Insurance and financial services in Morocco
Morocco: Insurance and financial services was 2.6% in 2025. ▼ Falling
Insurance and financial services in Morocco, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Morocco recorded 2.6% for insurance and financial services in 2025.
Compared with earlier readings it is up 14.6% on the previous year and down 15.3% over ten years.
Over the whole period, insurance and financial services in Morocco peaked at 9.3% in 1992 and was at its lowest, 1.6%, in 2016.
Morocco ranks 166th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Insurance and financial services in Morocco, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 6.4% | — |
| 1976 | 6.3% | -1.9% |
| 1977 | 6.4% | +1.5% |
| 1978 | 6.0% | -5.6% |
| 1979 | 6.3% | +4.8% |
| 1980 | 6.6% | +3.9% |
| 1981 | 6.6% | +0.8% |
| 1982 | 6.6% | +0.1% |
| 1983 | 5.9% | -11.1% |
| 1984 | 6.6% | +11.6% |
| 1985 | 6.4% | -2.6% |
| 1986 | 5.9% | -8.4% |
| 1987 | 5.5% | -6.6% |
| 1988 | 5.0% | -9.9% |
| 1989 | 5.7% | +15.9% |
| 1990 | 6.0% | +3.7% |
| 1991 | 9.1% | +53.4% |
| 1992 | 9.3% | +1.4% |
| 1993 | 7.1% | -22.9% |
| 1994 | 7.0% | -2.1% |
| 1995 | 3.5% | -49.6% |
| 1996 | 3.3% | -7.6% |
| 1997 | 3.2% | -2.7% |
| 1998 | 2.6% | -19.2% |
| 1999 | 2.4% | -6.3% |
| 2000 | 1.9% | -20.3% |
| 2001 | 2.2% | +16.5% |
| 2002 | 2.4% | +7.5% |
| 2003 | 2.4% | +1.3% |
| 2004 | 2.9% | +20.1% |
| 2005 | 2.6% | -11.1% |
| 2006 | 2.6% | +1.3% |
| 2007 | 2.5% | -4.5% |
| 2008 | 3.0% | +17.9% |
| 2009 | 4.7% | +57.8% |
| 2010 | 4.3% | -7.7% |
| 2011 | 3.7% | -14.1% |
| 2012 | 4.2% | +13.8% |
| 2013 | 4.3% | +1.6% |
| 2014 | 2.6% | -38.1% |
| 2015 | 3.0% | +14.8% |
| 2016 | 1.6% | -46.3% |
| 2017 | 1.7% | +4.3% |
| 2018 | 1.7% | -2.6% |
| 2019 | 3.5% | +112.9% |
| 2020 | 4.8% | +37.7% |
| 2021 | 4.4% | -8.6% |
| 2022 | 2.6% | -40.4% |
| 2023 | 2.6% | -1.0% |
| 2024 | 2.2% | -14.5% |
| 2025 | 2.6% | +14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 6.0% | 6.4% | 5 |
| 1980s | 6.1% | 5.0% | 6.6% | 10 |
| 1990s | 5.3% | 2.4% | 9.3% | 10 |
| 2000s | 2.7% | 1.9% | 4.7% | 10 |
| 2010s | 3.1% | 1.6% | 4.3% | 10 |
| 2020s | 3.2% | 2.2% | 4.8% | 6 |
Countries ranked near Morocco
More private sector data for Morocco
- Merchandise trade 75.2% (2025)
- Food imports 11.2% (2024)
- Manufactures imports 68.7% (2024)
- Merchandise imports 87.39 billion current US$ (2025)
- Food exports 12.5% (2024)
- Manufactures exports 82.9% (2024)
- Merchandise exports 49.78 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,295 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2729 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.06 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Morocco?
- Insurance and financial services in Morocco was 2.6% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Morocco?
- The highest recorded value was 9.3% in 1992.
- What is the lowest insurance and financial services recorded in Morocco?
- The lowest recorded value was 1.6% in 2016.
- How does Morocco rank for insurance and financial services?
- Morocco ranks 166th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Morocco?
- Over the last ten years it is down 15.3%. The long-run trend across the full record is falling.
- Where does this Morocco data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.