Morocco Economic Statistics and Indicators

19, Jan 2021, EST. Welcome to the Morocco economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Morocco › Change country
National or Regional Currency: Moroccan Dirham, MAD
Year of data: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 32,987,206 (July 2014 est.)
Area: total: 446,550 sq km ; land: 446,300 sq km ; water: 250 sq km
Natural Resources: phosphates, iron ore, manganese, lead, zinc, fish, salt
Capital: name: Rabat ; geographic coordinates: 34 01 N, 6 49 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1 hr, begins last Sunday in April; ends last Sunday in September

Morocco has capitalized on its proximity to Europe and relatively low labor costs to build a diverse, open, market-oriented economy. In the 1980s Morocco was a heavily indebted country before pursuing austerity measures and pro-market reforms, overseen by the IMF. Since taking the throne in 1999, King MOHAMMED VI has presided over a stable economy marked by steady growth, low inflation, and gradually falling unemployment, although a poor harvest and economic difficulties in Europe contributed to an economic slowdown in 2012. Industrial development strategies and infrastructure improvements - most visibly illustrated by a new port and free trade zone near Tangier - are improving Morocco's competitiveness. Morocco also seeks to expand its renewable energy capacity with a goal of making renewable 40% of electricity output by 2020. Key sectors of the economy include agriculture, tourism, phosphates, textiles, apparel, and subcomponents. To boost exports, Morocco entered into a bilateral Free Trade Agreement with the United States in 2006 and an Advanced Status agreement with the European Union in 2008. Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. In 2011 and 2012, high prices on fuel - which is subsidized and almost entirely imported - strained the government's budget and widened the country's current account deficit. In the fall of 2013, Morocco capped some of its fuel subsidies in an effort to gradually reduce the country’s large budgetary deficit. Key economic challenges for Morocco include fighting corruption and reforming the education system, the judiciary, and the government's costly subsidy program.
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GDP (Constant Prices, National Currency) for Morocco in year 2015 is MAD 901.672 Billion.

GDP Growth (Constant Prices, National Currency) for Morocco in year 2015 is 4.466 %.

GDP (Current Prices, National Currency) for Morocco in year 2015 is MAD 1,001.57 Billion.

GDP (Current Prices, US Dollars) for Morocco in year 2015 is US$ 103.142 Billion.

GDP Deflator for Morocco in year 2015 is 111.079 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Morocco in year 2015 is MAD 26,913.18 .

GDP Per Capita (Current Prices, National Currency) for Morocco in year 2015 is MAD 29,894.87 .

GDP Per Capita (Current Prices, US Dollars) for Morocco in year 2015 is US$ 3,078.59 .

GDP (PPP), US Dollars for Morocco in year 2015 is US$ 273.533 Billion.

GDP Per Capita (PPP), US Dollars for Morocco in year 2015 is US$ 8,164.42 .

GDP Share of World Total (PPP) for Morocco in year 2015 is 0.241 %.

Implied PPP Conversion Rate for Morocco in year 2015 is 3.662 .

Investment (% of GDP) for Morocco in year 2015 is 33.347 %.

Gross National Savings (% of GDP) for Morocco in year 2015 is 31.977 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Morocco in year 2015 is 114.87 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Morocco in year 2015 is 1.6 %.

Inflation, End of Year (Indexed to Year 2000) for Morocco in year 2015 is 116.478 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Morocco in year 2015 is 1.6 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Morocco in year 2015 is -5.578 %.

Import Volumes of Goods Only (Percent Change) for Morocco in year 2015 is -7.355 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Morocco in year 2015 is -2.735 %.

Export Volumes of Goods Only (Percent Change) for Morocco in year 2015 is -3.408 %.

Unemployment Rate (% of Labour Force) for Morocco in year 2015 is 9.779 %.

Population for Morocco in year 2015 is 33.503 Million .

General government revenue (National Currency) for Morocco in year 2015 is MAD 256.419 Billions.

General government revenue (% of GDP) for Morocco in year 2015 is 25.602 %.

General government total expenditure (National Currency) for Morocco in year 2015 is MAD 299.461 Billions.

General government total expenditure (% of GDP) for Morocco in year 2015 is 29.899 %.

Total Government Net Lending/ Borrowing (National Currency) for Morocco in year 2015 is MAD -43.042 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Morocco in year 2015 is -4.297 %.

General Government Structural Balance (National Currency) for Morocco in year 2015 is MAD -49.938 Billion.

General Government Structural Balance (% Potential GDP) for Morocco in year 2015 is -4.943 %.

Fiscal Year Gross Domestic Product, Current Prices for Morocco in year 2015 is MAD 1,001.57 Billions.

Current Account Balance (US Dollars) for Morocco in year 2015 is US$ -1.413 Billion.

Current Account Balance (% GDP) for Morocco in year 2015 is -1.37 %.