Morocco GDP Growth Rate

The Gross Domestic Product (GDP) in Morocco expanded 2.5 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Growth Rate in Morocco is reported by the Haut Commissariat au Plan. From 1999 until 2013, Morocco GDP Growth Rate averaged 5.9 Percent reaching an all time high of 14.2 Percent in March of 2008 and a record low of 0.5 Percent in December of 1999. Morocco is the fifth largest economy in Africa. The service sector accounts for 50% of the GDP and mining, construction and manufacturing for an additional 25%. The major contributors to country's growth are tourism, telecoms, and textiles. Morocco is the world's third-largest producer of phosphorus. This page provides - Morocco GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.50 4.50 14.20 0.50 3.16 | 2014/06 1999 - 2014 Percent Quarterly

TO

Morocco GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 2462.61 2012-12-31 2432.82 2462.61 728.48 2555.81 2014-06-30 USD [+]
GDP per capita PPP 4475.24 2012-12-31 4421.11 4475.24 2190.25 4644.60 2014-06-30 USD [+]
GDP 96.73 2012-12-31 99.21 99.21 2.03 98.96 2014-06-30 USD Billion [+]
GDP Constant Prices 223775.00 2013-11-15 217249.00 223775.00 133008.00 225159.73 2014-03-31 MAD Million [+]
GDP Growth Rate 2.50 2014-03-31 4.50 14.20 0.50 3.16 2014-06-30 Percent [+]
GDP Annual Growth Rate 2.50 2014-03-31 4.50 14.20 0.50 3.16 2014-06-30 Percent [+]
Gross Fixed Capital Formation 259680.00 2012-06-29 246394.00 259680.00 690.00 260787.17 2012-12-31 MAD Million [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Morocco Balance of Trade at -15258.00 MAD Million  
Morocco recorded a trade deficit of 15258 MAD Million in February of 2014. Balance of Trade in Morocco is reported by the Office des Changes.
Morocco Current Account at -10082.40 MAD Million  
Morocco recorded a Current Account deficit of 10082.40 MAD Million in the fourth quarter of 2013. Current Account in Morocco is reported by the Bank al- Maghrib.
Morocco Changes in Inventories at 32697.00 MAD Million  
Changes in Inventories in Morocco decreased to 32697 MAD Million in 2012 from 42168 MAD Million in 2011. Changes in Inventories in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Consumer Confidence at 74.20  
Consumer Confidence in Morocco decreased to 74.20 in the fourth quarter of 2013 from 75.40 in the third quarter of 2013. Consumer Confidence in Morocco is reported by the Haut-Commissariat Au Plan.
Morocco Consumer Price Index (CPI) at 112.70 Index Points  
Consumer Price Index (CPI) in Morocco decreased to 112.70 Index Points in March of 2014 from 113 Index Points in February of 2014. Consumer Price Index (CPI) in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Consumer Spending at 494499.00 MAD Million  
Consumer Spending in Morocco increased to 494499 MAD Million in 2012 from 472938 MAD Million in 2011. Consumer Spending in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Employed Persons at 10625.00 Thousand  
The number of employed persons in Morocco decreased to 10625 Thousand in the fourth quarter of 2013 from 10687 Thousand in the third quarter of 2013. Employed Persons in Morocco is reported by the Haut-commissariat Au Plan.
Morocco GDP Constant Prices at 223775.00 MAD Million  
GDP Constant Prices in Morocco increased to 223775 MAD Million in the fourth quarter of 2013 from 217249 MAD Million in the third quarter of 2013. GDP Constant Prices in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Government Spending at 159118.00 MAD Million  
Government Spending in Morocco increased to 159118 MAD Million in 2012 from 146332 MAD Million in 2011. Government Spending in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Gross Fixed Capital Formation at 259680.00 MAD Million  
Gross Fixed Capital Formation in Morocco increased to 259680 MAD Million in 2012 from 246394 MAD Million in 2011. Gross Fixed Capital Formation in Morocco is reported by the Haut-commissariat Au Plan.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News