Morocco: Short-term debt (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Morocco's short-term debt (% of exports of goods, services and primary income) fell 5.29 percentage points on 2023 (from 16.15% to 10.86%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.37 percentage points and a typical year strayed about 4.75 percentage points from that (the standard deviation). This year's change was 1.2 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 16.71 percentage points in 1977 and the biggest yearly fall was 16.44 percentage points in 1986. 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 downward, about 0.92 percentage points a year. A straight line explains 54% 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 57th highest value of the 99 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

• Rwanda — 53rd of 99: 11.61%
• Albania — 54th of 99: 11.4%
• Sierra Leone — 55th of 99: 10.88%
• Cameroon — 57th of 99: 10.78%
• Nepal — 58th of 99: 9.77%
• Kenya — 59th of 99: 9.75%

What this measures

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

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

All 50 values

Short-term debt (% of exports of goods, services and primary income) in nearby economies

• Afghanistan — 25.35% (2020)
• Algeria — 3.16% (2024)
• Djibouti — 9.38% (2024)
• Egypt, Arab Rep. — 46.27% (2024)
• Iraq — 0.63% (2024)
• Jordan — 72.1% (2024)
• Lebanon — 135.85% (2023)
• Pakistan — 23.26% (2024)
• Tunisia

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Morocco's short-term debt (% of exports of goods, services and primary income)?

10.86% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is up 2.86 percentage points from 8% in 1975. The highest value was 40.03% in 1983 and the lowest 1.19% in 2004.

How does Morocco rank?

57th highest of 99 economies with data for 2024.

Is the latest change in short-term debt (% of exports of goods, services and primary income) unusual for Morocco?

In 2024, Morocco's short-term debt (% of exports of goods, services and primary income) fell 5.29 percentage points on 2023 (from 16.15% to 10.86%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.37 percentage points and a typical year strayed about 4.75 percentage points from that (the standard deviation). This year's change was 1.2 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.DOD.DSTC.XP.ZS, 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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