Morocco's Public Debt Soars to 88.9% of GDP, Reaching 1.18 Trillion Dirhams
In 2021, the outstanding public debt increased by 117 billion, reaching 1180 billion dirhams (MMDH), which represents a ratio to Gross Domestic Product (GDP) of 88.9%.
According to the Unified Arab Economic Report for 2022, published by the Arab Monetary Fund, this trend takes into account the increase in domestic public debt of about $9.2 billion and that of external public debt of about $2.5 billion.
The same source indicates that Morocco’s domestic public debt stood at over $66.6 billion in 2020, compared to $75.8 billion in 2021, while external public debt in 2020 stood at over $39.5 billion, compared to over $42.1 billion in 2021.
In total, Morocco’s total public debt increased by about $11.7 billion, reaching about $117.9 billion at the end of 2021, compared to $106.2 billion at the end of 2020, the document states.
