Morocco | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 4.50 2.93 3.41 3.53 3.7 3.43 percent [+]
Unemployment Rate 9.60 9.7 10.1 9.2 9.7 9 percent [+]
Inflation Rate 1.60 1.6 1.5 1.4 1.3 2.8 percent [+]
Interest Rate 2.25 2.25 2.25 2.25 2.25 1.75 percent [+]
Balance of Trade -12712.00 -14445 -14762 -14776 -14775 -14774 MAD Million [+]
Government Debt to GDP 63.89 66.63 67.12 67.6 68.09 75.05 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 10.00 10.08 10.18 10.28 10.38 11.98 [+]
Stock Market 10621.99 10600 10500 10300 10200 8530 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 4.50 2.93 3.41 3.53 3.7 3.43 percent [+]
GDP Annual Growth Rate 1.00 0.7 3 3.4 3.1 3.9 percent [+]
GDP 100.36 101 101 102 102 100 USD Billion [+]
GDP Constant Prices 254016.60 264884 268902 272978 277113 336876 MAD Million [+]
Gross Fixed Capital Formation 281492.00 291358 293725 296093 298460 330520 MAD Million [+]
GDP per capita 3237.83 3287 3304 3321 3338 3550 USD [+]
GDP per capita PPP 7360.86 7482 7519 7556 7593 8130 USD [+]
Gdp From Agriculture 27639.00 25782 24530 24842 24678 23424 MAD Million [+]
Gdp From Construction 11653.00 11581 11479 11692 11681 11636 MAD Million [+]
Gdp From Mining 2952.00 2998 3018 3051 3076 3075 MAD Million [+]
Gdp From Public Administration 19264.00 19298 19011 19312 19454 19292 MAD Million [+]
Gdp From Services 26211.00 26202 26139 26249 26253 26223 MAD Million [+]
Gdp From Transport 8278.00 8404 8198 8332 8366 8850 MAD Million [+]
Gdp From Utilities 4520.00 4693 4576 4461 4482 4306 MAD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 9.60 9.7 10.1 9.2 9.7 9 percent [+]
Employed Persons 10713.00 10670 10568 10851 10732 10697 Thousand [+]
Unemployed Persons 1234.00 1183 1158 1113 1169 1156 Thousand [+]
Population 33.60 33.9 33.97 34.05 34.12 34.99 Million [+]
Youth Unemployment Rate 21.80 21.65 22.82 22.11 22.26 23.04 percent [+]
Employment Rate 42.20 41.98 41.46 42.54 42.02 41.73 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.60 1.6 1.5 1.4 1.3 2.8 percent [+]
Consumer Price Index CPI 117.90 118 118 118 118 118 Index Points [+]
Producer Prices 101.50 101 101 101 101 101 Index Points [+]
Food Inflation 2.30 2.81 3.01 2.81 2.88 2.86 percent [+]
Inflation Rate Mom -0.30 0.42 0.19 0.28 0.22 0.25 percent [+]
Cpi Transportation 109.70 110 110 110 110 110 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 2.25 2.25 2.25 2.25 2.25 1.75 percent [+]
Money Supply M1 730420.00 737587 747258 757043 766952 908186 MAD Million [+]
Money Supply M2 875055.00 887110 901493 916019 930697 1139374 MAD Million [+]
Money Supply M3 1180132.00 1195500 1210635 1226001 1241527 1461185 MAD Million [+]
Foreign Exchange Reserves 256070.00 259051 264976 269604 273930 304260 MAD Million [+]
Banks Balance Sheet 1184373.00 1194646 1209704 1224866 1240144 1453367 MAD Million [+]
Deposit Interest Rate 3.80 3.79 3.79 3.8 3.8 3.75 percent [+]
Central Bank Balance Sheet 279411.00 277239 277116 277095 277092 277092 MAD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -12712.00 -14445 -14762 -14776 -14775 -14774 MAD Million [+]
Exports 17110.00 17395 17495 17510 17510 17510 MAD Million [+]
Imports 29822.00 31569 31592 31806 31814 31794 MAD Million [+]
Current Account -17970.50 -8739 -10249 -9715 -10502 -11519 MAD Million [+]
Current Account to GDP -6.10 -7.34 -7.21 -7.08 -6.95 -6.71 percent [+]
Capital Flows -12258.90 -8553 -7570 -10482 -5530 -8324 MAD Million [+]
Tourist Arrivals 10282944.00 10018328 10066679 10115031 10163382 9172819 [+]
Gold Reserves 22.05 22.05 22.05 22.05 22.05 22.05 Tonnes [+]
Terrorism Index 0.89 2.18 2.24 2.3 2.36 2.47 [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Foreign Direct Investment 6921.00 6867 6842 7075 7006 6999 MAD Million [+]
External Debt 457362.13 469255 479188 487907 494958 572486 MAD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 63.89 66.63 67.12 67.6 68.09 75.05 percent [+]
Government Budget -5.00 -3.44 -3.13 -2.83 -2.53 -3.92 percent of GDP [+]
Government Spending 188720.00 202803 205483 208162 210842 245547 MAD Million [+]
Military Expenditure 3740.20 4021 3990 3959 4016 4329 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 1.40 0.7 1.8 1.8 0.95 1.87 percent [+]
Changes in Inventories 15559.00 19827 19264 18700 18137 19460 MAD Million [+]
Steel Production 50.00 42.3 39.74 39 38.82 38.77 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 38.35 37.92 37.48 37.04 38.54 Points [+]
Corruption Rank 88.00 95.13 93.76 92.39 91.01 91.03 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 73.80 73.31 73.67 73.94 74.14 74.32 [+]
Consumer Spending 567535.00 567357 567297 556254 545211 -645532 MAD Million [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016