Morocco: External debt

* indicates monthly or quarterly data series
 Morocco

External debt, percent of Gross National Income

 Latest value 48.89
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 50.04
 Min - Max 19.84 - 111.91
 Source The World Bank
For that indicator, we provide data for Morocco from 1970 to 2022. The average value for Morocco during that period was 50.04 percent with a minimum of 19.84 percent in 1974 and a maximum of 111.91 percent in 1985. The latest value from 2022 is 48.89 percent. For comparison, the world average in 2022 based on 111 countries is 56.66 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Morocco - External debt - recent values

Historical chart
Morocco - External debt - historical chart - 1970-2022




The external debt of Morocco and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.


 Related indicators Latest value Reference Measure
 Terms of trade 88.91 2021 percent
 Trade openness 98.65 2022 percent
 Exports, percent of GDP 43.53 2022 percent
 Exports, billion dollars 58.66 2022 billion U.S. dollars
 Growth of exports 20.42 2022 percent
 Imports, percent of GDP 55.12 2022 percent
 Imports, billion dollars 73.71 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.66 2022 percent
 Foreign Direct Investment, billion dollars 2.18 2022 billion U.S. dollars
 Portfolio investment inflows, equities 271.80 2022 million dollars (current)
 Current account, percent of GDP -3.50 2022 percent
 Current account, in dollars -4.78 2022 billion U.S. dollars
 Trade balance, percent of GDP -11.50 2022 percent
 Trade balance, in dollars -15.23 2022 billion U.S. dollars
 Reserves 32.31 2022 billion U.S. dollars
 Remittances, percent of GDP 8.53 2022 percent
 Remittances 11,168.17 2022 million U.S. dollars
 Net errors and omissions 2,122.53 2022 million USD
 External debt 48.89 2022 percent
 Short-term external debt 15.37 2022 percent
 Short-term debt to reserves 30.78 2022 percent
 Foreign exchange reserves 355.17 9/2023 billion
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