GFmag Online Readers Survey 2012
Morocco


Morocco Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Morocco; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankBank of Morocco
International ReservesUS$ 21.725 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 100.323 billion (2009 estimate)
GDP (Purchasing Power Parity)158.994 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
1.6%7.6%3.3%6.3%4.8%3%7.8%2.7%
2008200920102011*
5.6%4.9%3.2%3.9%

*Estimate

GDP per capita - current pricesUS$ 3,117 (2009 estimate)
GDP per capita - PPP$4,940 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.2%0.21%0.18%0.21%0.21%

**Forecast

GDP - composition by sector
  • agriculture: 16.6% 
  • industry: 32.3% 
  • services: 51% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
3.9%(2008)1%1%2.9%

*Estimate

Unemployment rate
2008200920102011*
9.6%9.1%9%(2009)8.9%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
54.6%48.2%47.7%49.9%52.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
1.5%1.2%-2.6%-3.4%-3.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB-/Stable/A-3

Moody's rating: Ba1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$75.495 billionUS$65.748 billionUS$62.91 billion
Largest companies in MoroccoAttijariwafa Bank (Regional Banks), BMCE-Banque Marocaine (Regional Banks)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -5.7 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-5.7% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

26.9% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.12%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.33%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$14.49 billion f.o.b. (2010 estimate)
Export commoditiesclothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish
Total importsUS$34.44 billion f.o.b. (2008 estimate)
Import commoditiescrude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics
Exports - major partnersSpain 21.2%, France 19%, Italy 4.9%, UK 4.6%, India 4.2% (2007)
Imports - major partnersFrance 16.1%, Spain 13.6%, China 7.3%, Italy 6.7%, Saudi Arabia 6.4%, Germany 5.9%, US 4.5%, Netherlands 4.1% (2007)
FDI inflows
200820092010
US$2,487 millionUS$1,952 million(2009)US$1,304 million(2009)
FDI outflows
200820092010
US$485 millionUS$470 millionUS$576 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AUS$324 million(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 114 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 82 out of 183 countries(2009)

Registering property: 124 out of 183 countries

Paying Taxes: 124 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 154 out of 183 countries

Trading across border: 80 out of 183 countries

Enforcing Contracts: 106 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		73

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 93 Score: 59.6 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC 0
Total area 446,550 km2 (2006)
CapitalRabat (2009)
CurrencyMoroccan dirhams (MAD) (2009)
Government typeconstitutional monarchy (2009)
LanguagesArabic (official), Berber dialects, French often the language of business, government, and diplomacy
ReligionsMuslim 98.7%, Christian 1.1%, Jewish 0.2%
Total population
1980199020002010*2015**
19.33 million24.04 million28.47 million31.97 million33.35 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
29.4%41.2%53.3%56.4%
Population median age25.0 years (2006)
Population growth rate1.2% (2009)
Life expectancy71 years (2007)
Adult literacy56% (2000/2007)
% of population living on less than $2 a day13.97% (2011)
Inequality of wealth distribution (Gini index)

40.9 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:4 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

111.83% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population49% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Rabat: 166th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.5157 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:
  • COUNTRY WINNERS Arab Bank (National, 2012)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Attijariwafa Bank (National, 2012)
2011:
  • COUNTRY WINNERS Attijariwafa Bank (National, 2011)
2010:
  • COUNTRY WINNERS Attijariwafa Bank (National, 2010)
2009:
  • COUNTRY WINNERS Attijariwafa Bank (National, 2009)

WORLD'S BIGGEST BANKS

2010:
  • BIGGEST BANKS IN AFRICA Attijariwafa bank (Africa, 2010)
  • BIGGEST BANKS IN AFRICA Banque Centrale Populaire (Africa, 2010)
  • BIGGEST BANKS IN AFRICA Banque Marocaine du Commerce Extérieur (Africa, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Attijariwafa bank (Global, 2010)
  • OVERALL BIGGEST Banque Centrale Populaire (Global, 2010)
  • OVERALL BIGGEST Banque Marocaine du Commerce Extérieur (Global, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE