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Economy of Morocco vs Syria compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $20B for Syria, ranking 58/197 and 129/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $18.4B (30% of GDP) in Syria.

Morocco vs Syria GDP by year

Morocco
Syria
1x
Year GDP, current $
Morocco Syria
2024 $160,610,994,055 -
2023 $146,036,093,667 $19,993,439,950
2022 $131,245,312,804 $23,622,827,080
2021 $142,022,058,447 $14,353,205,678
2020 $121,353,645,057 $12,047,752,036
2019 $128,920,266,409 $22,583,045,060
2018 $127,341,147,582 $21,497,782,868
2017 $118,540,573,368 $16,369,843,352
2016 $111,572,947,005 $12,597,854,877
2015 $110,413,823,842 $16,466,863,117
2014 $119,130,841,412 $21,502,061,466
2013 $115,739,287,305 $21,361,254,635
2012 $106,937,392,311 $43,190,318,033
2011 $110,080,631,332 $67,539,428,159
2010 $100,865,329,473 $61,390,830,875
2009 $101,154,952,241 $54,111,735,629
2008 $101,822,906,949 $52,557,913,569
2007 $86,947,913,287 $40,465,318,382
2006 $75,883,823,301 $33,751,788,856
2005 $68,852,658,069 $28,858,965,517
2004 $66,114,145,451 $25,086,950,495
2003 $58,029,363,354 $21,828,144,686
2002 $47,077,192,188 $20,669,357,462
2001 $43,831,480,208 $20,237,024,725
2000 $43,017,455,402 $18,937,052,543
1999 $46,266,428,648 $15,873,875,969
1998 $46,497,608,725 $15,200,846,154
1997 $39,147,844,526 $14,505,233,463
1996 $43,161,571,528 $13,789,560,878
1995 $39,030,285,468 $11,396,706,587
1994 $35,604,137,423 $10,122,020,000
1993 $31,655,473,664 $13,695,962,055
1992 $33,711,069,431 $13,253,565,861
1991 $32,285,573,574 $12,981,833,333
1990 $30,179,954,775 $12,308,624,418
1989 $26,314,313,191 $9,853,395,762
1988 $25,705,296,184 $10,577,041,645
1987 $21,765,195,948 $11,356,215,543
1986 $19,462,085,540 $13,293,205,278
1985 $14,991,283,216 $16,403,539,893
1984 $14,824,667,954 $17,503,078,174
1983 $16,251,408,128 $17,589,277,143
1982 $17,692,276,734 $16,298,929,011
1981 $17,788,185,479 $15,518,201,335
1980 $21,728,516,153 $13,062,420,382
1979 $15,911,994,817 $9,929,681,529
1978 $13,236,946,234 $9,275,200,458
1977 $11,049,783,872 $7,696,011,396
1976 $9,584,297,284 $7,633,528,867
1975 $8,984,853,005 $6,826,980,444
1974 $7,675,466,449 $5,159,557,148
1973 $6,242,145,880 $3,239,487,516
1972 $5,074,117,545 $3,059,681,698
1971 $4,356,669,034 $2,589,851,325
1970 $3,956,336,244 $2,140,384,010
1969 $3,651,622,669 $2,245,011,515
1968 $3,271,422,333 $1,753,746,430
1967 $3,046,345,314 $1,580,229,799
1966 $2,876,401,297 $1,342,287,553
1965 $2,948,331,090 $1,472,036,540
1964 $2,798,345,299 $1,339,494,267
1963 $2,657,252,578 $1,200,447,408
1962 $2,379,611,125 $1,110,565,881
1961 $2,025,693,540 $945,244,972
1960 $2,037,154,742 $857,704,413

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

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

GDP per capita in Morocco vs Syria by year

Morocco
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 - -
2023 $3,872 $9,895 $847 $4,650
2022 $3,516 $9,310 $1,052 $4,772
2021 $3,843 $8,623 $664 $4,593
2020 $3,317 $7,705 $572 $3,738
2019 $3,560 $8,046 $1,110 $3,502
2018 $3,553 $7,801 $1,098 $3,456
2017 $3,344 $8,115 $852 $3,265
2016 $3,186 $7,853 $656 -
2015 $3,190 $7,799 $848 -
2014 $3,483 $7,237 $1,061 -
2013 $3,425 $7,542 $986 -
2012 $3,206 $7,308 $1,898 -
2011 $3,345 $7,274 $2,952 -
2010 $3,107 $6,849 $2,731 -
2009 $3,158 $6,629 $2,462 -
2008 $3,222 $6,437 $2,429 -
2007 $2,788 $6,058 $1,938 -
2006 $2,466 $5,781 $1,719 -
2005 $2,268 $5,275 $1,534 -
2004 $2,207 $5,025 $1,368 -
2003 $1,962 $4,741 $1,220 -
2002 $1,612 $4,436 $1,183 -
2001 $1,521 $4,269 $1,187 -
2000 $1,513 $3,930 $1,138 -
1999 $1,651 $3,801 $978 -
1998 $1,683 $3,740 $961 -
1997 $1,439 $3,502 $941 -
1996 $1,610 $3,551 $918 -
1995 $1,478 $3,152 $780 -
1994 $1,369 $3,315 $712 -
1993 $1,236 $2,979 $993 -
1992 $1,337 $2,979 $990 -
1991 $1,302 $3,025 $1,000 -
1990 $1,238 $2,777 $978 -
1989 $1,099 - $809 -
1988 $1,094 - $898 -
1987 $944 - $997 -
1986 $861 - $1,208 -
1985 $678 - $1,544 -
1984 $687 - $1,706 -
1983 $772 - $1,776 -
1982 $862 - $1,703 -
1981 $890 - $1,676 -
1980 $1,117 - $1,458 -
1979 $839 - $1,146 -
1978 $716 - $1,108 -
1977 $613 - $951 -
1976 $545 - $976 -
1975 $524 - $904 -
1974 $459 - $707 -
1973 $382 - $459 -
1972 $319 - $448 -
1971 $280.6 - $393 -
1970 $261.5 - $335 -
1969 $247.8 - $364 -
1968 $228 - $293.3 -
1967 $218.1 - $272.9 -
1966 $211.5 - $239.3 -
1965 $222.7 - $270.8 -
1964 $216.9 - $254.2 -
1963 $211.3 - $234.9 -
1962 $194.2 - $223.9 -
1961 $169.8 - $196.3 -
1960 $175.2 - $183.5 -

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

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

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Syria ranks 160th at $4,650.

Economic indicators

Morocco Syria
Gross domestic product
$161B
2024
$20B
2023
GDP rank
58/197
2024
129/197
2023
GDP growth
3.79%
2023-2024
-1.21%
2022-2023
GDP per capita
$4,218
2024
$847
2023
GDP per capita rank
127/197
2024
185/197
2023
GDP per capita, PPP
$10,415
2024
$4,650
2023
GDP per capita PPP rank
132/197
2024
160/197
2023
Government debt
$109B
2024
$18.4B
2010
Debt-to-GDP ratio
67.7%
2024
30%
2010
Government debt per person
$2,857
2024
$820
2010
Government debt per person rank
104/185
2024
148/185
2010
Average annual personal income after taxes
$5,678
2026
$730
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
21.1%
2022
Income share by poorest 10%
2.7%
2013
3.8%
2022
Government expenditure, % of GDP
33%
2024
28.6%
2010
Consumer prices inflation
0.99%
2023-2024
13.4%
2018-2019
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
11.8%
2022
8.61%
2010
Population
38871720
26829400

Spending and national debt comparison by year

Morocco
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Morocco Syria
Government spending Government debt Government spending Government debt
2024 33% 67.7% - -
2023 32% 68.7% - -
2022 33.7% 71.4% - -
2021 31% 69.4% - -
2020 34.1% 72.2% - -
2019 27.6% 60.3% - -
2018 27.8% 60.5% - -
2017 27.9% 60.3% - -
2016 28.6% 60.1% - -
2015 28.5% 58.4% - -
2014 30.7% 58.6% - -
2013 30.4% 57.1% - -
2012 32.5% 52.3% - -
2011 31.2% 48.6% - -
2010 28.7% 45.3% 28.6% 30%
2009 28.1% 42.6% 26.7% 31.2%
2008 28.3% 42% 22.9% 37.3%
2007 26.4% 47.1% 25.7% 42.7%
2006 26% 50.6% 26.3% 45%
2005 28.6% 54.8% 28.2% 50.7%
2004 24.5% 54.4% 31.3% 113%
2003 24.1% 56.9% 32.6% 133.4%
2002 25.8% 59.4% 28.5% 132.4%
2001 23.7% 60.4% 28% 144.5%
2000 22.8% 64.9% 27.4% 152.1%
1999 18.4% 63.4% 28% 147.7%
1998 18.7% 64.5% 28.8% 151.2%
1997 18.6% 68% 29% 147.6%
1996 17.6% 65.3% 27.7% 141.5%
1995 21.3% 72.2% 29.8% 152.6%
1994 21.7% 69.3% 30.3% 163%
1993 23.1% 74.7% 29.4% 171.9%
1992 22.3% 67% 34.2% 173.6%
1991 20.8% 59.1% 34.3% 182.4%
1990 22.6% 70.5% 28.3% 189.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 30% in Syria, ranking 60/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Syria
1x
Year Deficit/surplus, % of GDP
Morocco Syria
2024 -3.92% -
2023 -4.41% -
2022 -5.37% -
2021 -5.92% -
2020 -7.15% -
2019 -3.8% -
2018 -3.52% -
2017 -3.3% -
2016 -4.49% -
2015 -4.59% -
2014 -4.78% -
2013 -4.7% -
2012 -6.63% -
2011 -6.08% -
2010 -3.93% -7.79%
2009 -1.63% -2.89%
2008 0.63% -2.86%
2007 -0.12% -2.99%
2006 -1.8% -1.12%
2005 -5.46% -4.41%
2004 -3.31% -4.18%
2003 -3.74% -2.7%
2002 -4.37% -2.02%
2001 -3.79% 2.3%
2000 -1.97% -1.36%
1999 3.21% -1.47%
1998 1.47% -2.81%
1997 1.5% -1.78%
1996 0.87% -2.83%
1995 -2.54% -3.81%
1994 -2.51% -6%
1993 -2% -4.96%
1992 -1.84% -7.26%
1991 -0.9% -6.57%
1990 -1.32% -3.92%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2010, Morocco's government deficit, the difference between spending and revenue, was $3.97B, equivalent to 3.93% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, Morocco recorded a fiscal deficit in 16 of those years, while Syria ran a deficit in 20 years. On average, Morocco posted an annual deficit equal to 1.6% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Morocco

Syria
1x
Year Consumer prices inflation
Morocco Syria
2024 0.99% -
2023 6.09% -
2022 6.66% -
2021 1.4% -
2020 0.71% -
2019 0.3% 13.4%
2018 1.8% 0.94%
2017 0.75% 18.1%
2016 1.64% 47.7%
2015 1.56% 38.5%
2014 0.44% 10.9%
2013 1.88% 40%
2012 1.29% 36.7%
2011 0.91% 4.75%
2010 0.99% 4.4%
2009 0.97% 2.92%
2008 3.71% 15.7%
2007 2.04% 3.91%
2006 3.28% 10%
2005 0.98% 7.24%
2004 1.49% 4.43%
2003 1.17% 5.8%
2002 2.8% -0.13%
2001 0.62% 3%
2000 1.89% -3.85%
1999 0.68% -3.7%
1998 2.75% -0.8%
1997 1.04% 1.89%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, Morocco has recorded an average annual inflation rate of 1.52%, compared with 11.4% in Syria. In 2019, inflation was 0.99% in Morocco and 13.4% in Syria.

Top exports between countries

Morocco
Export category Export value
Processed food, beverages & tobacco $26.4M
Metals $1.92M
Raw materials & minerals $493K
Machinery & equipment $283K
Textiles & consumer goods $28K
Syria
Export category Export value
Textiles & consumer goods $7.21M
Chemicals & pharma $6.65M
Metals $3.68M
Machinery & equipment $2.51M
Raw agricultural goods $1.79M
Raw materials & minerals $1.32M
Miscellaneous $1.06M
Wood & paper products $741K
Processed food, beverages & tobacco $323K
Precious metals & jewellery $39K

Balance of trade

Morocco Syria
Current account balance
-$1.87B
2024
-$367M
2010
Current account balance ranking
141/190
2024
103/190
2010
Current account balance, % of GDP
-1.16%
2024
-0.6%
2010
Goods imports
$66.5B
2024
$15.9B
2010
Goods exports
$39.3B
2024
$12.3B
2010
Service imports
$14.3B
2024
$3.53B
2010
Service exports
$28.2B
2024
$7.33B
2010
Imports of goods and services, % of GDP
50.2%
2024
28.8%
2022
Exports of goods and services, % of GDP
42%
2024
6.81%
2022

Economic freedom indices

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

Morocco Syria
Economic freedom 61.8 51.2
Economic freedom ranking 91/197 155/197
Property rights 55.2 4
Government integrity 35.6 3.6
Judicial effectiveness 32.5 3.7
Tax burden 65.5 87.3
Government spending 67.5 78.5
Fiscal health 57.5 13.8
Business freedom 72.1 33.8
Labor freedom 46.2 37.2
Monetary freedom 79.6 80
Trade freedom 69.8 47
Investment freedom 80 0
Financial freedom 80 20

Economic freedom comparison by year

Morocco
Syria
1x
Year Economic freedom index
Morocco Syria
2026 61.8 -
2025 60.3 -
2024 56.8 -
2023 58.4 -
2022 59.2 -
2021 63.3 -
2020 63.3 -
2019 62.9 -
2018 61.9 -
2017 61.5 -
2016 61.3 -
2015 60.1 -
2014 58.3 -
2013 59.6 -
2012 60.2 51.2
2011 59.6 51.3
2010 59.2 49.4
2009 57.7 51.3
2008 55.6 47.2
2007 56.4 48.3
2006 51.5 51.2
2005 52.2 46.3
2004 56.7 40.6
2003 57.8 41.3
2002 59 36.3
2001 63.9 36.6
2000 63.2 37.2
1999 63.8 39
1998 61.1 42.2
1997 64.7 43
1996 64.3 42.3
1995 62.8 -

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Syria
Services, % of GDP
52.7%
2024
44.9%
2022
Industry, % of GDP
25.6%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
43.1%
2022
GNI, Atlas method
$149B
2024
$18.2B
2023
GNI per capita, PPP
$10,260
2024
$4,480
2023
Total reserves including gold
$37.1B
2024
$20.6B
2010
Total reserves ranking
52/177
2024
62/177
2010
Net foreign direct investment
-$948M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$1.64B
2024
$0
2024
Net outflows of foreign direct investment
$691M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
0.15%
2023
Poverty at national poverty lines
3.9%
2022
35.2%
2007
Gross capital formation, % of GDP
30.1%
2024
16%
1969

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/syria | 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 (2010–2023, 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.