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Morocco vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Morocco ranked 60th with $117.9B. By GDP 5-years average growth and GDP per capita, South Korea and Morocco ranked 93rd vs 87th and 33rd vs 130th, respectively.

Gross Domestic Product & Income

StatMoroccoSouth Korea
GDP$117.9B$1.6T
GDP growth, 1 year3.1%2.7%
GDP growth, 5-years average3.1%3%
Population36M51.1M
GDP per capita$3.2k$31k
GDP per capita growth1.65%2.33%
Purchasing Power Parity conversion factor3.51860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.78
GDP per capita, PPP adjusted$8.9k$41k
GNI, Atlas method$112.9B$1.6T
GNI per capita$3.1k$31k
GNI, PPP adjusted$308.5B$2.1T
GNI per capita, PPP adjusted$8.4k$40k

Financial system and Human development

StatMoroccoSouth Korea
Income Tax Rate38%42%
Corporate Tax Rate30%25%
Inflation, consumer prices1.9%1.5%
Inflation, GDP deflator1.1%0.3%
Unemployment9%3.8%
Economic Freedom Index63.374
Personal Freedom Index6.118.84
Human Freedom Index6.248.15
Property Rights Index66.382.5
Judical Effectiveness Index4861
Business Freedom Index70.490.5
Fiscal Health Index67.296.7
Labor Freedom Index3356.2
Investment Freedom Index6570
Financial Freedom Index7070
Trade Freedom Index78.680
Monetary Freedom Index7782.1
Government Spending Index72.867.7
Tax Burden Index71.863.9
Government Integrity Index39.267.5
Corruption Perceptions Index4357
Life expectancy at birth, years76.282.6
Suicide mortality rate, per 100,000 people2.926.9
Mortality caused by road traffic injury, per 100,000 people19.69.8
Intentional homicides, per 100,000 people2.10.6
International tourism, number of arrivals12.3M15.3M

Government debt & reserves

StatMoroccoSouth Korea
Central government debt, % of GDP65.2%40.7%
External debt stocks, % of GNI42.2%N/A
External debt stocks$49BN/A
Short-term debt, % of total reserves30.4%N/A
Total debt service, % of exports and primary income8.8%N/A
Adjusted net savings including particulate emission damage, % of GNI20.9%20.1%
Gross savings, % of GDP27.7%34.7%
Gross capital formation, % of GDP33.5%30.2%
Total reserves including gold$24.5B$403.1B
Foreign direct investment net inflows$3.6B$14.5B

Exports, imports and economic structure

StatMoroccoSouth Korea
Exports of goods and services, % of GDP38.7%44%
Imports of goods and services, % of GDP49.3%39%
Current account balance (balance of payments)-$6.4B$76.4B
Revenue excluding grants, % of GDP25.8%27.8%
Grants excluding technical cooperation, BoP$473.5M$6.7M
Personal remittances received$6.9B$7.1B
Industry including construction value added, % of GDP25.9%35.1%
Agriculture, forestry and fishing value added, % of GDP12.3%2%
Charges for the use of intellectual property, payments BoP$166.9M$9.9B
Charges for the use of intellectual property, receipts BoP$5.1M$7.8B
Expense, % of GDP24.7%25.4%
Government Expenditure, % of GDP30.1%32.8%

Compare with countries close by GDP per capita

Morocco vs

CountryGDP
per capita
Population
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k