Morocco recorded a Current Account deficit of 5.20 percent of the country's Gross Domestic Product in 2018. 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.

Current Account to GDP in Morocco is expected to be -3.70 percent by the end of this quarter, 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 -2.70 percent in 2020, according to our econometric models.


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Morocco Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -3.60 2.00 -9.30 1980 - 2018 percent Yearly


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.

Morocco Trade Last Previous Highest Lowest Unit
Balance of Trade -15904.00 -17826.00 -1254.60 -23012.00 MAD Million [+]
Current Account -6048.60 -21012.70 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -5.50 -3.60 2.00 -9.30 percent [+]
Imports 39084.00 42473.00 45130.00 6424.40 MAD Million [+]
Exports 23180.00 24647.00 27273.00 4878.90 MAD Million [+]
Capital Flows -684.60 -16046.30 26593.10 -22708.70 MAD Million [+]
Tourist Arrivals 12280000.00 11349347.00 12280000.00 4379990.00 [+]
Gold Reserves 22.12 22.12 22.12 21.94 Tonnes [+]
Terrorism Index 1.22 0.04 4.50 0.00 [+]
Foreign Direct Investment 4403.00 3581.00 14540.00 -11002.20 MAD Million [+]
External Debt 511720.67 512559.92 512559.92 151986.36 MAD Million [+]
Crude Oil Production 0.16 0.16 0.40 0.08 BBL/D/1K [+]