The gross domestic product of Morocco advanced by 2.1% from a year earlier in the fourth quarter of 2019, the same pace as in the prior period which was the slowest since the last quarter of 2016, as drought continued to hit agricultural activity (-5.2 percent vs -5.3 percent in Q3). Meanwhile, the non-agricultural sector expanded (3 percent, the same pace as in the prior period), driven by manufacturing (2.7 percent vs 1.9 percent); utilities (5 percent vs 11.3 percent); internal trade (2.8 percent vs 2.9 percent); construction (1.8 percent vs 1.3 percent); mining (3.1 percent vs 2.2 percent); hotels & restaurants (3.7 percent vs 4.7 percent); finance & insurance (2.7 percent vs 1.2 percent); business services (3.6 percent vs 3.8 percent); transportation (2.7 percent vs 3.2 percent) and public administration (4.8 percent vs 4.4 percent).
GDP Annual Growth Rate in Morocco averaged 4.02 percent from 1999 until 2019, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Haut Commissariat au Plan
GDP Annual Growth Rate in Morocco is expected to be -1.80 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 1.70 in 12 months time. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 5.00 percent in 2021 and 4.60 percent in 2022, according to our econometric models.