Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 11482.12 11206 11126 11046 10965 10809
Currency 9.59 9.61 9.64 9.67 9.7 9.76
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.80 3 2.8 3.1 2.8 3.2
Unemployment Rate (%) 10.00 9.4 9.7 9.9 9.6 9.5
Inflation Rate (%) 0.30 0.6 0.6 0.9 1 1.2
Interest Rate (%) 2.25 2.25 2 2 2 2
Balance of Trade (MAD Million) -18708.00 -16010 -15986 -15986 -17250 -15977
Current Account to GDP (%) -5.50 -4.5 -4.5 -3.1 -3.1 -3.1
Government Debt to GDP (%) 65.20 65.4 65.4 66 66 66
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.5 -3.5 -3.5
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.80 3 2.8 3.1 2.8 3.2
GDP (USD Billion) 118.50 120 120 125 125 125
GDP Constant Prices (MAD Million) 239551.00 252906 259088 259844 259088 267379
Gross Fixed Capital Formation (MAD Million) 314963.00 311293 310688 311595 310688 320630
GDP per capita (USD) 3357.40 3400 3400 3430 3430 3430
GDP per capita PPP (USD) 7508.80 7471 7533 7533 7603 7603
GDP From Agriculture (MAD Million) 30747.00 32465 31607 31700 31607 32619
GDP From Construction (MAD Million) 11780.00 12295 12236 12271 12236 12627
GDP From Mining (MAD Million) 3847.00 3817 3940 3952 3940 4067
GDP From Public Administration (MAD Million) 19659.00 20769 20976 21037 20976 21647
GDP From Services (MAD Million) 28903.00 30006 30270 30359 30270 31239
GDP From Transport (MAD Million) 8828.00 9495 9538 9566 9538 9843
GDP From Utilities (MAD Million) 5025.00 5540 5823 5840 5823 6010
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 10.00 9.4 9.7 9.9 9.6 9.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.30 0.6 0.6 0.9 1 1.2
Consumer Price Index CPI (Index Points) 121.00 121 121 121 121 122
Producer Prices (Index Points) 111.00 107 107 107 107 107
Food Inflation (%) -0.70 2.56 2.5 2.5 2.5 3
CPI Transportation (Index Points) 113.20 114 111 111 112 112
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.25 2.25 2 2 2 2
Money Supply M2 (MAD Million) 1013474.00 1024999 1037567 1050152 1060000 1100089
Deposit Interest Rate (%) 3.10 3.1 2.85 2.85 2.85 2.85
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (MAD Million) -18708.00 -16010 -15986 -15986 -17250 -15977
Current Account to GDP (%) -5.50 -4.5 -4.5 -3.1 -3.1 -3.1
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 65.20 65.4 65.4 66 66 66
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.5 -3.5 -3.5
Government Spending (MAD Million) 210014.00 207234 206832 207435 206832 213450
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 18.50 18.5 18.5 18.5 18.5 18.5
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) 2.70 2.8 3.4 3.2 2.7 3.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (MAD Million) 636065.00 629014 627792 629624 627792 647882


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.