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Economy of Morocco vs Tunisia compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $57.5B for Tunisia, ranking 58/197 and 93/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $46.7B (81.3% of GDP) in Tunisia.

Morocco vs Tunisia GDP by year

Morocco
Tunisia
1x
Year GDP, current $
Morocco Tunisia
2025 $182,374,250,612 $57,502,836,548
2024 $160,610,994,055 $51,412,122,480
2023 $146,036,093,667 $48,205,328,303
2022 $131,245,312,804 $44,929,920,093
2021 $142,022,058,447 $47,073,234,359
2020 $121,353,645,057 $42,491,780,918
2019 $128,920,266,409 $41,905,642,419
2018 $127,341,147,582 $42,686,504,460
2017 $118,540,573,368 $42,163,530,591
2016 $111,572,947,005 $44,360,072,680
2015 $110,413,823,842 $45,779,494,042
2014 $119,130,841,412 $50,271,812,921
2013 $115,739,287,305 $48,685,446,414
2012 $106,937,392,311 $47,311,401,813
2011 $110,080,631,332 $48,123,325,825
2010 $100,865,329,473 $46,206,091,938
2009 $101,154,952,241 $43,455,740,497
2008 $101,822,906,949 $44,859,439,902
2007 $86,947,913,287 $38,915,353,867
2006 $75,883,823,301 $34,376,664,601
2005 $68,852,658,069 $32,272,186,695
2004 $66,114,145,451 $31,183,885,241
2003 $58,029,363,354 $27,453,902,261
2002 $47,077,192,188 $23,141,616,605
2001 $43,831,480,208 $22,065,832,449
2000 $43,017,455,402 $21,473,528,161
1999 $46,266,428,648 $22,943,202,175
1998 $46,497,608,725 $21,802,893,587
1997 $39,147,844,526 $20,746,210,354
1996 $43,161,571,528 $19,587,161,807
1995 $39,030,285,468 $18,030,876,599
1994 $35,604,137,423 $15,633,174,304
1993 $31,655,473,664 $14,608,335,608
1992 $33,711,069,431 $15,496,708,060
1991 $32,285,573,574 $13,074,782,609
1990 $30,179,954,775 $12,290,568,182
1989 $26,314,313,191 $10,101,851,745
1988 $25,705,296,184 $10,096,245,762
1987 $21,765,195,948 $9,696,715,911
1986 $19,462,085,540 $9,017,806,654
1985 $14,991,283,216 $8,410,226,053
1984 $14,824,667,954 $8,254,541,195
1983 $16,251,408,128 $8,350,582,748
1982 $17,692,276,734 $8,133,580,052
1981 $17,788,185,479 $8,428,445,294
1980 $21,728,516,153 $8,744,134,354
1979 $15,911,994,817 $7,188,863,904
1978 $13,236,946,234 $5,968,460,080
1977 $11,049,783,872 $5,109,324,009
1976 $9,584,297,284 $4,508,191,942
1975 $8,984,853,005 $4,328,965,588
1974 $7,675,466,449 $3,545,868,575
1973 $6,242,145,880 $2,730,813,385
1972 $5,074,117,545 $2,237,556,149
1971 $4,356,669,034 $1,685,162,272
1970 $3,956,336,244 $1,439,238,095
1969 $3,651,622,669 $1,289,904,762
1968 $3,271,422,333 $1,214,666,667
1967 $3,046,345,314 $1,085,714,286
1966 $2,876,401,297 $1,040,952,381
1965 $2,948,331,090 $991,047,619
1964 $2,798,345,299 $1,025,866,792
1963 $2,657,252,578 $1,026,737,600
1962 $2,379,611,125 $880,027,733
1961 $2,025,693,540 $866,155,429
1960 $2,037,154,742 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Morocco vs Tunisia by year

Morocco
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $4,657 -
2024 $4,218 $10,415 $4,188 $14,521
2023 $3,872 $9,895 $3,951 $14,041
2022 $3,516 $9,310 $3,707 $13,619
2021 $3,843 $8,623 $3,907 $12,444
2020 $3,317 $7,705 $3,549 $11,918
2019 $3,560 $8,046 $3,529 $12,495
2018 $3,553 $7,801 $3,628 $11,841
2017 $3,344 $8,115 $3,619 $11,289
2016 $3,186 $7,853 $3,848 $10,994
2015 $3,190 $7,799 $4,015 $10,783
2014 $3,483 $7,237 $4,459 $10,947
2013 $3,425 $7,542 $4,370 $10,672
2012 $3,206 $7,308 $4,297 $10,615
2011 $3,345 $7,274 $4,421 $10,436
2010 $3,107 $6,849 $4,292 $10,555
2009 $3,158 $6,629 $4,080 $10,237
2008 $3,222 $6,437 $4,255 $9,975
2007 $2,788 $6,058 $3,727 $9,479
2006 $2,466 $5,781 $3,323 $8,729
2005 $2,268 $5,275 $3,147 $8,117
2004 $2,207 $5,025 $3,067 $7,672
2003 $1,962 $4,741 $2,726 $7,098
2002 $1,612 $4,436 $2,321 $6,715
2001 $1,521 $4,269 $2,236 $6,593
2000 $1,513 $3,930 $2,199 $6,279
1999 $1,651 $3,801 $2,376 $5,930
1998 $1,683 $3,740 $2,285 $5,579
1997 $1,439 $3,502 $2,202 $5,333
1996 $1,610 $3,551 $2,107 $5,040
1995 $1,478 $3,152 $1,968 $4,686
1994 $1,369 $3,315 $1,733 $4,555
1993 $1,236 $2,979 $1,649 $4,401
1992 $1,337 $2,979 $1,785 $4,292
1991 $1,302 $3,025 $1,538 $3,975
1990 $1,238 $2,777 $1,476 $3,780
1989 $1,099 - $1,239 -
1988 $1,094 - $1,266 -
1987 $944 - $1,245 -
1986 $861 - $1,187 -
1985 $678 - $1,135 -
1984 $687 - $1,143 -
1983 $772 - $1,184 -
1982 $862 - $1,177 -
1981 $890 - $1,247 -
1980 $1,117 - $1,324 -
1979 $839 - $1,113 -
1978 $716 - $946 -
1977 $613 - $830 -
1976 $545 - $752 -
1975 $524 - $741 -
1974 $459 - $624 -
1973 $382 - $493 -
1972 $319 - $415 -
1971 $280.6 - $320 -
1970 $261.5 - $280.5 -
1969 $247.8 - $257.7 -
1968 $228 - $248.9 -
1967 $218.1 - $228 -
1966 $211.5 - $223.8 -
1965 $222.7 - $217.3 -
1964 $216.9 - $228.5 -
1963 $211.3 - $231.9 -
1962 $194.2 - $201.4 -
1961 $169.8 - $200.7 -
1960 $175.2 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $4,657 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Tunisia ranks 114th at $14,521.

Economic indicators

Morocco Tunisia
Gross domestic product
$182B
2025
$57.5B
2025
GDP rank
58/197
2025
93/197
2025
GDP growth
4.6%
2024-2025
2.49%
2024-2025
GDP per capita
$4,746
2025
$4,657
2025
GDP per capita rank
126/197
2025
127/197
2025
GDP per capita, PPP
$10,415
2024
$14,521
2024
GDP per capita PPP rank
132/197
2024
114/197
2024
Government debt
$122B
2025
$46.7B
2025
Debt-to-GDP ratio
67.1%
2025
81.3%
2025
Government debt per person
$3,183
2025
$3,785
2025
Government debt per person rank
102/185
2025
95/185
2025
Average annual personal income after taxes
$4,045
2026
$4,193
2026
Market capitalization of domestic companies
$114B
2025
$12B
2025
Number of billionaires
3
2026
n/a
Income share by richest 10%
31.9%
2013
27%
2021
Income share by poorest 10%
2.7%
2013
3.1%
2021
Government expenditure, % of GDP
31.3%
2025
34%
2025
Consumer prices inflation
0.7%
2024-2025
5.3%
2024-2025
Central bank interest rate
2.25%
2025
7.5%
2025
Unemployment rate
11.8%
2022
15.1%
2023
Population
38938817
12450912

Spending and national debt comparison by year

Morocco
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Morocco Tunisia
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 34% 81.3%
2024 30.9% 67.7% 35.8% 85.7%
2023 30.2% 68.7% 35.9% 84%
2022 31.8% 71.4% 36.6% 83%
2021 30.1% 69.4% 33.4% 79.7%
2020 34.1% 72.2% 34.5% 77.7%
2019 27% 60.3% 29.5% 67.3%
2018 27.8% 60.5% 28.7% 72.9%
2017 27.9% 60.3% 28.7% 67.1%
2016 28.6% 60.1% 27.2% 58.9%
2015 28.5% 58.4% 27.4% 52.4%
2014 30.7% 58.6% 27.7% 50.7%
2013 30.4% 57.1% 30.8% 45.6%
2012 32.5% 52.3% 28.3% 49%
2011 31.2% 48.6% 27.9% 43.3%
2010 28.7% 45.3% 24% 38.8%
2009 28.1% 42.6% 24.6% 40.3%
2008 28.3% 42% 23.7% 41.4%
2007 26.4% 47.1% 23.3% 42.7%
2006 26% 50.6% 22.9% 45.7%
2005 28.6% 54.8% 23% 50%
2004 24.5% 54.4% 23% 51.6%
2003 24.1% 56.9% 23.5% 52.6%
2002 25.8% 59.4% 24.1% 51.6%
2001 23.7% 60.4% 24% 52.2%
2000 22.8% 64.9% 24% 62.9%
1999 18.4% 63.4% 24% 61.9%
1998 18.7% 64.5% 24.2% 58.2%
1997 18.6% 68% 24.5% 66.6%
1996 17.6% 65.3% 26.7% 66.8%
1995 21.3% 72.2% 26.6% 65.6%
1994 21.7% 69.3% 25.9% 63.9%
1993 23.1% 74.7% 26.7% 63.8%
1992 22.3% 67% 25.7% 62.1%
1991 20.8% 59.1% 27.6% 63.3%
1990 22.6% 70.5% - -

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

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Tunisia spent $19.6B, or 34% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 81.3% in Tunisia, ranking 64/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Tunisia
1x
Year Deficit/surplus, % of GDP
Morocco Tunisia
2025 -3.54% -5.24%
2024 -3.92% -6.36%
2023 -4.41% -7.27%
2022 -5.37% -7%
2021 -5.92% -7.81%
2020 -7.15% -9.06%
2019 -3.8% -3.6%
2018 -3.52% -4.27%
2017 -3.3% -5.61%
2016 -4.49% -5.87%
2015 -4.59% -4.95%
2014 -4.78% -3.11%
2013 -4.7% -7.05%
2012 -6.63% -4.9%
2011 -6.08% -3.19%
2010 -3.93% -0.46%
2009 -1.63% -2.59%
2008 0.63% -0.62%
2007 -0.12% -2.47%
2006 -1.8% -2.33%
2005 -5.46% -2.59%
2004 -3.31% -2.1%
2003 -3.74% -2.64%
2002 -4.37% -2.55%
2001 -3.79% -2.87%
2000 -1.97% -3.22%
1999 3.21% -3.05%
1998 1.47% -2.84%
1997 1.5% -3.7%
1996 0.87% -5.18%
1995 -2.54% -4.53%
1994 -2.51% -2.87%
1993 -2% -3.22%
1992 -1.84% -3.45%
1991 -0.9% -5.25%
1990 -1.32% -

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

GeoRank.org/economy/morocco/tunisia | 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 Tunisia's deficit of $3.01B, or 5.24% of GDP.

Over the past 35 years, Morocco recorded a fiscal deficit in 30 of those years, while Tunisia ran a deficit in 35 years. On average, Morocco posted an annual deficit equal to 2.98% of GDP, compared to deficit of 4.11% of GDP for Tunisia.

Inflation comparison by year

Inflation
Morocco

Tunisia
1x
Year Consumer prices inflation
Morocco Tunisia
2025 0.7% 5.3%
2024 0.99% 7%
2023 6.09% 9.3%
2022 6.66% 8.3%
2021 1.4% 5.7%
2020 0.71% 5.6%
2019 0.3% 6.7%
2018 1.8% 7.3%
2017 0.75% 5.3%
2016 1.64% 3.6%
2015 1.56% 4.4%
2014 0.44% 4.6%
2013 1.88% 5.4%
2012 1.29% 4.6%
2011 0.91% 3.2%
2010 0.99% 4.4%
2009 0.97% 3.5%
2008 3.71% 4.9%
2007 2.04% 3.4%
2006 3.28% 4.1%
2005 0.98% 1.9%
2004 1.49% 3.7%
2003 1.17% 2.7%
2002 2.8% 2.7%
2001 0.62% 1.9%
2000 1.89% 2.8%
1999 0.68% 2.8%
1998 2.75% 3.1%
1997 1.04% 3.6%

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/tunisia | CC BY

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 4.54% in Tunisia. In 2025, inflation was 0.7% in Morocco and 5.3% in Tunisia.

Top exports between countries

Morocco
Export category Export value
Machinery & equipment $105M
Processed food, beverages & tobacco $63.8M
Chemicals & pharma $20.2M
Raw materials & minerals $16.9M
Textiles & consumer goods $13M
Animal & marine products $5.79M
Metals $4.13M
Raw agricultural goods $3.73M
Wood & paper products $1.2M
Miscellaneous $207K
Tunisia
Export category Export value
Machinery & equipment $79.9M
Raw agricultural goods $57.3M
Processed food, beverages & tobacco $32.8M
Chemicals & pharma $25.3M
Textiles & consumer goods $15.4M
Metals $15.1M
Raw materials & minerals $10.1M
Miscellaneous $7.86M
Wood & paper products $7.79M
Animal & marine products $886K

Balance of trade

Morocco Tunisia
Current account balance
-$4.56B
2025
-$775M
2024
Current account balance ranking
163/190
2025
111/190
2024
Current account balance, % of GDP
-2.5%
2025
-1.51%
2024
Goods imports
$77.2B
2025
$18.7B
2024
Goods exports
$43.7B
2025
$8.95B
2024
Service imports
$16.7B
2025
$3.92B
2024
Service exports
$33.6B
2025
$11.2B
2024
Imports of goods and services, % of GDP
51.1%
2025
54.8%
2025
Exports of goods and services, % of GDP
42%
2025
46.7%
2025

Economic freedom indices

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

Morocco Tunisia
Economic freedom 61.8 48.1
Economic freedom ranking 91/197 172/197
Property rights 55.2 55.7
Government integrity 35.6 42.1
Judicial effectiveness 32.5 39.7
Tax burden 65.5 68.5
Government spending 67.5 62.5
Fiscal health 57.5 16
Business freedom 72.1 59.4
Labor freedom 46.2 55.8
Monetary freedom 79.6 72.4
Trade freedom 69.8 54.6
Investment freedom 80 20
Financial freedom 80 30

Economic freedom comparison by year

Morocco
Tunisia
1x
Year Economic freedom index
Morocco Tunisia
2026 61.8 48.1
2025 60.3 49.1
2024 56.8 48.8
2023 58.4 52.9
2022 59.2 54.2
2021 63.3 56.6
2020 63.3 55.8
2019 62.9 55.4
2018 61.9 58.9
2017 61.5 55.7
2016 61.3 57.6
2015 60.1 57.7
2014 58.3 57.3
2013 59.6 57
2012 60.2 58.6
2011 59.6 58.5
2010 59.2 58.9
2009 57.7 58
2008 55.6 60.1
2007 56.4 60.3
2006 51.5 57.5
2005 52.2 55.4
2004 56.7 58.4
2003 57.8 58.1
2002 59 60.2
2001 63.9 60.8
2000 63.2 61.3
1999 63.8 61.1
1998 61.1 63.9
1997 64.7 63.8
1996 64.3 63.9
1995 62.8 63.4

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Tunisia
Services, % of GDP
52.3%
2025
62.7%
2025
Industry, % of GDP
25.2%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
10.3%
2025
GNI, Atlas method
$170B
2025
$53B
2025
GNI per capita, PPP
$10,960
2025
$14,870
2025
Total reserves including gold
$48.5B
2025
$9.34B
2024
Total reserves ranking
50/177
2025
84/177
2024
Net foreign direct investment
-$2.51B
2025
-$725M
2024
Net inflows of foreign direct investment
$1.75B
2024
$760M
2024
Net outflows of foreign direct investment
$679M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
10.9%
2024
Poverty at national poverty lines
3.9%
2022
16.6%
2021
Gross capital formation, % of GDP
31.9%
2025
15.2%
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/tunisia | 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 (2024–2025, 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.