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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 2.90 2.3 2.4 2.9 3.5 3.2 percent
Unemployment Rate 9.10 10.4 9.9 10.5 9.3 9 percent
Inflation Rate 2.10 2.1 2.4 2.2 2.2 2 percent
Interest Rate 2.25 2.25 2.25 2 2 1.75 percent
Balance of Trade -18044.00 -18151 -17550 -17521 -17668 -17627 MAD Million
Government Debt to GDP 63.00 67 67 69 69 70 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 9.39
9.45 9.48 9.52 9.55 9.69
Stock Market 11146.18
points
11612 11531 11452 11373 11063
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 2.90
percent
2.3 2.4 2.9 3.5 3.2
GDP Annual Growth Rate 2.90
percent
3.3 3.6 3.4 3.3 5.5
GDP 109.14
USD Billion
110 110 112 112 114
GDP Constant Prices 238482.00
MAD Million
243225 252812 246590 243674 274985
Gross Fixed Capital Formation 302226.00
MAD Million
311974 313106 312502 317038 340567
GDP per capita 3292.40
USD
3300 3300 3344 3344 3361
GDP per capita PPP 7485.01
USD
7474 7477 7471 7471 7549
Gdp From Agriculture 31342.00
MAD Million
31024 30951 32408 32567 33666
Gdp From Construction 11654.00
MAD Million
12156 12220 12050 11968 13292
Gdp From Mining 3822.00
MAD Million
3707 3896 3952 4066 4238
Gdp From Public Administration 19947.00
MAD Million
19401 20034 20625 19917 21791
Gdp From Services 28639.00
MAD Million
28996 29761 29613 28986 32371
Gdp From Transport 8786.00
MAD Million
9360 9696 9085 8972 10547
Gdp From Utilities 5076.00
MAD Million
5060 5472 5249 5056 5952
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 9.10
percent
10.4 9.9 10.5 9.3 9
Employed Persons 11075.00
Thousand
10493 10710 10880 10834 10753
Unemployed Persons 1103.00
Thousand
1219 1122 1210 1174 1179
Population 34.90
Million
35.8 35.8 35.39 35.49 36.8
Employment Rate 42.80
percent
40.38 42.03 42.62 45.49 42.82
Youth Unemployment Rate 28.80
percent
29.08 27.98 27.73 28.07 31.51
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.10
percent
2.1 2.4 2.2 2.2 2
Consumer Price Index CPI 119.80
Index Points
121 123 122 124 127
Producer Prices 110.40
Index Points
107 107 107 107 107
Food Inflation 1.80
percent
2.68 2.98 2.5 2.6 3
Inflation Rate Mom -0.90
percent
0.44 -0.02 0.2 0.06 0.11
Cpi Housing Utilities 116.30
Index Points
116 116 116 116 116
CPI Transportation 112.70
Index Points
113 114 113 115 118
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent
2.25 2.25 2 2 1.75
Money Supply M1 825440.00
MAD Million
834350 845063 856538 868065 980547
Money Supply M2 982352.00
MAD Million
992898 1005530 1018997 1032537 1165380
Money Supply M3 1278546.00
MAD Million
1287042 1300302 1313432 1326443 1450600
Foreign Exchange Reserves 230113.00
MAD Million
229501 229293 229319 229300 229305
Banks Balance Sheet 1336429.00
MAD Million
1341994 1357651 1372246 1386721 1523526
Deposit Interest Rate 3.10
percent
3.1 3.1 2.85 2.85 2.6
Central Bank Balance Sheet 306931.00
MAD Million
306654 306395 306395 306389 306387
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -18044.00
MAD Million
-18151 -17550 -17521 -17668 -17627
Exports 19230.00
MAD Million
20204 21294 21394 21313 21312
Imports 37274.00
MAD Million
38355 38761 38915 38980 38939
Current Account -7159.00
MAD Million
2749 -6905 -5439 -14248 -7727
Current Account to GDP -4.00
percent
-3.2 -3.2 -2.8 -2.8 -2.5
Capital Flows -20786.40
MAD Million
-13357 -17654 -14291 -17443 -16245
Tourist Arrivals 11349347.00
11256975 11509900 11461200 11412500 12031700
Gold Reserves 22.00
Tonnes
21.98 21.97 21.96 21.96 21.91
Terrorism Index 0.08
1.75 1.69 1.86 2.03 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
6216 6565 6503 6446 6487
External Debt 489155.33
MAD Million
497339 501916 507530 510168 524419
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 63.00
percent
67 67 69 69 70
Government Budget -3.60
percent of GDP
-3.2 -3.2 -3.65 -3.72 -3.3
Government Spending 201198.00
MAD Million
198825 208441 208039 202053 226722
Military Expenditure 3420.00
USD Million
3506 3506 3504 3502 3534
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 3.00
percent
2.66 1.41 2.39 2.45 1.87
Changes in Inventories 44284.00
MAD Million
40625 44506 43801 43097 35365
Internet Speed 5168.47
KBps
6141 6280 6348 6439 6980
IP Addresses 3732705.00
IP
3515296 3367319 3463663 3463663 3126307
Steel Production 45.00
Thousand Tonnes
40.63 40.62 40.62 40.62 40.62
Competitiveness Index 4.24
Points
4.19 4.19 4.21 4.22 4.22
Competitiveness Rank 71.00
71 71 71 71 71
Ease of Doing Business 69.00
62 62 60 58 53
Corruption Index 40.00
Points
40 41 41 42 39
Corruption Rank 81.00
83 83 83 84 83
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 87.30
Index Points
86.33 85.42 84.64 83.92 81.18
Consumer Spending 610693.00
MAD Million
592425 632678 631457 602042 688167
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 2.47
mm
7.2 39.06 40.94 25.35 27.84
Temperature 12.55
celsius
25.23 14.15 11.74 21.64 18.06