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Economy of Morocco vs Taiwan compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $802B for Taiwan, ranking 58/197 and 22/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $215B (22.4% of GDP) in Taiwan.

Morocco vs Taiwan GDP by year

Morocco
Taiwan
1x
Year GDP, current $
Morocco Taiwan
2025 $182,374,250,612 -
2024 $160,610,994,055 $801,529,000,000
2023 $146,036,093,667 $757,328,000,000
2022 $131,245,312,804 $765,529,000,000
2021 $142,022,058,447 $777,062,000,000
2020 $121,353,645,057 $676,935,000,000
2019 $128,920,266,409 $613,453,000,000
2018 $127,341,147,582 $610,744,000,000
2017 $118,540,573,368 $591,734,000,000
2016 $111,572,947,005 $543,002,000,000
2015 $110,413,823,842 $534,474,000,000
2014 $119,130,841,412 $535,332,000,000
2013 $115,739,287,305 $512,957,000,000
2012 $106,937,392,311 $495,536,000,000
2011 $110,080,631,332 $483,957,000,000
2010 $100,865,329,473 $444,245,000,000
2009 $101,154,952,241 $390,788,000,000
2008 $101,822,906,949 $415,824,000,000
2007 $86,947,913,287 $406,940,000,000
2006 $75,883,823,301 $386,492,000,000
2005 $68,852,658,069 $374,042,000,000
2004 $66,114,145,451 $346,881,000,000
2003 $58,029,363,354 $317,374,000,000
2002 $47,077,192,188 $307,429,000,000
2001 $43,831,480,208 $299,303,000,000
2000 $43,017,455,402 $330,725,000,000
1999 $46,266,428,648 $303,827,000,000
1998 $46,497,608,725 $279,926,000,000
1997 $39,147,844,526 $303,315,000,000
1996 $43,161,571,528 $292,473,000,000
1995 $39,030,285,468 $279,013,000,000
1994 $35,604,137,423 $256,213,000,000
1993 $31,655,473,664 $234,943,000,000
1992 $33,711,069,431 $222,947,000,000
1991 $32,285,573,574 $187,100,000,000
1990 $30,179,954,775 $166,392,000,000
1989 $26,314,313,191 $152,687,000,000
1988 $25,705,296,184 $126,378,000,000
1987 $21,765,195,948 $104,956,000,000
1986 $19,462,085,540 $78,347,000,000
1985 $14,991,283,216 $63,599,000,000
1984 $14,824,667,954 $61,036,000,000
1983 $16,251,408,128 $54,155,000,000
1982 $17,692,276,734 $49,540,000,000
1981 $17,788,185,479 $49,047,000,000
1980 $21,728,516,153 $42,292,000,000
1979 $15,911,994,817 $33,875,000,000
1978 $13,236,946,234 $27,373,000,000
1977 $11,049,783,872 $22,252,000,000
1976 $9,584,297,284 $18,988,000,000
1975 $8,984,853,005 $15,836,000,000
1974 $7,675,466,449 $14,739,000,000
1973 $6,242,145,880 $10,940,000,000
1972 $5,074,117,545 $8,063,000,000
1971 $4,356,669,034 $6,727,000,000
1970 $3,956,336,244 $5,785,000,000
1969 $3,651,622,669 $5,017,000,000
1968 $3,271,422,333 $4,325,000,000
1967 $3,046,345,314 $3,709,000,000
1966 $2,876,401,297 $3,207,000,000
1965 $2,948,331,090 $2,869,000,000
1964 $2,798,345,299 $2,592,000,000
1963 $2,657,252,578 $2,218,000,000
1962 $2,379,611,125 $1,960,000,000
1961 $2,025,693,540 $1,778,000,000
1960 $2,037,154,742 $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Morocco vs Taiwan by year

Morocco
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - - -
2024 $4,218 $10,415 $34,238 -
2023 $3,872 $9,895 $32,444 -
2022 $3,516 $9,310 $32,827 -
2021 $3,843 $8,623 $33,111 -
2020 $3,317 $7,705 $28,705 -
2019 $3,560 $8,046 $25,998 -
2018 $3,553 $7,801 $25,901 -
2017 $3,344 $8,115 $25,121 $50,500
2016 $3,186 $7,853 $23,091 -
2015 $3,190 $7,799 $22,780 $46,800
2014 $3,483 $7,237 $22,874 -
2013 $3,425 $7,542 $21,973 $39,600
2012 $3,206 $7,308 $21,295 $39,400
2011 $3,345 $7,274 $20,866 $38,200
2010 $3,107 $6,849 $19,197 $35,700
2009 $3,158 $6,629 $16,933 $32,000
2008 $3,222 $6,437 $18,081 $31,100
2007 $2,788 $6,058 $17,757 $30,100
2006 $2,466 $5,781 $16,934 $29,500
2005 $2,268 $5,275 $16,456 $27,500
2004 $2,207 $5,025 $15,317 $25,300
2003 $1,962 $4,741 $14,066 $23,400
2002 $1,612 $4,436 $13,686 $18,000
2001 $1,521 $4,269 $13,397 $17,200
2000 $1,513 $3,930 $14,908 $17,400
1999 $1,651 $3,801 $13,804 $16,100
1998 $1,683 $3,740 $12,820 -
1997 $1,439 $3,502 $14,020 -
1996 $1,610 $3,551 $13,641 -
1995 $1,478 $3,152 $13,119 -
1994 $1,369 $3,315 $12,150 -
1993 $1,236 $2,979 $11,242 -
1992 $1,337 $2,979 $10,768 -
1991 $1,302 $3,025 $9,125 -
1990 $1,238 $2,777 $8,205 -
1989 $1,099 - $7,613 -
1988 $1,094 - $6,370 -
1987 $944 - $5,350 -
1986 $861 - $4,036 -
1985 $678 - $3,314 -
1984 $687 - $3,224 -
1983 $772 - $2,903 -
1982 $862 - $2,699 -
1981 $890 - $2,720 -
1980 $1,117 - $2,389 -
1979 $839 - $1,950 -
1978 $716 - $1,606 -
1977 $613 - $1,330 -
1976 $545 - $1,158 -
1975 $524 - $985 -
1974 $459 - $934 -
1973 $382 - $706 -
1972 $319 - $530 -
1971 $280.6 - $451 -
1970 $261.5 - $397 -
1969 $247.8 - $357 -
1968 $228 - $319 -
1967 $218.1 - $280.8 -
1966 $211.5 - $249.1 -
1965 $222.7 - $229.3 -
1964 $216.9 - $213.6 -
1963 $211.3 - $188.6 -
1962 $194.2 - $172 -
1961 $169.8 - $161.2 -
1960 $175.2 - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-07-08).

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

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $34,238 in Taiwan, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Taiwan ranks 44th at $50,500.

Economic indicators

Morocco Taiwan
Gross domestic product
$182B
2025
$802B
2024
GDP rank
58/197
2025
22/197
2024
GDP growth
4.6%
2024-2025
2.16%
2023-2024
GDP per capita
$4,746
2025
$34,238
2024
GDP per capita rank
126/197
2025
38/197
2024
GDP per capita, PPP
$10,415
2024
$50,500
2017
GDP per capita PPP rank
132/197
2024
44/197
2017
Government debt
$122B
2025
$215B
2024
Debt-to-GDP ratio
67.1%
2025
22.4%
2025
Government debt per person
$3,183
2025
$9,170
2024
Government debt per person rank
102/185
2025
64/185
2024
Average annual personal income after taxes
$4,045
2026
$18,863
2026
Market capitalization of domestic companies
$114B
2025
n/a
Number of millionaires n/a
772,000
2026
Number of billionaires
3
2026
66
2026
Income share by richest 10%
31.9%
2013
n/a
Income share by poorest 10%
2.7%
2013
n/a
Government expenditure, % of GDP
31.3%
2025
15.8%
2024
Consumer prices inflation
0.7%
2024-2025
1.7%
2024-2025
Central bank interest rate
2.25%
2025
2%
2024
Unemployment rate
11.8%
2022
3.35%
2025
Population
38938817
23229461

Spending and national debt comparison by year

Morocco
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Morocco Taiwan
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% - 22.4%
2024 30.9% 67.7% 15.8% 26.8%
2023 30.2% 68.7% 17.1% 29%
2022 31.8% 71.4% 16% 29.5%
2021 30.1% 69.4% 15.4% 30.1%
2020 34.1% 72.2% 16.2% 32%
2019 27% 60.3% 15.3% 32.6%
2018 27.8% 60.5% 15.4% 33.8%
2017 27.9% 60.3% 15.4% 34.5%
2016 28.6% 60.1% 15.6% 35.4%
2015 28.5% 58.4% 15.5% 35.9%
2014 30.7% 58.6% - 37.5%
2013 30.4% 57.1% - 38.9%
2012 32.5% 52.3% - 39.2%
2011 31.2% 48.6% 18.3% 38.3%
2010 28.7% 45.3% - 36.9%
2009 28.1% 42.6% - 36.7%
2008 28.3% 42% - 33.4%
2007 26.4% 47.1% - 32.2%
2006 26% 50.6% - 33.3%
2005 28.6% 54.8% - 34.1%
2004 24.5% 54.4% - 33.4%
2003 24.1% 56.9% - 32.1%
2002 25.8% 59.4% - 29.8%
2001 23.7% 60.4% 22.4% 30.1%
2000 22.8% 64.9% - 26.2%
1999 18.4% 63.4% - 23.7%
1998 18.7% 64.5% - 23.7%
1997 18.6% 68% - 25%
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% 25.4% -
1990 22.6% 70.5% - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 20.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08).

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 22.4% in Taiwan, ranking 64/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Taiwan
1x
Year Deficit/surplus, % of GDP
Morocco Taiwan
2025 -3.54% -
2024 -3.92% 0.43%
2023 -4.41% -0.61%
2022 -5.37% 0.17%
2021 -5.92% -0.18%
2020 -7.15% -1.03%
2019 -3.8% 0.11%
2018 -3.52% 0.02%
2017 -3.3% -0.14%
2016 -4.49% -0.31%
2015 -4.59% 0.1%
2014 -4.78% -
2013 -4.7% -
2012 -6.63% -
2011 -6.08% -2.15%
2010 -3.93% -
2009 -1.63% -
2008 0.63% -
2007 -0.12% -
2006 -1.8% -
2005 -5.46% -
2004 -3.31% -
2003 -3.74% -
2002 -4.37% -
2001 -3.79% -3.7%
2000 -1.97% -
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% -4.5%
1990 -1.32% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08).

GeoRank.org/economy/morocco/taiwan | 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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 35 years, Morocco recorded a fiscal deficit in 30 of those years, while Taiwan ran a deficit in 8 years. On average, Morocco posted an annual deficit equal to 2.92% of GDP, compared to deficit of 0.91% of GDP for Taiwan.

Inflation comparison by year

Inflation
Morocco

Taiwan
1x
Year Consumer prices inflation
Morocco Taiwan
2025 0.7% 1.7%
2024 0.99% 2.2%
2023 6.09% 2.5%
2022 6.66% 2.9%
2021 1.4% 2%
2020 0.71% -0.2%
2019 0.3% 0.6%
2018 1.8% 1.4%
2017 0.75% 0.6%
2016 1.64% 1.4%
2015 1.56% -0.3%
2014 0.44% 1.2%
2013 1.88% 0.8%
2012 1.29% 1.9%
2011 0.91% 1.4%
2010 0.99% 1%
2009 0.97% -0.9%
2008 3.71% 3.5%
2007 2.04% 1.8%
2006 3.28% 0.6%
2005 0.98% 2.3%
2004 1.49% 1.6%
2003 1.17% -0.3%
2002 2.8% -0.2%
2001 0.62% 0%
2000 1.89% 1.2%
1999 0.68% 0.2%
1998 2.75% 1.7%
1997 1.04% 0.9%

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/taiwan | CC BY

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 1.16% in Taiwan. In 2025, inflation was 0.7% in Morocco and 1.7% in Taiwan.

Balance of trade

Morocco Taiwan
Current account balance
-$4.56B
2025
$113B
2024
Current account balance ranking
163/190
2025
5/190
2024
Current account balance, % of GDP
-2.5%
2025
+14.1%
2024
Goods imports
$77.2B
2025
n/a
Goods exports
$43.7B
2025
n/a
Service imports
$16.7B
2025
n/a
Service exports
$33.6B
2025
n/a
Imports of goods and services, % of GDP
51.1%
2025
54.5%
2025
Exports of goods and services, % of GDP
42%
2025
73.6%
2025

Economic freedom indices

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

Morocco Taiwan
Economic freedom 61.8 79.8
Economic freedom ranking 91/197 6/197
Property rights 55.2 83.4
Government integrity 35.6 74.3
Judicial effectiveness 32.5 94.3
Tax burden 65.5 78.9
Government spending 67.5 90
Fiscal health 57.5 92.9
Business freedom 72.1 78.6
Labor freedom 46.2 69
Monetary freedom 79.6 80.3
Trade freedom 69.8 86
Investment freedom 80 70
Financial freedom 80 60

Economic freedom comparison by year

Morocco
Taiwan
1x
Year Economic freedom index
Morocco Taiwan
2026 61.8 79.8
2025 60.3 79.7
2024 56.8 80
2023 58.4 80.7
2022 59.2 80.1
2021 63.3 78.6
2020 63.3 77.1
2019 62.9 77.3
2018 61.9 76.6
2017 61.5 76.5
2016 61.3 74.7
2015 60.1 75.1
2014 58.3 73.9
2013 59.6 72.7
2012 60.2 71.9
2011 59.6 70.8
2010 59.2 70.4
2009 57.7 69.5
2008 55.6 70.3
2007 56.4 69.4
2006 51.5 69.7
2005 52.2 71.3
2004 56.7 69.6
2003 57.8 71.7
2002 59 71.3
2001 63.9 72.8
2000 63.2 72.5
1999 63.8 71.5
1998 61.1 70.4
1997 64.7 70
1996 64.3 74.1
1995 62.8 74.2

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Taiwan
Services, % of GDP
52.3%
2025
58.1%
2024
Industry, % of GDP
25.2%
2025
40.4%
2024
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
1.46%
2024
GNI, Atlas method
$170B
2025
$832B
2024
GNI per capita, PPP
$10,960
2025
n/a
Total reserves including gold
$48.5B
2025
n/a
Total reserves ranking
50/177
2025
n/a
Net foreign direct investment
-$2.51B
2025
n/a
Net inflows of foreign direct investment
$1.75B
2024
n/a
Net outflows of foreign direct investment
$679M
2024
n/a
Servicing debt to the IMF, % of GNI
5.63%
2024
n/a
Poverty at national poverty lines
3.9%
2022
1.5%
2020
Gross capital formation, % of GDP
31.9%
2025
26.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); National Statistics, Taiwan (1985–2024, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. National Statistics, Taiwan (1951–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.