Prices & public finance · Middle East, North Africa, Afghanistan & Pakistan · Lower-middle income
Morocco: prices, money and public finance
Inflation is 0.7% (2025), 153rd of 180 in the world and 17th of 21 in the Middle East & North Africa. GDP deflator is 2.1% (2025), 147th of 209 in the world and 11th of 22 in the Middle East & North Africa. Exchange rate is 9.35 (2025), 108th of 210 in the world and 11th of 22 in the Middle East & North Africa.
Inflation
MoroccoMiddle East, North Africa, A…Lower-middle incomeWorld
GDP deflator
MoroccoMiddle East, North Africa, A…Lower-middle incomeWorld
12 indicators
Prices & public finance: Morocco in detail
Latest reported value, world rank and rank within Middle East, North Africa, Afghanistan & Pakistan; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 0.7%2025 | 153/180 | 17/21 | 1.9% | 1.0% | 0.7% | −0.9 ppsince 2015 | 2.0% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 2.1%2025 | 147/209 | 11/22 | -1.8% | 0.6% | 0.1% | −1.1 ppsince 2015 | 2.2% | 5.0% | 3.3% | |
| Exchange rateOfficial exchange rate, local currency per US$ | 9.352025 | 108/210 | 11/22 | 10.63 | 8.42 | 9.50 | −4.2%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 22.7%2024 | 31/142 | 3/9 | 17.9%1999 | 21.1% | 20.0% | +2.3 ppsince 2014 | — | 12.1% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 25.7%2024 | 72/142 | 5/9 | 20.6%1999 | 24.6% | 26.6% | +1.2 ppsince 2014 | — | 14.2% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 26.6%2023 | 71/142 | 4/10 | 19.7%1999 | 25.0% | 27.2% | +0.9 ppsince 2013 | — | 15.7% | 28.5% | |
| Government debtCentral government debt, % of GDP | 51.2%2011 | 39/78 | 3/6 | 55.4%1999 | 47.1% | · | −4.2 ppsince 1999 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 44.7%2024 | 59/119 | 5/12 | 49.3% | 27.5% | 54.9% | +7.6 ppsince 2014 | — | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 79.2%2025 | 30/169 | 2/17 | · | 83.3% | 90.9% | +0.9 ppsince 2015 | 52.4% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 121.3%2025 | 14/146 | 1/15 | 64.1% | 105.0% | 128.9% | +14.8 ppsince 2015 | 78.7% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 5.92025 | 46/165 | 11/20 | 5.0 | 7.3 | 8.9 | −5.3%since 2015 | 11.2 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 3.54%2025 | 18/156 | 9/18 | 2.21% | 3.39% | 3.98% | +0.6 ppsince 2015 | 4.98% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−0.9 pp0.7% in 2025
- Government debt−4.2 pp51.2% in 2011
Worse than ten years ago
- External debt+7.6 pp44.7% in 2024
- Reserves, months of imports−5.3%5.9 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Morocco and its neighbours
Countries sharing a land border with Morocco. Latest values since 2005; the highest in each row is marked.
| Indicator | Morocco | Spain | Algeria |
|---|---|---|---|
| Inflation | 0.7%2025 | 2.7%2025 | 1.4%2025 |
| GDP deflator | 2.1%2025 | 2.9%2025 | 0.8%2025 |
| Exchange rate | 9.352025 | 0.882025 | 131.612025 |
| Tax revenue | 22.7%2024 | 14.9%2024 | — |
| Government revenue | 25.7%2024 | 29.7%2024 | — |
| Government expense | 26.6%2023 | 34.0%2023 | — |
| Government debt | 51.2%2011 | 105.6%2024 | — |
| External debt | 44.7%2024 | — | 2.7%2024 |
| Private credit | 79.2%2025 | 74.2%2024 | 19.6%2025 |