Morocco GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$4,153.19

Source: world bank Nominal/PPP
Summary:

Morocco GDP Per Capita expanded from 1960 to 2024, increasing from $174.78 to $4,153.19 .The compound annual growth rate (CAGR) averaged 5.07% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 39.34%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.

Latest GDP Per Capita of Morocco 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 4,153.19 dollars$ 10,415.12 Int dollars
Growth (YoY)8.901%5.26%
Net Change vs Previous Year$ 339.47 dollars$ 520.47 Int dollars
% of World GDP Per Capita3.74%5.22%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Morocco GDP | Morocco GDP Growth

Morocco Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960174.78-----
1961169.32-5.47-3.127 %---
1962193.6524.3314.369 %---
1963210.6416.998.773 %---
1964216.265.632.672 %---
1965221.975.72.638 %---
1966210.82-11.14-5.02 %---
1967217.36.483.074 %---
1968227.129.824.517 %---
1969246.819.688.664 %---
1970260.2713.475.456 %---
1971279.1718.97.263 %---
1972317.0737.9113.579 %---
1973380.5363.4520.012 %---
1974456.5976.0619.989 %---
1975521.8465.2514.29 %---
1976543.3721.534.126 %---
1977610.7567.3812.401 %---
1978712.88102.1316.722 %---
1979834.81121.9317.104 %---
19801109.88275.0732.95 %---
1981884.44-225.44-20.312 %---
1982856.57-27.87-3.152 %---
1983766.53-90.04-10.512 %---
1984681.91-84.62-11.039 %---
1985673.29-8.62-1.264 %---
1986855.17181.8827.014 %---
1987937.4682.299.622 %---
19881086.04148.5815.849 %---
19891091.285.240.483 %---
19901229.07137.7912.627 %2776.82--
19911292.2363.165.139 %3025.01248.188.938 %
19921327.0334.82.693 %2979.07-45.94-1.519 %
19931226.43-100.6-7.581 %2979.290.220.007 %
19941358.79132.3610.793 %3314.78335.4911.261 %
19951466.79107.997.948 %3152.43-162.35-4.898 %
19961596.83130.048.866 %3551.26398.8312.651 %
19971426.3-170.53-10.679 %3502.01-49.25-1.387 %
19981668.5242.216.981 %3740.36238.356.806 %
19991635.66-32.84-1.968 %3800.6360.271.611 %
20001499.11-136.55-8.348 %3930.22129.593.41 %
20011506.257.140.476 %4268.87338.658.616 %
20021596.0289.785.96 %4436.43167.563.925 %
20031941.87345.8521.67 %4741.06304.636.867 %
20042183.56241.6812.446 %5024.69283.635.982 %
20052242.9959.432.722 %5274.74250.054.976 %
20062438.13195.148.7 %5780.62505.889.591 %
20072755.59317.4613.021 %6057.94277.324.797 %
20083183.2427.6115.518 %6437.06379.136.258 %
20093119.59-63.61-1.998 %6628.58191.512.975 %
20103067.99-51.6-1.654 %6848.67220.093.32 %
20113301.992347.627 %7274.15425.486.213 %
20123164.18-137.81-4.174 %7307.6133.460.46 %
20133379.74215.576.813 %7542.1234.493.209 %
20143435.4155.661.647 %7237.28-304.82-4.042 %
20153146.25-289.16-8.417 %7799.09561.817.763 %
20163140.86-5.39-0.171 %7853.1854.080.693 %
20173296.53155.674.956 %8115.12261.943.336 %
20183501.7205.176.224 %7801.1-314.02-3.87 %
20193508.16.40.183 %8046.23245.133.142 %
20203268.03-240.07-6.843 %7704.85-341.38-4.243 %
20213785.94517.9115.848 %8623.27918.4211.92 %
20223463.14-322.8-8.526 %9310.03686.777.964 %
20233813.73350.5910.123 %9894.65584.626.279 %
20244153.19339.478.901 %10415.12520.475.26 %

Morocco Economic Phases (1960 - 2024)

From 1960 to 2024, Morocco economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • High Growth (1962–1963) indicating robust economic expansion
  • Expansion (1964–1965) indicating steady moderate growth
  • Expansion (1967–1968) indicating steady moderate growth
  • High Growth (1969–1975) indicating robust economic expansion
  • High Growth (1977–1980) indicating robust economic expansion
  • Crisis (1983–1984) indicating severe economic downturn
  • High Growth (1986–1988) indicating robust economic expansion
  • High Growth (1990–1991) indicating robust economic expansion
  • High Growth (1994–1996) indicating robust economic expansion
  • Contraction (1999–2000) indicating temporary slowdown
  • High Growth (2002–2004) indicating robust economic expansion
  • High Growth (2006–2008) indicating robust economic expansion
  • Contraction (2009–2010) indicating temporary slowdown
  • Contraction (2015–2016) indicating temporary slowdown
  • High Growth (2023–2024) indicating robust economic expansion

The most remarkable growth occurred in 1980 with an increase of 32.95%, while the largest decline was in 1981 at -20.312%.