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Economy of Morocco vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $25.6B for Trinidad and Tobago, ranking 58/197 and 115/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Morocco vs Trinidad and Tobago GDP by year

Morocco
Trinidad and Tobago
1x
Year GDP, current $
Morocco Trinidad
2024 $160,610,994,055 $25,633,544,529
2023 $146,036,093,667 $25,036,993,423
2022 $131,245,312,804 $28,341,164,301
2021 $142,022,058,447 $24,222,963,263
2020 $121,353,645,057 $20,888,515,184
2019 $128,920,266,409 $23,477,745,792
2018 $127,341,147,582 $23,883,058,083
2017 $118,540,573,368 $23,830,750,901
2016 $111,572,947,005 $23,624,322,193
2015 $110,413,823,842 $26,841,141,793
2014 $119,130,841,412 $29,474,180,005
2013 $115,739,287,305 $28,560,537,057
2012 $106,937,392,311 $27,147,349,937
2011 $110,080,631,332 $25,433,007,437
2010 $100,865,329,473 $22,157,920,592
2009 $101,154,952,241 $19,172,165,226
2008 $101,822,906,949 $27,871,587,350
2007 $86,947,913,287 $21,641,620,050
2006 $75,883,823,301 $18,369,361,094
2005 $68,852,658,069 $15,982,389,018
2004 $66,114,145,451 $13,280,291,990
2003 $58,029,363,354 $11,305,459,802
2002 $47,077,192,188 $9,008,298,229
2001 $43,831,480,208 $8,824,849,191
2000 $43,017,455,402 $8,154,342,116
1999 $46,266,428,648 $6,808,982,521
1998 $46,497,608,725 $6,043,686,654
1997 $39,147,844,526 $5,737,771,523
1996 $43,161,571,528 $5,759,570,336
1995 $39,030,285,468 $5,329,217,747
1994 $35,604,137,423 $4,947,181,646
1993 $31,655,473,664 $4,669,491,134
1992 $33,711,069,431 $5,439,552,941
1991 $32,285,573,574 $5,307,905,882
1990 $30,179,954,775 $5,068,000,000
1989 $26,314,313,191 $4,323,058,824
1988 $25,705,296,184 $4,496,910,569
1987 $21,765,195,948 $4,797,777,778
1986 $19,462,085,540 $4,794,444,444
1985 $14,991,283,216 $7,375,918,367
1984 $14,824,667,954 $7,757,083,333
1983 $16,251,408,128 $7,763,750,000
1982 $17,692,276,734 $8,140,416,667
1981 $17,788,185,479 $6,992,083,333
1980 $21,728,516,153 $6,235,833,333
1979 $15,911,994,817 $4,602,416,625
1978 $13,236,946,234 $3,562,333,458
1977 $11,049,783,872 $3,138,666,667
1976 $9,584,297,284 $2,500,424,955
1975 $8,984,853,005 $2,442,669,825
1974 $7,675,466,449 $2,042,001,071
1973 $6,242,145,880 $1,308,785,431
1972 $5,074,117,545 $1,083,391,758
1971 $4,356,669,034 $896,765,215
1970 $3,956,336,244 $821,850,000
1969 $3,651,622,669 $779,200,000
1968 $3,271,422,333 $758,899,950
1967 $3,046,345,314 $761,981,912
1966 $2,876,401,297 $723,739,857
1965 $2,948,331,090 $736,573,159
1964 $2,798,345,299 $711,897,520
1963 $2,657,252,578 $678,239,329
1962 $2,379,611,125 $619,322,810
1961 $2,025,693,540 $584,964,621
1960 $2,037,154,742 $535,673,252

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

GeoRank.org/economy/morocco/trinidad-and-tobago | CC BY

GDP per capita in Morocco vs Trinidad and Tobago by year

Morocco
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 $18,733 $36,329
2023 $3,872 $9,895 $18,308 $34,623
2022 $3,516 $9,310 $20,751 $32,979
2021 $3,843 $8,623 $17,713 $30,482
2020 $3,317 $7,705 $15,284 $26,731
2019 $3,560 $8,046 $17,213 $29,316
2018 $3,553 $7,801 $17,571 $28,673
2017 $3,344 $8,115 $17,566 $28,484
2016 $3,186 $7,853 $17,449 $28,232
2015 $3,190 $7,799 $19,887 $29,825
2014 $3,483 $7,237 $21,908 $32,027
2013 $3,425 $7,542 $21,305 $31,746
2012 $3,206 $7,308 $20,332 $31,883
2011 $3,345 $7,274 $19,151 $31,078
2010 $3,107 $6,849 $16,815 $30,778
2009 $3,158 $6,629 $14,634 $29,602
2008 $3,222 $6,437 $21,299 $30,807
2007 $2,788 $6,058 $16,607 $29,355
2006 $2,466 $5,781 $14,153 $27,393
2005 $2,268 $5,275 $12,346 $23,536
2004 $2,207 $5,025 $9,871 $20,674
2003 $1,962 $4,741 $8,445 $18,743
2002 $1,612 $4,436 $6,763 $16,141
2001 $1,521 $4,269 $6,657 $14,797
2000 $1,513 $3,930 $6,179 $13,953
1999 $1,651 $3,801 $5,179 $12,812
1998 $1,683 $3,740 $4,613 $11,735
1997 $1,439 $3,502 $4,394 $10,769
1996 $1,610 $3,551 $4,427 $9,883
1995 $1,478 $3,152 $4,115 $9,099
1994 $1,369 $3,315 $3,840 $8,631
1993 $1,236 $2,979 $3,647 $8,209
1992 $1,337 $2,979 $4,277 $8,129
1991 $1,302 $3,025 $4,205 $7,274
1990 $1,238 $2,777 $4,047 $6,878
1989 $1,099 - $3,482 -
1988 $1,094 - $3,656 -
1987 $944 - $3,941 -
1986 $861 - $3,985 -
1985 $678 - $6,212 -
1984 $687 - $6,613 -
1983 $772 - $6,690 -
1982 $862 - $7,091 -
1981 $890 - $6,160 -
1980 $1,117 - $5,559 -
1979 $839 - $4,155 -
1978 $716 - $3,258 -
1977 $613 - $2,907 -
1976 $545 - $2,345 -
1975 $524 - $2,319 -
1974 $459 - $1,962 -
1973 $382 - $1,273 -
1972 $319 - $1,067 -
1971 $280.6 - $894 -
1970 $261.5 - $829 -
1969 $247.8 - $795 -
1968 $228 - $783 -
1967 $218.1 - $797 -
1966 $211.5 - $768 -
1965 $222.7 - $793 -
1964 $216.9 - $780 -
1963 $211.3 - $756 -
1962 $194.2 - $704 -
1961 $169.8 - $678 -
1960 $175.2 - $634 -

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

GeoRank.org/economy/morocco/trinidad-and-tobago | CC BY

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Morocco Trinidad
Gross domestic product
$161B
2024
$25.6B
2024
GDP rank
58/197
2024
115/197
2024
GDP growth
3.79%
2023-2024
2.51%
2023-2024
GDP per capita
$4,218
2024
$18,733
2024
GDP per capita rank
127/197
2024
61/197
2024
GDP per capita, PPP
$10,415
2024
$36,329
2024
GDP per capita PPP rank
132/197
2024
62/197
2024
Government debt
$109B
2024
$16.5B
2024
Debt-to-GDP ratio
67.7%
2024
64.2%
2024
Government debt per person
$2,857
2024
$12,028
2024
Government debt per person rank
104/185
2024
45/185
2024
Average annual personal income after taxes
$5,678
2026
$11,007
2026
Market capitalization of domestic companies
$74.5B
2024
$3.89B
2001
Number of billionaires
3
2025
n/a
Income share by richest 10%
31.9%
2013
29.9%
1992
Income share by poorest 10%
2.7%
2013
2.1%
1992
Government expenditure, % of GDP
33%
2024
32.3%
2024
Consumer prices inflation
0.99%
2023-2024
0.53%
2023-2024
Central bank interest rate
2.25%
2025
3.5%
2020
Unemployment rate
11.8%
2022
4.01%
2024
Population
38871720
1374840

Spending and national debt comparison by year

Morocco
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Morocco Trinidad
Government spending Government debt Government spending Government debt
2024 33% 67.7% 32.3% 64.2%
2023 32% 68.7% 33.5% 62.2%
2022 33.7% 71.4% 27.2% 51.3%
2021 31% 69.4% 30.3% 58.4%
2020 34.1% 72.2% 36.2% 62.5%
2019 27.6% 60.3% 31.2% 46.2%
2018 27.8% 60.5% 30.2% 41.5%
2017 27.9% 60.3% 30.7% 39.8%
2016 28.6% 60.1% 31.9% 35.4%
2015 28.5% 58.4% 35% 27.1%
2014 30.7% 58.6% 32.8% 23.5%
2013 30.4% 57.1% 31.3% 21.6%
2012 32.5% 52.3% 29.5% 21.8%
2011 31.2% 48.6% 29.4% 26.4%
2010 28.7% 45.3% 30.4% 16.8%
2009 28.1% 42.6% 37% 20.7%
2008 28.3% 42% 26.7% 13.5%
2007 26.4% 47.1% 25.7% 16.2%
2006 26% 50.6% 31.6% 16.9%
2005 28.6% 54.8% 26.7% 19.8%
2004 24.5% 54.4% 22.5% 24.2%
2003 24.1% 56.9% 22.2% 30.2%
2002 25.8% 59.4% 24.4% 37%
2001 23.7% 60.4% 24.8% 36.6%
2000 22.8% 64.9% 23.1% 38.9%
1999 18.4% 63.4% 24.1% 42.2%
1998 18.7% 64.5% 26.9% 42.8%
1997 18.6% 68% 27.2% 46.1%
1996 17.6% 65.3% 27.6% 47%
1995 21.3% 72.2% 26.2% 50.1%
1994 21.7% 69.3% 25.4% 52.6%
1993 23.1% 74.7% 26.9% 58.8%
1992 22.3% 67% 28.6% 49.2%
1991 20.8% 59.1% 29.6% 49.5%
1990 22.6% 70.5% 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/morocco/trinidad-and-tobago | CC BY

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 64.2% in Trinidad and Tobago, ranking 60/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Morocco Trinidad
2024 -3.92% -5.24%
2023 -4.41% -1.24%
2022 -5.37% 0.92%
2021 -5.92% -8.1%
2020 -7.15% -12.2%
2019 -3.8% -3.74%
2018 -3.52% -5.89%
2017 -3.3% -10.4%
2016 -4.49% -10.1%
2015 -4.59% -7.56%
2014 -4.78% -4.31%
2013 -4.7% -2.67%
2012 -6.63% -1.26%
2011 -6.08% -0.67%
2010 -3.93% 0.13%
2009 -1.63% -5.42%
2008 0.63% 5.39%
2007 -0.12% 3.12%
2006 -1.8% 1.56%
2005 -5.46% 2.36%
2004 -3.31% 1.84%
2003 -3.74% 1.8%
2002 -4.37% -0.2%
2001 -3.79% 0.61%
2000 -1.97% 0.17%
1999 3.21% -0.88%
1998 1.47% -1.8%
1997 1.5% 0.11%
1996 0.87% -0.45%
1995 -2.54% 0.17%
1994 -2.51% -0.02%
1993 -2% 0.23%
1992 -1.84% -2.74%
1991 -0.9% -0.21%
1990 -1.32% -1.27%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/morocco/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 35 years, Morocco recorded a fiscal deficit in 30 of those years, while Trinidad and Tobago ran a deficit in 22 years. On average, Morocco posted an annual deficit equal to 2.92% of GDP, compared to deficit of 1.94% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Morocco

Trinidad and Tobago
1x
Year Consumer prices inflation
Morocco Trinidad
2024 0.99% 0.53%
2023 6.09% 4.63%
2022 6.66% 5.83%
2021 1.4% 2.06%
2020 0.71% 0.6%
2019 0.3% 1%
2018 1.8% 1.02%
2017 0.75% 1.88%
2016 1.64% 3.07%
2015 1.56% 4.66%
2014 0.44% 5.68%
2013 1.88% 5.2%
2012 1.29% 9.26%
2011 0.91% 5.11%
2010 0.99% 10.5%
2009 0.97% 6.98%
2008 3.71% 12%
2007 2.04% 7.89%
2006 3.28% 8.33%
2005 0.98% 6.87%
2004 1.49% 3.72%
2003 1.17% 3.81%
2002 2.8% 4.15%
2001 0.62% 5.54%
2000 1.89% 3.56%
1999 0.68% 3.44%
1998 2.75% 5.61%
1997 1.04% 3.63%

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

GeoRank.org/economy/morocco/trinidad-and-tobago | CC BY

Over the past 28 years, Morocco has recorded an average annual inflation rate of 1.82%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 0.99% in Morocco and 0.53% in Trinidad and Tobago.

Top exports between countries

Morocco
Export category Export value
Raw materials & minerals $7.56M
Raw agricultural goods $652K
Machinery & equipment $155K
Processed food, beverages & tobacco $128K
Trinidad
Export category Export value
Raw materials & minerals $200M
Textiles & consumer goods $29K
Machinery & equipment $4K

Balance of trade

Morocco Trinidad
Current account balance
-$1.87B
2024
$645M
2024
Current account balance ranking
141/190
2024
58/190
2024
Current account balance, % of GDP
-1.16%
2024
+2.52%
2024
Goods imports
$66.5B
2024
$7.54B
2024
Goods exports
$39.3B
2024
$10B
2024
Service imports
$14.3B
2024
$2.71B
2024
Service exports
$28.2B
2024
$1.26B
2024
Imports of goods and services, % of GDP
50.2%
2024
n/a
Exports of goods and services, % of GDP
42%
2024
45%
2025

Economic freedom indices

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

Morocco Trinidad
Economic freedom 61.8 62.4
Economic freedom ranking 91/197 87/197
Property rights 55.2 47.3
Government integrity 35.6 45.5
Judicial effectiveness 32.5 58.8
Tax burden 65.5 76.1
Government spending 67.5 71.1
Fiscal health 57.5 86.3
Business freedom 72.1 67.1
Labor freedom 46.2 57.2
Monetary freedom 79.6 81
Trade freedom 69.8 68.8
Investment freedom 80 50
Financial freedom 80 40

Economic freedom comparison by year

Morocco
Trinidad and Tobago
1x
Year Economic freedom index
Morocco Trinidad
2026 61.8 62.4
2025 60.3 63.6
2024 56.8 60.4
2023 58.4 59.5
2022 59.2 58.8
2021 63.3 59
2020 63.3 58.3
2019 62.9 57
2018 61.9 57.7
2017 61.5 61.2
2016 61.3 62.9
2015 60.1 64.1
2014 58.3 62.7
2013 59.6 62.3
2012 60.2 64.4
2011 59.6 66.5
2010 59.2 65.7
2009 57.7 68
2008 55.6 69.5
2007 56.4 70.6
2006 51.5 70.4
2005 52.2 71.5
2004 56.7 71.3
2003 57.8 68.8
2002 59 70.1
2001 63.9 71.8
2000 63.2 74.5
1999 63.8 72.4
1998 61.1 72
1997 64.7 71.3
1996 64.3 69.2
1995 62.8 -

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

GeoRank.org/economy/morocco/trinidad-and-tobago | CC BY

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Trinidad
Services, % of GDP
52.7%
2024
59.2%
2024
Industry, % of GDP
25.6%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
0.78%
2024
GNI, Atlas method
$149B
2024
$27B
2024
GNI per capita, PPP
$10,260
2024
$36,580
2024
Total reserves including gold
$37.1B
2024
$5.6B
2024
Total reserves ranking
52/177
2024
94/177
2024
Net foreign direct investment
-$948M
2024
$980M
2024
Net inflows of foreign direct investment
$1.64B
2024
-$453M
2024
Net outflows of foreign direct investment
$691M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
n/a
Poverty at national poverty lines
3.9%
2022
20%
2020
Gross capital formation, % of GDP
30.1%
2024
19%
2023

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/trinidad-and-tobago | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.