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Economy of Morocco vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $6.97B for Sierra Leone, ranking 58/197 and 160/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Morocco vs Sierra Leone GDP by year

Morocco
Sierra Leone
1x
Year GDP, current $
Morocco Sierra Leone
2024 $160,610,994,055 $6,971,127,235
2023 $146,036,093,667 $6,415,852,767
2022 $131,245,312,804 $7,121,125,278
2021 $142,022,058,447 $7,166,931,485
2020 $121,353,645,057 $6,688,307,703
2019 $128,920,266,409 $6,523,577,594
2018 $127,341,147,582 $6,390,514,689
2017 $118,540,573,368 $5,749,846,528
2016 $111,572,947,005 $6,084,297,211
2015 $110,413,823,842 $6,788,352,975
2014 $119,130,841,412 $7,686,138,791
2013 $115,739,287,305 $7,502,762,863
2012 $106,937,392,311 $6,141,666,509
2011 $110,080,631,332 $4,861,632,885
2010 $100,865,329,473 $4,262,805,967
2009 $101,154,952,241 $3,953,403,098
2008 $101,822,906,949 $4,157,895,298
2007 $86,947,913,287 $3,632,957,611
2006 $75,883,823,301 $3,263,697,467
2005 $68,852,658,069 $2,545,275,313
2004 $66,114,145,451 $2,237,350,687
2003 $58,029,363,354 $2,142,618,046
2002 $47,077,192,188 $1,933,863,911
2001 $43,831,480,208 $1,681,473,894
2000 $43,017,455,402 $635,866,404
1999 $46,266,428,648 $669,386,624
1998 $46,497,608,725 $672,368,187
1997 $39,147,844,526 $850,232,760
1996 $43,161,571,528 $941,709,423
1995 $39,030,285,468 $870,740,292
1994 $35,604,137,423 $911,853,802
1993 $31,655,473,664 $768,867,883
1992 $33,711,069,431 $679,940,814
1991 $32,285,573,574 $779,981,987
1990 $30,179,954,775 $649,644,098
1989 $26,314,313,191 $932,974,420
1988 $25,705,296,184 $1,055,083,933
1987 $21,765,195,948 $660,106,336
1986 $19,462,085,540 $490,181,457
1985 $14,991,283,216 $856,890,459
1984 $14,824,667,954 $1,087,471,862
1983 $16,251,408,128 $995,104,305
1982 $17,692,276,734 $1,295,361,886
1981 $17,788,185,479 $1,114,830,472
1980 $21,728,516,153 $1,100,685,845
1979 $15,911,994,817 $1,109,374,911
1978 $13,236,946,234 $960,728,339
1977 $11,049,783,872 $691,777,584
1976 $9,584,297,284 $594,895,942
1975 $8,984,853,005 $679,336,344
1974 $7,675,466,449 $648,590,643
1973 $6,242,145,880 $575,230,724
1972 $5,074,117,545 $465,381,340
1971 $4,356,669,034 $419,549,305
1970 $3,956,336,244 $434,410,974
1969 $3,651,622,669 $408,690,163
1968 $3,271,422,333 $329,859,732
1967 $3,046,345,314 $348,795,303
1966 $2,876,401,297 $375,479,850
1965 $2,948,331,090 $359,379,856
1964 $2,798,345,299 $371,847,461
1963 $2,657,252,578 $348,547,279
1962 $2,379,611,125 $342,721,416
1961 $2,025,693,540 $327,834,191
1960 $2,037,154,742 $322,009,962

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

GeoRank.org/economy/morocco/sierra-leone | CC BY

GDP per capita in Morocco vs Sierra Leone by year

Morocco
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 $807 $3,522
2023 $3,872 $9,895 $758 $3,368
2022 $3,516 $9,310 $860 $3,144
2021 $3,843 $8,623 $885 $2,849
2020 $3,317 $7,705 $845 $2,719
2019 $3,560 $8,046 $844 $2,704
2018 $3,553 $7,801 $846 $2,640
2017 $3,344 $8,115 $779 $2,501
2016 $3,186 $7,853 $844 $2,635
2015 $3,190 $7,799 $965 $2,560
2014 $3,483 $7,237 $1,118 $2,762
2013 $3,425 $7,542 $1,117 $2,701
2012 $3,206 $7,308 $938 $2,317
2011 $3,345 $7,274 $761 $2,043
2010 $3,107 $6,849 $685 $1,900
2009 $3,158 $6,629 $653 $1,814
2008 $3,222 $6,437 $705 $1,824
2007 $2,788 $6,058 $632 $1,770
2006 $2,466 $5,781 $580 $1,698
2005 $2,268 $5,275 $463 $1,615
2004 $2,207 $5,025 $418 $1,541
2003 $1,962 $4,741 $414 $1,458
2002 $1,612 $4,436 $389 $1,360
2001 $1,521 $4,269 $358 $1,121
2000 $1,513 $3,930 $143.7 $1,242
1999 $1,651 $3,801 $155 $1,167
1998 $1,683 $3,740 $156.5 $1,180
1997 $1,439 $3,502 $199.9 $1,157
1996 $1,610 $3,551 $224.3 $1,225
1995 $1,478 $3,152 $208.4 $1,187
1994 $1,369 $3,315 $218.5 $1,266
1993 $1,236 $2,979 $185 $1,269
1992 $1,337 $2,979 $163.2 $1,220
1991 $1,302 $3,025 $183.7 $1,445
1990 $1,238 $2,777 $154.8 $1,382
1989 $1,099 - $231.3 -
1988 $1,094 - $268.2 -
1987 $944 - $172.4 -
1986 $861 - $131.5 -
1985 $678 - $235.5 -
1984 $687 - $306 -
1983 $772 - $285.8 -
1982 $862 - $380 -
1981 $890 - $334 -
1980 $1,117 - $336 -
1979 $839 - $346 -
1978 $716 - $305 -
1977 $613 - $224.2 -
1976 $545 - $196.4 -
1975 $524 - $228.4 -
1974 $459 - $222.1 -
1973 $382 - $200.6 -
1972 $319 - $165.4 -
1971 $280.6 - $151.8 -
1970 $261.5 - $160.2 -
1969 $247.8 - $153.6 -
1968 $228 - $126.3 -
1967 $218.1 - $136.1 -
1966 $211.5 - $149.3 -
1965 $222.7 - $145.6 -
1964 $216.9 - $153.4 -
1963 $211.3 - $146.3 -
1962 $194.2 - $146.3 -
1961 $169.8 - $142.3 -
1960 $175.2 - $142 -

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

GeoRank.org/economy/morocco/sierra-leone | CC BY

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Morocco Sierra Leone
Gross domestic product
$161B
2024
$6.97B
2024
GDP rank
58/197
2024
160/197
2024
GDP growth
3.79%
2023-2024
4.29%
2023-2024
GDP per capita
$4,218
2024
$807
2024
GDP per capita rank
127/197
2024
186/197
2024
GDP per capita, PPP
$10,415
2024
$3,522
2024
GDP per capita PPP rank
132/197
2024
171/197
2024
Government debt
$109B
2024
$2.91B
2024
Debt-to-GDP ratio
67.7%
2024
41.7%
2024
Government debt per person
$2,857
2024
$337
2024
Government debt per person rank
104/185
2024
174/185
2024
Average annual personal income after taxes
$5,678
2026
$2,915
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
29.4%
2018
Income share by poorest 10%
2.7%
2013
3.4%
2018
Government expenditure, % of GDP
33%
2024
15.6%
2024
Consumer prices inflation
0.99%
2023-2024
28.4%
2023-2024
Central bank interest rate
2.25%
2025
18.8%
2025
Unemployment rate
11.8%
2022
3.19%
2018
Population
38871720
9049533

Spending and national debt comparison by year

Morocco
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Morocco Sierra Leone
Government spending Government debt Government spending Government debt
2024 33% 67.7% 15.6% 41.7%
2023 32% 68.7% 15.4% 49.5%
2022 33.7% 71.4% 16.7% 54%
2021 31% 69.4% 16.8% 47.1%
2020 34.1% 72.2% 15.6% 46.4%
2019 27.6% 60.3% 13.3% 45.3%
2018 27.8% 60.5% 13.7% 44.2%
2017 27.9% 60.3% 15% 44.2%
2016 28.6% 60.1% 14.9% 38.9%
2015 28.5% 58.4% 13.1% 28.4%
2014 30.7% 58.6% 13.5% 26.8%
2013 30.4% 57.1% 11.4% 22.3%
2012 32.5% 52.3% 13.5% 24.1%
2011 31.2% 48.6% 13.2% 25.8%
2010 28.7% 45.3% 12.5% 28.9%
2009 28.1% 42.6% 11.3% 31.1%
2008 28.3% 42% 10.3% 46.1%
2007 26.4% 47.1% 8.1% 26.4%
2006 26% 50.6% 9.97% 61.9%
2005 28.6% 54.8% 10.9% 78.9%
2004 24.5% 54.4% 11.1% 93.2%
2003 24.1% 56.9% 11.7% 99.8%
2002 25.8% 59.4% 12.6% 99.8%
2001 23.7% 60.4% 12% 113.5%
2000 22.8% 64.9% 10.3% -
1999 18.4% 63.4% - -
1998 18.7% 64.5% - -
1997 18.6% 68% - -
1996 17.6% 65.3% - -
1995 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/morocco/sierra-leone | CC BY

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 41.7% in Sierra Leone, ranking 60/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Morocco Sierra Leone
2024 -3.92% -4.53%
2023 -4.41% -4.99%
2022 -5.37% -5.93%
2021 -5.92% -4.35%
2020 -7.15% -3.5%
2019 -3.8% -1.95%
2018 -3.52% -3.57%
2017 -3.3% -5.61%
2016 -4.49% -5.41%
2015 -4.59% -2.86%
2014 -4.78% -2.77%
2013 -4.7% -1.74%
2012 -6.63% -3.41%
2011 -6.08% -2.78%
2010 -3.93% -3.09%
2009 -1.63% -1.51%
2008 0.63% -2.22%
2007 -0.12% 12.6%
2006 -1.8% -0.93%
2005 -5.46% -1.17%
2004 -3.31% -1.46%
2003 -3.74% -2.78%
2002 -4.37% -3.03%
2001 -3.79% -3.22%
2000 -1.97% -1.94%
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/morocco/sierra-leone | 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 Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Morocco recorded a fiscal deficit in 24 of those years, while Sierra Leone ran a deficit in 24 years. On average, Morocco posted an annual deficit equal to 3.93% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Morocco

Sierra Leone
1x
Year Consumer prices inflation
Morocco Sierra Leone
2024 0.99% 28.4%
2023 6.09% 47.7%
2022 6.66% 27.2%
2021 1.4% 11.9%
2020 0.71% 13.4%
2019 0.3% 14.8%
2018 1.8% 16%
2017 0.75% 18.2%
2016 1.64% 10.9%
2015 1.56% 6.7%
2014 0.44% 4.6%
2013 1.88% 5.5%
2012 1.29% 6.6%
2011 0.91% 6.8%
2010 0.99% 7.2%
2009 0.97% 7.5%
2008 3.71% 8.2%
2007 2.04% 17%
2006 3.28% 10.5%
2005 0.98% 13.7%
2004 1.49% 12.9%
2003 1.17% 4%
2002 2.8% 0.1%
2001 0.62% 2.6%
2000 1.89% -0.9%
1999 0.68% 34.1%
1998 2.75% 36%
1997 1.04% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/morocco/sierra-leone | CC BY

Over the past 28 years, Morocco has recorded an average annual inflation rate of 1.82%, compared with 13.8% in Sierra Leone. In 2024, inflation was 0.99% in Morocco and 28.4% in Sierra Leone.

Top exports between countries

Morocco
Export category Export value
Processed food, beverages & tobacco $9.61M
Machinery & equipment $1.77M
Raw materials & minerals $1.54M
Metals $1.39M
Animal & marine products $1.23M
Textiles & consumer goods $222K
Chemicals & pharma $221K
Wood & paper products $76K
Raw agricultural goods $5K
Sierra Leone
Export category Export value
Processed food, beverages & tobacco $66K
Machinery & equipment $50K
Wood & paper products $5K

Balance of trade

Morocco Sierra Leone
Current account balance
-$1.87B
2024
-$606M
2023
Current account balance ranking
141/190
2024
109/190
2023
Current account balance, % of GDP
-1.16%
2024
-9.45%
2023
Goods imports
$66.5B
2024
$1.92B
2023
Goods exports
$39.3B
2024
$1.34B
2023
Service imports
$14.3B
2024
$348M
2023
Service exports
$28.2B
2024
$42.5M
2023
Imports of goods and services, % of GDP
50.2%
2024
23.3%
2024
Exports of goods and services, % of GDP
42%
2024
17.3%
2024

Economic freedom indices

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

Morocco Sierra Leone
Economic freedom 61.8 49.6
Economic freedom ranking 91/197 165/197
Property rights 55.2 32.9
Government integrity 35.6 35.8
Judicial effectiveness 32.5 42
Tax burden 65.5 88.2
Government spending 67.5 92.4
Fiscal health 57.5 54.1
Business freedom 72.1 44.8
Labor freedom 46.2 38.2
Monetary freedom 79.6 53.6
Trade freedom 69.8 63.6
Investment freedom 80 30
Financial freedom 80 20

Economic freedom comparison by year

Morocco
Sierra Leone
1x
Year Economic freedom index
Morocco Sierra Leone
2026 61.8 49.6
2025 60.3 48
2024 56.8 44.6
2023 58.4 50.2
2022 59.2 52
2021 63.3 51.7
2020 63.3 48
2019 62.9 47.5
2018 61.9 51.8
2017 61.5 52.6
2016 61.3 52.3
2015 60.1 51.7
2014 58.3 50.5
2013 59.6 48.3
2012 60.2 49.1
2011 59.6 49.6
2010 59.2 47.9
2009 57.7 47.8
2008 55.6 48.3
2007 56.4 47
2006 51.5 45.2
2005 52.2 44.8
2004 56.7 43.6
2003 57.8 42.2
2002 59 -
2001 63.9 -
2000 63.2 44.2
1999 63.8 47.2
1998 61.1 47.7
1997 64.7 45
1996 64.3 52.3
1995 62.8 49.8

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

GeoRank.org/economy/morocco/sierra-leone | CC BY

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Sierra Leone
Services, % of GDP
52.7%
2024
42.6%
2024
Industry, % of GDP
25.6%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
29.2%
2024
GNI, Atlas method
$149B
2024
$7.08B
2024
GNI per capita, PPP
$10,260
2024
$3,490
2024
Total reserves including gold
$37.1B
2024
$433M
2024
Total reserves ranking
52/177
2024
160/177
2024
Net foreign direct investment
-$948M
2024
-$241M
2023
Net inflows of foreign direct investment
$1.64B
2024
$122M
2024
Net outflows of foreign direct investment
$691M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
2.22%
2024
Poverty at national poverty lines
3.9%
2022
56.8%
2018
Gross capital formation, % of GDP
30.1%
2024
20.5%
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/sierra-leone | 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 (2018–2023, 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.