Skip to content

Economy of Morocco vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $41.5B for Zimbabwe, ranking 58/197 and 102/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Morocco vs Zimbabwe GDP by year

Morocco
Zimbabwe
1x
Year GDP, current $
Morocco Zimbabwe
2024 $160,610,994,055 $41,539,411,516
2023 $146,036,093,667 $35,871,779,681
2022 $131,245,312,804 $40,757,561,709
2021 $142,022,058,447 $41,287,673,690
2020 $121,353,645,057 $31,980,334,561
2019 $128,920,266,409 $33,357,695,635
2018 $127,341,147,582 $34,141,666,667
2017 $118,540,573,368 $51,035,657,371
2016 $111,572,947,005 $20,559,250,000
2015 $110,413,823,842 $19,973,250,000
2014 $119,130,841,412 $19,505,500,000
2013 $115,739,287,305 $19,100,750,000
2012 $106,937,392,311 $17,123,500,000
2011 $110,080,631,332 $14,109,000,000
2010 $100,865,329,473 $12,047,750,000
2009 $101,154,952,241 $9,670,750,000
2008 $101,822,906,949 $4,418,000,000
2007 $86,947,913,287 $5,294,750,000
2006 $75,883,823,301 $5,446,750,000
2005 $68,852,658,069 $5,758,250,000
2004 $66,114,145,451 $5,808,500,000
2003 $58,029,363,354 $5,730,500,000
2002 $47,077,192,188 $6,345,250,000
2001 $43,831,480,208 $6,780,750,000
2000 $43,017,455,402 $6,693,250,000
1999 $46,266,428,648 $6,861,500,000
1998 $46,497,608,725 $6,405,250,000
1997 $39,147,844,526 $8,534,000,000
1996 $43,161,571,528 $8,557,500,000
1995 $39,030,285,468 $7,115,000,000
1994 $35,604,137,423 $6,894,250,000
1993 $31,655,473,664 $6,567,250,000
1992 $33,711,069,431 $6,755,000,000
1991 $32,285,573,574 $8,646,000,000
1990 $30,179,954,775 $8,788,301,546
1989 $26,314,313,191 $8,290,553,535
1988 $25,705,296,184 $7,818,774,177
1987 $21,765,195,948 $6,744,657,033
1986 $19,462,085,540 $6,220,698,247
1985 $14,991,283,216 $5,640,137,575
1984 $14,824,667,954 $6,355,369,172
1983 $16,251,408,128 $7,768,031,182
1982 $17,692,276,734 $8,544,060,905
1981 $17,788,185,479 $8,015,464,252
1980 $21,728,516,153 $6,682,278,300
1979 $15,911,994,817 $5,180,102,910
1978 $13,236,946,234 $4,353,822,343
1977 $11,049,783,872 $4,366,610,469
1976 $9,584,297,284 $4,320,576,877
1975 $8,984,853,005 $4,373,532,601
1974 $7,675,466,449 $3,984,194,614
1973 $6,242,145,880 $3,311,043,292
1972 $5,074,117,545 $2,679,096,597
1971 $4,356,669,034 $2,179,828,710
1970 $3,956,336,244 $1,885,168,339
1969 $3,651,622,669 $1,748,891,294
1968 $3,271,422,333 $1,480,355,355
1967 $3,046,345,314 $1,397,715,282
1966 $2,876,401,297 $1,282,403,936
1965 $2,948,331,090 $1,312,105,394
1964 $2,798,345,299 $1,217,759,447
1963 $2,657,252,578 $1,160,103,724
1962 $2,379,611,125 $1,118,172,226
1961 $2,025,693,540 $1,097,206,526
1960 $2,037,154,742 $1,053,528,036

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

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

GDP per capita in Morocco vs Zimbabwe by year

Morocco
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 $2,497 $5,928
2023 $3,872 $9,895 $2,195 $5,791
2022 $3,516 $9,310 $2,536 $5,396
2021 $3,843 $8,623 $2,614 $4,827
2020 $3,317 $7,705 $2,060 $4,179
2019 $3,560 $8,046 $2,184 $4,166
2018 $3,553 $7,801 $2,271 $3,993
2017 $3,344 $8,115 $3,445 $10,756
2016 $3,186 $7,853 $1,408 $4,275
2015 $3,190 $7,799 $1,387 $4,046
2014 $3,483 $7,237 $1,373 $3,903
2013 $3,425 $7,542 $1,363 $3,784
2012 $3,206 $7,308 $1,239 $3,472
2011 $3,345 $7,274 $1,038 $3,047
2010 $3,107 $6,849 $902 $2,661
2009 $3,158 $6,629 $736 $2,233
2008 $3,222 $6,437 $341 $1,987
2007 $2,788 $6,058 $414 $2,396
2006 $2,466 $5,781 $431 $2,454
2005 $2,268 $5,275 $461 $2,496
2004 $2,207 $5,025 $470 $2,591
2003 $1,962 $4,741 $468 $2,708
2002 $1,612 $4,436 $525 $3,238
2001 $1,521 $4,269 $566 $3,533
2000 $1,513 $3,930 $563 $3,429
1999 $1,651 $3,801 $582 $3,491
1998 $1,683 $3,740 $552 $3,527
1997 $1,439 $3,502 $751 $3,457
1996 $1,610 $3,551 $767 $3,372
1995 $1,478 $3,152 $648 $3,051
1994 $1,369 $3,315 $634 $3,012
1993 $1,236 $2,979 $605 $2,703
1992 $1,337 $2,979 $631 $2,651
1991 $1,302 $3,025 $831 $2,930
1990 $1,238 $2,777 $867 $2,757
1989 $1,099 - $840 -
1988 $1,094 - $816 -
1987 $944 - $726 -
1986 $861 - $693 -
1985 $678 - $649 -
1984 $687 - $757 -
1983 $772 - $959 -
1982 $862 - $1,096 -
1981 $890 - $1,069 -
1980 $1,117 - $949 -
1979 $839 - $779 -
1978 $716 - $665 -
1977 $613 - $677 -
1976 $545 - $687 -
1975 $524 - $717 -
1974 $459 - $674 -
1973 $382 - $579 -
1972 $319 - $483 -
1971 $280.6 - $406 -
1970 $261.5 - $361 -
1969 $247.8 - $346 -
1968 $228 - $302 -
1967 $218.1 - $294.4 -
1966 $211.5 - $278.7 -
1965 $222.7 - $294.3 -
1964 $216.9 - $281.9 -
1963 $211.3 - $277.1 -
1962 $194.2 - $275.7 -
1961 $169.8 - $279.2 -
1960 $175.2 - $276.6 -

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

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

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Morocco Zimbabwe
Gross domestic product
$161B
2024
$41.5B
2024
GDP rank
58/197
2024
102/197
2024
GDP growth
3.79%
2023-2024
1.74%
2023-2024
GDP per capita
$4,218
2024
$2,497
2024
GDP per capita rank
127/197
2024
148/197
2024
GDP per capita, PPP
$10,415
2024
$5,928
2024
GDP per capita PPP rank
132/197
2024
154/197
2024
Government debt
$109B
2024
$30.3B
2024
Debt-to-GDP ratio
67.7%
2024
73%
2024
Government debt per person
$2,857
2024
$1,824
2024
Government debt per person rank
104/185
2024
121/185
2024
Average annual personal income after taxes
$5,678
2026
$2,897
2026
Market capitalization of domestic companies
$74.5B
2024
$2.46B
1999
Number of billionaires
3
2025
1
2025
Income share by richest 10%
31.9%
2013
40.5%
2019
Income share by poorest 10%
2.7%
2013
1.9%
2019
Government expenditure, % of GDP
33%
2024
12.9%
2024
Consumer prices inflation
0.99%
2023-2024
736%
2023-2024
Central bank interest rate
2.25%
2025
35%
2024
Unemployment rate
11.8%
2022
12.1%
2024
Population
38871720
17361868

Spending and national debt comparison by year

Morocco
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Morocco Zimbabwe
Government spending Government debt Government spending Government debt
2024 33% 67.7% 12.9% 73%
2023 32% 68.7% 15.5% 76.1%
2022 33.7% 71.4% 14.4% 66.8%
2021 31% 69.4% 12.8% 39.9%
2020 34.1% 72.2% 9.27% 56.8%
2019 27.6% 60.3% 9.36% 53.9%
2018 27.8% 60.5% 13.9% 33%
2017 27.9% 60.3% 19.8% 49%
2016 28.6% 60.1% 16.6% 35.1%
2015 28.5% 58.4% 14.7% 34.1%
2014 30.7% 58.6% 14.1% 29.2%
2013 30.4% 57.1% 14.7% 26.4%
2012 32.5% 52.3% 14.6% 27.2%
2011 31.2% 48.6% 16.2% 30%
2010 28.7% 45.3% 12.8% 33.2%
2009 28.1% 42.6% 7.93% 39.7%
2008 28.3% 42% 2.54% 41.3%
2007 26.4% 47.1% 3.43% 30.2%
2006 26% 50.6% 5.72% 26.7%
2005 28.6% 54.8% 10.5% 22.4%
2004 24.5% 54.4% - -
2003 24.1% 56.9% - -
2002 25.8% 59.4% - -
2001 23.7% 60.4% - -
2000 22.8% 64.9% - -
1999 18.4% 63.4% - -
1998 18.7% 64.5% - -
1997 18.6% 68% - -
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% - -
1990 22.6% 70.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 73% in Zimbabwe, ranking 60/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Morocco Zimbabwe
2024 -3.92% -1.06%
2023 -4.41% -3.9%
2022 -5.37% -3.3%
2021 -5.92% -2.24%
2020 -7.15% -0.34%
2019 -3.8% -1.72%
2018 -3.52% -3.81%
2017 -3.3% -7.37%
2016 -4.49% -4.63%
2015 -4.59% -1.45%
2014 -4.78% -0.71%
2013 -4.7% -0.69%
2012 -6.63% -0.13%
2011 -6.08% -1.72%
2010 -3.93% -0.11%
2009 -1.63% -1.39%
2008 0.63% -1.2%
2007 -0.12% -1.67%
2006 -1.8% -1.4%
2005 -5.46% -3.46%
2004 -3.31% -
2003 -3.74% -
2002 -4.37% -
2001 -3.79% -
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% -
1990 -1.32% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/morocco/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Morocco recorded a fiscal deficit in 19 of those years, while Zimbabwe ran a deficit in 20 years. On average, Morocco posted an annual deficit equal to 4.05% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Morocco

Zimbabwe
1x
Year Consumer prices inflation
Morocco Zimbabwe
2024 0.99% 736%
2023 6.09% 667%
2022 6.66% 193.4%
2021 1.4% 98.5%
2020 0.71% 557%
2019 0.3% 255.3%
2018 1.8% 10.6%
2017 0.75% 0.9%
2016 1.64% -1.6%
2015 1.56% -2.4%
2014 0.44% -0.2%
2013 1.88% 1.6%
2012 1.29% 3.7%
2011 0.91% 3.5%
2010 0.99% 3%
2009 0.97% 6.2%
2008 3.71% 157%
2007 2.04% -72.7%
2006 3.28% 33%
2005 0.98% -31.5%
2004 1.49% 113.6%
2003 1.17% -8.6%
2002 2.8% -34.4%
2001 0.62% -37.2%
2000 1.89% 4.5%
1999 0.68% -13.4%
1998 2.75% -28%
1997 1.04% -1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Morocco has recorded an average annual inflation rate of 1.82%, compared with 93.4% in Zimbabwe. In 2024, inflation was 0.99% in Morocco and 736% in Zimbabwe.

Top exports between countries

Morocco
Export category Export value
Machinery & equipment $362K
Chemicals & pharma $26K
Textiles & consumer goods $12K
Metals $2K
Raw materials & minerals $1K
Zimbabwe
Export category Export value
Processed food, beverages & tobacco $221K
Raw materials & minerals $61K
Wood & paper products $21K
Textiles & consumer goods $2K

Balance of trade

Morocco Zimbabwe
Current account balance
-$1.87B
2024
$501M
2024
Current account balance ranking
141/190
2024
62/190
2024
Current account balance, % of GDP
-1.16%
2024
+1.21%
2024
Goods imports
$66.5B
2024
$9.06B
2024
Goods exports
$39.3B
2024
$7.79B
2024
Service imports
$14.3B
2024
$1.66B
2024
Service exports
$28.2B
2024
$457M
2024
Imports of goods and services, % of GDP
50.2%
2024
23.4%
2024
Exports of goods and services, % of GDP
42%
2024
18%
2024

Economic freedom indices

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

Morocco Zimbabwe
Economic freedom 61.8 35.2
Economic freedom ranking 91/197 190/197
Property rights 55.2 19.4
Government integrity 35.6 20.7
Judicial effectiveness 32.5 16.8
Tax burden 65.5 73.6
Government spending 67.5 93.9
Fiscal health 57.5 52.4
Business freedom 72.1 42
Labor freedom 46.2 33.3
Monetary freedom 79.6 0
Trade freedom 69.8 50.4
Investment freedom 80 10
Financial freedom 80 10

Economic freedom comparison by year

Morocco
Zimbabwe
1x
Year Economic freedom index
Morocco Zimbabwe
2026 61.8 35.2
2025 60.3 35.1
2024 56.8 38.2
2023 58.4 39
2022 59.2 33.1
2021 63.3 39.5
2020 63.3 43.1
2019 62.9 40.4
2018 61.9 44
2017 61.5 44
2016 61.3 38.2
2015 60.1 37.6
2014 58.3 35.5
2013 59.6 28.6
2012 60.2 26.3
2011 59.6 22.1
2010 59.2 21.4
2009 57.7 22.7
2008 55.6 29.5
2007 56.4 32
2006 51.5 33.5
2005 52.2 35.2
2004 56.7 34.4
2003 57.8 36.7
2002 59 36.7
2001 63.9 38.8
2000 63.2 48.7
1999 63.8 47.2
1998 61.1 44.6
1997 64.7 48
1996 64.3 46.7
1995 62.8 48.5

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

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

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Zimbabwe
Services, % of GDP
52.7%
2024
50.6%
2024
Industry, % of GDP
25.6%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
8.69%
2024
GNI, Atlas method
$149B
2024
$39.9B
2024
GNI per capita, PPP
$10,260
2024
$5,870
2024
Total reserves including gold
$37.1B
2024
$485M
2024
Total reserves ranking
52/177
2024
157/177
2024
Net foreign direct investment
-$948M
2024
-$465M
2024
Net inflows of foreign direct investment
$1.64B
2024
$465M
2024
Net outflows of foreign direct investment
$691M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
3.44%
2024
Poverty at national poverty lines
3.9%
2022
38.3%
2019
Gross capital formation, % of GDP
30.1%
2024
8.85%
2024

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/zimbabwe | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.