Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 11441.98 11506 11427 11349 11273 11120
Currency 9.69 9.7 9.73 9.76 9.8 9.86
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.80 3 2.8 3.1 3.4 3.5
Unemployment Rate (%) 8.50 9.4 9.5 9.7 8.1 9.2
Inflation Rate (%) 0.30 0.3 0.8 0.6 0.6 1
Interest Rate (%) 2.25 2.25 2.25 2 2 2
Balance of Trade (MAD Million) -20166.00 -16010 -15986 -15986 -17250 -15977
Current Account to GDP (%) -5.50 -4.5 -4.5 -3.1 -3.1 -3.1
Government Debt to GDP (%) 65.20 65.4 65.4 66 66 66
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.5 -3.5 -3.5
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.80 3 2.8 3.1 3.4 3.5
GDP (USD Billion) 118.50 120 120 125 125 125
GDP Constant Prices (MAD Million) 239551.00 252906 259088 246977 247696 268156
Gross Fixed Capital Formation (MAD Million) 314963.00 311293 323782 324727 325672 335114
GDP per capita (USD) 3357.40 3400 3400 3430 3430 3430
GDP per capita PPP (USD) 7508.80 7471 7533 7533 7603 7603
GDP From Agriculture (MAD Million) 30747.00 32465 31607 31700 31792 32714
GDP From Construction (MAD Million) 11780.00 12295 12236 12145 12181 12664
GDP From Mining (MAD Million) 3847.00 3817 3940 3966 3978 4078
GDP From Public Administration (MAD Million) 19659.00 20769 20976 20268 20327 21710
GDP From Services (MAD Million) 28903.00 30006 30270 29799 29886 31330
GDP From Transport (MAD Million) 8828.00 9495 9538 9102 9128 9872
GDP From Utilities (MAD Million) 5025.00 5540 5823 5181 5196 6027
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 8.50 9.4 9.5 9.7 8.1 9.2
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.30 0.3 0.8 0.6 0.6 1
Consumer Price Index CPI (Index Points) 120.60 120 121 120 122 122
Producer Prices (Index Points) 111.30 107 107 107 107 107
Food Inflation (%) -1.20 -0.8 1.2 1.4 1.6 1.6
CPI Transportation (Index Points) 113.10 113 111 112 114 112
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.25 2.25 2.25 2 2 2
Money Supply M2 (MAD Million) 1030860.00 1024999 1037567 1050152 1060000 1100089
Deposit Interest Rate (%) 3.10 3.1 3.1 2.85 2.85 2.85
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (MAD Million) -20166.00 -16010 -15986 -15986 -17250 -15977
Current Account to GDP (%) -5.50 -4.5 -4.5 -3.1 -3.1 -3.1
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 65.20 65.4 65.4 66 66 66
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.5 -3.5 -3.5
Government Spending (MAD Million) 210014.00 207234 215894 216524 217154 223451
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 31.00 31 31 31 31 31
Personal Income Tax Rate (%) 38.00 38 38 38 38 38
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 18.50 18.5 18.5 18.5 18.5 18.5
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) 2.00 2.8 3.4 3.2 2.7 3.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (MAD Million) 636065.00 629014 653875 655783 657691 676760


This page has economic forecasts for Morocco including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Morocco economy.