The economy of Morocco advanced 2.9% year-on-year in the fourth quarter of 2018, following a 3% expansion in the previous period. Softer gains were recorded in hotels & restaurants (5.9% vs 11.9% in Q3); business and personal services (3% vs 3.7%); transportation (1.7% vs 5.5%); mining (0.3% vs 19.9%); construction (0.4% vs 1.9%) and agriculture (3.5% vs 13.6%). In addition, output declined for fishing (-15.7% vs 6.8%). On the other hand, faster growth was seen in internal trade (4.5% vs 2.2%); finance & insurance (3.9% vs 2.1%); post and telecommunications (2.7% vs 0.5%); manufacturing (3.9% vs 3.2%) and utilities (7% vs 6.8%). On a quarterly basis, the GDP rose 2.6 percent after a 1.8 percent advance in the third quarter. GDP Annual Growth Rate in Morocco averaged 4.14 percent from 1999 until 2018, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of 0.50 percent in the fourth quarter of 1999.

GDP Annual Growth Rate in Morocco is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Morocco to stand at 3.10 in 12 months time. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Morocco GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-16 09:30 AM GDP Growth Rate YoY 2.9% 3.9% 3.5%
2018-10-01 12:40 PM GDP Growth Rate YoY 2.4% 3.2% 3%
2019-01-02 10:10 AM GDP Growth Rate YoY 3% 2.4% 3.2%
2019-04-02 11:05 AM GDP Growth Rate YoY 2.9% 3% 2.7%
2019-05-28 11:00 AM GDP Growth Rate YoY 2.9% 2.5%
2019-10-01 12:40 PM GDP Growth Rate YoY 2.4%
2019-11-29 03:15 PM GDP Growth Rate YoY 2.6%


Morocco GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.60 1.80 9.30 -3.80 percent [+]
GDP Annual Growth Rate 2.90 3.00 9.30 0.50 percent [+]
GDP 109.14 103.61 109.88 2.03 USD Billion [+]
GDP Constant Prices 252030.90 245539.80 252030.90 158924.80 MAD Million [+]
Gross Fixed Capital Formation 302226.00 306910.00 306910.00 690.00 MAD Million [+]
GDP per capita 3292.40 3204.90 3292.40 815.50 USD [+]
GDP per capita PPP 7485.01 7285.90 7485.01 3863.40 USD [+]
GDP From Agriculture 30746.50 31519.70 32315.30 15878.60 MAD Million [+]
GDP From Construction 11902.30 11936.50 11936.50 5702.00 MAD Million [+]
Gdp From Manufacturing 35117.70 33785.70 35117.70 24997.80 MAD Million [+]
GDP From Mining 3833.10 3706.20 3833.10 1633.10 MAD Million [+]
GDP From Public Administration 20404.60 20163.70 20404.60 9822.00 MAD Million [+]
GDP From Services 29446.00 29131.60 29446.00 14080.00 MAD Million [+]
GDP From Transport 9278.00 9218.80 9278.00 6177.00 MAD Million [+]
GDP From Utilities 5664.60 5378.20 5664.60 3135.30 MAD Million [+]


Morocco GDP Annual Growth Rate

Morocco is the sixth largest economy in Africa. The Services sector is the most important and accounts for 54 percent to total GDP. The biggest segments within Services are: wholesale and retail trade (9 percent of total GDP); public administration (9 percent); transport (4 percent); and hotels and restaurants (2 percent). Industry accounts for 23 percent of the GDP and the largest segments within this sector are: manufacturing (15 percent of total GDP); construction (5 percent); electricity and water supply (2 percent); and mining (2 percent). The Agriculture sector accounts for 13 percent of GDP. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 9.30 0.50 1999 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Euro Area 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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