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Economy of Morocco vs Slovakia compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $155B for Slovakia, ranking 58/197 and 60/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Morocco vs Slovakia GDP by year

Morocco
Slovakia
1x
Year GDP, current $
Morocco Slovakia
2025 $182,374,250,612 $154,530,066,507
2024 $160,610,994,055 $140,934,076,532
2023 $146,036,093,667 $133,578,518,424
2022 $131,245,312,804 $115,792,972,358
2021 $142,022,058,447 $120,511,265,913
2020 $121,353,645,057 $107,732,602,896
2019 $128,920,266,409 $105,843,498,304
2018 $127,341,147,582 $106,611,673,365
2017 $118,540,573,368 $95,978,130,735
2016 $111,572,947,005 $90,347,173,229
2015 $110,413,823,842 $89,178,548,717
2014 $119,130,841,412 $101,713,075,599
2013 $115,739,287,305 $99,134,277,850
2012 $106,937,392,311 $94,724,394,278
2011 $110,080,631,332 $99,705,104,723
2010 $100,865,329,473 $91,112,160,801
2009 $101,154,952,241 $89,342,984,698
2008 $101,822,906,949 $96,685,492,864
2007 $86,947,913,287 $77,019,443,089
2006 $75,883,823,301 $57,111,148,619
2005 $68,852,658,069 $48,823,790,951
2004 $66,114,145,451 $42,960,730,480
2003 $58,029,363,354 $33,761,723,946
2002 $47,077,192,188 $24,768,142,566
2001 $43,831,480,208 $21,377,597,035
2000 $43,017,455,402 $20,626,538,612
1999 $46,266,428,648 $20,813,421,086
1998 $46,497,608,725 $22,911,708,405
1997 $39,147,844,526 $22,026,728,498
1996 $43,161,571,528 $21,864,845,214
1995 $39,030,285,468 $20,306,095,054
1994 $35,604,137,423 $16,187,735,322
1993 $31,655,473,664 $13,991,963,247
1992 $33,711,069,431 $12,932,972,789
1991 $32,285,573,574 $11,952,983,608
1990 $30,179,954,775 $17,068,924,602
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/slovakia | CC BY

GDP per capita in Morocco vs Slovakia by year

Morocco
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $28,544 -
2024 $4,218 $10,415 $25,993 $48,132
2023 $3,872 $9,895 $24,615 $45,974
2022 $3,516 $9,310 $21,318 $41,562
2021 $3,843 $8,623 $22,123 $38,346
2020 $3,317 $7,705 $19,735 $35,328
2019 $3,560 $8,046 $19,406 $33,986
2018 $3,553 $7,801 $19,573 $31,510
2017 $3,344 $8,115 $17,646 $30,246
2016 $3,186 $7,853 $16,636 $29,868
2015 $3,190 $7,799 $16,442 $30,148
2014 $3,483 $7,237 $18,771 $29,108
2013 $3,425 $7,542 $18,313 $28,075
2012 $3,206 $7,308 $17,517 $27,023
2011 $3,345 $7,274 $18,469 $26,202
2010 $3,107 $6,849 $16,899 $25,382
2009 $3,158 $6,629 $16,587 $23,077
2008 $3,222 $6,437 $17,974 $23,714
2007 $2,788 $6,058 $14,330 $21,232
2006 $2,466 $5,781 $10,629 $18,906
2005 $2,268 $5,275 $9,087 $16,570
2004 $2,207 $5,025 $7,997 $15,166
2003 $1,962 $4,741 $6,283 $14,088
2002 $1,612 $4,436 $4,606 $13,292
2001 $1,521 $4,269 $3,974 $12,367
2000 $1,513 $3,930 $3,828 $11,370
1999 $1,651 $3,801 $3,857 $10,726
1998 $1,683 $3,740 $4,250 $10,666
1997 $1,439 $3,502 $4,092 $10,137
1996 $1,610 $3,551 $4,069 $9,500
1995 $1,478 $3,152 $3,787 $8,812
1994 $1,369 $3,315 $3,028 $8,178
1993 $1,236 $2,979 $2,627 $7,569
1992 $1,337 $2,979 $2,438 $7,270
1991 $1,302 $3,025 $2,254 $7,623
1990 $1,238 $2,777 $3,221 $8,638
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/slovakia | CC BY

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Slovakia ranks 49th at $48,132.

Economic indicators

Morocco Slovakia
Gross domestic product
$182B
2025
$155B
2025
GDP rank
58/197
2025
60/197
2025
GDP growth
4.6%
2024-2025
0.81%
2024-2025
GDP per capita
$4,746
2025
$28,544
2025
GDP per capita rank
126/197
2025
46/197
2025
GDP per capita, PPP
$10,415
2024
$48,132
2024
GDP per capita PPP rank
132/197
2024
49/197
2024
Government debt
$122B
2025
$95.3B
2025
Debt-to-GDP ratio
67.1%
2025
61.6%
2025
Government debt per person
$3,183
2025
$17,597
2025
Government debt per person rank
102/185
2025
36/185
2025
Average annual personal income after taxes
$4,045
2026
$17,518
2026
Market capitalization of domestic companies
$114B
2025
$5.38B
2014
Number of billionaires
3
2026
2
2026
Income share by richest 10%
31.9%
2013
18.8%
2023
Income share by poorest 10%
2.7%
2013
3.3%
2023
Government expenditure, % of GDP
31.3%
2025
48.7%
2025
Consumer prices inflation
0.7%
2024-2025
4%
2024-2025
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
11.8%
2022
5.4%
2025
Population
38938817
5376239

Spending and national debt comparison by year

Morocco
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Morocco Slovakia
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 48.7% 61.6%
2024 30.9% 67.7% 47.5% 59.7%
2023 30.2% 68.7% 48.2% 55.8%
2022 31.8% 71.4% 43.1% 57.8%
2021 30.1% 69.4% 44.8% 60.2%
2020 34.1% 72.2% 44.5% 58.4%
2019 27% 60.3% 40.6% 48%
2018 27.8% 60.5% 39.7% 49.3%
2017 27.9% 60.3% 39.8% 51.4%
2016 28.6% 60.1% 40.9% 52.1%
2015 28.5% 58.4% 44.1% 51.6%
2014 30.7% 58.6% 42% 53.4%
2013 30.4% 57.1% 41.1% 54.6%
2012 32.5% 52.3% 40% 51.7%
2011 31.2% 48.6% 40.8% 43.3%
2010 28.7% 45.3% 41% 40.7%
2009 28.1% 42.6% 43.2% 36.4%
2008 28.3% 42% 36.5% 28.6%
2007 26.4% 47.1% 35.9% 30.4%
2006 26% 50.6% 38.2% 31.5%
2005 28.6% 54.8% 39.1% 35%
2004 24.5% 54.4% 38.4% 42%
2003 24.1% 56.9% 40% 43.6%
2002 25.8% 59.4% 46% 45.6%
2001 23.7% 60.4% 46.2% 51.4%
2000 22.8% 64.9% 53.2% 50.6%
1999 18.4% 63.4% 48.4% 47.1%
1998 18.7% 64.5% 46.2% 33.9%
1997 18.6% 68% 48.6% 32.8%
1996 17.6% 65.3% 52.8% 30.3%
1995 21.3% 72.2% 47.8% 21.3%
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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 61.6% in Slovakia, ranking 64/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Slovakia
1x
Year Deficit/surplus, % of GDP
Morocco Slovakia
2025 -3.54% -5.02%
2024 -3.92% -5.5%
2023 -4.41% -5.3%
2022 -5.37% -1.56%
2021 -5.92% -5.09%
2020 -7.15% -5.3%
2019 -3.8% -1.21%
2018 -3.52% -1.01%
2017 -3.3% -0.98%
2016 -4.49% -2.59%
2015 -4.59% -2.78%
2014 -4.78% -3.25%
2013 -4.7% -2.86%
2012 -6.63% -4.37%
2011 -6.08% -4.36%
2010 -3.93% -7.44%
2009 -1.63% -8.18%
2008 0.63% -2.54%
2007 -0.12% -2.26%
2006 -1.8% -3.57%
2005 -5.46% -2.86%
2004 -3.31% -2.36%
2003 -3.74% -2.28%
2002 -4.37% -8.35%
2001 -3.79% -7.74%
2000 -1.97% -12.7%
1999 3.21% -7.25%
1998 1.47% -5.37%
1997 1.5% -6.24%
1996 0.87% -9.72%
1995 -2.54% -3.43%
1994 -2.51% -
1993 -2% -
1992 -1.84% -
1991 -0.9% -
1990 -1.32% -

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

GeoRank.org/economy/morocco/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Morocco recorded a fiscal deficit in 26 of those years, while Slovakia ran a deficit in 31 years. On average, Morocco posted an annual deficit equal to 3.14% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Morocco

Slovakia
1x
Year Consumer prices inflation
Morocco Slovakia
2025 0.7% 4%
2024 0.99% 2.76%
2023 6.09% 10.5%
2022 6.66% 12.8%
2021 1.4% 3.15%
2020 0.71% 1.94%
2019 0.3% 2.66%
2018 1.8% 2.51%
2017 0.75% 1.31%
2016 1.64% -0.52%
2015 1.56% -0.33%
2014 0.44% -0.08%
2013 1.88% 1.4%
2012 1.29% 3.61%
2011 0.91% 3.92%
2010 0.99% 0.96%
2009 0.97% 1.62%
2008 3.71% 4.6%
2007 2.04% 2.76%
2006 3.28% 4.48%
2005 0.98% 2.71%
2004 1.49% 7.55%
2003 1.17% 8.55%
2002 2.8% 3.13%
2001 0.62% 7.33%
2000 1.89% 12%
1999 0.68% 10.6%
1998 2.75% 6.67%
1997 1.04% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 4.44% in Slovakia. In 2025, inflation was 0.7% in Morocco and 4% in Slovakia.

Top exports between countries

Morocco
Export category Export value
Machinery & equipment $228M
Textiles & consumer goods $9.64M
Raw agricultural goods $1.58M
Chemicals & pharma $1.47M
Processed food, beverages & tobacco $1.2M
Metals $510K
Animal & marine products $305K
Raw materials & minerals $10K
Miscellaneous $7K
Wood & paper products $2K
Slovakia
Export category Export value
Machinery & equipment $313M
Textiles & consumer goods $60.4M
Wood & paper products $16.8M
Raw materials & minerals $12.9M
Chemicals & pharma $10.5M
Metals $3.84M
Animal & marine products $1.74M
Processed food, beverages & tobacco $1.37M
Transport & tourism services $1.3M
Business & finance services $433K

Balance of trade

Morocco Slovakia
Current account balance
-$4.56B
2025
-$5.6B
2025
Current account balance ranking
163/190
2025
165/190
2025
Current account balance, % of GDP
-2.5%
2025
-3.63%
2025
Goods imports
$77.2B
2025
$117B
2025
Goods exports
$43.7B
2025
$117B
2025
Service imports
$16.7B
2025
$14.3B
2025
Service exports
$33.6B
2025
$14.7B
2025
Imports of goods and services, % of GDP
51.1%
2025
85.2%
2025
Exports of goods and services, % of GDP
42%
2025
85.1%
2025

Economic freedom indices

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

Morocco Slovakia
Economic freedom 61.8 67.7
Economic freedom ranking 91/197 54/197
Property rights 55.2 82.6
Government integrity 35.6 57.2
Judicial effectiveness 32.5 70.5
Tax burden 65.5 75.4
Government spending 67.5 36.4
Fiscal health 57.5 69.6
Business freedom 72.1 71.1
Labor freedom 46.2 55.1
Monetary freedom 79.6 69.7
Trade freedom 69.8 79.4
Investment freedom 80 75
Financial freedom 80 70

Economic freedom comparison by year

Morocco
Slovakia
1x
Year Economic freedom index
Morocco Slovakia
2026 61.8 67.7
2025 60.3 68.4
2024 56.8 68.1
2023 58.4 69
2022 59.2 69.7
2021 63.3 66.3
2020 63.3 66.8
2019 62.9 65
2018 61.9 65.3
2017 61.5 65.7
2016 61.3 66.6
2015 60.1 67.2
2014 58.3 66.4
2013 59.6 68.7
2012 60.2 67
2011 59.6 69.5
2010 59.2 69.7
2009 57.7 69.4
2008 55.6 70
2007 56.4 69.6
2006 51.5 69.8
2005 52.2 66.8
2004 56.7 64.6
2003 57.8 59
2002 59 59.8
2001 63.9 58.5
2000 63.2 53.8
1999 63.8 54.2
1998 61.1 57.5
1997 64.7 55.5
1996 64.3 57.6
1995 62.8 60.4

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Slovakia
Services, % of GDP
52.3%
2025
59.8%
2025
Industry, % of GDP
25.2%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
1.59%
2025
GNI, Atlas method
$170B
2025
$143B
2025
GNI per capita, PPP
$10,960
2025
$47,920
2025
Total reserves including gold
$48.5B
2025
$18.2B
2025
Total reserves ranking
50/177
2025
69/177
2025
Net foreign direct investment
-$2.51B
2025
-$198M
2025
Net inflows of foreign direct investment
$1.75B
2024
$5.01B
2024
Net outflows of foreign direct investment
$679M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
n/a
Poverty at national poverty lines
3.9%
2022
13.7%
2021
Gross capital formation, % of GDP
31.9%
2025
20.1%
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/slovakia | 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 (2023–2025, 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.