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.
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%.