This article offers a comparative analysis of Morocco and Indonesia, focusing on key economic indicators to provide a comprehensive overview of their economic landscapes.
Location of Morocco and Indonesia on the World Map
Economic Performance
Indonesia's GDP per capita stands at $4,925, ranking 119 out of 197 countries. In comparison, Morocco's GDP per capita is $4,055, ranking 128 out of 197.
Fiscal Management: In 2024, Indonesia's government deficit, representing the difference between spending and revenue, amounted to -$32 billion, equivalent to -2.29% of its GDP. Examining historical fiscal performance, Indonesia recorded a fiscal deficit in 29 out of the past 35 years, while Morocco experienced a deficit in 30 years.
Inflation: Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.23%, compared with 1.86% in Morocco.
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Global Inflation Rates
Economic Freedom
The indices of economic freedom, as issued by the Heritage Foundation, provide insights into the regulatory environment and market openness of each country. The Economic Freedom Index for Indonesia is 65.2, ranking 65 out of 197, compared to 60.3 for Morocco, ranking 94 out of 197.
Trade and Investment
The current account balance reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. It is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments.
Gross National Income (GNI): Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies.
Foreign Direct Investment (FDI): Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. Conversely, foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows.
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Gross Capital Formation: Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure.
Time Zone Considerations
Understanding the time difference is crucial for communication and business interactions between Indonesia and Morocco.
Time Zone Converter: Travelmath provides an online time zone converter for places all over the world. You can enter airports, cities, states, countries, or zip codes to find the time difference between any two locations. The calculator will automatically adjust for daylight saving time (DST) in the summer. You can use it as a meeting planner or a scheduler to find the best time to make international phone calls.
Coordinated Universal Time (UTC): World time zones have a positive or negative offset computed from Coordinated Universal Time (UTC), or Greenwich Mean Time (GMT). UTC has uniform seconds defined by International Atomic Time (TAI), with leap seconds announced at irregular intervals to compensate for the Earth's slowing rotation.
Scheduling Considerations: If you live in Indonesia and you want to call a friend in Morocco, you can try calling them between 2:00 PM and 6:00 AM your time. But you want to reach someone in Morocco at work, you may want to try between 4:00 PM and 12:00 AM your time. Meeting at the best time for both parties, you should try between 4:00 PM and 5:00 PM your time in Indonesia.
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The tz database or zoneinfo database uses the closest city, rather than the more common Eastern, Central, Mountain or Pacific time zones in the United States.
| Indicator | Morocco | Indonesia |
|---|---|---|
| GDP per capita | $4,055 (128/197) | $4,925 (119/197) |
| Economic Freedom Index | 60.3 (94/197) | 65.2 (65/197) |
| Average Annual Inflation (29 years) | 1.86% | 8.23% |
| Government Deficit (2024) | N/A | -$32B (-2.29% of GDP) |
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