The gross domestic product of Morocco advanced by 6.6% year-on-year in the fourth quarter of 2021, following a 7.8% rise in the previous three-month period. It marks the fourth consecutive quarter of economic expansion, after a pandemic-induced recession, driven by an 18.9% surge in agricultural activity amid better weather conditions. At the same time, the non-agricultural sector grew 5.6%, mainly boosted by hotels & restaurants (44%), internal trade (11.8%), utilities (6.9%), construction (6.4%) and transportation (5.5%). source: Haut Commissariat au Plan
GDP Annual Growth Rate in Morocco averaged 3.63 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 -14.20 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 June of 2022.
GDP Annual Growth Rate in Morocco is expected to be 1.30 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 4.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.