Business & Markets · Credit to private sector · Morocco
Morocco’s credit to private sector rose to 79.2% of GDP in 2025.
79.2% of GDP
2025
Up 1.5 pp from 2024.
Updated 8 Oct 2026
In plain words
79.2% of GDP
What it is. This measure adds up the credit that banks and other financial institutions extend to households and private firms, then divides it by the size of the economy. It shows how heavily an economy relies on borrowed money to fund homes, investment and day-to-day trading. It leaves out government borrowing, and informal lending between family, friends or traders does not enter the total. A ratio can also move because GDP changes, even if lending stays put.
Neither way is good in itself. A higher ratio means households and firms have more financing to spend and invest, and also more debt to service if incomes fall. A lower ratio means less leverage in the system, and it can mean tighter access to funds. The latest figure is 79.2% of GDP for 2025, up 1.5 percentage points from 77.8% of GDP a year earlier. That 2024 reading was the lowest since 2016, so the latest figure sits just above the bottom of its range. The peak in the same period was 90.9% of GDP in 2020, well above where the ratio stands now.
Why it matters. At 79.2% of GDP, private borrowing in Morocco is large relative to the economy, so banks play a central role in funding households and firms. Mortgages, business loans and working capital all draw on this stock of credit. A rise from the 2024 low suggests lending is growing slightly faster than output, and repayment capacity will matter more if incomes weaken.
| Period | Credit to private sector · Morocco |
|---|---|
| 2016 | 80.2% of GDP |
| 2017 | 80.2% of GDP |
| 2018 | 79% of GDP |
| 2019 | 81.5% of GDP |
| 2020 | 90.9% of GDP |
| 2021 | 86.1% of GDP |
| 2022 | 87.5% of GDP |
| 2023 | 80.5% of GDP |
| 2024 | 77.8% of GDP |
| 2025 | 79.2% of GDP |
Source: World Bank, World Development Indicators (CC BY 4.0) · Licence: CC BY 4.0
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Strata-AF™ Data, Credit to private sector, Morocco, 2025; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/business/private-sector-credit/morocco
Data insights · Worked out from the published figures
What this means
Working this out from the published figures…
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Methodology
Domestic credit to the private sector as a share of GDP. Unit: % of GDP.
Source: World Bank, World Development Indicators (series FS.AST.PRVT.GD.ZS), retrieved through the World Bank API and published under CC BY 4.0. Updated annually; the World Bank's own source notes apply.