Morocco vs North Macedonia: Economic Indicators Comparison

Morocco with a GDP of $117.9B ranked the 60th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Morocco and North Macedonia ranked 87th vs 110th and 130th vs 100th, respectively.

Gross Domestic Product & Income

StatMoroccoNorth Macedonia
GDP$117.9B$12.7B
GDP growth, 1 year3.1%2.7%
GDP growth, 5-years average3.1%2.6%
Population36M2.1M
GDP per capita$3.2k$6.1k
GDP per capita growth1.65%2.62%
Purchasing Power Parity conversion factor3.5119.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.37
GDP per capita, PPP adjusted$8.9k$16k
GNI, Atlas method$112.9B$11.4B
GNI per capita$3.1k$5.5k
GNI, PPP adjusted$308.5B$32.6B
GNI per capita, PPP adjusted$8.4k$16k

Financial system and Human development

StatMoroccoNorth Macedonia
Income Tax Rate38%10%
Corporate Tax Rate30%10%
Inflation, consumer prices1.9%1.5%
Inflation, GDP deflator1.1%4.3%
Unemployment9%21.6%
Economic Freedom Index63.369.5
Personal Freedom Index6.118.17
Human Freedom Index6.247.55
Property Rights Index66.362.5
Judical Effectiveness Index4842.7
Business Freedom Index70.480.6
Fiscal Health Index67.287.7
Labor Freedom Index3367
Investment Freedom Index6565
Financial Freedom Index7060
Trade Freedom Index78.686.2
Monetary Freedom Index7777.7
Government Spending Index72.871
Tax Burden Index71.891.5
Government Integrity Index39.242.2
Corruption Perceptions Index4337
Life expectancy at birth, years76.275.6
Suicide mortality rate, per 100,000 people2.97.9
Mortality caused by road traffic injury, per 100,000 people19.66.4
Intentional homicides, per 100,000 people2.11.5
International tourism, number of arrivals12.3M707k

Government debt & reserves

StatMoroccoNorth Macedonia
Central government debt, % of GDP65.2%39.5%
External debt stocks, % of GNI42.2%72%
External debt stocks$49B$8.7B
Short-term debt, % of total reserves30.4%40.9%
Total debt service, % of exports and primary income8.8%16.6%
Adjusted net savings including particulate emission damage, % of GNI20.9%15.4%
Gross savings, % of GDP27.7%33%
Gross capital formation, % of GDP33.5%33%
Total reserves including gold$24.5B$3.3B
Foreign direct investment net inflows$3.6B$648.7M

Exports, imports and economic structure

StatMoroccoNorth Macedonia
Exports of goods and services, % of GDP38.7%60.3%
Imports of goods and services, % of GDP49.3%72.9%
Current account balance (balance of payments)-$6.4B-$25.6M
Revenue excluding grants, % of GDP25.8%26.8%
Grants excluding technical cooperation, BoP$473.5M$133.8M
Personal remittances received$6.9B$344.5M
Industry including construction value added, % of GDP25.9%23.6%
Agriculture, forestry and fishing value added, % of GDP12.3%7.2%
Charges for the use of intellectual property, payments BoP$166.9M$188.8M
Charges for the use of intellectual property, receipts BoP$5.1M$11.8M
Expense, % of GDP24.7%27.9%
Government Expenditure, % of GDP30.1%31.1%

Compare with countries close by GDP per capita

Morocco vs

CountryGDP
per capita
Population
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M