Morocco: Net financial flows, RDB nonconcessional (NFL, current US$)

Key figures

What the numbers say

In 2024, Morocco's net financial flows, RDB nonconcessional (NFL, current US$) rose US$22.61 million on 2023 (from US$100.45 million to US$123.05 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −US$2.21 million and a typical year strayed about US$267.41 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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 US$587.71 million in 2004 and the biggest yearly fall was US$608.1 million in 2021. 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 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 23rd highest value of the 77 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

• Georgia — 20th of 77: US$141.81 million
• Armenia — 21st of 77: US$140.7 million
• Moldova — 22nd of 77: US$132.81 million
• Angola — 24th of 77: US$121.27 million
• Senegal — 25th of 77: US$119.1 million
• Zambia — 26th of 77: US$99.16 million

What this measures

Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 54 values

Net financial flows, RDB nonconcessional (NFL, current US$) in nearby economies

• Algeria — −US$64.84 million (2024)
• Egypt, Arab Rep. — US$10.4 million (2024)
• Pakistan — US$805.17 million (2024)
• Tunisia — US$229.9 million (2024)

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 net financial flows, RDB nonconcessional (NFL, current US$)?

US$123.05 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is up 10,972% from US$1.11 million in 1971 (9.29% a year on average, compounded). The highest value was US$566.29 million in 2020 and the lowest −US$467.69 million in 2003.

How does Morocco rank?

23rd highest of 77 economies with data for 2024.

Is the latest change in net financial flows, RDB nonconcessional (NFL, current US$) unusual for Morocco?

In 2024, Morocco's net financial flows, RDB nonconcessional (NFL, current US$) rose US$22.61 million on 2023 (from US$100.45 million to US$123.05 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$2.21 million and a typical year strayed about US$267.41 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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 DT.NFL.RDBN.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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