The economy of Morocco advanced 2.4 percent year-on-year in the second quarter of 2018, easing from a 3.2 percent expansion in the previous period. It was the weakest growth rate since the last quarter of 2016, as output growth slowed in the primary sector (1.7 percent from 2.7 percent in Q1), mostly due to fishing (-13.3 percent from 5.0 percent). In addition, the secondary sector grew at a softer pace (2.0 percent from 4.1 percent), namely mining (-1.1 percent from 16.6 percent), electricity and water (3.1 percent from 7.8 percent) and manufacturing (2.7 percent from 3.2 percent). Also, output growth slowed in the services sector (2.9 percent from 3 percent), mainly due to financial and insurance services (2.0 percent from 3.3 percent), internal trade (4.2 percent from 4.5 percent) and hotels and restaurants (6.1 percent from 6.7 percent). GDP Annual Growth Rate in Morocco averaged 4.08 percent from 1999 until 2018, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of 0.50 percent in the fourth quarter of 1999.

GDP Annual Growth Rate in Morocco is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Morocco to stand at 3.20 in 12 months time. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Morocco GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-01-02 05:15 PM GDP Growth Rate YoY 3.8% 4.8% 4.2%
2018-01-02 05:15 PM GDP Growth Rate YoY 3.9% 3.8% 5.80%
2018-04-16 09:30 AM GDP Growth Rate YoY 2.9% 3.9% 3.5%
2018-10-01 12:40 PM GDP Growth Rate YoY 2.4% 3.2% 3%
2018-12-17 03:15 PM GDP Growth Rate YoY 2.4% 3.3%
2019-01-02 05:15 PM GDP Growth Rate YoY 3.50%
2019-04-16 09:30 AM GDP Growth Rate YoY 3.40%


Morocco GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.40 3.20 9.30 0.50 percent [+]
GDP Annual Growth Rate 2.40 3.20 9.30 0.50 percent [+]
GDP 109.14 103.61 109.88 2.03 USD Billion [+]
GDP Constant Prices 241292.60 238482.00 244027.40 158924.80 MAD Million [+]
Gross Fixed Capital Formation 302226.00 306910.00 306910.00 690.00 MAD Million [+]
GDP per capita 3292.40 3204.90 3292.40 815.50 USD [+]
GDP per capita PPP 7485.01 7285.90 7485.01 3863.40 USD [+]
GDP From Agriculture 32315.30 31342.00 32315.30 16216.00 MAD Million [+]
GDP From Construction 11689.30 11654.00 11959.00 5702.00 MAD Million [+]
GDP From Mining 3611.90 3822.00 3935.80 1782.00 MAD Million [+]
GDP From Public Administration 20345.30 19947.00 20345.30 9822.00 MAD Million [+]
GDP From Services 28896.30 28639.00 28896.30 14080.00 MAD Million [+]
GDP From Transport 8929.00 8786.00 9359.20 6177.00 MAD Million [+]
GDP From Utilities 5059.30 5076.00 6018.00 3740.70 MAD Million [+]


Morocco GDP Annual 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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.20 9.30 0.50 1999 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


Related

Latest