Economy of Morocco. Statistics, Data and Indicators
Morocco
| 54BBB- | Credit rank #55 |
| N/A | Quality of life # |
| 86 | Corruption rank#67 |
| 53 | Ease of doing business#60 |
Morocco Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 113 USD Billion | 2020 |
| GDP Annual Growth Rate | 1 % | 1Q/21 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3127 USD | 2020 |
| Inflation Rate YoY | 1.9 % | May/21 |
| Interest Rate | 1.5 % | Jun/21 |
| Unemployment Rate | 12.5 % | 1Q/21 |
| Balance of Trade | -17705 MAD Million | -1.985 B USD | May/21 |
| Current Account | -8958 MAD Million | -1.004 B USD | 1Q/21 |
| Foreign Exchange Reserves | 304454 MAD Million | 34.132 B USD | May/21 |
GDP
113
USD Billion
#63 from 174 countries
GDP per capita
3127
USD
#108 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 113 USD Billion | 2020 |
| GDP Annual Growth Rate | 1 % | 1Q/21 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 3127 USD | 2020 |
| GDP Constant Prices | 251867 MAD Million | 28.237 B USD | 1Q/21 |
| GDP per capita PPP | 7509 USD | 2017 |
| GDP From Agriculture | 33160 MAD Million | 3.718 B USD | 1Q/21 |
| GDP From Construction | 12773 MAD Million | 1.432 B USD | 1Q/21 |
| GDP From Manufacturing | 35497 MAD Million | 3.98 B USD | 2021 |
| GDP From Mining | 4232 MAD Million | 0.474 B USD | 1Q/21 |
| GDP From Public Administration | 21916 MAD Million | 2.457 B USD | 1Q/21 |
| GDP From Services | 32712 MAD Million | 3.667 B USD | 1Q/21 |
| GDP From Transport | 7767 MAD Million | 0.871 B USD | 1Q/21 |
| GDP From Utilities | 5998 MAD Million | 0.672 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 77.4 % | 2020 |
| Government Spending | 227440 MAD Million | 25.498 USD Billion | 2020 |
| Government Budget to GDP | -7.6 % | 2020 |
| Military Expenditure | 4794 USD Million | 4.794 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 104 index points | May/21 |
| Food Inflation | 1.5 % | May/21 |
| Inflation Rate YoY | 1.9 % | May/21 |
| Producer Prices | 101 index points | May/21 |
| Inflation Rate Mom | 0.3 % | May/21 |
| Core Inflation Rate | 1 % | May/21 |
| CPI Housing Utilities | 102 Index Points | May/21 |
| CPI Transportation | 105 Index Points | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -1.5 % | 2020 |
| Balance of Trade | -17705 MAD Million | -1.985 USD Billion | May/21 |
| Capital Flows | -8792 MAD Million | -0.986 USD Billion | 1Q/21 |
| Current Account | -8958 MAD Million | -1.004 USD Billion | 1Q/21 |
| Exports | 23836 MAD Million | 2.672 USD Billion | May/21 |
| External Debt | 577404 MAD Million | 64.732 USD Billion | 1Q/21 |
| Foreign Exchange Reserves | 304454 MAD Million | 34.132 USD Billion | May/21 |
| Imports | 41541 MAD Million | 4.657 USD Billion | May/21 |
| Tourist Arrivals | 7250000 Persons | 7.25 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 22.12 Tonnes | 1Q/21 |
| Interest Rate | 1.5 % | Jun/21 |
| Money Supply M1 | 1024206 MAD Million | 114.823 USD Billion | May/21 |
| Money Supply M2 | 1196472 MAD Million | 134.135 USD Billion | May/21 |
| Money Supply M3 | 1505344 MAD Million | 168.762 USD Billion | May/21 |
| Central Bank Balance Sheet | 389240 MAD Million | 43.637 B USD | Apr/21 |
| Deposit Interest Rate | 2.9 % | 2020 |
| Foreign Direct Investment | 16744 MAD Million | 1.877 B USD | 4Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 12.5 % | 1Q/21 |
| Youth Unemployment Rate | 32.5 % | 1Q/21 |
| Employed Persons | 10755 Thousand Person | 10.755 Million Person | 1Q/21 |
| Employment Rate | 39.9 % | 1Q/21 |
| Unemployed Persons | 1534 Thousand Persons | 1.534 Million Persons | 1Q/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 31 % | 2021 |
| Personal Income Tax Rate | 38 % | 2021 |
| Sales Tax Rate | 20 % | 2021 |
| Social Security Rate For Companies | 18.5 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0 BBL/D/1K | Mar/21 |
| Industrial Production | 0.9 % | 1Q/21 |
| Mining Production | 3.6 % | 1Q/21 |
| Steel Production | 45 Thousand Tonnes | Aug/17 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 40 index points | 2020 |
| Corruption Rank | 86 place | 2020 |
| 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 | 63 index points | 2Q/21 |
| Consumer Spending | 628081 MAD Million | 70.413 USD Billion | 2020 |
Gold Reserves
22.12
Tonnes
#57 from 114 countries
Foreign Exchange Reserves
34.132
USD Billion
#53 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
1.9
%
#144 from
174 countries
Interest Rate
1.5
%
#106 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
12.5
%
#56 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
