Morocco Current Account to GDP

Morocco recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Morocco averaged -2.95 Percent from 1980 until 2013, reaching an all time high of 4.30 Percent in 2001 and a record low of -10 Percent in 2012. Current Account to GDP in Morocco is reported by the Bank al- Maghrib.

   
 
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Morocco Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -10.00 4.30 -10.00 1980 - 2013 Percent Yearly
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. This page provides - Morocco Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade -14797.00 -17466.00 -1254.60 -22921.00 MAD Million [+]
Exports 17215.00 18227.00 18600.80 69.00 MAD Million [+]
Imports 32012.00 35693.00 38459.00 6424.40 MAD Million [+]
Current Account -19666.40 -10082.40 11697.00 -28726.70 MAD Million [+]
Current Account to GDP -7.20 -10.00 4.30 -10.00 Percent [+]
Tourist Arrivals 10046264.00 9375156.00 10046264.00 4379990.00 [+]
Gold Reserves 22.05 22.05 22.05 21.94 Tonnes [+]





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