Data Module 004
Morocco Economy
in one page
GDP, exports, FDI, tourism, remittances, key sectors. Updated annually. Data from IMF, World Bank, HCP, Office des Changes.
Last updated: January 2026 · Data year: 2024/2025
The Snapshot
GDP (nominal)
$183B
2025 est. · IMF
GDP per capita
$4,763
2025 est. · PPP: $10,615
GDP growth
4.4%
2025 · up from 3.8% in 2024
Inflation
~2%
2025 · down from 10.1% peak in 2023
Unemployment
13.1%
2025 · Youth: ~36%
Public debt
~68% GDP
Declining from 69.5% in 2023
Population
38.4M
2025 · Median age: ~29
Life expectancy
77.3 yrs
Up from 47 in 1962
GDP Nominal · USD Billions
$17B → $183B in seven years
126.4
2018
130.5
2019
114.7
2020
142.9
2021
134.2
2022
144.9
2023
155.4
2024
183
2025e
2020: COVID contraction. 2025e: IMF projection. Striped = estimate. Source: IMF World Economic Outlook
Money Flowing In
Five rivers that feed the economy
Tourism Revenue
17.4M visitors in 2024
Diaspora Remittances
Record high · +3.3% YoY
Automotive Exports
#1 export sector · +27% in 2023
Phosphate Exports
75% of world reserves · OCP Group
FDI Inflows
+24.7% in 2024 · France leads
All 2024 full-year data. MAD = Moroccan Dirham. Source: Office des Changes, Ministry of Tourism, OCP
Export Sectors · % of Total
Automotive overtook phosphates in 2014. It never looked back.
2024 data. Total exports: 455 MAD bn (~$45.5B). Growth rates YoY. Source: Office des Changes, Statista
Morocco holds 75% of the world's phosphate reserves. That's not a sector. That's a geological monopoly.
OCP Group · State-owned · World's largest phosphate exporter
FDI Stock by Source Country
Where the money comes from
Stock share. Net FDI +55.4% in 2024 to MAD 17.2bn. Source: Office des Changes
FDI by Sector
Where the money goes
Gotion (China) $6.4B EV battery plant announced 2023. Green hydrogen emerging.
GDP Composition by Sector
Services dominate. Agriculture still employs 23%.
The 2030 Vision
Co-hosting FIFA World Cup with Spain and Portugal. New stadiums, high-speed rail extension, 200,000+ hotel rooms target.
Industrial Strategy
Industrial Acceleration Plan targets 23% industry contribution to GDP by 2030, up from 14%. Automotive already #1 export.
Green Transition
Noor-Ouarzazate solar complex. 52% renewable energy target by 2030. Green hydrogen and EV battery manufacturing emerging.
Sources
International Monetary Fund — World Economic Outlook (October 2025)
World Bank — Morocco Country Data
Office des Changes — Balance of Payments 2024
Haut-Commissariat au Plan (HCP) — National Statistics
Ministry of Tourism, Handicrafts and Social Economy — 2024 Annual Report
OCP Group — Annual Report
Worldometers, Statista — Cross-referenced figures
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This visualization may not be reproduced without visible attribution.
Sources: World Bank, IMF, HCP Morocco