Morocco's changes in inventories (constant LCU) was 59.97 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 71.33% from 35 billion in 2014 (5.53% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 59.97 billion | 2024 |
| Five years earlier | 46.02 billion | 2019 |
| Ten years earlier | 35 billion | 2014 |
| Highest | 64.17 billion | 2021 |
| Lowest | -2.41 billion | 2000 |
| Average since 2015 | 49.17 billion | 2015–2024 |
| First recorded | -877.37 million |
What the numbers say
In 2024, Morocco's changes in inventories (constant LCU) fell 870.56 million on 2023 (from 60.84 billion to 59.97 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.95 billion and a typical year strayed about 10.4 billion from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 30.54 billion in 2021 and the biggest yearly fall was 13.21 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 2.23 billion a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Morocco had the 4th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Morocco in the 2024 ranking
- Iran, Islamic Rep. — 1st of 32: 9,232.77 trillion
- Iraq — 2nd of 32: 7.59 trillion
- Algeria — 3rd of 32: 538.36 billion
- United States — 5th of 32: 55.33 billion
- Albania — 6th of 32: 20.11 billion
- Botswana — 7th of 32: 19.18 billion
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 59 values
| Year | Changes in inventories (constant LCU) |
|---|---|
| 2024 | 59,967,246,900 |
| 2023 | 60,837,811,500 |
| 2022 | 50,965,917,500 |
| 2021 | 64,171,150,600 |
| 2020 | 33,635,979,900 |
| 2019 | 46,023,946,600 |
| 2018 | 52,748,586,000 |
| 2017 | 40,804,319,200 |
| 2016 | 36,530,006,600 |
| 2015 | 45,986,000,000 |
Changes in inventories (constant LCU) in nearby economies
- Algeria — 538.36 billion (2024)
- Bahrain — 283.86 million (2024)
- Djibouti — -204.34 billion (2025)
- Egypt, Arab Rep. — 113.2 billion (2025)
- Iran, Islamic Rep. — 9,232.77 trillion (2024)
- Iraq — 7.59 trillion (2024)
- Lebanon — 0 (2017)
- Oman — -263.6 million (2024)
- Pakistan — 697.8 billion (2025)
- Tunisia — -6.43 billion (2024)
- West Bank and Gaza
More economic policy & debt data for Morocco
- Total reserves, including gold (current US$) — US$48.45 billion (2025)
- Total reserves, excluding gold (current US$) — US$45.35 billion (2025)
- General government final consumption expenditure (current US$) — US$32.87 billion (2025)
- General government final consumption expenditure (current LCU) — 307.35 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$29.89 billion (2025)
- General government final consumption expenditure (constant LCU) — 290.8 billion (2025)
- General government final consumption expenditure (% of GDP) — 18.02% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$108.09 billion (2025)
Reading data like this
Questions people ask
- What is Morocco's changes in inventories (constant LCU)?
- 59.97 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1966?
- It is up 6,935% from -877.37 million in 1966. The highest value was 64.17 billion in 2021 and the lowest -2.41 billion in 2000.
- How does Morocco rank?
- 4th highest of 32 economies with data for 2024.
- Is the latest change in changes in inventories (constant LCU) unusual for Morocco?
- In 2024, Morocco's changes in inventories (constant LCU) fell 870.56 million on 2023 (from 60.84 billion to 59.97 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.95 billion and a typical year strayed about 10.4 billion from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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