Economy of Morocco. Statistics, Data and Indicators
Morocco
| 54BBB- | Credit rank #55 |
| N/A | Quality of life # |
| 87 | Corruption rank#67 |
| 53 | Ease of doing business#60 |
Morocco Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 133 USD Billion | 2021 |
| GDP Annual Growth Rate | 0.3 % | 1Q/22 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 2991 USD | 2021 |
| Inflation Rate YoY | 7.2 % | Jun/22 |
| Interest Rate | 1.5 % | Jun/22 |
| Unemployment Rate | 11.2 % | 2Q/22 |
| Balance of Trade | -33682 MAD Million | -3.286 B USD | Jun/22 |
| Current Account | -16416 MAD Million | -1.602 B USD | 1Q/22 |
| Foreign Exchange Reserves | 329401 MAD Million | 32.137 B USD | Jun/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 133 USD Billion | 2021 |
| GDP Annual Growth Rate | 0.3 % | 1Q/22 |
| GDP Growth Rate | 2.6 % | 4Q/18 |
| GDP per capita | 2991 USD | 2021 |
| GDP Constant Prices | 292065 MAD Million | 28.494 B USD | 1Q/22 |
| GDP per capita PPP | 7509 USD | 2017 |
| GDP From Agriculture | 26351 MAD Million | 2.571 B USD | 1Q/22 |
| GDP From Construction | 17025 MAD Million | 1.661 B USD | 1Q/22 |
| GDP From Manufacturing | 41356 MAD Million | 4.035 B USD | 2022 |
| GDP From Mining | 6392 MAD Million | 0.624 B USD | 1Q/22 |
| GDP From Public Administration | 31644 MAD Million | 3.087 B USD | 1Q/22 |
| GDP From Services | 31646 MAD Million | 3.087 B USD | 4Q/21 |
| GDP From Transport | 7869 MAD Million | 0.768 B USD | 1Q/22 |
| GDP From Utilities | 8824 MAD Million | 0.861 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 77.9 % | 2021 |
| Government Spending | 238486 MAD Million | 23.267 USD Billion | 2021 |
| Government Budget to GDP | -6.9 % | 2021 |
| Military Expenditure | 4794 USD Million | 4.794 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 111 index points | Jun/22 |
| Food Inflation | 11 % | Jun/22 |
| Inflation Rate YoY | 7.2 % | Jun/22 |
| Producer Prices | 118 index points | Jun/22 |
| Inflation Rate Mom | 0.5 % | Jun/22 |
| Core Inflation Rate | 6.4 % | Jun/22 |
| CPI Housing Utilities | 104 Index Points | Jun/22 |
| CPI Transportation | 124 Index Points | Jun/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.3 % | 2021 |
| Balance of Trade | -33682 MAD Million | -3.286 USD Billion | Jun/22 |
| Capital Flows | -8986 MAD Million | -0.877 USD Billion | 1Q/21 |
| Current Account | -16416 MAD Million | -1.602 USD Billion | 1Q/22 |
| Exports | 38576 MAD Million | 3.764 USD Billion | Jun/22 |
| External Debt | 615686 MAD Million | 60.067 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 329401 MAD Million | 32.137 USD Billion | Jun/22 |
| Imports | 72258 MAD Million | 7.05 USD Billion | Jun/22 |
| Tourist Arrivals | 4000000 Persons | 4 Million Persons | 2021 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 22.12 Tonnes | 1Q/22 |
| Interest Rate | 1.5 % | Jun/22 |
| Money Supply M1 | 1121375 MAD Million | 109.402 USD Billion | Jun/22 |
| Money Supply M2 | 1297397 MAD Million | 126.575 USD Billion | Jun/22 |
| Money Supply M3 | 1608632 MAD Million | 156.94 USD Billion | Jun/22 |
| Central Bank Balance Sheet | 418216 MAD Million | 40.802 B USD | Nov/21 |
| Deposit Interest Rate | 2.6 % | 2021 |
| Foreign Direct Investment | 6489 MAD Million | 0.633 B USD | 2Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 11.2 % | 2Q/22 |
| Youth Unemployment Rate | 30.2 % | 2Q/22 |
| Employed Persons | 11025 Thousand Person | 11.025 Million Person | 2Q/22 |
| Employment Rate | 40.2 % | 2Q/22 |
| Unemployed Persons | 1387 Thousand Persons | 1.387 Million Persons | 2Q/22 |
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 | 21.09 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0 BBL/D/1K | Mar/22 |
| Industrial Production | -2.3 % | 1Q/22 |
| Mining Production | -10.1 % | 1Q/22 |
| Steel Production | 45 Thousand Tonnes | Aug/17 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 39 index points | 2021 |
| Corruption Rank | 87 place | 2021 |
| 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 | 50.1 index points | 2Q/22 |
| Consumer Spending | 754704 MAD Million | 73.63 USD Billion | 2021 |
