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Morocco GDP and Economic Data

Includes Morocco real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Morocco economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Morocco best banks and safest banks are also available.

 
 
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Central bank

Central Bank of Morocco

Source
International Reserves

USD 22.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 111.1 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 302.7 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
7.6% 3.5% 5.9% 4.2% 3.8% 5.3% 3%
2013 2014 2015 2016* 2017*    
4.5% 2.6% 4.5% 1.9% 4.8%    

*Estimate

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GDP per capita - current prices

USD 3,252.9 (2017, estimate)

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GDP per capita - PPP

Intl$ 8,863.1 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.23% 0.25% 0.21% 0.23% 0.2%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 13.1% 
  • industry: 29.8% 
  • services: 57.2%

(2016 estimate)

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

N/A

 

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Inflation
2013 2014 2015 2016* 2017*
1.9% 0.4% 1.5% 1.3% 1.3%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016* 2017*
9.2% 9.9% 9.7% 10.2% 10.1%

*Estimate

Source
Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
61.7% 63.5% 64.1% 64.4% 63.8%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.2% -4.9% -4.4% -3.5% -3%

*Estimate

Source
Government bond ratings

Standard & Poor's: BBB-

Moody's: Ba1

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
USD 53.8 billion USD 52.7 billion USD 45.9 billion
Source
Largest companies

Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank.

Source
 
 
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Current account balance

USD -1.5 billion (2017 estimate)

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Current account balance by percentage of GDP

-1.4% (2017 estimate)

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

34.3% (2015)

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Shares in world total merchandising export

0.1% (2015)

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Shares in world total commercial services export

0.3% (2015)

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Total exports

USD 18.7 billion (2016 estimate)

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Export commodities

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

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Total imports

USD 33.2 billion (2016 estimate)

Source
 
 
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Import commodities

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

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Exports - major partners

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

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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)

Source
FDI inflows
2013 2014 2015
USD 3,298 million USD 3,561 million USD 3,162 million
Source
FDI outflows
2013 2014 2015
USD 332 million USD 436 million USD 649 million
Source
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
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

N/A

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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

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Global competitiveness ranking

70 out of 138 countries

(2016-2017)

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Index of Economic Freedom

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

(100=totally free 0=totally repressed)

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Time zone

UTC 0

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Total area

446,550 sq km

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Capital

Rabat

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Currency

Moroccan dirhams (MAD)

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Government type

Parliamentary constitutional monarchy

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Languages

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

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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.)

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

*Estimate

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

28.9 years (2016 estimate)

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Population growth rate

0.99% (2016 estimate)

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Life expectancy

76.9 years (2016 estimate)

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Literacy

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

(age 15 and over can read and write) 

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% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2017)                         

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

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Total telephone subscribers as % of population

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

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Internet users as % of total population

57.08% (2015)

Source
Mercer Cost of living index

Casablanca: 130th (2016)

Source
CO2 emissions

1.8 (2013)

Source

World's Best Developed & Emerging Markets Banks

2013
2012
2011
2010
2009

World's Best Islamic Financial Institutions

2012

World's Best Internet Banks

2013
2012
2011
2010
2009

World's Best Subcustodian Banks

2011
2010

World’s Best Investment Banks

2014
2013
2004

World's Best Banks By Region

2014
2013
2012
2011
2003

World's Best Banks

2014
2013
2013

World’s Best Trade Finance Banks

2014
2012
2011

Best of…

2013
2012
2009
2005

World's Biggest Banks

2010
2009

Additional Awards

2014
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