Morocco—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #110 of 192Updated July 2026
Latest Value
-3.2%
2027
YoY Change
+5.9%
2026 → 2027
Global Rank
#110
of 192 countries
Maximum
0.6%
2008
Minimum
-7.1%
2020
Last
-3.2%
Previous
-3.4%
Highest
0.6%
Lowest
-7.1%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Morocco's fiscal balance (% of GDP) was -3.4% in 2026, ranking #110 out of 192 countries. This represents a +5.9% change from 2026. Over the past 27 years, the highest recorded value was 0.6% (2008) and the lowest was -7.1% (2020). The IMF WEO projects -3.2% by 2027. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -3.2% | +5.9% |
| 2026 | -3.4% | +10.5% |
| 2025 | -3.8% | +2.6% |
| 2024 | -3.9% | +11.4% |
| 2023 | -4.4% | +18.5% |
| 2022 | -5.4% | +8.5% |
| 2021 | -5.9% | +16.9% |
| 2020 | -7.1% | -86.8% |
| 2019 | -3.8% | -8.6% |
| 2018 | -3.5% | -6.1% |
| 2017 | -3.3% | +26.7% |
| 2016 | -4.5% | +2.2% |
| 2015 | -4.6% | +4.2% |
| 2014 | -4.8% | -2.1% |
| 2013 | -4.7% | +28.8% |
| 2012 | -6.6% | -8.2% |
| 2011 | -6.1% | -56.4% |
| 2010 | -3.9% | -143.7% |
| 2009 | -1.6% | -366.7% |
| 2008 | 0.6% | +700.0% |
| 2007 | -0.1% | +94.4% |
| 2006 | -1.8% | +67.3% |
| 2005 | -5.5% | -66.7% |
| 2004 | -3.3% | +10.8% |
| 2003 | -3.7% | +15.9% |
| 2002 | -4.4% | -15.8% |
| 2001 | -3.8% | -90.0% |
| 2000 | -2.0% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -3.4% | +10.5% |
| 2027Forecast | -3.2% | +5.9% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Nauru | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Macao SAR, China | 4.2% | 2026 |
| 7 | Lesotho | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP