Markets Actual Q2 Q3 Q4 Q1 2020
Stock Market (points) 11113.87 10838 10764 10691 10619 10474
Currency 9.62 9.7 9.73 9.77 9.8 9.87
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.90 2.4 2.6 2.9 3.1 3.3
Unemployment Rate (%) 9.80 9.4 10.1 9.6 9.6 9
Inflation Rate (%) 0.00 0.6 0.9 1.2 0.9 1.3
Interest Rate (%) 2.25 2 2 2 2 1.75
Balance of Trade (MAD Million) -13423.00 -16083 -16010 -15986 -15986 -15977
Current Account to GDP (%) -5.20 -4.1 -4.1 -4.1 -3.4 -3.4
Government Debt to GDP (%) 63.00 65 65 65 67 67
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.6 -3.5 -3.5
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.90 2.4 2.6 2.9 3.1 3.3
GDP (USD Billion) 109.14 112 112 112 114 114
GDP Constant Prices (MAD Million) 252030.90 244067 248732 258836 259844 268930
Gross Fixed Capital Formation (MAD Million) 302226.00 305702 306155 310386 311595 322491
GDP per capita (USD) 3292.40 3344 3344 3344 3361 3361
GDP per capita PPP (USD) 7485.01 7471 7533 7533 7603 7603
GDP From Agriculture (MAD Million) 30746.50 32687 31929 32371 32497 33633
GDP From Construction (MAD Million) 11902.30 11824 12092 12259 12307 12737
GDP From Mining (MAD Million) 3833.10 3653 3754 3806 3821 3955
GDP From Public Administration (MAD Million) 20404.60 20579 20426 20708 20789 21516
GDP From Services (MAD Million) 29446.00 29229 29510 29918 30035 31085
GDP From Transport (MAD Million) 9278.00 9032 9339 9468 9505 9837
GDP From Utilities (MAD Million) 5664.60 5117 5448 5523 5545 5739
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 9.80 9.4 10.1 9.6 9.6 9
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.00 0.6 0.9 1.2 0.9 1.3
Consumer Price Index CPI (Index Points) 119.50 122 121 121 121 122
Producer Prices (Index Points) 110.80 107 107 107 107 107
Food Inflation (%) -2.00 2.6 2.56 2.5 2.5 3
CPI Transportation (Index Points) 109.90 113 114 111 111 112
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.25 2 2 2 2 1.75
Money Supply M2 (MAD Million) 999715.00 1024999 1037567 1050152 1050152 1100089
Deposit Interest Rate (%) 3.10 3.1 3.1 3.1 3.1 3.1
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (MAD Million) -13423.00 -16083 -16010 -15986 -15986 -15977
Current Account to GDP (%) -5.20 -4.1 -4.1 -4.1 -3.4 -3.4
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 63.00 65 65 65 67 67
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.6 -3.5 -3.5
Government Spending (MAD Million) 201198.00 203512 203814 206630 207435 214689
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 18.50 18.5 18.5 18.5 18.5 18.5
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 3.60 2.3 2.6 3 3.2 3.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (MAD Million) 610693.00 617716 618632 627182 629624 651642


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.