Current Account to GDP in Morocco decreased to -7 percent in 2020 from -4.60 percent in 2019. source: Bank Al-Maghrib

Current Account to GDP in Morocco averaged -3.87 percent from 1980 until 2020, reaching an all time high of 2 percent in 2001 and a record low of -9.30 percent in 2012. This page provides - Morocco Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Morocco is expected to reach -2.80 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco Current Account to GDP is projected to trend around -1.60 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Morocco Current Account to GDP

Morocco Last Unit Reference Previous Highest Lowest
Current Account to GDP -1.50 percent of GDP Dec/20 -3.70 2.00 -9.30
External Debt 577404.17 MAD Million Mar/21 584242.38 584242.38 151986.36

Morocco Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.