
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
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.
FRONTIER MARKETS REPORT | MOROCCO
Morocco boasts solid outward FDI, geopolitical stability and proximity to key markets, but corruption is commonplace.
USD 22.3 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 111.1 billion (2017, estimate)
Intl$ 302.7 billion (2017, estimate)
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
1980 | 1990 | 2000 | 2010 | 2017* |
0.23% | 0.25% | 0.21% | 0.23% | 0.2% |
*Estimate
(2016 estimate)
2013 | 2014 | 2015 | 2016* | 2017* |
1.9% | 0.4% | 1.5% | 1.3% | 1.3% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
9.2% | 9.9% | 9.7% | 10.2% | 10.1% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
61.7% | 63.5% | 64.1% | 64.4% | 63.8% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
-5.2% | -4.9% | -4.4% | -3.5% | -3% |
*Estimate
Standard & Poor's: BBB-
Moody's: Ba1
Standard & Poor's / Moody's (Updated January 2017)
2013 | 2014 | 2015 |
USD 53.8 billion | USD 52.7 billion | USD 45.9 billion |
Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank.
-1.4% (2017 estimate)
34.3% (2015)
0.1% (2015)
0.3% (2015)
Clothing and textiles, automobiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish
Crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics
Spain 22.1%, France 19.7%, India 4.9%, US 4.3%, Italy 4.3% (2015)
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)
2013 | 2014 | 2015 |
USD 3,298 million | USD 3,561 million | USD 3,162 million |
2013 | 2014 | 2015 |
USD 332 million | USD 436 million | USD 649 million |
2012 | 2013 | 2014 | 2015 |
USD 101.1 million | USD 147.2 million | N/A | USD 80.8 million |
N/A
N/A
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
70 out of 138 countries
(2016-2017)
Ranking: 85 / Score: 61.27 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Arabic (official), Berber languages (Tamazight (official), Tachelhit, Tarifit), French (often the language of business, government, and diplomacy)
Muslim 99% (official; virtually all Sunni, <0.1% Shia), other 1% (includes Christian, Jewish, and Baha'i); note - Jewish about 6,000 (2010 est.)
1990 | 2000 | 2010 | 2016* | 2021* |
24.043 million | 28.466 million | 31.851 million | 33.827 million | 35.427 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
29% | 41% | 53% | 60% |
Total population: 68.5%
Male: 78.6%
Female: 58.8% (2015 est.)
(age 15 and over can read and write)
Political Rights: 5
Civil Liberties: 4 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 6.55% Mobile 126.87% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)