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Economy of Morocco vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $147B for Uzbekistan, ranking 58/197 and 61/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Morocco vs Uzbekistan GDP by year

Morocco
Uzbekistan
1x
Year GDP, current $
Morocco Uzbekistan
2025 $182,374,250,612 $147,038,081,129
2024 $160,610,994,055 $121,356,065,241
2023 $146,036,093,667 $107,526,539,716
2022 $131,245,312,804 $94,286,355,836
2021 $142,022,058,447 $81,170,051,811
2020 $121,353,645,057 $70,127,127,133
2019 $128,920,266,409 $70,170,662,563
2018 $127,341,147,582 $61,318,332,403
2017 $118,540,573,368 $72,276,404,058
2016 $111,572,947,005 $97,871,364,319
2015 $110,413,823,842 $97,564,568,987
2014 $119,130,841,412 $91,303,765,114
2013 $115,739,287,305 $82,674,178,352
2012 $106,937,392,311 $75,318,846,931
2011 $110,080,631,332 $67,404,618,405
2010 $100,865,329,473 $55,544,226,553
2009 $101,154,952,241 $33,689,223,673
2008 $101,822,906,949 $29,549,438,884
2007 $86,947,913,287 $22,311,393,928
2006 $75,883,823,301 $17,330,833,853
2005 $68,852,658,069 $14,307,509,839
2004 $66,114,145,451 $12,030,023,548
2003 $58,029,363,354 $10,134,453,435
2002 $47,077,192,188 $9,687,788,513
2001 $43,831,480,208 $11,401,421,329
2000 $43,017,455,402 $13,760,513,969
1999 $46,266,428,648 $17,078,465,982
1998 $46,497,608,725 $14,988,971,211
1997 $39,147,844,526 $14,744,603,774
1996 $43,161,571,528 $13,948,892,216
1995 $39,030,285,468 $13,350,461,265
1994 $35,604,137,423 $12,899,074,922
1993 $31,655,473,664 $13,099,920,056
1992 $33,711,069,431 $12,953,801,760
1991 $32,285,573,574 $13,800,167,712
1990 $30,179,954,775 $13,362,340,338
1989 $26,314,313,191 $11,948,815,258
1988 $25,705,296,184 $10,722,799,639
1987 $21,765,195,948 $8,523,160,593
1986 $19,462,085,540 -
1985 $14,991,283,216 -
1984 $14,824,667,954 -
1983 $16,251,408,128 -
1982 $17,692,276,734 -
1981 $17,788,185,479 -
1980 $21,728,516,153 -
1979 $15,911,994,817 -
1978 $13,236,946,234 -
1977 $11,049,783,872 -
1976 $9,584,297,284 -
1975 $8,984,853,005 -
1974 $7,675,466,449 -
1973 $6,242,145,880 -
1972 $5,074,117,545 -
1971 $4,356,669,034 -
1970 $3,956,336,244 -
1969 $3,651,622,669 -
1968 $3,271,422,333 -
1967 $3,046,345,314 -
1966 $2,876,401,297 -
1965 $2,948,331,090 -
1964 $2,798,345,299 -
1963 $2,657,252,578 -
1962 $2,379,611,125 -
1961 $2,025,693,540 -
1960 $2,037,154,742 -

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

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

GDP per capita in Morocco vs Uzbekistan by year

Morocco
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $3,968 -
2024 $4,218 $10,415 $3,337 $11,879
2023 $3,872 $9,895 $3,016 $11,107
2022 $3,516 $9,310 $2,699 $10,293
2021 $3,843 $8,623 $2,370 $9,248
2020 $3,317 $7,705 $2,088 $8,452
2019 $3,560 $8,046 $2,129 $8,544
2018 $3,553 $7,801 $1,894 $8,129
2017 $3,344 $8,115 $2,271 $7,818
2016 $3,186 $7,853 $3,128 $6,919
2015 $3,190 $7,799 $3,173 $6,800
2014 $3,483 $7,237 $3,021 $6,610
2013 $3,425 $7,542 $2,781 $6,413
2012 $3,206 $7,308 $2,574 $6,168
2011 $3,345 $7,274 $2,339 $5,949
2010 $3,107 $6,849 $1,957 $5,505
2009 $3,158 $6,629 $1,206 $5,135
2008 $3,222 $6,437 $1,075 $4,800
2007 $2,788 $6,058 $824 $4,386
2006 $2,466 $5,781 $649 $3,956
2005 $2,268 $5,275 $543 $3,618
2004 $2,207 $5,025 $462 $3,321
2003 $1,962 $4,741 $394 $3,047
2002 $1,612 $4,436 $381 $2,902
2001 $1,521 $4,269 $454 $2,782
2000 $1,513 $3,930 $555 $2,644
1999 $1,651 $3,801 $698 $2,522
1998 $1,683 $3,740 $621 $2,418
1997 $1,439 $3,502 $621 $2,329
1996 $1,610 $3,551 $597 $2,214
1995 $1,478 $3,152 $583 $2,178
1994 $1,369 $3,315 $574 $2,197
1993 $1,236 $2,979 $596 $2,318
1992 $1,337 $2,979 $603 $2,371
1991 $1,302 $3,025 $658 $2,676
1990 $1,238 $2,777 $653 $2,665
1989 $1,099 - $598 -
1988 $1,094 - $551 -
1987 $944 - $450 -
1986 $861 - - -
1985 $678 - - -
1984 $687 - - -
1983 $772 - - -
1982 $862 - - -
1981 $890 - - -
1980 $1,117 - - -
1979 $839 - - -
1978 $716 - - -
1977 $613 - - -
1976 $545 - - -
1975 $524 - - -
1974 $459 - - -
1973 $382 - - -
1972 $319 - - -
1971 $280.6 - - -
1970 $261.5 - - -
1969 $247.8 - - -
1968 $228 - - -
1967 $218.1 - - -
1966 $211.5 - - -
1965 $222.7 - - -
1964 $216.9 - - -
1963 $211.3 - - -
1962 $194.2 - - -
1961 $169.8 - - -
1960 $175.2 - - -

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

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

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Morocco Uzbekistan
Gross domestic product
$182B
2025
$147B
2025
GDP rank
58/197
2025
61/197
2025
GDP growth
4.6%
2024-2025
7.7%
2024-2025
GDP per capita
$4,746
2025
$3,968
2025
GDP per capita rank
126/197
2025
134/197
2025
GDP per capita, PPP
$10,415
2024
$11,879
2024
GDP per capita PPP rank
132/197
2024
125/197
2024
Government debt
$122B
2025
$42B
2025
Debt-to-GDP ratio
67.1%
2025
28.6%
2025
Government debt per person
$3,183
2025
$1,134
2025
Government debt per person rank
102/185
2025
139/185
2025
Average annual personal income after taxes
$4,045
2026
$3,560
2026
Market capitalization of domestic companies
$114B
2025
$23.7B
2025
Number of billionaires
3
2026
n/a
Income share by richest 10%
31.9%
2013
24.2%
2025
Income share by poorest 10%
2.7%
2013
2.4%
2025
Government expenditure, % of GDP
31.3%
2025
27.4%
2025
Consumer prices inflation
0.7%
2024-2025
8.8%
2024-2025
Central bank interest rate
2.25%
2025
14%
2025
Unemployment rate
11.8%
2022
5.29%
2020
Population
38938817
38082870

Spending and national debt comparison by year

Morocco
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Morocco Uzbekistan
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 27.4% 28.6%
2024 30.9% 67.7% 26.1% 30.9%
2023 30.2% 68.7% 28.6% 30.7%
2022 31.8% 71.4% 30% 29.2%
2021 30.1% 69.4% 26.1% 30.2%
2020 34.1% 72.2% 24.7% 31.9%
2019 27% 60.3% 23.4% 24.3%
2018 27.8% 60.5% 21.2% 16.7%
2017 27.9% 60.3% 19.9% 17.3%
2016 28.6% 60.1% 20.5% 7.21%
2015 28.5% 58.4% 21.7% 5.94%
2014 30.7% 58.6% 22% 5.39%
2013 30.4% 57.1% 22.3% 5.51%
2012 32.5% 52.3% 21.5% 6.06%
2011 31.2% 48.6% 21.1% 5.65%
2010 28.7% 45.3% 23.7% 5.92%
2009 28.1% 42.6% 24.7% 6.57%
2008 28.3% 42% 23.8% 7.5%
2007 26.4% 47.1% 22.4% 8.6%
2006 26% 50.6% 22.3% 12.2%
2005 28.6% 54.8% 25.3% 18.9%
2004 24.5% 54.4% 26.5% 24.2%
2003 24.1% 56.9% 28.4% 28.3%
2002 25.8% 59.4% 31.2% 37.5%
2001 23.7% 60.4% 27.6% 40.4%
2000 22.8% 64.9% 29.6% 26.5%
1999 18.4% 63.4% 30.3% 16.6%
1998 18.7% 64.5% 31.6% 16.2%
1997 18.6% 68% 28.7% 13.8%
1996 17.6% 65.3% 31.6% -
1995 21.3% 72.2% 26.5% -
1994 21.7% 69.3% 24.4% -
1993 23.1% 74.7% 35.6% -
1992 22.3% 67% 16.2% -
1991 20.8% 59.1% - -
1990 22.6% 70.5% - -

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

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 28.6% in Uzbekistan, ranking 64/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Morocco Uzbekistan
2025 -3.54% -1.66%
2024 -3.92% -2.25%
2023 -4.41% -3.85%
2022 -5.37% -3.49%
2021 -5.92% -3.9%
2020 -7.15% -2.8%
2019 -3.8% -0.29%
2018 -3.52% 1.57%
2017 -3.3% 1.04%
2016 -4.49% 0.62%
2015 -4.59% -0.24%
2014 -4.78% 1.68%
2013 -4.7% 1.9%
2012 -6.63% 5.28%
2011 -6.08% 4.56%
2010 -3.93% 2.29%
2009 -1.63% 1.64%
2008 0.63% 5.38%
2007 -0.12% 3.2%
2006 -1.8% 2.45%
2005 -5.46% -3.17%
2004 -3.31% -3.37%
2003 -3.74% -4.39%
2002 -4.37% -5.69%
2001 -3.79% -2.95%
2000 -1.97% -3.29%
1999 3.21% -2.62%
1998 1.47% -2.74%
1997 1.5% -1.85%
1996 0.87% -1.41%
1995 -2.54% -1.59%
1994 -2.51% -4.03%
1993 -2% -10.8%
1992 -1.84% 6.44%
1991 -0.9% -
1990 -1.32% -

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

GeoRank.org/economy/morocco/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Morocco recorded a fiscal deficit in 29 of those years, while Uzbekistan ran a deficit in 21 years. On average, Morocco posted an annual deficit equal to 3.05% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Morocco

Uzbekistan
1x
Year Consumer prices inflation
Morocco Uzbekistan
2025 0.7% 8.8%
2024 0.99% 9.6%
2023 6.09% 10%
2022 6.66% 11.4%
2021 1.4% 10.8%
2020 0.71% 12.9%
2019 0.3% 14.5%
2018 1.8% 17.5%
2017 0.75% 13.9%
2016 1.64% 8.8%
2015 1.56% 8.5%
2014 0.44% 9.1%
2013 1.88% 11.7%
2012 1.29% 11.9%
2011 0.91% 12.4%
2010 0.99% 12.3%
2009 0.97% 12.3%
2008 3.71% 13.1%
2007 2.04% 11.2%
2006 3.28% 13.1%
2005 0.98% 10.7%
2004 1.49% 7.3%
2003 1.17% 12.5%
2002 2.8% 27.3%
2001 0.62% 27.3%
2000 1.89% 25%
1999 0.68% 29.1%
1998 2.75% 29%
1997 1.04% 70.9%

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/uzbekistan | CC BY

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 16.3% in Uzbekistan. In 2025, inflation was 0.7% in Morocco and 8.8% in Uzbekistan.

Top exports between countries

Morocco
Export category Export value
Machinery & equipment $1.18M
Chemicals & pharma $32K
Metals $1K
Processed food, beverages & tobacco $1K
Uzbekistan
Export category Export value
Textiles & consumer goods $5.96M
Raw materials & minerals $5.87M
Raw agricultural goods $260K

Balance of trade

Morocco Uzbekistan
Current account balance
-$4.56B
2025
-$5.78B
2025
Current account balance ranking
163/190
2025
167/190
2025
Current account balance, % of GDP
-2.5%
2025
-3.93%
2025
Goods imports
$77.2B
2025
$38.5B
2025
Goods exports
$43.7B
2025
$23B
2025
Service imports
$16.7B
2025
$13.6B
2025
Service exports
$33.6B
2025
$9.27B
2025
Imports of goods and services, % of GDP
51.1%
2025
35.4%
2025
Exports of goods and services, % of GDP
42%
2025
22%
2025

Economic freedom indices

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

Morocco Uzbekistan
Economic freedom 61.8 60.3
Economic freedom ranking 91/197 94/197
Property rights 55.2 43.1
Government integrity 35.6 32
Judicial effectiveness 32.5 13.7
Tax burden 65.5 95
Government spending 67.5 73.7
Fiscal health 57.5 79.9
Business freedom 72.1 62.5
Labor freedom 46.2 48.4
Monetary freedom 79.6 65.1
Trade freedom 69.8 80.6
Investment freedom 80 70
Financial freedom 80 60

Economic freedom comparison by year

Morocco
Uzbekistan
1x
Year Economic freedom index
Morocco Uzbekistan
2026 61.8 60.3
2025 60.3 58
2024 56.8 55.9
2023 58.4 56.5
2022 59.2 55.7
2021 63.3 58.3
2020 63.3 57.2
2019 62.9 53.3
2018 61.9 51.5
2017 61.5 52.3
2016 61.3 46
2015 60.1 47
2014 58.3 46.5
2013 59.6 46
2012 60.2 45.8
2011 59.6 45.8
2010 59.2 47.5
2009 57.7 50.5
2008 55.6 51.9
2007 56.4 51.5
2006 51.5 48.7
2005 52.2 45.8
2004 56.7 39.1
2003 57.8 38.3
2002 59 38.5
2001 63.9 38.2
2000 63.2 38.1
1999 63.8 33.8
1998 61.1 31.5
1997 64.7 -
1996 64.3 -
1995 62.8 -

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Uzbekistan
Services, % of GDP
52.3%
2025
46.5%
2025
Industry, % of GDP
25.2%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
16.6%
2025
GNI, Atlas method
$170B
2025
$136B
2025
GNI per capita, PPP
$10,960
2025
$13,640
2025
Total reserves including gold
$48.5B
2025
$41.2B
2024
Total reserves ranking
50/177
2025
53/177
2024
Net foreign direct investment
-$2.51B
2025
-$4.24B
2025
Net inflows of foreign direct investment
$1.75B
2024
$2.97B
2024
Net outflows of foreign direct investment
$679M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
9.37%
2024
Poverty at national poverty lines
3.9%
2022
5.8%
2025
Gross capital formation, % of GDP
31.9%
2025
33.3%
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/uzbekistan | 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 (2023–2025, 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.