MOROCCO : Economic and Financial Data
             
             
         
            Date of last update:
            March 15, 2024
           
             
             
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The data shown in this page correspond to the data described on the International Monetary Fund’s Dissemination Standards Bulletin Board (DSBB). Some of prescribed breakdowns (underlined items) are shown on additional webpages rather than on the main page. For a fuller explanation of the DSBB and the statistical standards to which Morocco has committed, please click on DSBB Home Page at
http://dsbb.imf.org/            
             
  [Real Sector] [Fiscal Sector] [Financial Sector] [External Debt] [External Sector] [Population]
             
Data Category and Component Unit Latest Period Data for Latest Period Data for Previous Period % Change Other Information   (Hyperlink)
Real Sector
I- National Accounts             Haut Commissariat au Plan
a) GDP at constant prices (2014)   MDH   Q3/23 309.539 299.124 3,5  
Agriculture and forestry   MDH   Q3/23 27.293 28.484 -4,2  
Fishing   MDH   Q3/23 1.880 1.310 43,5  
Mining and quarrying   MDH   Q3/23 6.244 5.915 5,6  
Manufacturing   MDH   Q3/23 44.543 41.829 6,5  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q3/23 8.823 8.804 0,2  
Construction   MDH   Q3/23 15.271 15.106 1,1  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q3/23 30.647 30.055 2,0  
Transportation and storage   MDH   Q3/23 8.561 8.217 4,2  
Accommodation and food service activities   MDH   Q3/23 12.648 10.202 24,0  
Information and communication   MDH   Q3/23 9.253 9.444 -2,0  
Financial and insurance activities   MDH   Q3/23 15.901 15.176 4,8    
Real estate activities   MDH   Q3/23 21.098 21.120 -0,1    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q3/23 14.489 12.687 14,2    
Public administration and defence; compulsory social security   MDH   Q3/23 33.330 33.968 -1,9    
Education, human health and social work activities   MDH   Q3/23 23.977 24.393 -1,7  
Other service activities   MDH   Q3/23 3.053 2.671 14,3  
             
b) GDP at current prices   MDH   Q3/23 367.142 344.372 6,6  
Agriculture and forestry   MDH   Q3/23 38.979 42.068 -7,3  
Fishing   MDH   Q3/23 2.348 1.846 27,2  
Mining and quarrying   MDH   Q3/23 6.559 6.374 2,9  
Manufacturing   MDH   Q3/23 52.538 47.393 10,9  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q3/23 7.124 7.322 -2,7  
Construction   MDH   Q3/23 19.604 16.874 16,2  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q3/23 41.181 39.179 5,1  
Transportation and storage   MDH   Q3/23 9.996 9.457 5,7  
Accommodation and food service activities   MDH   Q3/23 15.841 12.512 26,6  
Information and communication   MDH   Q3/23 8.219 8.499 -3,3  
Financial and insurance activities   MDH   Q3/23 15.732 15.585 0,9  
Real estate activities   MDH   Q3/23 24.243 24.058 0,8    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q3/23 17.273 15.452 11,8    
Public administration and defence; compulsory social security   MDH   Q3/23 34.105 34.929 -2,4    
Education, human health and social work activities   MDH   Q3/23 25.300 25.768 -1,8    
Other service activities   MDH   Q3/23 3.496 3.057 14,3    
II- Production index              
  Manufacturing production index 2015=100   Q4/23 132,4 111,9 18,3  
III- Labour Market             
  Active population employed Thousands   Q4/23 10.519 10.452 0,6    
  Unemployement rate   %   Q4/23 13,3% 13,5%      
   Wages index 2004=100   Q3/23 158,1 160,0 -1,2  
IV- Price Indices                
  Consumer prices   2017=100 Jan/24 117,5 118,2 -0,6  
  Producer prices   2018=100 Jan/24 117,6 119,2 -1,3  
             
Fiscal Sector
I- General Government or Public Sector Operations           Ministry of Economy and Finance
Revenue MDH 2019 420.584 412.721 7.863  
Expense MDH 2019 378.053 358.664 19.389  
Net operating balance MDH 2019 42.531 54.057 -11.526  
Net investment in nonfinancial assests MDH 2019 74.627 75.989 -1.362  
Net lending/net borrowing MDH 2019 -32.096 -21.932 -10.164  
Net acquisition of financial assets MDH 2019 27.213 28.073 -860  
Net incurrence of liabilities MDH 2019 59.309 50.006 9.303  
II- Central Government Operations *             Ministry of Economy and Finance
1- Revenues   MDH Jan/24 27.214 25.361 7,3    
2- Current expenditures   MDH Jan/24 26.162 24.535 6,6    
  Of which : interest on domestic debt   MDH Jan/24 550 805 -31,7    
                      interest on external debt   MDH Jan/24 709 475 49,2    
3-(Surplus+/Deficit-) balance   MDH Jan/24 -1.717 516 -432,6    
4-Net Domestic Financing   MDH Jan/24 10.844 10.009      
   Banks   Jan/24        
   Other   Jan/24        
5-Net Foreign Financing   MDH Jan/24 399 -599      
III- Central Government Debt             Ministry of Economy and Finance
1- Outstanding debt by maturity                
 Domestic debt   MDH   Q3/23               764.184,3                  765.250,9   -0,14    
  Short-term debt (< 1 year)   MDH   Q3/23               122.921,3                  131.909,3   -6,81    
  Medium and long-term debt (> 1 year)   MDH   Q3/23               641.263,1                  633.341,6   1,25    
 External debt   MDH   Q3/23 252.904,3 244.758,3 3,3    
  Short-term debt (< 1 year)   MDH   Q3/23 21.850,0 20.979,0 4,2    
  Medium and long-term debt (> 1 year)   MDH   Q3/23 231.054,3 223.779,3 3,3    
 Total outstanding debt   MDH   Q3/23 1.017.088,6 1.010.009,2 0,7    
2- Outstanding external debt by currency              
 * Dollar US   MDH   Q3/23 95.310,7 91.968,8 3,6    
 * Euro   MDH   Q3/23 145.211,4 140.819,6 3,1    
 * Japanese Yen   MDH   Q3/23 3.536,0 3.574,6 -1,1    
 * Other currencies   MDH   Q3/23 8.846,2 8.395,3 5,4    
3- Outstanding guaranteed debt   MDH   Q3/23 157.971,1 156.011,9 1,26    
         Domestic   MDH   Q3/23                 30.975,8                     31.127,5   -0,49  
         External   MDH   Q3/23 126.995,3 124.884,4 1,7  
             
Financial Sector
A/ Depository Corporations Survey             Bank Al-Maghrib
M1 MDH Jan/24 1.274.430 1.286.313 -0,9    
M2 MDH Jan/24 1.457.223 1.468.853 -0,8    
M3 MDH Jan/24 1.744.408 1.750.763 -0,4    
 Net Foreign Assets MDH Jan/24 359.250 351.594 2,2    
Claims on nonresidents MDH Jan/24 437.087 436.973 0,0  
Liabilities to nonresidents MDH Jan/24 77.837 85.378 -8,8  
Domestic claims MDH Jan/24 1.634.336 1.644.610 -0,6    
               -  Net claims on central government MDH Jan/24 316.937 319.723 -0,9    
                - Claims on other sectors MDH Jan/24 1.317.400 1.324.887 -0,6    
Claims on state and local government MDH Jan/24 27.183 27.224 -0,2  
Claims on other financial corporations MDH Jan/24 357.202 351.097 1,7  
Claims on public nonfinancial corporations MDH Jan/24 88.975 89.520 -0,6  
Claims on private sector MDH Jan/24 844.040 857.046 -1,5  
Less : resources of a non monetary nature MDH Jan/24 288.050 286.795 0,4  
         other items (net) MDH Jan/24 44.483 42.001 5,9  
B/ Central Bank Survey           Bank Al-Maghrib
Claims on nonresidents MDH Feb/24 362.385 360.393 0,6  
Liabilities to nonresidents MDH Feb/24 40.020 39.613 1,0  
Claims on other depository corporations MDH Feb/24 126.933 123.729 2,6  
Net claims on central government MDH Feb/24 14.310 10.878 31,5  
Claims on other sectors MDH Feb/24 1.218 1.044 16,7  
Monetary base MDH Feb/24 440.447 432.339 1,9  
Other liabilities to other depository corporations MDH Feb/24 0 0 0,0  
Less : resources of a non monetary nature MDH Feb/24 23.105 22.373 3,3  
Other items (net) MDH Feb/24 1.275 1.719 -25,8  
C/ Interest Rates (Daily)             Bank Al-Maghrib
 Main money market rates              
 Government bond yield              
D/ Stock Exchange index (Daily)              
 Stock exchange             Casablanca Stock Exchange
             
External Sector
A- Balance of payments **             Office des Changes
 Current account   MDH   Q3/23 1.045 -6.434 7.479,0  
  Exports of goods (FOB)   MDH   Q3/23 151.907 154.111 -2.204,0  
  Imports of goods (FOB)   MDH   Q3/23 -179.194 -185.475 6.281,0  
  Goods: credit   MDH   Q3/23 81.191 93.098 -11.907,0  
  Goods: debit   MDH   Q3/23 -148.973 -153.929 4.956,0  
  Services: credit   MDH   Q3/23 70.716 61.013 9.703,0  
  Services: debit   MDH   Q3/23 -30.221 -31.546 1.325,0  
  Primary Income: credit   MDH   Q3/23 3.203 2.484 719,0  
  Primary Income: debit   MDH   Q3/23 -10.230 -9.200 -1.030,0  
  Secondary Income: credit   MDH   Q3/23 36.738 33.339 3.399,0  
  Secondary Income: debit   MDH   Q3/23 -1.379 -1.693 314,0  
 Capital account   MDH   Q3/23 0 0 0,0  
  Capital account: credit   MDH   Q3/23 0 0 0,0  
  Capital account: debit   MDH   Q3/23 0 0 0,0  
 Financial account    MDH   Q3/23 5.562 -2.339 7.901,0  
  Direct investment: assets   MDH   Q3/23 1.049 4.435 -3.386,0  
  Direct investment: liabilities   MDH   Q3/23 -3.860 -2.868 -992,0  
  Portfolio investment: assets   MDH   Q3/23 172 64 108,0  
  Portfolio investment: liabilities   MDH   Q3/23 537 110 427,0  
  Financial Derrivatives: assets   MDH   Q3/23 -1.161 -547 -614,0  
  Financial Derrivatives: liabilities   MDH   Q3/23 935 698 237,0  
  Other investment: assets   MDH   Q3/23 4.568 441 4.127,0  
  Other investment: liabilities   MDH   Q3/23 2.955 -1.836 4.791,0  
  Reserve assets   MDH   Q3/23 367 -2.836 3.203,0  
 Net errors and omissions   MDH   Q3/23 4.517 4.095 422,0  
B- International reserves and foreign currency liquidity             Bank Al-Maghrib
 I- International reserves              
Gold MDH Feb/24 14.585 14.538 0,3  
SDR's MDH Feb/24 20.650 20.808 -0,8    
Foreign currencies MDH Feb/24 322.973 319.230 1,2    
IMF reserve position MDH Feb/24 2.009 2.002 0,3    
Total MDH Feb/24 360.217 356.577 1,0    
 II- Reserves Template    Jan/24        
C- Merchandise Trade            Office des Changes
 Total exports (FOB)   MDH Jan/24 35.661 37.823 -5,7    
 Total imports (CAF)   MDH Jan/24 58.104 63.984 -9,2    
D- International Investment position             Office des Changes
Direct investment    MDH   Q3/23 -602.254,2 -596.236,7 1,0  
Assets   MDH   Q3/23 78.834,8 77.221,1 2,1  
 Equity and investment fund shares    MDH   Q3/23               65.889,75                  64.838,52   1,6  
  Direct investor in direct investment  enterprises   MDH   Q3/23               65.889,75                  64.838,52   1,6  
 Debt instruments   MDH   Q3/23               12.945,03                  12.382,54   4,5  
  Direct investor in direct investment enterprises   MDH   Q3/23               12.945,03                  12.382,54   4,5  
Liabilities   MDH   Q3/23 681.089,0 673.457,8 1,1  
 Equity and investment fund shares    MDH   Q3/23            601.637,60                594.727,40   1,2  
  Direct investor in direct investment  enterprises   MDH   Q3/23            601.637,60                594.727,40   1,2  
 Debt instruments   MDH   Q3/23               79.451,40                  78.730,40   0,9  
  Direct investor in direct investment enterprises   MDH   Q3/23               79.451,40                  78.730,40   0,9  
Portfolio investment    MDH   Q3/23 -145.132,2 -141.145,4 2,8  
Assets   MDH   Q3/23 11.517,7 11.316,4 1,8  
 Equity and investment fund shares    MDH   Q3/23               11.269,90                  11.072,20   1,8  
 Deposit-taking corporations, except central bank   MDH   Q3/23                    945,40                        934,00   1,2  
 Other sectors   MDH   Q3/23               10.324,50                  10.138,20   1,8  
  Other financial corporations   MDH   Q3/23                 2.118,30                     2.026,10   4,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23                 8.206,20                     8.112,10   1,2  
 Debt securities    MDH   Q3/23                    247,80                        244,20   1,5  
 Deposit-taking corporations, except central bank   MDH   Q3/23                    247,80                        244,20   1,5  
 Other sectors   MDH   Q3/23                              -                                   -     #DIV/0!  
  Other financial corporations   MDH   Q3/23                              -                                   -     #DIV/0!  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23                              -                                   -     -  
Liabilities   MDH   Q3/23 156.649,9 152.461,8 2,7  
 Equity and investment fund shares    MDH   Q3/23               35.285,90                  34.575,80   2,1  
 Deposit-taking corporations, except central bank   MDH   Q3/23               12.320,10                  11.894,50   3,6  
 Other sectors   MDH   Q3/23               22.965,80                  22.681,30   1,3  
  Other financial corporations   MDH   Q3/23                 2.408,80                     2.366,20   1,8  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23               20.557,00                  20.315,10   1,2  
 Debt securities    MDH   Q3/23            121.364,00                117.886,00   3,0  
 Deposit-taking corporations, except central bank   MDH   Q3/23                              -                                   -     #DIV/0!  
 General government   MDH   Q3/23               88.504,00                  86.287,00   2,6  
 Other sectors   MDH   Q3/23               32.860,00                  31.599,00   4,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23               32.860,00                  31.599,00   4,0  
Financial derivatives (other than reserves) and employee stock options    MDH   Q3/23 626,9 283,5 121,1  
Assets   MDH   Q3/23 793,9 459,8 72,7  
Liabilities   MDH   Q3/23 167,0 176,3 -5,3  
Other investment    MDH   Q3/23 -404.994,3 -406.725,1 -0,4  
 Other equity    MDH   Q3/23 4.668,3 4.635,7 0,7  
Assets   MDH   Q3/23 4.668,3 4.635,7 0,7  
Liabilities   MDH   Q3/23                              -                                   -     -  
 Currency and deposits    MDH   Q3/23 18.022,0 9.672,4 86,3  
Assets   MDH   Q3/23 67.027,0 61.811,3 8,4  
 Central banks   MDH   Q3/23                 1.673,10                     1.356,40   23,3  
 Deposit-taking corporations, except central bank   MDH   Q3/23               63.770,40                  57.156,70   11,6  
 Other sectors   MDH   Q3/23                 1.583,50                     3.298,20   -52,0  
  Other financial corporations   MDH   Q3/23                       81,70                          80,20   1,9  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23                 1.501,80                     3.218,00   -53,3  
Liabilities   MDH   Q3/23 49.005,0 52.138,9 -6,0  
 Central banks   MDH   Q3/23                 2.862,70                     3.619,70   -20,9  
 Deposit-taking corporations, except central bank   MDH   Q3/23               46.142,30                  48.519,20   -4,9  
 Loans    MDH   Q3/23 -364.407,1 -356.919,7 2,1  
Assets   MDH   Q3/23 661,9 654,3 1,2  
 Deposit-taking corporations, except central bank   MDH   Q3/23                    661,90                        654,30   1,2  
Liabilities   MDH   Q3/23 365.069,0 357.574,0 2,1  
 Central banks   MDH   Q3/23               20.236,60                  19.740,80   2,5  
 Deposit-taking corporations, except central bank   MDH   Q3/23                 9.097,60                     9.854,60   -7,7  
 General government   MDH   Q3/23            167.473,00                161.256,00   3,9  
 Other sectors   MDH   Q3/23            168.261,80                166.722,60   0,9  
  Other financial corporations   MDH   Q3/23                    599,10                        669,80   -10,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23            167.662,70                166.052,80   1,0  
 Insurance, pension, and standardized guarantee schemes    MDH   Q3/23 976,5 897,9 8,8  
Assets   MDH   Q3/23 4.187,6 4.033,7 3,8  
Liabilities   MDH   Q3/23 3.211,1 3.135,8 2,4  
 Trade credit and advances    MDH   Q3/23 -44.972,0 -46.299,0 -2,9  
Assets   MDH   Q3/23 33.169,0 32.572,0 1,8  
 Other sectors   MDH   Q3/23               33.169,00                  32.572,00   1,8  
   Nonfinancial corporations, households, and NPISHs   MDH   Q3/23               33.169,00                  32.572,00   1,8  
Liabilities   MDH   Q3/23 78.141,0 78.871,0 -0,9  
 Other sectors   MDH   Q3/23               78.141,00                  78.871,00   -0,9  
  Nonfinancial corporations, households, and NPISHs   MDH   Q3/23               78.141,00                  78.871,00   -0,9  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q3/23 -70,0 -70,0 0,0  
Liabilities   MDH   Q3/23 0,0 0,0 #DIV/0!  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q3/23 70,0 70,0 0,0  
 Other accounts receivable / payable   MDH   Q3/23 -19.212,0 -18.642,4 3,1  
Assets   MDH   Q3/23 19.212,0 18.642,4 3,1  
Liabilities   MDH   Q3/23               19.212,00                  18.642,40   3,1  
Reserve assets    MDH   Q3/23 355.170,4 346.163,1 2,6  
Net International Investment Position   MDH   Q3/23 -796.583,4 -797.660,6 -0,1  
E- Exchange rate (quotidien)             Bank Al-Maghrib
             
GROSS EXTERNAL DEBT
I - General Government   MDH   Q3/23 255.977,3 247.543,0 3,4% Ministry of Economy and Finance
a) Short-term   MDH   Q3/23 0,0 0,0      
   Money market instruments   MDH   Q3/23          
   Loans   MDH   Q3/23          
   Trade credits   MDH   Q3/23        
   Other debt liabilities   MDH   Q3/23          
b) Long term   MDH   Q3/23 255.977,3 247.543,0 3,4%    
   Bonds and notes   MDH   Q3/23 88.504,3 86.287,2 2,6%    
   Loans   MDH   Q3/23 167.473,0 161.255,8 3,9%    
   Trade credits   MDH   Q3/23        
   Other debt liabilities   MDH   Q3/23          
II - Monetary Authorities   MDH   Q3/23 42.545,8 42.732,6 -43,7% Bank Al-Maghrib
a) Short-term   MDH   Q3/23 2.862,7 3.619,7 -2091,2%    
   Money market instruments   MDH   Q3/23          
   Loans   MDH   Q3/23          
   Currency and deposits   MDH   Q3/23 2.862,7 3.619,7 -2091,2%    
   Other debt liabilities   MDH   Q3/23          
b) Long term   MDH   Q3/23 39.683,1 39.113,0 145,8%    
   Bonds and notes   MDH   Q3/23          
   Loans   MDH   Q3/23 20.471,1 20.470,6      
   Currency and deposits   MDH   Q3/23          
   Other debt liabilities   MDH   Q3/23 19.212,0 18.642,4 305,5%    
III - Banks   MDH   Q3/23 24.107,7 29.122,6 -1722,0% Bank Al-Maghrib
a) Short-term   MDH   Q3/23 13.613,0 18.288,9 -2556,7%    
   Money market instruments   MDH   Q3/23          
   Loans   MDH   Q3/23 11.135,6 12.618,6 -1175,3%    
   Currency and deposits   MDH   Q3/23 2.267,8 5.460,7 -5847,1%    
   Other debt liabilities   MDH   Q3/23 209,6 209,6 -0,5%    
b) Long term   MDH   Q3/23 10.494,7 10.833,6 -312,8%    
   Bonds and notes   MDH   Q3/23          
   Loans   MDH   Q3/23 10.494,7 10.833,6 -312,8%    
   Currency and deposits   MDH   Q3/23          
   Other debt liabilities   MDH   Q3/23          
IV - Other Sectors   MDH   Q3/23 279.262,0 277.192,8 0,7%    
A- State owned entreprises debt and publicly guaranteed debt    MDH   Q3/23 181.208,2 178.480,2 1,5% Ministry of Economy and Finance
a) Short-term   MDH   Q3/23 0,0 0,0      
   Money market instruments   MDH   Q3/23          
   Loans   MDH   Q3/23          
   Currency and deposits   MDH   Q3/23          
   Trade credits   MDH   Q3/23        
   Other debt liabilities   MDH   Q3/23          
b) Long term   MDH   Q3/23 181.208,2 178.480,2 1,5%    
   Bonds and notes   MDH   Q3/23 32.859,6 31.598,7 4,0%    
   Loans   MDH   Q3/23 148.348,6 146.881,5 1,0%    
   Currency and deposits   MDH   Q3/23          
   Trade credits   MDH   Q3/23        
   Other debt liabilities   MDH   Q3/23          
B- Private debt non guaranteed by the Government   MDH   Q3/23 98.053,8 98.712,6 -0,7% Office des Changes
a) Short-term   MDH   Q3/23 78.141,0 78.871,0 -0,9%    
   Money market instruments   MDH   Q3/23          
   Loans   MDH   Q3/23 0,0 0,0 -    
   Currency and deposits   MDH   Q3/23          
   Trade credits   MDH   Q3/23 78.141,0 78.871,0 -0,9%  
   Other debt liabilities   MDH   Q3/23          
b) Long term   MDH   Q3/23 19.912,8 19.841,6 0,4%    
   Bonds and notes   MDH   Q3/23          
   Loans   MDH   Q3/23 19.912,8 19.841,6 0,4%    
   Currency and deposits   MDH   Q3/23          
   Trade credits   MDH   Q3/23 0,0 0,0 -  
   Other debt liabilities   MDH   Q3/23          
V - Direct Investment   MDH   Q3/23 79.451,4 78.730,4 0,9%    
 Debt liabilities to direct investors   MDH   Q3/23 79.451,4 78.730,4 0,9%    
Gross external debt   MDH   Q3/23 681.344,2 675.321,4 0,9%    
             
POPULATION
 Population   Thousands 2014 33.848 29.892 13,2 Haut Commissariat au Plan
  * For Central Governement Operations, "Previous Period" refers to the same period of the last year.
** The Balance of Payments is established according to the sixth edition of the IMF Manual.
     Changes in balances are expressed in millions of dirhams (MDH).