices inflation
0.7%
2024-2025
4.4%
2024-2025
Central bank interest rate
2.25%
2025
9.25%
2026
Unemployment rate
11.8%
2022
6.79%
2022
Population
38938817
37173146

Spending and national debt comparison by year

Morocco
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Morocco Mozambique
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 30.3% 102.5%
2024 30.9% 67.7% 33.3% 91.4%
2023 30.2% 68.7% 33.3% 90.8%
2022 31.8% 71.4% 32.9% 100.4%
2021 30.1% 69.4% 32.1% 104.3%
2020 34.1% 72.2% 33.9% 120%
2019 27% 60.3% 28% 98.3%
2018 27.8% 60.5% 31.2% 105.5%
2017 27.9% 60.3% 28.6% 103.8%
2016 28.6% 60.1% 28.7% 124.8%
2015 28.5% 58.4% 32.2% 86%
2014 30.7% 58.6% 39.7% 63.4%
2013 30.4% 57.1% 31.7% 49.5%
2012 32.5% 52.3% 28.1% 36.7%
2011 31.2% 48.6% 28.9% 34.2%
2010 28.7% 45.3% 26.6% 38.6%
2009 28.1% 42.6% 25.7% 39.3%
2008 28.3% 42% 21.3% 32.8%
2007 26.4% 47.1% 20.9% 31.2%
2006 26% 50.6% 20.1% 40%
2005 28.6% 54.8% 17% 60.1%
2004 24.5% 54.4% 17.8% 50.8%
2003 24.1% 56.9% 18.6% 63.2%
2002 25.8% 59.4% 18.6% 63.4%
2001 23.7% 60.4% 20.8% 99.8%
2000 22.8% 64.9% 17.2% 95.8%
1999 18.4% 63.4% 15.6% 94.7%
1998 18.7% 64.5% 14.9% -
1997 18.6% 68% 16.5% -
1996 17.6% 65.3% 14.9% -
1995 21.3% 72.2% 18.8% -
1994 21.7% 69.3% 22.9% -
1993 23.1% 74.7% 20.7% -
1992 22.3% 67% 21.1% -
1991 20.8% 59.1% 17.3% -
1990 22.6% 70.5% 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Mozambique spent $6.76B, or 30.3% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 102.5% in Mozambique, ranking 64/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Mozambique
1x
Year Deficit/surplus, % of GDP
Morocco Mozambique
2025 -3.54% -3.97%
2024 -3.92% -6.23%
2023 -4.41% -4.26%
2022 -5.37% -5.22%
2021 -5.92% -5.23%
2020 -7.15% -6.19%
2019 -3.8% 1.7%
2018 -3.52% -5.7%
2017 -3.3% -1.99%
2016 -4.49% -5.06%
2015 -4.59% -6.55%
2014 -4.78% -9.75%
2013 -4.7% -2.46%
2012 -6.63% -3.45%
2011 -6.08% -4.34%
2010 -3.93% -3.4%
2009 -1.63% -4.35%
2008 0.63% -1.9%
2007 -0.12% -2.19%
2006 -1.8% -3.03%
2005 -5.46% -2.06%
2004 -3.31% -3.17%
2003 -3.74% -2.64%
2002 -4.37% -3.36%
2001 -3.79% -4.43%
2000 -1.97% -1.26%
1999 3.21% -0.31%
1998 1.47% -1.08%
1997 1.5% -1.81%
1996 0.87% -2.07%
1995 -2.54% -2.46%
1994 -2.51% -4%
1993 -2% -2.53%
1992 -1.84% -1.85%
1991 -0.9% -2.01%
1990 -1.32% -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Morocco's government deficit, the difference between spending and revenue, was $6.46B, equivalent to 3.54% of GDP. This compares to Mozambique's deficit of $886M, or 3.97% of GDP.

Over the past 35 years, Morocco recorded a fiscal deficit in 30 of those years, while Mozambique ran a deficit in 34 years. On average, Morocco posted an annual deficit equal to 2.98% of GDP, compared to deficit of 3.39% of GDP for Mozambique.

Inflation comparison by year

Inflation
Morocco

Mozambique
1x
Year Consumer prices inflation
Morocco Mozambique
2025 0.7% 4.4%
2024 0.99% 3.2%
2023 6.09% 7%
2022 6.66% 10.4%
2021 1.4% 6.6%
2020 0.71% 0.9%
2019 0.3% 5.7%
2018 1.8% 3.2%
2017 0.75% 15.8%
2016 1.64% 18.4%
2015 1.56% 3.6%
2014 0.44% 2.6%
2013 1.88% 4.3%
2012 1.29% 2.6%
2011 0.91% 11.2%
2010 0.99% 12.4%
2009 0.97% 3.8%
2008 3.71% 14.5%
2007 2.04% 10.4%
2006 3.28% 13.2%
2005 0.98% 6.4%
2004 1.49% 12.6%
2003 1.17% 13.5%
2002 2.8% 16.8%
2001 0.62% 9.1%
2000 1.89% 12.7%
1999 0.68% 2.9%
1998 2.75% 1.5%
1997 1.04% 7.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 8.18% in Mozambique. In 2025, inflation was 0.7% in Morocco and 4.4% in Mozambique.

Top exports between countries

Morocco
Export category Export value
Raw materials & minerals $62.5M
Animal & marine products $2.03M
Machinery & equipment $1.06M
Metals $183K
Processed food, beverages & tobacco $153K
Textiles & consumer goods $124K
Chemicals & pharma $82K
Wood & paper products $1K
Mozambique
Export category Export value
Processed food, beverages & tobacco $3.48M
Raw materials & minerals $590K
Animal & marine products $58K
Machinery & equipment $13K
Textiles & consumer goods $8K
Chemicals & pharma $1K

Balance of trade

Morocco Mozambique
Current account balance
-$4.56B
2025
-$2.49B
2024
Current account balance ranking
163/190
2025
148/190
2024
Current account balance, % of GDP
-2.5%
2025
-11%
2024
Goods imports
$77.2B
2025
$8.38B
2024
Goods exports
$43.7B
2025
$8.21B
2024
Service imports
$16.7B
2025
$2.11B
2024
Service exports
$33.6B
2025
$1.15B
2024
Imports of goods and services, % of GDP
51.1%
2025
55.7%
2025
Exports of goods and services, % of GDP
42%
2025
41.4%
2025

Economic freedom indices

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

Morocco Mozambique
Economic freedom 61.8 49.6
Economic freedom ranking 91/197 164/197
Property rights 55.2 29.7
Government integrity 35.6 25.1
Judicial effectiveness 32.5 43.4
Tax burden 65.5 75.8
Government spending 67.5 67
Fiscal health 57.5 39.1
Business freedom 72.1 40.2
Labor freedom 46.2 47.7
Monetary freedom 79.6 76.2
Trade freedom 69.8 71.2
Investment freedom 80 40
Financial freedom 80 40

Economic freedom comparison by year

Morocco
Mozambique
1x
Year Economic freedom index
Morocco Mozambique
2026 61.8 49.6
2025 60.3 50.7
2024 56.8 50.7
2023 58.4 52.5
2022 59.2 51.3
2021 63.3 51.6
2020 63.3 50.5
2019 62.9 48.6
2018 61.9 46.3
2017 61.5 49.9
2016 61.3 53.2
2015 60.1 54.8
2014 58.3 55
2013 59.6 55
2012 60.2 57.1
2011 59.6 56.8
2010 59.2 56
2009 57.7 55.7
2008 55.6 55.4
2007 56.4 54.7
2006 51.5 51.9
2005 52.2 54.6
2004 56.7 57.2
2003 57.8 58.6
2002 59 57.7
2001 63.9 59.2
2000 63.2 52.2
1999 63.8 48.9
1998 61.1 43
1997 64.7 44
1996 64.3 48.4
1995 62.8 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Mozambique
Services, % of GDP
52.3%
2025
42%
2025
Industry, % of GDP
25.2%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
25.6%
2025
GNI, Atlas method
$170B
2025
$20.4B
2025
GNI per capita, PPP
$10,960
2025
$1,540
2025
Total reserves including gold
$48.5B
2025
$3.84B
2024
Total reserves ranking
50/177
2025
112/177
2024
Net foreign direct investment
-$2.51B
2025
-$3.55B
2024
Net inflows of foreign direct investment
$1.75B
2024
$3.51B
2024
Net outflows of foreign direct investment
$679M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
22.4%
2024
Poverty at national poverty lines
3.9%
2022
65%
2022
Gross capital formation, % of GDP
31.9%
2025
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.