🇲🇦 Morocco
Public Sector Debt · 2026
Total Debt
74.0%
of GDP
Global Rank
#56
of 192
S&P Rating
BB+
Credit rating
SOE Debt
+7.4%
1 categories
Where the Debt Sits
Central Government
Central Government: 66.6%Public Corps: 7.4%
Full Debt Breakdown
Central Government66.6% of GDP
Central GovernmentIMF WEO — General Government Debt
66.6%Public Corporations7.4% of GDP
OCP Group (phosphate)OCP Group / Further AfricaNet debt MAD 101.22B. $13B investment program. Revenue $9.76B.
7.4%Total Corporate Debt36.0% of GDP
Nonfinancial corporate debt (est.)World Bank/BAM/IMF 2024
36.0%Household Debt16.0% of GDP
Household debt (est.)World Bank/BAM/IMF 2024
16.0%Unfunded Pension Liabilities50.0% of GDP
CMR + CNSS unfunded pension (est.)OECD IOPS Morocco 2021; ISSA 2024Both PAYG DB. Structural reform pending.
50.0%All Layers Total176.0%
Credit Ratings
S&P
BB+
Moody's
Ba1
Fitch
BB+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202666.6% GDP
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