Morocco recorded a Current Account deficit of 5.20 percent of the country's Gross Domestic Product in 2018. source: Bank Al-Maghrib

Current Account to GDP in Morocco averaged -3.76 percent from 1980 until 2018, reaching an all time high of 2 percent in 2001 and a record low of -9.30 percent in 2012. This page provides - Morocco Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Morocco is expected to reach -7.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco Current Account to GDP is projected to trend around -4.20 percent in 2021 and -3.80 percent in 2022, according to our econometric models.

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Morocco Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -5.50 2.00 -9.30 1980 - 2019 percent Yearly

Morocco Trade Last Previous Highest Lowest Unit
Balance of Trade -8570.00 -12193.00 -1254.60 -23012.00 MAD Million [+]
Current Account -8978.40 -9838.00 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -4.60 -5.50 2.00 -9.30 percent [+]
Imports 34139.00 32879.00 45130.00 6424.40 MAD Million [+]
Exports 25569.00 20686.00 27273.00 4878.90 MAD Million [+]
Capital Flows -5731.80 -3108.30 26593.10 -22708.70 MAD Million [+]
Tourist Arrivals 13000000.00 12280000.00 13000000.00 4379990.00 [+]
Gold Reserves 22.12 22.10 22.12 21.94 Tonnes [+]
Foreign Direct Investment 4816.00 288.00 14339.00 -11002.20 MAD Million [+]
External Debt 524035.09 511720.67 524035.09 151986.36 MAD Million [+]
Crude Oil Production 0.16 0.16 0.40 0.08 BBL/D/1K [+]
Terrorism Index 1.22 0.04 4.50 0.00 [+]


Morocco Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.