Total reserves (% of total external debt) in Morocco
Morocco: Total reserves (% of total external debt) was 54.6% in 2024. ◆ Volatile
Total reserves in Morocco, 1971–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, total reserves in Morocco stood at 54.6%.
Compared with earlier readings it is up 4.7% on the previous year and up 16.8% over ten years.
Over the whole period, total reserves in Morocco peaked at 118.8% in 2007 and was at its lowest, 1.9%, in 1984.
That places Morocco 32nd out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves (% of total external debt) in Morocco, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1971 | 15.7% | — |
| 1972 | 21.3% | +35.8% |
| 1973 | 23.9% | +12.3% |
| 1974 | 33.3% | +39.3% |
| 1975 | 16.5% | -50.6% |
| 1976 | 16.3% | -0.7% |
| 1977 | 10.9% | -33.5% |
| 1978 | 11.2% | +2.6% |
| 1979 | 11.2% | +0.2% |
| 1980 | 8.4% | -25.1% |
| 1981 | 4.8% | -42.5% |
| 1982 | 4.3% | -9.7% |
| 1983 | 2.9% | -33.8% |
| 1984 | 1.9% | -33.6% |
| 1985 | 2.2% | +12.6% |
| 1986 | 2.7% | +26.2% |
| 1987 | 3.6% | +31.7% |
| 1988 | 4.0% | +10.8% |
| 1989 | 3.5% | -12.4% |
| 1990 | 9.3% | +169.4% |
| 1991 | 14.9% | +59.3% |
| 1992 | 16.8% | +13.1% |
| 1993 | 17.8% | +5.6% |
| 1994 | 20.1% | +13.1% |
| 1995 | 16.3% | -19.0% |
| 1996 | 16.7% | +2.7% |
| 1997 | 17.9% | +6.8% |
| 1998 | 19.6% | +9.7% |
| 1999 | 25.5% | +30.3% |
| 2000 | 24.1% | -5.6% |
| 2001 | 45.8% | +90.0% |
| 2002 | 57.2% | +24.9% |
| 2003 | 76.9% | +34.5% |
| 2004 | 97.2% | +26.3% |
| 2005 | 101.2% | +4.2% |
| 2006 | 115.2% | +13.8% |
| 2007 | 118.8% | +3.2% |
| 2008 | 107.9% | -9.2% |
| 2009 | 95.1% | -11.8% |
| 2010 | 86.7% | -8.8% |
| 2011 | 67.2% | -22.5% |
| 2012 | 50.5% | -24.8% |
| 2013 | 47.7% | -5.6% |
| 2014 | 46.8% | -1.9% |
| 2015 | 51.0% | +9.0% |
| 2016 | 52.5% | +2.9% |
| 2017 | 51.0% | -2.8% |
| 2018 | 48.3% | -5.4% |
| 2019 | 47.8% | -1.0% |
| 2020 | 54.5% | +14.1% |
| 2021 | 54.3% | -0.5% |
| 2022 | 49.7% | -8.4% |
| 2023 | 52.2% | +4.9% |
| 2024 | 54.6% | +4.7% |
Morocco compared with similar countries
- Morocco's 54.6% is above the median for lower middle income countries, which is 37.2%, 1.5× the median. (39 countries reporting)
- Morocco's 54.6% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 46.7%, 1.2× the median. (11 countries reporting)
Biggest year-on-year movements
Years where Total reserves (% of total external debt) in Morocco changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +169.4% | 3.5% | 9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.8% | 10.9% | 33.3% | 9 |
| 1980s | 3.8% | 1.9% | 8.4% | 10 |
| 1990s | 17.5% | 9.3% | 25.5% | 10 |
| 2000s | 83.9% | 24.1% | 118.8% | 10 |
| 2010s | 54.9% | 46.8% | 86.7% | 10 |
| 2020s | 53.1% | 49.7% | 54.6% | 5 |
Countries ranked near Morocco
More financial sector data for Morocco
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 5.35 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.91 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 5.35 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is total reserves in Morocco?
- Total reserves in Morocco was 54.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Morocco?
- The highest recorded value was 118.8% in 2007.
- What is the lowest total reserves recorded in Morocco?
- The lowest recorded value was 1.9% in 1984.
- How does Morocco rank for total reserves?
- Morocco ranks 32nd out of 112 countries with data for 2024.
- Is total reserves rising or falling in Morocco?
- Over the last ten years it is up 16.8%. The long-run trend across the full record is volatile.
- Where does this Morocco data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
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 indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.