Current Account Balance: Morocco
Morocco's current account balance is currently -2.6 % of GDP as of 2026. # Morocco Current Account Balance Morocco's current account balance stands at -2.
Current (2026)
-2.6 % of GDP
-13.0% y/y
Peak (2002)
3.2 % of GDP
Low (2012)
-8.8 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Morocco
1980 — 2026
Current Account Balance — Morocco
Analysis# Morocco Current Account Balance
Morocco's current account balance stands at -2.6% of GDP in 2026, reflecting a modest deficit within the country's historical range. Since 1980, the metric has shifted 29.7 percentage points from its starting position, peaking at 3.2% of GDP in 2002 before deteriorating to an all-time low of -8.8% in 2012. The current deficit remains substantially smaller than that 2012 trough, suggesting meaningful improvement over the past decade.
The most significant turning point occurred between 2012 and 2020, when Morocco narrowed its current account deficit from -8.8% to -1.2% of GDP. This eight-year recovery reflects structural reforms and export-oriented growth strategies. Recent years show volatility between -1% and -3.5%, with 2026 projections indicating a slight widening to -2.6%, suggesting Morocco may oscillate around a modest deficit rather than return to its pre-2012 imbalance.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -3 % of GDP | +9.09% |
| 2029 | -3.3 % of GDP | -6.45% |
| 2028 | -3.1 % of GDP | -6.90% |
| 2027 | -2.9 % of GDP | -11.54% |
| 2026 | -2.6 % of GDP | -13.04% |
| 2025 | -2.3 % of GDP | -91.67% |
| 2024 | -1.2 % of GDP | -20.00% |
| 2023 | -1 % of GDP | +71.43% |
| 2022 | -3.5 % of GDP | -52.17% |
| 2021 | -2.3 % of GDP | -91.67% |
| 2020 | -1.2 % of GDP | +64.71% |
| 2019 | -3.4 % of GDP | +30.61% |
| 2018 | -4.9 % of GDP | -53.13% |
| 2017 | -3.2 % of GDP | +15.79% |
| 2016 | -3.8 % of GDP | -90.00% |
| 2015 | -2 % of GDP | +63.64% |
| 2014 | -5.5 % of GDP | +19.12% |
| 2013 | -6.8 % of GDP | +22.73% |
| 2012 | -8.8 % of GDP | -20.55% |
| 2011 | -7.3 % of GDP | -82.50% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -4 % of GDP | +18.37% |
| 2009 | -4.9 % of GDP | -6.52% |
| 2008 | -4.6 % of GDP | -4500.00% |
| 2007 | -0.1 % of GDP | -105.26% |
| 2006 | 1.9 % of GDP | +18.75% |
| 2005 | 1.6 % of GDP | +6.67% |
| 2004 | 1.5 % of GDP | -46.43% |
| 2003 | 2.8 % of GDP | -12.50% |
| 2002 | 3.2 % of GDP | +68.42% |
| 2001 | 1.9 % of GDP | +155.88% |
| 2000 | -3.4 % of GDP | -54.55% |
| 1999 | -2.2 % of GDP | -10.00% |
| 1998 | -2 % of GDP | -5.26% |
| 1997 | -1.9 % of GDP | -35.71% |
| 1996 | -1.4 % of GDP | +68.18% |
| 1995 | -4.4 % of GDP | -41.94% |
| 1994 | -3.1 % of GDP | -24.00% |
| 1993 | -2.5 % of GDP | -4.17% |
| 1992 | -2.4 % of GDP | -4.35% |
| 1991 | -2.3 % of GDP | -4.55% |
| 1990 | -2.2 % of GDP | +37.14% |
| 1989 | -3.5 % of GDP | -975.00% |
| 1988 | 0.4 % of GDP | +106.15% |
| 1987 | -6.5 % of GDP | -12.07% |
| 1986 | -5.8 % of GDP | +24.68% |
| 1985 | -7.7 % of GDP | -40.00% |
| 1984 | -5.5 % of GDP | +1.79% |
| 1983 | -5.6 % of GDP | -12.00% |
| 1982 | -5 % of GDP | +15.25% |
| 1981 | -5.9 % of GDP | -59.46% |
| 1980 | -3.7 % of GDP | — |
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