Source
Central bank

Central Bank of Morocco

International Reserves

USD 36.00 billion (2020)

World Bank, last updated 12/16/2021

Gross Domestic Product - GDP

USD 126.04 billion (2021 estimate)

GDP (Purchasing Power Parity)

USD 302.77 billion (2021 estimate)

Real GDP growth
2016 2017 2018 2019* 2020*
3.1% 3.1% 2.6% -6.3% 5.7%

*Estimate

GDP per capita - current prices

USD 3,470.80 (2021 estimate)

GDP per capita - PPP

USD 8,337.66 (2021 estimate)

GDP (PPP) - share of world total

USD 0.21% (2021 estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 12.2% 
  • industry: 25.3% 
  • services: 51.2%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2016 2017 2018 2019* 2020*
0.7% 1.6% 0.2% 0.6% 1.4%

*Estimate

Unemployment rate
2016 2017 2018 2019* 2020*
10.6% 9.4% 10.2% 12.2% 12.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2016 2017 2018 2019* 2020*
65.1% 65.2% 65.1% 75.4% 75.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2016 2017 2018 2019* 2020*
-0.9% -1.3% -1.5% -5.1% -4.1%

*Estimate

Government bond ratings

Standard & Poor's: BBB–

Moody's: N/A

Standard & Poor's / Moody's (January 2022)

Market value of publicly traded shares

USD 65.6 billion (2020)

Largest companies

Attijariwafa Bank, Maroc Telecom, Banque Centrale Populaire

 
 
Source
Current account balance

USD -1.5 billion (2017 estimate)

Current account balance by percentage of GDP

-1.4% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

34.3% (2015)

Shares in world total merchandising export

0.1% (2015)

Shares in world total commercial services export

0.3% (2015)

Total exports

USD 18.7 billion (2016 estimate)

Export commodities

Clothing and textiles, automobiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish

Total imports

USD 33.2 billion (2016 estimate)

 
 
Source
Import commodities

Crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics

Exports - major partners

Spain 22.1%, France 19.7%, India 4.9%, US 4.3%, Italy 4.3% (2015)

Imports - major partners

Spain 13.9%, France 12.4%, China 8.5%, US 6.5%, Germany 5.8%, Italy 5.5%, Russia 4.4%, Turkey 4.3% (2015)

FDI inflows
2013 2014 2015
USD 3,298 million USD 3,561 million USD 3,162 million
FDI outflows
2013 2014 2015
USD 332 million USD 436 million USD 649 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 101.1 million USD 147.2 million N/A USD 80.8 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 68 out of 190 countries (2017)

Subcategories:

Starting a business: 40 out of 190 countries

Enforcing Contracts: 57 out of 190 countries

Registering Property: 87 out of 190 countries

Getting Credit: 101 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 63 out of 190 countries

Paying Taxes: 41 out of 190 countries

Dealing with Construction Permits: 18 out of 190 countries

Getting Electricity: 57 out of 190 countries

Resolving Insolvency: 131 out of 190 countries

Global competitiveness ranking

70 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 85 / Score: 61.27 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC 0

Total area

446,550 sq km

Capital

Rabat

Currency

Moroccan dirhams (MAD)

Government type

Parliamentary constitutional monarchy

Languages

Arabic (official), Berber languages (Tamazight (official), Tachelhit, Tarifit), French (often the language of business, government, and diplomacy)

Religions

Muslim 99% (official; virtually all Sunni, <0.1% Shia), other 1% (includes Christian, Jewish, and Baha'i); note - Jewish about 6,000 (2010 est.)

Total population
1990 2000 2010 2016* 2021*
24.043 million 28.466 million 31.851 million 33.827 million 35.427 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
29% 41% 53% 60%
Population median age

28.9 years (2016 estimate)

Population growth rate

0.99% (2016 estimate)

Life expectancy

76.9 years (2016 estimate)

Literacy

Total population: 68.5%
Male: 78.6%
Female: 58.8% (2015 est.)

(age 15 and over can read and write) 

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 6.55%   Mobile 126.87% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

57.08% (2015)

Mercer Cost of living index

Casablanca: 130th (2016)

CO2 emissions

1.8 (2013)

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