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Economy of Morocco vs Niger compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $19.9B for Niger, ranking 58/197 and 130/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Morocco vs Niger GDP by year

Morocco
Niger
1x
Year GDP, current $
Morocco Niger
2024 $160,610,994,055 $19,876,128,486
2023 $146,036,093,667 $16,698,786,978
2022 $131,245,312,804 $15,433,852,712
2021 $142,022,058,447 $14,915,002,436
2020 $121,353,645,057 $13,744,653,103
2019 $128,920,266,409 $12,889,555,561
2018 $127,341,147,582 $12,837,307,497
2017 $118,540,573,368 $11,185,104,252
2016 $111,572,947,005 $10,398,861,982
2015 $110,413,823,842 $9,683,867,926
2014 $119,130,841,412 $10,862,943,544
2013 $115,739,287,305 $10,224,897,438
2012 $106,937,392,311 $9,426,912,648
2011 $110,080,631,332 $8,772,950,778
2010 $100,865,329,473 $7,851,192,502
2009 $101,154,952,241 $7,352,131,310
2008 $101,822,906,949 $7,297,600,226
2007 $86,947,913,287 $5,731,485,052
2006 $75,883,823,301 $4,756,361,252
2005 $68,852,658,069 $4,383,315,965
2004 $66,114,145,451 $3,760,443,738
2003 $58,029,363,354 $3,394,084,732
2002 $47,077,192,188 $2,782,192,879
2001 $43,831,480,208 $2,448,714,704
2000 $43,017,455,402 $2,241,753,193
1999 $46,266,428,648 $2,537,789,821
1998 $46,497,608,725 $2,643,363,519
1997 $39,147,844,526 $2,290,318,910
1996 $43,161,571,528 $2,405,686,940
1995 $39,030,285,468 $2,302,537,562
1994 $35,604,137,423 $1,938,058,175
1993 $31,655,473,664 $3,052,673,849
1992 $33,711,069,431 $3,386,232,579
1991 $32,285,573,574 $3,285,796,875
1990 $30,179,954,775 $3,512,356,508
1989 $26,314,313,191 $2,179,567,114
1988 $25,705,296,184 $2,280,356,193
1987 $21,765,195,948 $2,233,006,105
1986 $19,462,085,540 $1,904,096,998
1985 $14,991,283,216 $1,440,581,652
1984 $14,824,667,954 $1,461,243,326
1983 $16,251,408,128 $1,803,099,561
1982 $17,692,276,734 $2,017,612,216
1981 $17,788,185,479 $2,170,893,414
1980 $21,728,516,153 $2,508,524,721
1979 $15,911,994,817 $2,109,277,666
1978 $13,236,946,234 $1,774,365,590
1977 $11,049,783,872 $1,291,458,041
1976 $9,584,297,284 $1,064,517,601
1975 $8,984,853,005 $1,048,690,933
1974 $7,675,466,449 $1,026,137,111
1973 $6,242,145,880 $946,385,105
1972 $5,074,117,545 $742,779,661
1971 $4,356,669,034 $693,573,704
1970 $3,956,336,244 $649,916,621
1969 $3,651,622,669 $625,867,985
1968 $3,271,422,333 $641,214,226
1967 $3,046,345,314 $665,586,872
1966 $2,876,401,297 $702,296,079
1965 $2,948,331,090 $673,383,511
1964 $2,798,345,299 $582,816,396
1963 $2,657,252,578 $586,294,879
1962 $2,379,611,125 $531,736,599
1961 $2,025,693,540 $485,785,231
1960 $2,037,154,742 $449,526,873

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

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

GDP per capita in Morocco vs Niger by year

Morocco
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 $735 $2,050
2023 $3,872 $9,895 $638 $1,875
2022 $3,516 $9,310 $610 $1,840
2021 $3,843 $8,623 $609 $1,586
2020 $3,317 $7,705 $580 $1,497
2019 $3,560 $8,046 $562 $1,419
2018 $3,553 $7,801 $579 $1,276
2017 $3,344 $8,115 $522 $1,208
2016 $3,186 $7,853 $503 $1,189
2015 $3,190 $7,799 $486 $1,172
2014 $3,483 $7,237 $565 $1,161
2013 $3,425 $7,542 $552 $1,138
2012 $3,206 $7,308 $529 $1,162
2011 $3,345 $7,274 $511 $1,064
2010 $3,107 $6,849 $474 $1,058
2009 $3,158 $6,629 $461 $999
2008 $3,222 $6,437 $475 $1,010
2007 $2,788 $6,058 $387 $955
2006 $2,466 $5,781 $333 $935
2005 $2,268 $5,275 $319 $888
2004 $2,207 $5,025 $283.5 $832
2003 $1,962 $4,741 $265.2 $837
2002 $1,612 $4,436 $225.3 $832
2001 $1,521 $4,269 $205.4 $809
2000 $1,513 $3,930 $194.8 $764
1999 $1,651 $3,801 $228.3 $783
1998 $1,683 $3,740 $246.1 $801
1997 $1,439 $3,502 $220.6 $745
1996 $1,610 $3,551 $239.5 $746
1995 $1,478 $3,152 $237 $757
1994 $1,369 $3,315 $206.2 $748
1993 $1,236 $2,979 $335 $742
1992 $1,337 $2,979 $384 $746
1991 $1,302 $3,025 $384 $738
1990 $1,238 $2,777 $424 $739
1989 $1,099 - $271.3 -
1988 $1,094 - $292.6 -
1987 $944 - $295.3 -
1986 $861 - $259.6 -
1985 $678 - $202.4 -
1984 $687 - $211.5 -
1983 $772 - $268.8 -
1982 $862 - $310 -
1981 $890 - $343 -
1980 $1,117 - $409 -
1979 $839 - $354 -
1978 $716 - $307 -
1977 $613 - $229.8 -
1976 $545 - $194.8 -
1975 $524 - $197.2 -
1974 $459 - $198.3 -
1973 $382 - $187.9 -
1972 $319 - $151.4 -
1971 $280.6 - $145.2 -
1970 $261.5 - $139.8 -
1969 $247.8 - $138.3 -
1968 $228 - $145.6 -
1967 $218.1 - $155.4 -
1966 $211.5 - $168.6 -
1965 $222.7 - $166.3 -
1964 $216.9 - $148.1 -
1963 $211.3 - $153.3 -
1962 $194.2 - $143.2 -
1961 $169.8 - $134.6 -
1960 $175.2 - $128.3 -

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

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

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Niger ranks 186th at $2,050.

Economic indicators

Morocco Niger
Gross domestic product
$161B
2024
$19.9B
2024
GDP rank
58/197
2024
130/197
2024
GDP growth
3.79%
2023-2024
10.3%
2023-2024
GDP per capita
$4,218
2024
$735
2024
GDP per capita rank
127/197
2024
187/197
2024
GDP per capita, PPP
$10,415
2024
$2,050
2024
GDP per capita PPP rank
132/197
2024
186/197
2024
Government debt
$109B
2024
$9.39B
2024
Debt-to-GDP ratio
67.7%
2024
47.2%
2024
Government debt per person
$2,857
2024
$347
2024
Government debt per person rank
104/185
2024
173/185
2024
Average annual personal income after taxes
$5,678
2026
$1,163
2026
Market capitalization of domestic companies
$74.5B
2024
n/a
Number of billionaires
3
2025
n/a
Income share by richest 10%
31.9%
2013
27.8%
2021
Income share by poorest 10%
2.7%
2013
3.8%
2021
Government expenditure, % of GDP
33%
2024
13.4%
2024
Consumer prices inflation
0.99%
2023-2024
9.07%
2023-2024
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
11.8%
2022
0.4%
2022
Population
38871720
29080898

Spending and national debt comparison by year

Morocco
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Morocco Niger
Government spending Government debt Government spending Government debt
2024 33% 67.7% 13.4% 47.2%
2023 32% 68.7% 15.8% 51.8%
2022 33.7% 71.4% 21.6% 50.6%
2021 31% 69.4% 24.3% 51.3%
2020 34.1% 72.2% 22.4% 45%
2019 27.6% 60.3% 21.6% 39.8%
2018 27.8% 60.5% 21.2% 37%
2017 27.9% 60.3% 19.5% 36.5%
2016 28.6% 60.1% 19.4% 32.8%
2015 28.5% 58.4% 24.2% 29.9%
2014 30.7% 58.6% 23.6% 22.1%
2013 30.4% 57.1% 20.4% 19.6%
2012 32.5% 52.3% 16.6% 18.1%
2011 31.2% 48.6% 15.3% 14.7%
2010 28.7% 45.3% 14.3% 15.1%
2009 28.1% 42.6% 17.7% 15.9%
2008 28.3% 42% 16.9% 14.2%
2007 26.4% 47.1% 17.4% 17.8%
2006 26% 50.6% 15.2% 18.3%
2005 28.6% 54.8% 15.6% 49.5%
2004 24.5% 54.4% 16.1% 55%
2003 24.1% 56.9% 14% 60.6%
2002 25.8% 59.4% 14.4% 69%
2001 23.7% 60.4% 13.7% 74%
2000 22.8% 64.9% 13.5% 82.1%
1999 18.4% 63.4% 15% 63.3%
1998 18.7% 64.5% 13.6% 61.3%
1997 18.6% 68% 12.9% 69.1%
1996 17.6% 65.3% 10.9% 63.5%
1995 21.3% 72.2% 12.5% 69.4%
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/morocco/niger | CC BY

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 47.2% in Niger, ranking 60/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Niger
1x
Year Deficit/surplus, % of GDP
Morocco Niger
2024 -3.92% -4.27%
2023 -4.41% -5.37%
2022 -5.37% -6.77%
2021 -5.92% -6.1%
2020 -7.15% -4.82%
2019 -3.8% -3.56%
2018 -3.52% -3.01%
2017 -3.3% -4.12%
2016 -4.49% -4.46%
2015 -4.59% -6.75%
2014 -4.78% -6.12%
2013 -4.7% -1.93%
2012 -6.63% -0.83%
2011 -6.08% -2.19%
2010 -3.93% -0.99%
2009 -1.63% -3.93%
2008 0.63% 1.11%
2007 -0.12% -0.75%
2006 -1.8% 31%
2005 -5.46% -1.53%
2004 -3.31% -2.76%
2003 -3.74% -2.17%
2002 -4.37% -2.21%
2001 -3.79% -2.59%
2000 -1.97% -2.83%
1999 3.21% -4.27%
1998 1.47% -2.23%
1997 1.5% -2.39%
1996 0.87% -0.36%
1995 -2.54% -3.19%
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/morocco/niger | CC BY

In 2024, Morocco's government deficit, the difference between spending and revenue, was $6.3B, equivalent to 3.92% of GDP. This compares to Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Morocco recorded a fiscal deficit in 25 of those years, while Niger ran a deficit in 28 years. On average, Morocco posted an annual deficit equal to 3.12% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Morocco

Niger
1x
Year Consumer prices inflation
Morocco Niger
2024 0.99% 9.07%
2023 6.09% 3.7%
2022 6.66% 4.23%
2021 1.4% 3.84%
2020 0.71% 2.9%
2019 0.3% -2.49%
2018 1.8% 2.97%
2017 0.75% 2.8%
2016 1.64% 1.65%
2015 1.56% -0.58%
2014 0.44% -0.93%
2013 1.88% 2.3%
2012 1.29% 0.46%
2011 0.91% 2.94%
2010 0.99% 0.8%
2009 0.97% 0.58%
2008 3.71% 11.3%
2007 2.04% 0.05%
2006 3.28% 0.04%
2005 0.98% 7.8%
2004 1.49% 0.26%
2003 1.17% -1.61%
2002 2.8% 2.63%
2001 0.62% 4.01%
2000 1.89% 2.9%
1999 0.68% -2.3%
1998 2.75% 4.55%
1997 1.04% 2.93%

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

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

Over the past 28 years, Morocco has recorded an average annual inflation rate of 1.82%, compared with 2.39% in Niger. In 2024, inflation was 0.99% in Morocco and 9.07% in Niger.

Top exports between countries

Morocco
Export category Export value
Processed food, beverages & tobacco $6.45M
Machinery & equipment $5.43M
Metals $2.54M
Raw materials & minerals $2.16M
Textiles & consumer goods $1.4M
Chemicals & pharma $957K
Raw agricultural goods $764K
Animal & marine products $317K
Wood & paper products $79K
Precious metals & jewellery $27K
Niger
Export category Export value
Raw materials & minerals $1.31M
Machinery & equipment $18K
Textiles & consumer goods $12K
Raw agricultural goods $8K

Balance of trade

Morocco Niger
Current account balance
-$1.87B
2024
-$2.33B
2023
Current account balance ranking
141/190
2024
146/190
2023
Current account balance, % of GDP
-1.16%
2024
-14%
2023
Goods imports
$66.5B
2024
$2.59B
2023
Goods exports
$39.3B
2024
$992M
2023
Service imports
$14.3B
2024
$1.22B
2023
Service exports
$28.2B
2024
$231M
2023
Imports of goods and services, % of GDP
50.2%
2024
22.7%
2024
Exports of goods and services, % of GDP
42%
2024
27.3%
2024

Economic freedom indices

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

Morocco Niger
Economic freedom 61.8 51
Economic freedom ranking 91/197 156/197
Property rights 55.2 16.6
Government integrity 35.6 33.9
Judicial effectiveness 32.5 28
Tax burden 65.5 78.2
Government spending 67.5 91.4
Fiscal health 57.5 47.6
Business freedom 72.1 32.4
Labor freedom 46.2 54.7
Monetary freedom 79.6 67.9
Trade freedom 69.8 65.8
Investment freedom 80 55
Financial freedom 80 40

Economic freedom comparison by year

Morocco
Niger
1x
Year Economic freedom index
Morocco Niger
2026 61.8 51
2025 60.3 51.5
2024 56.8 52.3
2023 58.4 53.7
2022 59.2 54.9
2021 63.3 57.3
2020 63.3 54.7
2019 62.9 51.6
2018 61.9 49.5
2017 61.5 50.8
2016 61.3 54.3
2015 60.1 54.6
2014 58.3 55.1
2013 59.6 53.9
2012 60.2 54.3
2011 59.6 54.3
2010 59.2 52.9
2009 57.7 53.8
2008 55.6 52.9
2007 56.4 53.2
2006 51.5 52.5
2005 52.2 54.1
2004 56.7 54.6
2003 57.8 54.2
2002 59 48.2
2001 63.9 48.9
2000 63.2 45.9
1999 63.8 48.6
1998 61.1 47.5
1997 64.7 46.6
1996 64.3 45.8
1995 62.8 -

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Niger
Services, % of GDP
52.7%
2024
45%
2024
Industry, % of GDP
25.6%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
34.5%
2024
GNI, Atlas method
$149B
2024
$18.3B
2024
GNI per capita, PPP
$10,260
2024
$2,030
2024
Total reserves including gold
$37.1B
2024
n/a
Total reserves ranking
52/177
2024
n/a
Net foreign direct investment
-$948M
2024
-$1.02B
2023
Net inflows of foreign direct investment
$1.64B
2024
$358M
2024
Net outflows of foreign direct investment
$691M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
1.94%
2024
Poverty at national poverty lines
3.9%
2022
41.2%
2021
Gross capital formation, % of GDP
30.1%
2024
22.1%
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/morocco/niger | 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.