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 | 134 USD Billion | 2022 |
| GDP Annual Growth Rate | 2.3 % | 2Q/23 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3292 USD | 2022 |
| Inflation Rate YoY | 5 % | Aug/23 |
| Interest Rate | 3 % | Sep/23 |
| Unemployment Rate | 12.4 % | 2Q/23 |
| Balance of Trade | -24058 MAD Million | -2.35 B USD | Aug/23 |
| Current Account | 481 MAD Million | 0.047 B USD | 1Q/23 |
| Foreign Exchange Reserves | 358457 MAD Million | 35.012 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 134 USD Billion | 2022 |
| GDP Annual Growth Rate | 2.3 % | 2Q/23 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3292 USD | 2022 |
| GDP Constant Prices | 299124 MAD Million | 29.217 B USD | 2Q/23 |
| GDP per capita PPP | 7509 USD | 2017 |
| GDP From Agriculture | 28484 MAD Million | 2.782 B USD | 2Q/23 |
| GDP From Construction | 15106 MAD Million | 1.475 B USD | 2Q/23 |
| GDP From Manufacturing | 41829 MAD Million | 4.086 B USD | 2023 |
| GDP From Mining | 5915 MAD Million | 0.578 B USD | 2Q/23 |
| GDP From Public Administration | 33968 MAD Million | 3.318 B USD | 2Q/23 |
| GDP From Services | 167114 MAD Million | 16.323 B USD | 2Q/23 |
| GDP From Transport | 8217 MAD Million | 0.803 B USD | 2Q/23 |
| GDP From Utilities | 8805 MAD Million | 0.86 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 71.6 % | 2022 |
| Government Spending | 255627 MAD Million | 24.968 USD Billion | 2022 |
| Government Budget to GDP | -5.3 % | 2022 |
| Military Expenditure | 1156 USD Million | 1.156 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 118 index points | Aug/23 |
| Food Inflation | 10.6 % | Aug/23 |
| Inflation Rate YoY | 5 % | Aug/23 |
| Producer Prices | 119 index points | Jun/23 |
| Inflation Rate Mom | 0.3 % | Aug/23 |
| Core Inflation Rate | 4.9 % | Aug/23 |
| CPI Housing Utilities | 105 Index Points | Aug/23 |
| CPI Transportation | 120 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.5 % | 2022 |
| Balance of Trade | -24058 MAD Million | -2.35 USD Billion | Aug/23 |
| Capital Flows | 2839 MAD Million | 0.277 USD Billion | 1Q/23 |
| Current Account | 481 MAD Million | 0.047 USD Billion | 1Q/23 |
| Exports | 30563 MAD Million | 2.985 USD Billion | Aug/23 |
| External Debt | 676819 MAD Million | 66.109 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 358457 MAD Million | 35.012 USD Billion | Aug/23 |
| Imports | 54621 MAD Million | 5.335 USD Billion | Aug/23 |
| Tourist Arrivals | 3721702 Persons | 3.722 Million Persons | 2021 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 22.12 Tonnes | 2Q/23 |
| Interest Rate | 3 % | Sep/23 |
| Money Supply M1 | 1238746 MAD Million | 120.995 USD Billion | Aug/23 |
| Money Supply M2 | 1419788 MAD Million | 138.678 USD Billion | Aug/23 |
| Money Supply M3 | 1731339 MAD Million | 169.109 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 495296 MAD Million | 48.378 B USD | Aug/23 |
| Deposit Interest Rate | 2.5 % | 2022 |
| Foreign Direct Investment | 3655 MAD Million | 0.357 B USD | 1Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 12.4 % | 2Q/23 |
| Youth Unemployment Rate | 33.6 % | 2Q/23 |
| Employed Persons | 10939 Thousand Person | 10.939 Million Person | 2Q/23 |
| Employment Rate | 39.1 % | 4Q/22 |
| Unemployed Persons | 1543 Thousand Persons | 1.543 Million Persons | 2Q/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 32 % | 2023 |
| Personal Income Tax Rate | 38 % | 2023 |
| Sales Tax Rate | 20 % | 2023 |
| Social Security Rate For Companies | 21.09 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0.03 BBL/D/1K | Jan/23 |
| Industrial Production | -3.5 % | 2Q/23 |
| Mining Production | -18.6 % | 2Q/23 |
| 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 | 45.4 index points | 2Q/23 |
| Consumer Spending | 813450 MAD Million | 79.454 USD Billion | 2022 |
