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Economy of Morocco vs Qatar compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $216B for Qatar, ranking 58/197 and 56/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Morocco vs Qatar GDP by year

Morocco
Qatar
1x
Year GDP, current $
Morocco Qatar
2025 $182,374,250,612 $215,559,615,385
2024 $160,610,994,055 $216,294,505,495
2023 $146,036,093,667 $213,002,809,341
2022 $131,245,312,804 $235,709,325,714
2021 $142,022,058,447 $179,732,009,560
2020 $121,353,645,057 $144,411,363,352
2019 $128,920,266,409 $176,371,267,692
2018 $127,341,147,582 $183,334,953,819
2017 $118,540,573,368 $161,099,122,225
2016 $111,572,947,005 $151,732,181,868
2015 $110,413,823,842 $161,739,955,577
2014 $119,130,841,412 $206,224,598,571
2013 $115,739,287,305 $198,727,642,967
2012 $106,937,392,311 $186,833,502,363
2011 $110,080,631,332 $167,775,274,725
2010 $100,865,329,473 $125,122,252,747
2009 $101,154,952,241 $97,798,351,648
2008 $101,822,906,949 $115,269,780,220
2007 $86,947,913,287 $79,711,813,187
2006 $75,883,823,301 $60,882,142,857
2005 $68,852,658,069 $44,530,494,505
2004 $66,114,145,451 $31,734,065,934
2003 $58,029,363,354 $23,533,791,209
2002 $47,077,192,188 $19,363,736,264
2001 $43,831,480,208 $17,538,461,538
2000 $43,017,455,402 $17,759,890,110
1999 $46,266,428,648 $12,393,131,868
1998 $46,497,608,725 $10,255,494,505
1997 $39,147,844,526 $11,297,802,198
1996 $43,161,571,528 $9,059,340,659
1995 $39,030,285,468 $8,137,912,088
1994 $35,604,137,423 $7,374,450,549
1993 $31,655,473,664 $7,156,593,407
1992 $33,711,069,431 $7,646,153,846
1991 $32,285,573,574 $6,883,516,484
1990 $30,179,954,775 $7,360,439,560
1989 $26,314,313,191 $6,487,912,088
1988 $25,705,296,184 $6,038,186,813
1987 $21,765,195,948 $5,446,428,571
1986 $19,462,085,540 $5,053,021,978
1985 $14,991,283,216 $6,153,296,703
1984 $14,824,667,954 $6,870,329,670
1983 $16,251,408,128 $6,484,890,110
1982 $17,692,276,734 $7,611,263,736
1981 $17,788,185,479 $8,672,527,473
1980 $21,728,516,153 $7,837,915,956
1979 $15,911,994,817 $5,632,962,997
1978 $13,236,946,234 $4,052,000,413
1977 $11,049,783,872 $3,617,564,638
1976 $9,584,297,284 $3,284,273,987
1975 $8,984,853,005 $2,512,773,166
1974 $7,675,466,449 $2,401,403,227
1973 $6,242,145,880 $793,885,560
1972 $5,074,117,545 $510,262,500
1971 $4,356,669,034 $387,703,106
1970 $3,956,336,244 $301,791,302
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/qatar | CC BY

GDP per capita in Morocco vs Qatar by year

Morocco
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $72,525 -
2024 $4,218 $10,415 $75,685 $126,046
2023 $3,872 $9,895 $80,196 $129,368
2022 $3,516 $9,310 $88,701 $122,921
2021 $3,843 $8,623 $71,752 $116,833
2020 $3,317 $7,705 $51,684 $82,149
2019 $3,560 $8,046 $66,841 $107,503
2018 $3,553 $7,801 $71,040 $110,033
2017 $3,344 $8,115 $63,280 $99,358
2016 $3,186 $7,853 $61,254 $89,935
2015 $3,190 $7,799 $68,985 $102,546
2014 $3,483 $7,237 $95,841 $148,389
2013 $3,425 $7,542 $103,697 $169,203
2012 $3,206 $7,308 $108,470 $180,939
2011 $3,345 $7,274 $103,262 $174,620
2010 $3,107 $6,849 $77,387 $151,646
2009 $3,158 $6,629 $60,786 $125,898
2008 $3,222 $6,437 $80,781 $126,015
2007 $2,788 $6,058 $65,954 $124,056
2006 $2,466 $5,781 $62,582 $127,181
2005 $2,268 $5,275 $53,950 $115,250
2004 $2,207 $5,025 $41,036 $110,958
2003 $1,962 $4,741 $31,602 $94,120
2002 $1,612 $4,436 $27,227 $93,177
2001 $1,521 $4,269 $25,871 $89,805
2000 $1,513 $3,930 $27,535 $88,849
1999 $1,651 $3,801 $20,234 $84,690
1998 $1,683 $3,740 $17,665 $84,486
1997 $1,439 $3,502 $20,523 $79,219
1996 $1,610 $3,551 $17,125 $62,331
1995 $1,478 $3,152 $15,823 $60,321
1994 $1,369 $3,315 $14,765 $59,415
1993 $1,236 $2,979 $14,770 $59,125
1992 $1,337 $2,979 $16,280 $60,387
1991 $1,302 $3,025 $15,133 $54,759
1990 $1,238 $2,777 $16,722 $55,659
1989 $1,099 - $15,243 -
1988 $1,094 - $14,682 -
1987 $944 - $13,719 -
1986 $861 - $13,213 -
1985 $678 - $16,815 -
1984 $687 - $19,749 -
1983 $772 - $19,669 -
1982 $862 - $24,431 -
1981 $890 - $29,543 -
1980 $1,117 - $28,407 -
1979 $839 - $21,777 -
1978 $716 - $16,757 -
1977 $613 - $16,058 -
1976 $545 - $15,710 -
1975 $524 - $13,014 -
1974 $459 - $13,540 -
1973 $382 - $4,905 -
1972 $319 - $3,483 -
1971 $280.6 - $2,952 -
1970 $261.5 - $2,594 -
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/qatar | CC BY

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Qatar ranks 5th at $126,046.

Economic indicators

Morocco Qatar
Gross domestic product
$182B
2025
$216B
2025
GDP rank
58/197
2025
56/197
2025
GDP growth
4.6%
2024-2025
2.9%
2024-2025
GDP per capita
$4,746
2025
$72,525
2025
GDP per capita rank
126/197
2025
13/197
2025
GDP per capita, PPP
$10,415
2024
$126,046
2024
GDP per capita PPP rank
132/197
2024
5/197
2024
Government debt
$122B
2025
$89.2B
2025
Debt-to-GDP ratio
67.1%
2025
41.4%
2025
Government debt per person
$3,183
2025
$30,009
2025
Government debt per person rank
102/185
2025
24/185
2025
Average annual personal income after taxes
$4,045
2026
$37,042
2026
Market capitalization of domestic companies
$114B
2025
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires
3
2026
2
2026
Income share by richest 10%
31.9%
2013
25.8%
2017
Income share by poorest 10%
2.7%
2013
2.6%
2017
Government expenditure, % of GDP
31.3%
2025
27.1%
2025
Consumer prices inflation
0.7%
2024-2025
0.6%
2024-2025
Central bank interest rate
2.25%
2025
4.1%
2025
Unemployment rate
11.8%
2022
0.1%
2024
Population
38938817
3058826

Spending and national debt comparison by year

Morocco
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Morocco Qatar
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 27.1% 41.4%
2024 30.9% 67.7% 26% 41.3%
2023 30.2% 68.7% 26.7% 42.8%
2022 31.8% 71.4% 24.3% 42.6%
2021 30.1% 69.4% 29.4% 58.4%
2020 34.1% 72.2% 34.7% 72.6%
2019 27% 60.3% 32.5% 62.1%
2018 27.8% 60.5% 28.9% 52.2%
2017 27.9% 60.3% 34.7% 51.6%
2016 28.6% 60.1% 40.1% 46.7%
2015 28.5% 58.4% 38.6% 35.5%
2014 30.7% 58.6% 32.3% 24.9%
2013 30.4% 57.1% 28.3% 30.9%
2012 32.5% 52.3% 31% 32.1%
2011 31.2% 48.6% 28.5% 33.5%
2010 28.7% 45.3% 32% 30.4%
2009 28.1% 42.6% 36.4% 36%
2008 28.3% 42% 23.5% 11.4%
2007 26.4% 47.1% 29.5% 9.37%
2006 26% 50.6% 29.5% 13.9%
2005 28.6% 54.8% 29% 19.1%
2004 24.5% 54.4% 29.9% 30.1%
2003 24.1% 56.9% 28.5% 38.8%
2002 25.8% 59.4% 31.6% 47.7%
2001 23.7% 60.4% 32.1% 59.2%
2000 22.8% 64.9% 29.8% 51.6%
1999 18.4% 63.4% 42.4% 81.8%
1998 18.7% 64.5% 55.1% 76.6%
1997 18.6% 68% 47.6% 54.4%
1996 17.6% 65.3% 55.2% 57.8%
1995 21.3% 72.2% 52.2% 50.2%
1994 21.7% 69.3% 59.8% 54.8%
1993 23.1% 74.7% 62.8% 46.3%
1992 22.3% 67% 54.2% 19.9%
1991 20.8% 59.1% 57.5% 21.8%
1990 22.6% 70.5% 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 41.4% in Qatar, ranking 64/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Qatar
1x
Year Deficit/surplus, % of GDP
Morocco Qatar
2025 -3.54% -1%
2024 -3.92% 0.71%
2023 -4.41% 5.51%
2022 -5.37% 10.4%
2021 -5.92% 0.24%
2020 -7.15% -2.13%
2019 -3.8% 1%
2018 -3.52% 2.26%
2017 -3.3% -6.82%
2016 -4.49% -9.2%
2015 -4.59% 18.4%
2014 -4.78% 13.4%
2013 -4.7% 19.3%
2012 -6.63% 8.55%
2011 -6.08% 5.24%
2010 -3.93% 4.6%
2009 -1.63% 14.1%
2008 0.63% 9.49%
2007 -0.12% 10.3%
2006 -1.8% 8.39%
2005 -5.46% 9.8%
2004 -3.31% 17.7%
2003 -3.74% 6.71%
2002 -4.37% 7.89%
2001 -3.79% 4.48%
2000 -1.97% 4.62%
1999 3.21% -4.35%
1998 1.47% -7%
1997 1.5% -9.4%
1996 0.87% -8.73%
1995 -2.54% -5.78%
1994 -2.51% -11.8%
1993 -2% -9.53%
1992 -1.84% -2.74%
1991 -0.9% -2.57%
1990 -1.32% 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/morocco/qatar | 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 Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Morocco recorded a fiscal deficit in 31 of those years, while Qatar ran a deficit in 13 years. On average, Morocco posted an annual deficit equal to 2.94% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Morocco

Qatar
1x
Year Consumer prices inflation
Morocco Qatar
2025 0.7% 0.6%
2024 0.99% 1.2%
2023 6.09% 3.1%
2022 6.66% 5%
2021 1.4% 2.3%
2020 0.71% -2.5%
2019 0.3% -0.9%
2018 1.8% 0.1%
2017 0.75% 0.6%
2016 1.64% 2.7%
2015 1.56% 0.9%
2014 0.44% 4.2%
2013 1.88% 3.1%
2012 1.29% 1.8%
2011 0.91% 2%
2010 0.99% -2.4%
2009 0.97% -4.9%
2008 3.71% 15.1%
2007 2.04% 13.7%
2006 3.28% 11.7%
2005 0.98% 9%
2004 1.49% 6.8%
2003 1.17% 2.3%
2002 2.8% 0.2%
2001 0.62% 1.7%
2000 1.89% 1.6%
1999 0.68% 2.2%
1998 2.75% 2.9%
1997 1.04% 2.7%

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/qatar | CC BY

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 2.99% in Qatar. In 2025, inflation was 0.7% in Morocco and 0.6% in Qatar.

Top exports between countries

Morocco
Export category Export value
Raw agricultural goods $8.45M
Processed food, beverages & tobacco $2.96M
Textiles & consumer goods $1.6M
Machinery & equipment $1.33M
Animal & marine products $496K
Raw materials & minerals $479K
Chemicals & pharma $209K
Precious metals & jewellery $83K
Wood & paper products $56K
Metals $42K
Qatar
Export category Export value
Metals $78.2M
Machinery & equipment $60.1M
Chemicals & pharma $45.7M
Raw materials & minerals $41.5M
Precious metals & jewellery $2.66M
Textiles & consumer goods $1.68M
Animal & marine products $566K
Processed food, beverages & tobacco $137K
Miscellaneous $82K
Wood & paper products $21K

Balance of trade

Morocco Qatar
Current account balance
-$4.56B
2025
$31.9B
2025
Current account balance ranking
163/190
2025
17/190
2025
Current account balance, % of GDP
-2.5%
2025
+14.8%
2025
Goods imports
$77.2B
2025
$34.3B
2025
Goods exports
$43.7B
2025
$90B
2025
Service imports
$16.7B
2025
$31.3B
2025
Service exports
$33.6B
2025
$24.4B
2025
Imports of goods and services, % of GDP
51.1%
2025
31.6%
2022
Exports of goods and services, % of GDP
42%
2025
68.6%
2022

Economic freedom indices

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

Morocco Qatar
Economic freedom 61.8 70.2
Economic freedom ranking 91/197 37/197
Property rights 55.2 66.2
Government integrity 35.6 53.5
Judicial effectiveness 32.5 41.5
Tax burden 65.5 99.9
Government spending 67.5 79.9
Fiscal health 57.5 96.6
Business freedom 72.1 68
Labor freedom 46.2 58.5
Monetary freedom 79.6 76
Trade freedom 69.8 81.8
Investment freedom 80 60
Financial freedom 80 60

Economic freedom comparison by year

Morocco
Qatar
1x
Year Economic freedom index
Morocco Qatar
2026 61.8 70.2
2025 60.3 70.2
2024 56.8 68.8
2023 58.4 68.6
2022 59.2 67.7
2021 63.3 72
2020 63.3 72.3
2019 62.9 72.6
2018 61.9 72.6
2017 61.5 73.1
2016 61.3 70.7
2015 60.1 70.8
2014 58.3 71.2
2013 59.6 71.3
2012 60.2 71.3
2011 59.6 70.5
2010 59.2 69
2009 57.7 65.8
2008 55.6 62.2
2007 56.4 62.9
2006 51.5 62.4
2005 52.2 63.5
2004 56.7 66.5
2003 57.8 65.9
2002 59 61.9
2001 63.9 60
2000 63.2 62
1999 63.8 62
1998 61.1 -
1997 64.7 -
1996 64.3 -
1995 62.8 -

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Qatar
Services, % of GDP
52.3%
2025
47%
2025
Industry, % of GDP
25.2%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
0.31%
2025
GNI, Atlas method
$170B
2025
$221B
2025
GNI per capita, PPP
$10,960
2025
$126,290
2025
Total reserves including gold
$48.5B
2025
$55.8B
2025
Total reserves ranking
50/177
2025
45/177
2025
Net foreign direct investment
-$2.51B
2025
$311M
2025
Net inflows of foreign direct investment
$1.75B
2024
$460M
2024
Net outflows of foreign direct investment
$679M
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
n/a
Poverty at national poverty lines
3.9%
2022
n/a
Gross capital formation, % of GDP
31.9%
2025
30.6%
2022

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/qatar | 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. TradeMap (2024–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.