Markets Actual Q1 Q2 Q3 Q4 2020
Currency 9.54 9.62 9.65 9.69 9.73 9.8
Stock Market (points) 11194.65 11290 11217 11144 11072 10928
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.00 2.5 3.3 3.2 2.9 5.5
Unemployment Rate (%) 10.00 10.4 9.4 10.1 9.6 9
Inflation Rate (%) 1.30 0.7 0.6 0.9 1 1.6
Interest Rate (%) 2.25 2.25 2 2 2 1.75
Balance of Trade (MAD Million) -18093.00 -15857 -16083 -16010 -15986 -15977
Current Account to GDP (%) -4.00 -4.6 -4.6 -4.6 -4.6 -4.2
Government Debt to GDP (%) 63.00 69 69 69 69 70
Government Budget (% of GDP) -3.60 -3.2 -3.2 -3.2 -3.2 -3.3
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.00 2.5 3.3 3.2 2.9 5.5
GDP (USD Billion) 109.14 112 112 112 112 114
GDP Constant Prices (MAD Million) 245539.80 241463 245274 249468 253152 267075
Gross Fixed Capital Formation (MAD Million) 302226.00 306004 307213 307062 311595 328733
GDP per capita (USD) 3292.40 3344 3344 3344 3344 3361
GDP per capita PPP (USD) 7485.01 7471 7471 7533 7533 7603
GDP From Agriculture (MAD Million) 31519.70 31734 32849 32024 32497 34284
GDP From Construction (MAD Million) 11936.50 11945 12075 12318 12307 12983
GDP From Mining (MAD Million) 3706.20 3918 3731 3825 3821 4031
GDP From Public Administration (MAD Million) 20163.70 20446 21017 20809 20789 21932
GDP From Services (MAD Million) 29131.60 28997 29373 29598 30035 31687
GDP From Transport (MAD Million) 9218.80 8896 9076 9366 9505 10027
GDP From Utilities (MAD Million) 5378.20 5139 5143 5464 5545 5850
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 10.00 10.4 9.4 10.1 9.6 9
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.30 0.7 0.6 0.9 1 1.6
Consumer Price Index CPI (Index Points) 120.70 122 123 122 122 125
Producer Prices (Index Points) 110.90 107 107 107 107 107
Food Inflation (%) -0.50 2.5 2.6 2.56 2.5 3
CPI Transportation (Index Points) 113.10 113 115 115 114 117
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.25 2.25 2 2 2 1.75
Money Supply M2 (MAD Million) 992372.00 1012695 1024999 1037567 1050152 1100089
Deposit Interest Rate (%) 3.10 3.1 3.1 3.1 3.1 3.1
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (MAD Million) -18093.00 -15857 -16083 -16010 -15986 -15977
Current Account to GDP (%) -4.00 -4.6 -4.6 -4.6 -4.6 -4.2
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 63.00 69 69 69 69 70
Government Budget (% of GDP) -3.60 -3.2 -3.2 -3.2 -3.2 -3.3
Government Spending (MAD Million) 201198.00 206228 207838 207636 207435 218844
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 3.00 2.39 2.45 2.5 1.63 1.87
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (MAD Million) 610693.00 618327 620769 620464 629624 664254


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.