Morocco - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Morocco including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Morocco economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 2.90 4.1 4.1 4.1 4.1 4.1 percent
Unemployment Rate 10.50 9.9 9.7 9.8 9.8 9 percent
Inflation Rate 2.50 1.6 1.3 1.8 1.5 2 percent
Interest Rate 2.25 2.25 2.25 2.25 2 1.75 percent
Balance of Trade -15144.00 -17391 -12900 -16209 -13751 -16241 MAD Million
Government Debt to GDP 63.00 67 67 67 69 70 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 9.45
9.33 9.44 9.55 9.66 10.12
Stock Market 12631.94
points
12590 12335 12086 11842 10914
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 2.90
percent
4.1 4.1 4.1 4.1 4.1
GDP Annual Growth Rate 2.90
percent
3 4.1 3.3 4.1 5.5
GDP 101.45
USD Billion
101 101 100 97.1 96.4
GDP Constant Prices 244027.40
MAD Million
239428 244182 251237 240645 274332
Gross Fixed Capital Formation 306910.00
MAD Million
311514 313202 330037 319493 360375
GDP per capita 3196.00
USD
3247 3288 3271 3310 3277
GDP per capita PPP 7265.80
USD
7368 7396 7424 7471 7373
Gdp From Agriculture 29875.70
MAD Million
32000 31146 29273 32005 31964
Gdp From Construction 11795.40
MAD Million
11760 12204 12470 11781 13616
Gdp From Mining 3761.10
MAD Million
3995 3722 3441 3498 3757
Gdp From Public Administration 19338.20
MAD Million
19570 19477 20716 19670 22620
Gdp From Services 28727.10
MAD Million
28481 29111 29185 29126 31868
Gdp From Transport 9359.20
MAD Million
8815 9397 9343 9058 10201
Gdp From Utilities 5281.90
MAD Million
4968 5080 5177 4885 5653
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.50
percent
9.9 9.7 9.8 9.8 9
Employed Persons 10882.00
Thousand
10678 10578 10663 10591 10630
Unemployed Persons 1272.00
Thousand
1068 1236 1088 1219 1141
Population 34.90
Million
35.8 35.8 35.8 35.39 36.8
Employment Rate 42.20
percent
42.59 43.06 42.8 42.94 42.89
Youth Unemployment Rate 25.70
percent
26.68 27.34 26.8 27.24 27.02
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.50
percent
1.6 1.3 1.8 1.5 2
Consumer Price Index CPI 119.60
Index Points
120 120 122 121 126
Producer Prices 108.80
Index Points
107 107 107 107 107
Food Inflation 3.30
percent
2.5 2.68 2.98 2.5 3
Inflation Rate Mom 0.10
percent
0.24 0.06 0.14 0.1 0.12
CPI Transportation 111.00
Index Points
112 112 113 113 117
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.25
percent
2.25 2.25 2.25 2 1.75
Money Supply M1 810515.00
MAD Million
803898 803091 802626 802276 798990
Money Supply M2 966145.00
MAD Million
976043 989204 1002516 1015785 1158478
Money Supply M3 1263410.00
MAD Million
1240271 1237777 1236371 1235577 1234553
Foreign Exchange Reserves 235338.00
MAD Million
225554 241999 229351 226217 232159
Banks Balance Sheet 1292576.00
MAD Million
1281151 1281599 1280847 1281225 1281145
Deposit Interest Rate 3.10
percent
3.53 3.44 3.36 3.34 3.02
Central Bank Balance Sheet 297399.00
MAD Million
293230 294946 294297 294091 294306
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -15144.00
MAD Million
-17391 -12900 -16209 -13751 -16241
Exports 24309.00
MAD Million
20639 19900 18179 20813 19827
Imports 39453.00
MAD Million
38030 32800 37324 34564 36068
Current Account -7159.00
MAD Million
-10412 -10412 -10412 -10412 -10412
Current Account to GDP -4.00
percent
-3.2 -3.2 -3.2 -2.8 -2.5
Capital Flows -20786.40
MAD Million
-20786 -20786 -20786 -20786 -20786
Tourist Arrivals 10331731.00
10374300 10346400 10318500 10229875 8979500
Gold Reserves 22.00
Tonnes
22.01 21.99 21.99 21.98 21.93
Terrorism Index 0.08
1.81 1.75 1.69 1.86 1.92
Crude Oil Production 0.16
BBL/D/1K
0.16 0.16 0.16 0.16 0.16
Foreign Direct Investment 6425.00
MAD Million
9264 9264 9264 9264 9264
External Debt 489155.33
MAD Million
478556 478556 478556 478556 478556
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 63.00
percent
67 67 67 69 70
Government Budget -3.60
percent of GDP
-3.2 -3.2 -3.2 -3.6 -3.3
Government Spending 195598.00
MAD Million
198532 199608 210337 203618 229672
Military Expenditure 3420.00
USD Million
3260 3260 3260 3247 3103
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 2.60
percent
2.07 2.05 1.41 2.05 1.87
Changes in Inventories 29014.00
MAD Million
23470 24482 25494 26099 28188
Internet Speed 5168.47
KBps
6003 6141 6280 6348 6980
IP Addresses 3732705.00
IP
3556926 3515296 3367319 3463663 3126307
Steel Production 45.00
Thousand Tonnes
45 45 45 45 45
Competitiveness Index 4.24
Points
4.22 4.22 4.22 4.22 4.22
Competitiveness Rank 71.00
70 70 70 70 70
Ease of Doing Business 69.00
69 69 69 69 69
Corruption Index 40.00
Points
38 39 40 40 35
Corruption Rank 81.00
81 81 81 81 81
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 87.30
Index Points
85.88 85.47 85.86 85.49 85.79
Consumer Spending 582809.00
MAD Million
591551 594757 626725 606704 684337
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 31.00
percent
31 31 31 31 31
Personal Income Tax Rate 38.00
percent
38 38 38 38 38
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate For Companies 18.50
percent
18.5 18.5 18.5 18.5 18.5
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 2.47
mm
21.75 7.2 39.06 40.94 27.84
Temperature 12.55
celsius
19.55 25.23 14.15 11.74 18.06