Morocco’s gross domestic product rebounded to 1% year-on-year in the first quarter of 2021, after a 6.0% contraction in the previous period, as a sharp increase in agricultural activities (20.5% vs -7.3% in Q4) supported the economy's exit from the Covid-19 induced recession. At the same time, the non-agricultural sector shrank at a softer pace (-1.4% vs -5.5%), in particular hotels & restaurants (-50.3% vs -57.1%) and transportation services (-10.9% vs -18.6%). source: Haut Commissariat au Plan
GDP Annual Growth Rate in Morocco averaged 3.33 percent from 1999 until 2021, reaching an all time high of 9.30 percent in the second quarter of 2006 and a record low of -14.90 percent in the second quarter of 2020. 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 July of 2021.
GDP Annual Growth Rate in Morocco is expected to be 4.50 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 3.00 in 12 months time. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 3.40 percent in 2022 and 3.60 percent in 2023, according to our econometric models.