Morocco: Merchandise trade (% of GDP)
In , Morocco's Merchandise trade (% of GDP) was 75.29.
That's down 0.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Morocco ranks #56 globally out of 197 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #9 of 22.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 86.32
- Trough
- 46.40
- 1-year change
- -0.3%
- 5-year change
- +21.5%
- +4.0% / yr
- 10-year change
- +27.8%
- +2.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 75.2906 | |
| 75.5115 | |
| 86.3177 | |
| 66.1003 | |
| 58.4984 | |
| 61.9499 | |
| 62.5462 | |
| 58.8507 | |
| 57.4082 | |
| 54.7341 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Morocco's Merchandise trade (% of GDP) in 2024?
- In 2024, Morocco's Merchandise trade (% of GDP) was 75.29, according to World Bank Open Data.
- Is Morocco's Merchandise trade (% of GDP) rising or falling?
- Morocco's Merchandise trade (% of GDP) fell 0.3% from 2023 to 2024.
- How does Morocco rank globally on Merchandise trade (% of GDP)?
- In 2024, Morocco ranked #56 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Morocco's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Morocco is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #9 of 22.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.