The Gross Domestic Product (GDP) in Morocco expanded 1.10 percent in the third quarter of 2019 over the previous quarter. source: Haut Commissariat au Plan

GDP Growth Rate in Morocco averaged 1.77 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 -3.80 percent in the first quarter of 2016. This page provides the latest reported value for - Morocco GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco GDP Growth Rate - values, historical data and charts - was last updated on October of 2022.

GDP Growth Rate in Morocco is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Morocco to stand at -2.10 in 12 months time. In the long-term, the Morocco GDP Growth Rate is projected to trend around 3.00 percent in 2021 and 3.10 percent in 2022, according to our econometric models.

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Morocco GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 1.10 0.90 percent Sep 2019
GDP Annual Growth Rate 2.00 0.30 percent Jun 2022
GDP Constant Prices 292064.90 299455.50 MAD Million Mar 2022
Gross Fixed Capital Formation 346877.00 288162.00 MAD Million Dec 2021
GDP from Utilities 8824.40 8992.90 MAD Million Mar 2022
GDP from Transport 7869.00 8139.30 MAD Million Mar 2022
GDP from Services 13548.80 14357.00 MAD Million Mar 2022
GDP from Public Administration 31644.10 31003.40 MAD Million Mar 2022
GDP from Mining 6392.20 6685.00 MAD Million Mar 2022
GDP from Manufacturing 41356.30 43998.00 MAD Million Mar 2022
GDP from Construction 17024.70 17485.40 MAD Million Mar 2022
GDP from Agriculture 26350.60 29296.40 MAD Million Mar 2022

Morocco GDP 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 9.30 -3.80 1999 - 2019 percent Quarterly