Morocco: External debt

* indicates monthly or quarterly data series
 Morocco

External debt, percent of Gross National Income

 Latest value 50.15
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 50.07
 Min - Max 19.84 - 111.91
 Source The World Bank
The latest value from 2022 is 50.15 percent, an increase from 46.74 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Morocco from 1970 to 2022 is 50.07 percent. The minimum value, 19.84 percent, was reached in 1974 while the maximum of 111.91 percent was recorded in 1985. 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 data
Morocco - External debt - Recent values chart

Historical series
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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 88.91 2021 percent
 Trade openness 93.79 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 43.95 2023 percent
 Exports, billion dollars 61.74 2023 billion U.S. dollars
 Growth of exports 9.81 2023 percent
 Imports, percent of GDP 52.26 2023 percent
 Imports, billion dollars 73.71 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.78 2023 percent
 Foreign Direct Investment, billion dollars 1.10 2023 billion U.S. dollars
 Portfolio investment inflows, equities 139.24 2023 million dollars (current)
 Current account, percent of GDP -0.60 2023 percent
 Current account, in dollars -0.89 2023 billion U.S. dollars
 Trade balance, percent of GDP -8.30 2023 percent
 Trade balance, in dollars -12.01 2023 billion U.S. dollars
 Reserves 36.33 2023 billion U.S. dollars
 Remittances, percent of GDP 8.60 2023 percent
 Remittances 12,130.00 2023 million U.S. dollars
 Net errors and omissions 1,173.05 2023 million USD
 External debt 50.15 2022 percent
 Short-term external debt 14.47 2023 percent
 Short-term debt to reserves 27.59 2023 percent
 Foreign exchange reserves 375.40 12/2024 billion
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