Net incurrence of liabilities, total in Morocco
Morocco: Net incurrence of liabilities, total was 5.3% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Morocco, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Morocco is 5.3%, measured in 2023.
Compared with earlier readings it is up 22.1% on the previous year and down 12.2% over ten years.
Over the whole period, net incurrence of liabilities, total in Morocco peaked at 8.2% in 2020 and was at its lowest, -0.5%, in 2008.
Morocco ranks 37th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Morocco, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 2.5% | — |
| 1991 | 2.1% | -15.9% |
| 1992 | 1.9% | -8.0% |
| 1994 | 3.4% | +80.7% |
| 1995 | 4.2% | +20.7% |
| 1997 | -0.4% | -108.6% |
| 1998 | 0.0% | -109.5% |
| 1999 | 0.7% | +1894.4% |
| 2002 | 0.6% | -8.1% |
| 2003 | 1.9% | +212.8% |
| 2004 | 0.8% | -57.1% |
| 2005 | 3.4% | +314.6% |
| 2006 | 0.9% | -75.2% |
| 2007 | -0.0% | -102.0% |
| 2008 | -0.5% | +3048.5% |
| 2009 | 1.8% | -433.6% |
| 2010 | 3.7% | +106.1% |
| 2011 | 6.1% | +63.0% |
| 2017 | 3.1% | -49.7% |
| 2018 | 3.4% | +11.3% |
| 2019 | 3.3% | -3.2% |
| 2020 | 8.2% | +149.4% |
| 2021 | 5.0% | -39.8% |
| 2022 | 4.4% | -11.9% |
| 2023 | 5.3% | +22.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8% | -0.4% | 4.2% | 8 |
| 2000s | 1.1% | -0.5% | 3.4% | 8 |
| 2010s | 3.9% | 3.1% | 6.1% | 5 |
| 2020s | 5.7% | 4.4% | 8.2% | 4 |
Countries ranked near Morocco
More public sector data for Morocco
- Arms imports 23.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.604 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -95.13 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 23.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 144.9 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0344 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.52 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,058 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Morocco?
- Net incurrence of liabilities, total in Morocco was 5.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Morocco?
- The highest recorded value was 8.2% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Morocco?
- The lowest recorded value was -0.5% in 2008.
- How does Morocco rank for net incurrence of liabilities, total?
- Morocco ranks 37th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Morocco?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is volatile.
- Where does this Morocco data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.