Morocco

GDP/capita CAGR

3.2%

Unemployment (2025)

9.0%

Gini index (2013)

39.5

CO2/capita (2024)

1.8 t

Morocco: steady but modest growth, 1980–2025

A relatively diversified economy for the region, spanning phosphate exports, agriculture, tourism, and a growing automotive and aerospace manufacturing base built on European supply-chain integration. Between 1980 and 2025, Morocco's GDP per capita grew from $1,110 to $4,672 (current US$), a compound annual growth rate of 3.2% — steady but modest growth. Annual GDP growth averaged 3.9% with a year-to-year standard deviation of 3.9 points, reflecting relatively stable macroeconomic conditions. Structurally, agriculture's share of the economy moved from 15.1% to 10.5% of GDP (a classic decline as the economy industrialized/modernized), while services rose from 46.7% to 52.3% of GDP, underscoring a shift toward a services-driven economy. On human development, life expectancy rose from 55.2 to 75.5 years, while tertiary school enrollment moved from 6.0% to 48.2%, while the urban population share grew from 41.1% to 63.1%.

What this growth cost: Growth was not without cost: per-capita CO2 emissions rose from 0.81 to 1.84 tonnes CO2e per person; income inequality (Gini index) widened from 36.5 to 39.5; the poverty headcount ratio fell from 22.4% to 3.7%.

What it trades

Top exported and imported products, approximate share of total trade value.

Top exports

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television ...18.1%

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof16.6%

Fertilisers15.4%

Articles of apparel and clothing accessories, not knitted or crocheted6.1%

Edible fruit and nuts; peel of citrus fruit or melons4.9%

Edible vegetables and certain roots and tubers4.2%

Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, ...3.8%

Aircraft, spacecraft, and parts thereof3.8%

Fish and crustaceans, molluscs and other aquatic invertebrates3.5%

Salt; sulphur; earths and stone; plastering materials, lime and cement2.7%

Top imports

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral ...13.1%

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof11.2%

Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof9.9%

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television ...9.5%

Plastics and articles thereof4.2%

Cereals3.3%

Aircraft, spacecraft, and parts thereof2.8%

Iron and steel2.6%

Miscellaneous manufactured articles2.3%

Articles of iron or steel2.2%

Events shaping this economy

Central bank perspective

Why the charts below look the way they do, drawing on the country’s own central bank and monetary authority.

Leading companies in Morocco

OCP Group · Chemicals Attijariwafa Bank · Banking Maroc Telecom · Telecom Bank of Africa · Banking Royal Air Maroc · Airlines