Morocco | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 4.50 3.41 3.53 3.7 3.87 3.43 percent [+]
Unemployment Rate 9.60 10.1 9.2 9.7 9.18 9 percent [+]
Inflation Rate 1.80 1.5 1.4 1.3 1.5 2.8 percent [+]
Interest Rate 2.25 2.25 2.25 2.25 2.25 1.75 percent [+]
Balance of Trade -13866.00 -14606 -14621 -14620 -14619 -14619 MAD Million [+]
Government Debt to GDP 63.89 66.4 66.48 66.55 66.63 75.05 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 9.99 10.38 10.49 10.59 10.69 12.22 [+]
Stock Market 12500.05 11400 11300 11100 11000 9290 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 4.50 3.41 3.53 3.7 3.87 3.43 percent [+]
GDP Annual Growth Rate 1.20 3 3.4 3.1 3.2 3.9 percent [+]
GDP 100.59 108 106 103 101 100 USD Billion [+]
GDP Constant Prices 254016.60 268775 272895 277080 281329 337721 MAD Million [+]
Gross Fixed Capital Formation 281492.00 284986 287110 289234 291358 330520 MAD Million [+]
GDP per capita 3239.55 3246 3260 3274 3287 3550 USD [+]
GDP per capita PPP 7364.77 7370 7407 7445 7482 8130 USD [+]
Gdp From Agriculture 27465.00 28927 29310 29407 29212 28873 MAD Million [+]
Gdp From Construction 11800.00 11425 11631 11568 11503 11543 MAD Million [+]
Gdp From Mining 2978.00 3028 3060 3082 3091 3078 MAD Million [+]
Gdp From Public Administration 19052.00 18757 19076 18905 18733 18856 MAD Million [+]
Gdp From Services 26677.00 26292 26381 26483 26424 26424 MAD Million [+]
Gdp From Transport 8658.00 8334 8304 8463 8472 8316 MAD Million [+]
Gdp From Utilities 4782.00 4633 4527 4620 4674 4476 MAD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.60 10.1 9.2 9.7 9.18 9 percent [+]
Employed Persons 10713.00 10568 10851 10732 10672 10697 Thousand [+]
Unemployed Persons 1234.00 1158 1113 1169 1171 1156 Thousand [+]
Population 33.60 33.71 33.77 33.84 33.9 34.99 Million [+]
Youth Unemployment Rate 21.80 21.65 22.82 22.11 22.26 23.04 percent [+]
Employment Rate 42.20 41.46 42.54 42.02 41.77 41.73 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.80 1.5 1.4 1.3 1.5 2.8 percent [+]
Consumer Price Index CPI 117.50 118 118 118 118 118 Index Points [+]
Producer Prices 101.50 101 101 101 101 101 Index Points [+]
Food Inflation 2.50 2.81 3.01 2.81 2.88 2.86 percent [+]
Inflation Rate Mom -0.10 0.42 0.19 0.28 0.22 0.25 percent [+]
Cpi Transportation 109.90 110 110 110 110 110 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 2.25 2.25 2.25 2.25 2.25 1.75 percent [+]
Money Supply M1 730192.00 743476 752351 761151 769899 871556 MAD Million [+]
Money Supply M2 875870.00 892300 903437 914501 925512 1054357 MAD Million [+]
Money Supply M3 1180666.00 1201050 1215071 1228916 1242645 1398570 MAD Million [+]
Foreign Exchange Reserves 256089.00 264976 269604 273930 277837 304260 MAD Million [+]
Banks Balance Sheet 1198300.00 1230625 1247893 1264684 1281106 1471491 MAD Million [+]
Deposit Interest Rate 3.80 3.88 3.85 3.82 3.79 3.75 percent [+]
Central Bank Balance Sheet 257166.00 266393 265160 265380 265478 265484 MAD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -13866.00 -14606 -14621 -14620 -14619 -14619 MAD Million [+]
Exports 20082.00 18446 18358 18350 18351 18351 MAD Million [+]
Imports 33948.00 32893 33171 33105 33084 33065 MAD Million [+]
Current Account -5591.50 -9127 -8852 -9990 -9986 -11405 MAD Million [+]
Current Account to GDP -6.10 -6.92 -7.06 -7.2 -7.34 -6.71 percent [+]
Capital Flows -7053.30 -7570 -10482 -5530 -8826 -8324 MAD Million [+]
Tourist Arrivals 10282944.00 10013909 10015382 10016855 10018328 9172819 [+]
Gold Reserves 22.05 22.05 22.05 22.05 22.05 22.05 Tonnes [+]
Terrorism Index 0.89 2.26 2.23 2.21 2.18 2.47 [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Foreign Direct Investment 2450.00 6842 7075 7006 6958 6999 MAD Million [+]
External Debt 469469.53 479188 487907 494958 501099 572486 MAD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 63.89 66.4 66.48 66.55 66.63 75.05 percent [+]
Government Budget -5.00 -3.48 -3.47 -3.45 -3.44 -3.92 percent of GDP [+]
Government Spending 188720.00 194066 196978 199891 202803 245547 MAD Million [+]
Military Expenditure 3740.20 4021 3990 3959 4016 4329 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 0.20 1.8 1.8 1.06 1.17 1.87 percent [+]
Changes in Inventories 15559.00 23618 22354 21090 19827 19460 MAD Million [+]
Steel Production 50.00 40.5 39.47 39.23 39.17 39.15 Thousand Tonnes [+]
Competitiveness Index 4.20 4.16 4.16 4.16 4.16 4.18 Points [+]
Competitiveness Rank 70.00 70.68 70.68 70.68 70.68 71.3 [+]
Ease of Doing Business 68.00 71.1 71.1 71.1 71.1 76.54 [+]
Corruption Index 36.00 37.55 37.81 38.08 38.35 38.55 Points [+]
Corruption Rank 88.00 82.71 86.85 90.99 95.13 91.03 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 73.80 73.67 73.94 74.14 74.27 74.32 [+]
Consumer Spending 567535.00 567357 567297 556254 545211 -645532 MAD Million [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 31.00 31 31 31 31 31 percent [+]
Personal Income Tax Rate 38.00 38 38 38 38 38 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate For Companies 18.50 18.5 18.5 18.5 18.5 18.5 percent [+]





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. 1/24/2017