Morocco: Gross capital formation (constant 2015 US$)

Key figures

What the numbers say

In 2025, Morocco's gross capital formation (constant 2015 US$) rose 14.9% on 2024 (from US$42.67 billion to US$49.02 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +5.5% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 46.5% in 1969 and the biggest yearly fall was 31.3% in 1978. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$919.94 million a year. A straight line explains 46% 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 2025, Morocco had the 42nd highest value of the 123 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 2025 ranking

• Finland — 39th of 123: US$53.08 billion
• South Africa — 40th of 123: US$51.11 billion
• Portugal — 41st of 123: US$50.15 billion
• Egypt, Arab Rep. — 43rd of 123: US$44.09 billion
• Ethiopia — 44th of 123: US$41.64 billion
• Greece — 45th of 123: US$36.69 billion

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 60 values

Gross capital formation (constant 2015 US$) in nearby economies

• Algeria — US$118.45 billion (2025)
• Bahrain — US$12.01 billion (2024)
• Djibouti — −US$82.41 million (2025)
• Egypt, Arab Rep. — US$44.09 billion (2025)
• Iran, Islamic Rep. — US$184.32 billion (2025)
• Iraq — US$14.54 billion (2024)
• Israel — US$103.93 billion (2025)
• Kuwait — US$23.28 billion (2024)
• Lebanon — US$89.93 million (2024)
• Libya — US$7.95 billion (2025)

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

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Questions people ask

What is Morocco's gross capital formation (constant 2015 US$)?

US$49.02 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1966?

It is up 3,185% from US$1.49 billion in 1966 (6.1% a year on average, compounded). The highest value was US$49.02 billion in 2025 and the lowest US$1.49 billion in 1966.

How does Morocco rank?

42nd highest of 123 economies with data for 2025.

Is the latest change in gross capital formation (constant 2015 US$) unusual for Morocco?

In 2025, Morocco's gross capital formation (constant 2015 US$) rose 14.9% on 2024 (from US$42.67 billion to US$49.02 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +5.5% and a typical year strayed about 7.6% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.KD, 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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