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Economy of Morocco vs Vanuatu compared: GDP & Debt

Updated on by Georank

Morocco has a GDP of $182B compared to $1.35B for Vanuatu, ranking 58/197 and 185/197 by economy size, respectively.

Morocco has $122B in government debt (67.1% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Morocco vs Vanuatu GDP by year

Morocco
Vanuatu
1x
Year GDP, current $
Morocco Vanuatu
2025 $182,374,250,612 $1,353,658,841
2024 $160,610,994,055 $1,297,956,615
2023 $146,036,093,667 $1,188,137,265
2022 $131,245,312,804 $1,151,863,790
2021 $142,022,058,447 $1,093,826,089
2020 $121,353,645,057 $1,017,403,363
2019 $128,920,266,409 $1,061,547,513
2018 $127,341,147,582 $1,034,402,941
2017 $118,540,573,368 $998,536,155
2016 $111,572,947,005 $908,725,513
2015 $110,413,823,842 $855,360,240
2014 $119,130,841,412 $879,185,478
2013 $115,739,287,305 $863,347,172
2012 $106,937,392,311 $747,839,698
2011 $110,080,631,332 $770,153,588
2010 $100,865,329,473 $670,712,980
2009 $101,154,952,241 $592,622,319
2008 $101,822,906,949 $590,748,429
2007 $86,947,913,287 $516,392,923
2006 $75,883,823,301 $439,358,587
2005 $68,852,658,069 $394,962,433
2004 $66,114,145,451 $364,996,869
2003 $58,029,363,354 $314,471,413
2002 $47,077,192,188 $262,596,536
2001 $43,831,480,208 $257,926,882
2000 $43,017,455,402 $272,014,628
1999 $46,266,428,648 $268,006,973
1998 $46,497,608,725 $262,293,411
1997 $39,147,844,526 $272,771,209
1996 $43,161,571,528 $261,370,044
1995 $39,030,285,468 $249,333,250
1994 $35,604,137,423 $233,701,301
1993 $31,655,473,664 $200,491,853
1992 $33,711,069,431 $209,088,825
1991 $32,285,573,574 $201,334,169
1990 $30,179,954,775 $168,879,207
1989 $26,314,313,191 $154,013,202
1988 $25,705,296,184 $158,351,368
1987 $21,765,195,948 $139,464,174
1986 $19,462,085,540 $126,498,935
1985 $14,991,283,216 $131,856,421
1984 $14,824,667,954 $144,482,515
1983 $16,251,408,128 $117,389,554
1982 $17,692,276,734 $114,501,913
1981 $17,788,185,479 $113,781,796
1980 $21,728,516,153 $121,185,498
1979 $15,911,994,817 $119,258,835
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/vanuatu | CC BY

GDP per capita in Morocco vs Vanuatu by year

Morocco
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,746 - $4,039 -
2024 $4,218 $10,415 $3,960 $3,606
2023 $3,872 $9,895 $3,708 $3,568
2022 $3,516 $9,310 $3,680 $3,453
2021 $3,843 $8,623 $3,576 $3,136
2020 $3,317 $7,705 $3,404 $3,118
2019 $3,560 $8,046 $3,636 $3,315
2018 $3,553 $7,801 $3,626 $3,233
2017 $3,344 $8,115 $3,585 $3,146
2016 $3,186 $7,853 $3,340 $3,030
2015 $3,190 $7,799 $3,214 $2,966
2014 $3,483 $7,237 $3,378 $2,890
2013 $3,425 $7,542 $3,393 $2,832
2012 $3,206 $7,308 $3,005 $2,834
2011 $3,345 $7,274 $3,163 $2,816
2010 $3,107 $6,849 $2,815 $2,733
2009 $3,158 $6,629 $2,546 $2,730
2008 $3,222 $6,437 $2,604 $2,701
2007 $2,788 $6,058 $2,334 $2,573
2006 $2,466 $5,781 $2,035 $2,496
2005 $2,268 $5,275 $1,874 $2,287
2004 $2,207 $5,025 $1,774 $2,157
2003 $1,962 $4,741 $1,567 $2,070
2002 $1,612 $4,436 $1,341 $1,995
2001 $1,521 $4,269 $1,350 $2,125
2000 $1,513 $3,930 $1,460 $2,206
1999 $1,651 $3,801 $1,472 $2,084
1998 $1,683 $3,740 $1,471 $2,091
1997 $1,439 $3,502 $1,562 $2,087
1996 $1,610 $3,551 $1,529 $1,998
1995 $1,478 $3,152 $1,492 $1,961
1994 $1,369 $3,315 $1,431 $1,946
1993 $1,236 $2,979 $1,257 $1,789
1992 $1,337 $2,979 $1,344 $1,777
1991 $1,302 $3,025 $1,326 $1,737
1990 $1,238 $2,777 $1,141 $1,670
1989 $1,099 - $1,067 -
1988 $1,094 - $1,125 -
1987 $944 - $1,017 -
1986 $861 - $946 -
1985 $678 - $1,012 -
1984 $687 - $1,137 -
1983 $772 - $947 -
1982 $862 - $946 -
1981 $890 - $962 -
1980 $1,117 - $1,048 -
1979 $839 - $1,055 -
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/vanuatu | CC BY

Morocco's GDP per capita is $4,746, ranking 126/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Vanuatu ranks 170th at $3,606.

Economic indicators

Morocco Vanuatu
Gross domestic product
$182B
2025
$1.35B
2025
GDP rank
58/197
2025
185/197
2025
GDP growth
4.6%
2024-2025
3.05%
2024-2025
GDP per capita
$4,746
2025
$4,039
2025
GDP per capita rank
126/197
2025
133/197
2025
GDP per capita, PPP
$10,415
2024
$3,606
2024
GDP per capita PPP rank
132/197
2024
170/197
2024
Government debt
$122B
2025
$554M
2025
Debt-to-GDP ratio
67.1%
2025
40.9%
2025
Government debt per person
$3,183
2025
$1,654
2025
Government debt per person rank
102/185
2025
125/185
2025
Average annual personal income after taxes
$4,045
2026
$2,801
2026
Market capitalization of domestic companies
$114B
2025
n/a
Number of billionaires
3
2026
n/a
Income share by richest 10%
31.9%
2013
24.7%
2019
Income share by poorest 10%
2.7%
2013
3%
2019
Government expenditure, % of GDP
31.3%
2025
35.5%
2025
Consumer prices inflation
0.7%
2024-2025
0.66%
2024-2025
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
11.8%
2022
1.41%
2025
Population
38938817
346488

Spending and national debt comparison by year

Morocco
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Morocco Vanuatu
Government spending Government debt Government spending Government debt
2025 31.3% 67.1% 35.5% 40.9%
2024 30.9% 67.7% 33.1% 39.1%
2023 30.2% 68.7% 38.9% 39.2%
2022 31.8% 71.4% 38.5% 39.2%
2021 30.1% 69.4% 38.6% 42.2%
2020 34.1% 72.2% 38.8% 42.9%
2019 27% 60.3% 35.1% 39.8%
2018 27.8% 60.5% 29.4% 40%
2017 27.9% 60.3% 32.7% 46.4%
2016 28.6% 60.1% 31.2% 37.6%
2015 28.5% 58.4% 38.1% 32.2%
2014 30.7% 58.6% 20.5% 17.8%
2013 30.4% 57.1% 20.1% 16.4%
2012 32.5% 52.3% 22.1% 17.4%
2011 31.2% 48.6% 22.7% 19.3%
2010 28.7% 45.3% 25.6% 18.3%
2009 28.1% 42.6% 24.9% 19.1%
2008 28.3% 42% 25.1% 19.2%
2007 26.4% 47.1% 20.3% 17.6%
2006 26% 50.6% 18.2% 20%
2005 28.6% 54.8% 16.5% 23.8%
2004 24.5% 54.4% 16.7% 27.5%
2003 24.1% 56.9% 17% 34.6%
2002 25.8% 59.4% 20.2% 35.1%
2001 23.7% 60.4% 20.2% 33.5%
2000 22.8% 64.9% 23% 32.6%
1999 18.4% 63.4% 21.6% 27.7%
1998 18.7% 64.5% 25.2% 25.4%
1997 18.6% 68% 20.1% 20.7%
1996 17.6% 65.3% 22.1% 20.8%
1995 21.3% 72.2% 25.3% 21.8%
1994 21.7% 69.3% 22% 19.5%
1993 23.1% 74.7% 23.7% 18.3%
1992 22.3% 67% 28.8% 19%
1991 20.8% 59.1% 30% 14.4%
1990 22.6% 70.5% - -

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

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

In 2025, Morocco's government spending was $57B, accounting for 31.3% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 67.1% in Morocco and 40.9% in Vanuatu, ranking 64/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Vanuatu
1x
Year Deficit/surplus, % of GDP
Morocco Vanuatu
2025 -3.54% -3.88%
2024 -3.92% -2.46%
2023 -4.41% -0.78%
2022 -5.37% -5.96%
2021 -5.92% 2.07%
2020 -7.15% -1.74%
2019 -3.8% 2.48%
2018 -3.52% 5.53%
2017 -3.3% -1.06%
2016 -4.49% -0.64%
2015 -4.59% -8.13%
2014 -4.78% 1.26%
2013 -4.7% -0.22%
2012 -6.63% -1.54%
2011 -6.08% -1.98%
2010 -3.93% -2.38%
2009 -1.63% -0.76%
2008 0.63% -0.04%
2007 -0.12% 0.25%
2006 -1.8% 0.44%
2005 -5.46% 1.68%
2004 -3.31% 0.72%
2003 -3.74% -1.22%
2002 -4.37% -3.29%
2001 -3.79% -3.01%
2000 -1.97% -5.67%
1999 3.21% -0.5%
1998 1.47% -6.01%
1997 1.5% -0.46%
1996 0.87% -1.61%
1995 -2.54% -2.34%
1994 -2.51% -1.35%
1993 -2% -3.32%
1992 -1.84% -2.1%
1991 -0.9% -2.54%
1990 -1.32% -

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

GeoRank.org/economy/morocco/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Morocco recorded a fiscal deficit in 30 of those years, while Vanuatu ran a deficit in 27 years. On average, Morocco posted an annual deficit equal to 2.98% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Morocco

Vanuatu
1x
Year Consumer prices inflation
Morocco Vanuatu
2025 0.7% 0.66%
2024 0.99% 1.14%
2023 6.09% 11.2%
2022 6.66% 6.68%
2021 1.4% 2.34%
2020 0.71% 5.33%
2019 0.3% 2.76%
2018 1.8% 2.33%
2017 0.75% 3.08%
2016 1.64% 0.84%
2015 1.56% 2.48%
2014 0.44% 0.8%
2013 1.88% 1.46%
2012 1.29% 1.35%
2011 0.91% 0.87%
2010 0.99% 2.76%
2009 0.97% 4.3%
2008 3.71% 4.84%
2007 2.04% 3.94%
2006 3.28% 2.04%
2005 0.98% 1.2%
2004 1.49% 1.42%
2003 1.17% 3.02%
2002 2.8% 1.96%
2001 0.62% 3.58%
2000 1.89% 2.54%
1999 0.68% 2%
1998 2.75% 3.28%
1997 1.04% 2.83%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Morocco has recorded an average annual inflation rate of 1.78%, compared with 2.86% in Vanuatu. In 2025, inflation was 0.7% in Morocco and 0.66% in Vanuatu.

Top exports between countries

Morocco
Export category Export value
Vanuatu
Export category Export value
Miscellaneous $9K

Balance of trade

Morocco Vanuatu
Current account balance
-$4.56B
2025
-$127M
2022
Current account balance ranking
163/190
2025
83/190
2022
Current account balance, % of GDP
-2.5%
2025
-11.1%
2022
Goods imports
$77.2B
2025
$350M
2022
Goods exports
$43.7B
2025
$73.6M
2022
Service imports
$16.7B
2025
$230M
2022
Service exports
$33.6B
2025
$78.5M
2022
Imports of goods and services, % of GDP
51.1%
2025
48%
2024
Exports of goods and services, % of GDP
42%
2025
25.3%
2024

Economic freedom indices

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

Morocco Vanuatu
Economic freedom 61.8 61.1
Economic freedom ranking 91/197 92/197
Property rights 55.2 62.1
Government integrity 35.6 48.3
Judicial effectiveness 32.5 67.9
Tax burden 65.5 96.9
Government spending 67.5 48.1
Fiscal health 57.5 78.8
Business freedom 72.1 50.3
Labor freedom 46.2 41
Monetary freedom 79.6 72.1
Trade freedom 69.8 62
Investment freedom 80 65
Financial freedom 80 40

Economic freedom comparison by year

Morocco
Vanuatu
1x
Year Economic freedom index
Morocco Vanuatu
2026 61.8 61.1
2025 60.3 61.8
2024 56.8 62.2
2023 58.4 62.1
2022 59.2 62.9
2021 63.3 60.5
2020 63.3 60.7
2019 62.9 56.4
2018 61.9 69.5
2017 61.5 67.4
2016 61.3 60.8
2015 60.1 61.1
2014 58.3 59.5
2013 59.6 56.6
2012 60.2 56.6
2011 59.6 56.7
2010 59.2 56.4
2009 57.7 58.4
2008 55.6 -
2007 56.4 -
2006 51.5 -
2005 52.2 -
2004 56.7 -
2003 57.8 -
2002 59 -
2001 63.9 -
2000 63.2 -
1999 63.8 -
1998 61.1 -
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/vanuatu | CC BY

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Vanuatu
Services, % of GDP
52.3%
2025
56.8%
2024
Industry, % of GDP
25.2%
2025
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
10.5%
2025
26.6%
2024
GNI, Atlas method
$170B
2025
$1.48B
2025
GNI per capita, PPP
$10,960
2025
$4,970
2025
Total reserves including gold
$48.5B
2025
$615M
2024
Total reserves ranking
50/177
2025
152/177
2024
Net foreign direct investment
-$2.51B
2025
-$9.21M
2022
Net inflows of foreign direct investment
$1.75B
2024
$28.9M
2024
Net outflows of foreign direct investment
$679M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
1.88%
2024
Poverty at national poverty lines
3.9%
2022
15.9%
2020
Gross capital formation, % of GDP
31.9%
2025
26.1%
2024

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/vanuatu | 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2011, 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.