Morocco - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Morocco including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Morocco economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 2.90 2.3 2.4 2.9 3.5 3.2 percent
Unemployment Rate 10.50 10.4 9.9 10.5 9.3 9 percent
Inflation Rate 2.50 2.5 2.4 2.5 2.2 2 percent
Interest Rate 2.25 2.25 2.25 2 2.25 1.75 percent
Balance of Trade -18124.00 -17758 -18160 -18162 -18164 -18141 MAD Million
Government Debt to GDP 63.00 67 67 69 69 70 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 9.44
 9.6 9.71 9.83 9.94 10.42
Stock Market 11427.98
points		 11438 11201 10970 10742 9879
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 2.90
percent		 2.3 2.4 2.9 3.5 3.2
GDP Annual Growth Rate 2.90
percent		 3.3 3.6 3.4 3.3 5.5
GDP 109.14
USD Billion		 110 110 112 112 114
GDP Constant Prices 238482.00
MAD Million		 243225 252812 246590 243674 274985
Gross Fixed Capital Formation 306910.00
MAD Million		 311974 317959 317345 317038 345845
GDP per capita 3292.40
USD		 3300 3300 3344 3344 3361
GDP per capita PPP 7485.01
USD		 7474 7477 7471 7471 7549
Gdp From Agriculture 31342.00
MAD Million		 31024 30951 32408 32567 33666
Gdp From Construction 11654.00
MAD Million		 12156 12220 12050 11968 13292
Gdp From Mining 3822.00
MAD Million		 3707 3896 3952 4066 4238
Gdp From Public Administration 19947.00
MAD Million		 19401 20034 20625 19917 21791
Gdp From Services 28639.00
MAD Million		 28996 29761 29613 28986 32371
Gdp From Transport 8786.00
MAD Million		 9360 9696 9085 8972 10547
Gdp From Utilities 5076.00
MAD Million		 5060 5472 5249 5056 5952
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 10.50
percent		 10.4 9.9 10.5 9.3 9
Employed Persons 10882.00
Thousand 		10493 10710 10880 10834 10753
Unemployed Persons 1272.00
Thousand 		1219 1122 1210 1174 1179
Population 34.90
Million		 35.8 35.8 35.39 35.49 36.8
Employment Rate 42.20
percent		 40.38 42.03 42.62 45.49 42.82
Youth Unemployment Rate 25.70
percent		 29.08 27.98 27.73 28.07 31.51
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.50
percent		 2.5 2.4 2.5 2.2 2
Consumer Price Index CPI 120.90
Index Points		 122 123 123 124 127
Producer Prices 108.70
Index Points		 107 107 107 107 107
Food Inflation 2.60
percent		 2.68 2.98 2.5 2.6 3
Inflation Rate Mom 0.20
percent		 0.08 0.14 0.11 0.12 0.12
Cpi Housing Utilities 116.10
Index Points		 116 116 116 116 116
CPI Transportation 112.70
Index Points		 113 114 114 115 118
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent		 2.25 2.25 2 2.25 1.75
Money Supply M1 809429.00
MAD Million		 825562 836124 846736 857304 960246
Money Supply M2 965463.00
MAD Million		 984563 997159 1009818 1022437 1146028
Money Supply M3 1266699.00
MAD Million		 1282397 1294807 1307137 1319353 1435562
Foreign Exchange Reserves 232043.00
MAD Million		 231759 231451 231727 231482 231562
Banks Balance Sheet 1306624.00
MAD Million		 1330165 1343386 1356327 1369124 1489434
Deposit Interest Rate 3.10
percent		 3.1 3.1 2.85 3.1 2.6
Central Bank Balance Sheet 300441.00
MAD Million		 300479 300468 300468 300470 300470
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -18124.00
MAD Million		 -17758 -18160 -18162 -18164 -18141
Exports 23809.00
MAD Million		 22218 22153 22186 22192 22191
Imports 41933.00
MAD Million		 39976 40332 40348 40356 40332
Current Account -7159.00
MAD Million		 2749 -6905 -5439 -14248 -7727
Current Account to GDP -4.00
percent		 -3.2 -3.2 -2.8 -2.8 -2.5
Capital Flows -20786.40
MAD Million		 -13357 -17654 -14291 -17443 -16245
Tourist Arrivals 11349347.00
 11256975 11509900 11461200 11412500 12031700
Gold Reserves 22.00
Tonnes		 21.98 21.97 21.96 21.96 21.91
Terrorism Index 0.08
 1.75 1.69 1.86 2.03 1.92
Crude Oil Production 0.16
BBL/D/1K		 0.16 0.16 0.16 0.16 0.16
Foreign Direct Investment 6425.00
MAD Million		 6216 6565 6503 6446 6487
External Debt 489155.33
MAD Million		 497339 501916 507530 510168 524419
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 63.00
percent		 67 67 69 69 70
Government Budget -3.60
percent of GDP		 -3.2 -3.2 -3.65 -3.72 -3.3
Government Spending 195598.00
MAD Million		 198825 202640 202248 202053 220412
Military Expenditure 3420.00
USD Million		 3506 3506 3504 3502 3534
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 3.00
percent		 2.66 1.41 2.39 2.45 1.87
Changes in Inventories 29014.00
MAD Million		 24482 25494 26099 26704 28188
Internet Speed 5168.47
KBps		 6141 6280 6348 6439 6980
IP Addresses 3732705.00
IP		 3515296 3367319 3463663 3463663 3126307
Steel Production 45.00
Thousand Tonnes		 40.63 40.62 40.62 40.62 40.62
Competitiveness Index 4.24
Points		 4.19 4.19 4.21 4.22 4.22
Competitiveness Rank 71.00
 71 71 71 71 71
Ease of Doing Business 69.00
 62 62 60 58 53
Corruption Index 40.00
Points		 40 41 41 42 39
Corruption Rank 81.00
 83 83 83 84 83
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 87.30
Index Points		 85.47 84.59 83.79 83.07 80.69
Consumer Spending 582809.00
MAD Million		 592425 603790 602625 602042 656746
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 31.00
percent		 31 31 31 31 31
Personal Income Tax Rate 38.00
percent		 38 38 38 38 38
Sales Tax Rate 20.00
percent		 20 20 20 20 20
Social Security Rate For Companies 18.50
percent		 18.5 18.5 18.5 18.5 18.5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 2.47
mm		 7.2 39.06 40.94 25.35 27.84
Temperature 12.55
celsius		 25.23 14.15 11.74 21.64 18.06