Morocco's portfolio investment, bonds (PPG + PNG) (NFL, current US$) was US$1.27 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 31.51% from US$1.85 billion in 2014 (3.71% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.27 billion | 2024 |
| Five years earlier | US$1.24 billion | 2019 |
| Ten years earlier | US$1.85 billion | 2014 |
| Highest | US$3 billion | 2020 |
| Lowest | −US$1.5 billion | 2022 |
| Average since 2015 | US$859.89 million | 2015–2024 |
| First recorded | −US$3.02 million |
What the numbers say
In 2024, Morocco's portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$1.23 billion on 2023 (from US$2.5 billion to US$1.27 billion).
Across the 30 yearly changes before that (1983 to 2023), the average change was +US$21.83 million and a typical year strayed about US$1.16 billion from that (the standard deviation). This year's change was 1.1 standard deviations below 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 US$4 billion in 2023 and the biggest yearly fall was US$2.48 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 there is no clear straight-line trend: a straight line explains 5% 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 15th highest value of the 59 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.
| Value | Year | |
|---|---|---|
| Morocco | US$1.27 billion | 2024 |
| Lower middle income | US$29.3 billion | 2024 |
Closest to Morocco in the 2024 ranking
What this measures
Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.
Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.
Regional and income-group figures are computed by the World Bank as a sum.
All 47 values
| Year | Portfolio investment, bonds (PPG + PNG) (NFL, current US$) |
|---|---|
| 2024 | 1,266,999,000 |
| 2023 | 2,500,000,000 |
| 2022 | -1,500,000,000 |
| 2021 | 983,001,000 |
| 2020 | 3,000,000,000 |
| 2019 | 1,239,283,000 |
| 2018 | 0 |
| 2017 | 0 |
| 2016 | 0 |
| 2015 | 1,109,584,000 |
Portfolio investment, bonds (PPG + PNG) (NFL, current US$) in nearby economies
- Egypt, Arab Rep. — −US$804.78 million (2024)
- Jordan — −US$20 million (2024)
- Lebanon — US$0 (2024)
- Pakistan — −US$1 billion (2024)
- Tunisia — −US$1.25 billion (2024)
More economic policy & debt data for Morocco
- Total reserves, including gold (current US$) — 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$108.09 billion (2025)
Reading data like this
Questions people ask
- What is Morocco's portfolio investment, bonds (PPG + PNG) (NFL, current US$)?
- US$1.27 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 42,095% from −US$3.02 million in 1970. The highest value was US$3 billion in 2020 and the lowest −US$1.5 billion in 2022.
- How does Morocco rank?
- 15th highest of 59 economies with data for 2024.
- Is the latest change in portfolio investment, bonds (PPG + PNG) (NFL, current US$) unusual for Morocco?
- In 2024, Morocco's portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$1.23 billion on 2023 (from US$2.5 billion to US$1.27 billion). Across the 30 yearly changes before that (1983 to 2023), the average change was +US$21.83 million and a typical year strayed about US$1.16 billion from that (the standard deviation). This year's change was 1.1 standard deviations below 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 DT.NFL.BOND.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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