Morocco's gross fixed capital formation (constant LCU) was 356.42 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 31.74% from 270.55 billion in 2014 (2.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 356.42 billion | 2024 |
| Five years earlier | 332.15 billion | 2019 |
| Ten years earlier | 270.55 billion | 2014 |
| Highest | 356.42 billion | 2024 |
| Lowest | 15.7 billion | 1966 |
| Average since 2015 | 316.87 billion | 2015–2024 |
| First recorded | 15.7 billion |
What the numbers say
In 2024, Morocco's gross fixed capital formation (constant LCU) rose 12.8% on 2023 (from 315.88 billion to 356.42 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.5% and a typical year strayed about 5.9% from that (the standard deviation). This year's change was 1.4 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 77.9% in 1975 and the biggest yearly fall was 31.6% 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 2015 to 2024 the straight-line trend is upward, about 3.87 billion a year. A straight line explains 32% 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 7th highest value of the 31 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
- Kazakhstan — 3rd of 31: 7.5 trillion
- United States — 4th of 31: 5.33 trillion
- Angola — 5th of 31: 2.64 trillion
- North Macedonia — 7th of 31: 154.64 billion
- Lebanon — 8th of 31: 123.03 billion
- Bhutan — 9th of 31: 93.54 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 | Gross fixed capital formation (constant LCU) |
|---|---|
| 2024 | 356,418,936,400 |
| 2023 | 315,879,386,400 |
| 2022 | 308,779,712,300 |
| 2021 | 321,485,549,100 |
| 2020 | 298,939,822,100 |
| 2019 | 332,150,432,000 |
| 2018 | 326,656,710,000 |
| 2017 | 318,864,795,400 |
| 2016 | 312,240,369,300 |
| 2015 | 277,314,000,000 |
Gross fixed capital formation (constant LCU) in nearby economies
- Algeria — 4.65 trillion (2025)
- Bahrain — 4.46 billion (2024)
- Djibouti — 190.96 billion (2025)
- Egypt, Arab Rep. — 1.03 trillion (2025)
- Iran, Islamic Rep. — 20,969.7 trillion (2025)
- Iraq — 10.13 trillion (2024)
- Israel — 412.25 billion (2025)
- Lebanon — 123.03 billion (2024)
- Libya — 10.11 billion (2025)
- Malta — 3.55 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
Questions people ask
- What is Morocco's gross fixed capital formation (constant LCU)?
- 356.42 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1966?
- It is up 2,170% from 15.7 billion in 1966 (5.53% a year on average, compounded). The highest value was 356.42 billion in 2024 and the lowest 15.7 billion in 1966.
- How does Morocco rank?
- 7th highest of 31 economies with data for 2024.
- Is the latest change in gross fixed capital formation (constant LCU) unusual for Morocco?
- In 2024, Morocco's gross fixed capital formation (constant LCU) rose 12.8% on 2023 (from 315.88 billion to 356.42 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.5% and a typical year strayed about 5.9% from that (the standard deviation). This year's change was 1.4 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.FTOT.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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