Economy of Morocco. Statistics, Data and Indicators
Morocco
| 54BBB- | Credit rank #55 |
| N/A | Quality of life # |
| 94 | Corruption rank#67 |
| 53 | Ease of doing business#60 |
Morocco Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 143 USD Billion | 2021 |
| GDP Annual Growth Rate | 0.5 % | 4Q/22 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3291 USD | 2021 |
| Inflation Rate YoY | 10.1 % | Feb/23 |
| Interest Rate | 3 % | Mar/23 |
| Unemployment Rate | 11.8 % | 4Q/22 |
| Balance of Trade | -21771 MAD Million | -2.132 B USD | Jan/23 |
| Current Account | -49363 MAD Million | -4.833 B USD | 3Q/22 |
| Foreign Exchange Reserves | 333598 MAD Million | 32.664 B USD | Jan/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 143 USD Billion | 2021 |
| GDP Annual Growth Rate | 0.5 % | 4Q/22 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3291 USD | 2021 |
| GDP Constant Prices | 301285 MAD Million | 29.5 B USD | 3Q/22 |
| GDP per capita PPP | 7509 USD | 2017 |
| GDP From Agriculture | 24850 MAD Million | 2.433 B USD | 3Q/22 |
| GDP From Construction | 16491 MAD Million | 1.615 B USD | 3Q/22 |
| GDP From Manufacturing | 43666 MAD Million | 4.276 B USD | 2022 |
| GDP From Mining | 6073 MAD Million | 0.595 B USD | 3Q/22 |
| GDP From Public Administration | 32134 MAD Million | 3.146 B USD | 3Q/22 |
| GDP From Services | 168816 MAD Million | 16.53 B USD | 3Q/22 |
| GDP From Transport | 9082 MAD Million | 0.889 B USD | 3Q/22 |
| GDP From Utilities | 8862 MAD Million | 0.868 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 77.9 % | 2021 |
| Government Spending | 238486 MAD Million | 23.351 USD Billion | 2021 |
| Government Budget to GDP | -6.7 % | 2021 |
| Military Expenditure | 5378 USD Million | 5.378 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 117 index points | Feb/23 |
| Food Inflation | 20.8 % | Feb/23 |
| Inflation Rate YoY | 10.1 % | Feb/23 |
| Producer Prices | 118 index points | Feb/23 |
| Inflation Rate Mom | 1.7 % | Feb/23 |
| Core Inflation Rate | 8.5 % | Feb/23 |
| CPI Housing Utilities | 104 Index Points | Feb/23 |
| CPI Transportation | 120 Index Points | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.3 % | 2021 |
| Balance of Trade | -21771 MAD Million | -2.132 USD Billion | Jan/23 |
| Capital Flows | -8986 MAD Million | -0.88 USD Billion | 1Q/21 |
| Current Account | -49363 MAD Million | -4.833 USD Billion | 3Q/22 |
| Exports | 32631 MAD Million | 3.195 USD Billion | Jan/23 |
| External Debt | 615686 MAD Million | 60.285 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 333598 MAD Million | 32.664 USD Billion | Jan/23 |
| Imports | 54402 MAD Million | 5.327 USD Billion | Jan/23 |
| Tourist Arrivals | 3721702 Persons | 3.722 Million Persons | 2021 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 22.12 Tonnes | 4Q/22 |
| Interest Rate | 3 % | Mar/23 |
| Money Supply M1 | 1192258 MAD Million | 116.739 USD Billion | Feb/23 |
| Money Supply M2 | 1371522 MAD Million | 134.292 USD Billion | Feb/23 |
| Money Supply M3 | 1697919 MAD Million | 166.251 USD Billion | Feb/23 |
| Central Bank Balance Sheet | 465806 MAD Million | 45.609 B USD | Jan/23 |
| Deposit Interest Rate | 2.5 % | 2022 |
| Foreign Direct Investment | 3816 MAD Million | 0.374 B USD | 3Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 11.8 % | 4Q/22 |
| Youth Unemployment Rate | 35.7 % | 4Q/22 |
| Employed Persons | 10749 Thousand Person | 10.749 Million Person | 4Q/22 |
| Employment Rate | 39.1 % | 4Q/22 |
| Unemployed Persons | 1442 Thousand Persons | 1.442 Million Persons | 4Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 31 % | 2022 |
| Personal Income Tax Rate | 38 % | 2022 |
| Sales Tax Rate | 20 % | 2022 |
| Social Security Rate For Companies | 21.09 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0.03 BBL/D/1K | Nov/22 |
| Industrial Production | 0.8 % | 4Q/22 |
| Mining Production | -28.9 % | 4Q/22 |
| Steel Production | 45 Thousand Tonnes | Aug/17 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 38 index points | 2022 |
| Corruption Rank | 94 place | 2022 |
| Ease of Doing Business | 53 place | 2019 |
| Competitiveness Index | 60.01 Index Points | 2019 |
| Competitiveness Rank | 75 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 47.4 index points | 3Q/22 |
| Consumer Spending | 754704 MAD Million | 73.896 USD Billion | 2021 |
