The economy of Morocco advanced 2.8% from a year earlier in the first quarter of 2019, following a 2.9% expansion in the previous period. Output rose at slower pace for wholesale & retail trade (3.8% vs 4.5% in Q4); finance & insurance (2.5% vs 3.9%); post and telecommunications (2.3% vs 2.7%) and manufacturing (2.5% vs 3.9%). In addition, agricultural activity declined (-3.2% vs 3.5%), mainly weighed down by drought conditions. In contrast, faster growth was seen for business and personal services (4.5% vs 3%); utilities (23.5% vs 7%); transport (2.9% vs 1.7%); mining (5.6% vs 0.3%) and construction (1.5% vs 0.4%). Also, output rebounded sharply for fishing (18.4% vs -13.5%). GDP Annual Growth Rate in Morocco averaged 4.12 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.

GDP Annual Growth Rate in Morocco is expected to be 3.00 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 2.80 in 12 months time. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

Morocco GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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%
2019-07-01 09:55 AM GDP Growth Rate YoY 2.8% 2.9% 2.5%
2019-10-01 12:40 PM GDP Growth Rate YoY 2.8% 2.6%
2019-11-29 03:15 PM GDP Growth Rate YoY 3.0%


Morocco GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.60 1.80 9.30 -3.80 percent [+]
GDP Annual Growth Rate 2.80 2.90 9.30 0.50 percent [+]
GDP 118.50 109.71 118.50 2.03 USD Billion [+]
GDP Constant Prices 239551.00 252030.90 252030.90 158924.80 MAD Million [+]
Gross Fixed Capital Formation 314963.00 302226.00 314963.00 690.00 MAD Million [+]
GDP per capita 3357.40 3302.90 3357.40 815.40 USD [+]
GDP per capita PPP 7508.80 7308.76 7508.80 3875.44 USD [+]
GDP From Agriculture 30747.00 30746.50 32315.30 15878.60 MAD Million [+]
GDP From Construction 11780.00 11902.30 11936.50 5702.00 MAD Million [+]
Gdp From Manufacturing 33452.00 35117.70 35117.70 24997.80 MAD Million [+]
GDP From Mining 3847.00 3833.10 3847.00 1633.10 MAD Million [+]
GDP From Public Administration 19659.00 20404.60 20404.60 9822.00 MAD Million [+]
GDP From Services 28903.00 29446.00 29446.00 14080.00 MAD Million [+]
GDP From Transport 8828.00 9278.00 9278.00 6177.00 MAD Million [+]
GDP From Utilities 5025.00 5664.60 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 9.30 0.50 1999 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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