Morocco’s GDP per capita has more than doubled since 2000, reaching a new high ($3,993) in 2024

  • Morocco’s GDP per capita has shown a fluctuating pattern in the last 25 years, with periods of steady growth and also fall.
  • The years 2003–2008 stand out as a high-growth phase, with GDP per capita rising rapidly from $1,941.9 to $3,183.2.
  • In 2021, a dramatic 15.9% rebound took GDP per capita up to $3,785.9.
  • In 2024, nominal GDP per capita stood at $3,993.4.
  • The last 25 years depict a more than twofold increase in Morocco’s GDP per capita, moving from $1,499.1 to $3,993.4.

In 2000, Morocco’s GDP per capita was $1,499, reflecting modest economic footing. By 2001, it inched upward to $1,506. From then, the country experienced a consistent growth, reaching its peak in 2008 ($3,183.2.) The years 2003–2008 stand out as a high-growth phase, with GDP per capita rising rapidly from $1,942 to $3,183. The following year, 2009, saw a modest decline, with the figure slightly lowering to $3,120. A further drop to $3,068 occurred in 2010.

In 2011, the economy rebounded with a 7.6% uptick to around $3,302, while 2012 brought a 4.2% downturn, reducing GDP per capita to about $3,164. The figure rose in 2013, reaching $3,380. A modest growth in 2014 took GDP per capita to $3,435.

However, in 2015, the economy contracted, lowering GDP per capita to $3,146. The figure further declined in 2016 to $3,141. Recovery resumed with 5.0% growth in 2017, pushing the figure to $3,297.

The COVID-19 shock hit in 2020, causing a 6.8% decline to around $3,268. In 2021, a dramatic 15.6% rebound took GDP per capita to $3,786. The recovery faltered in 2022 and dropped to $3,455.

Overall, the period from 2000 to 2024 depicts a more than twofold increase in Morocco’s GDP per capita, moving from $1,499 to $3,993.

Source:

World Bank

Period:

2000-2024
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