Morocco's total reserves in months of imports was 5.93 in 2025, the latest year in the World Bank's World Development Indicators. That is down 5.29% from 6.26 in 2015 (0.54% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.93 | 2025 |
| Five years earlier | 8.94 | 2020 |
| Ten years earlier | 6.26 | 2015 |
| Highest | 11.15 | 2003 |
| Lowest | 0.65 | 1984 |
| Average since 2016 | 6.06 | 2016–2025 |
| First recorded | 1.72 | 1975 |
What the numbers say
In 2025, Morocco's total reserves in months of imports rose 12.6% on 2024 (from 5.26 to 5.93).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.4% and a typical year strayed about 25% from that (the standard deviation). This year's change was 0.4 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 154.3% in 1990 and the biggest yearly fall was 39.5% in 1981. 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 there is no clear straight-line trend: a straight line explains 2% 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 2025, Morocco had the 36th highest value of the 112 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 | 5.93 | 2025 |
| World | 8.62 | 2025 |
| Lower middle income | 7.7 | 2025 |
Closest to Morocco in the 2025 ranking
- Korea, Rep. — 32nd of 112: 6.46
- South Africa — 33rd of 112: 6.22
- Serbia — 34th of 112: 6.16
- Poland — 36th of 112: 5.86
- Ukraine — 37th of 112: 5.79
- Timor-Leste — 38th of 112: 5.76
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].
Regional and income-group figures are computed by the World Bank as a weighted average.
All 51 values
| Year | Total reserves in months of imports |
|---|---|
| 2025 | 5.93 |
| 2024 | 5.26 |
| 2023 | 5.63 |
| 2022 | 5.06 |
| 2021 | 6.77 |
| 2020 | 8.94 |
| 2019 | 5.58 |
| 2018 | 5.05 |
| 2017 | 6.03 |
| 2016 | 6.34 |
| 2015 |
Total reserves in months of imports in nearby economies
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 total reserves in months of imports?
- 5.93 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 244.86% from 1.72 in 1975 (2.51% a year on average, compounded). The highest value was 11.15 in 2003 and the lowest 0.65 in 1984.
- How does Morocco rank?
- 36th highest of 112 economies with data for 2025.
- Is the latest change in total reserves in months of imports unusual for Morocco?
- In 2025, Morocco's total reserves in months of imports rose 12.6% on 2024 (from 5.26 to 5.93). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.4% and a typical year strayed about 25% from that (the standard deviation). This year's change was 0.4 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 FI.RES.TOTL.MO, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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