The Gross Domestic Product (GDP) in Morocco expanded 1.10 percent in the third quarter of 2019 over the previous quarter. source: Haut Commissariat au Plan

GDP Growth Rate in Morocco averaged 1.77 percent from 1999 until 2019, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of -3.80 percent in the first quarter of 2016. This page provides the latest reported value for - Morocco GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco GDP Growth Rate - values, historical data and charts - was last updated on December of 2021.

GDP Growth Rate in Morocco is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Morocco to stand at -2.10 in 12 months time. In the long-term, the Morocco GDP Growth Rate is projected to trend around 3.00 percent in 2021 and 3.10 percent in 2022, according to our econometric models.

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Morocco GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 1.10 0.90 percent Sep/19
GDP Annual Growth Rate 15.20 1.00 percent Jun/21
GDP Constant Prices 247495.00 251867.00 MAD Million Jun/21
Gross Fixed Capital Formation 288162.00 318567.00 MAD Million Dec/20
GDP From Utilities 6104.00 5998.00 MAD Million Jun/21
GDP From Transport 5457.00 7767.00 MAD Million Jun/21
GDP From Services 32838.00 32712.00 MAD Million Jun/21
GDP From Public Administration 22186.00 21916.00 MAD Million Jun/21
GDP From Mining 3823.00 4232.00 MAD Million Jun/21
Gdp From Manufacturing 33446.00 35497.00 MAD Million Jun/21
GDP From Construction 12844.00 12773.00 MAD Million Jun/21
GDP From Agriculture 32943.00 33160.00 MAD Million Jun/21
Morocco GDP Growth Rate
Morocco is the sixth largest economy in Africa. The Services sector is the most important and accounts for 54 percent to total GDP. The biggest segments within Services are: wholesale and retail trade (9 percent of total GDP); public administration (9 percent); transport (4 percent); and hotels and restaurants (2 percent). Industry accounts for 23 percent of the GDP and the largest segments within this sector are: manufacturing (15 percent of total GDP); construction (5 percent); electricity and water supply (2 percent); and mining (2 percent). The Agriculture sector accounts for 13 percent of GDP.