Morocco’s gross domestic product expanded by 15.2% year-on-year in the second quarter of 2021, after a 1% rise in the previous period. It was the strongest economic growth since available records began in 2001, helped by a low base year effect linked to the Covid-19 shock and associated restrictions and as the economy gradually recovers. The expansion was driven by strong performance in both agricultural (18.6% vs 20.5% in Q1) and non-agricultural activities (14.8% vs -1.4%), in particular hotels & restaurants (82.1% vs -50.3%) and transportation services (42.5% vs -10.9%). source: Haut Commissariat au Plan
GDP Annual Growth Rate in Morocco averaged 3.51 percent from 1999 until 2021, reaching an all time high of 15.20 percent in the second quarter of 2021 and a record low of -14.90 percent in the second quarter of 2020. This page provides the latest reported value for - Morocco GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
GDP Annual Growth Rate in Morocco is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 3.60 percent in 2023, according to our econometric models.