MOROCCO : Economic and Financial Data
                   
             
         
            Date of last update:
            April 22nd, 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   Q4/23 313.593 309.539 1,3  
Agriculture and forestry   MDH   Q4/23 27.328 27.293 0,1  
Fishing   MDH   Q4/23 1.288 1.880 -31,5  
Mining and quarrying   MDH   Q4/23 6.978 6.244 11,8  
Manufacturing   MDH   Q4/23 48.240 44.543 8,3  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q4/23 8.731 8.823 -1,0  
Construction   MDH   Q4/23 15.739 15.271 3,1  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q4/23 30.711 30.647 0,2  
Transportation and storage   MDH   Q4/23 8.387 8.561 -2,0  
Accommodation and food service activities   MDH   Q4/23 10.576 12.648 -16,4  
Information and communication   MDH   Q4/23 9.207 9.253 -0,5  
Financial and insurance activities   MDH   Q4/23 16.173 15.901 1,7    
Real estate activities   MDH   Q4/23 21.363 21.098 1,3    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q4/23 15.629 14.489 7,9    
Public administration and defence; compulsory social security   MDH   Q4/23 32.961 33.330 -1,1    
Education, human health and social work activities   MDH   Q4/23 23.823 23.977 -0,6  
Other service activities   MDH   Q4/23 4.231 3.053 38,6  
             
b) GDP at current prices   MDH   Q4/23 370.809 367.142 1,0  
Agriculture and forestry   MDH   Q4/23 42.732 38.979 9,6  
Fishing   MDH   Q4/23 1.569 2.348 -33,2  
Mining and quarrying   MDH   Q4/23 7.142 6.559 8,9  
Manufacturing   MDH   Q4/23 58.655 52.538 11,6  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q4/23 6.878 7.124 -3,4  
Construction   MDH   Q4/23 20.386 19.604 4,0  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q4/23 43.009 41.181 4,4  
Transportation and storage   MDH   Q4/23 10.820 9.996 8,2  
Accommodation and food service activities   MDH   Q4/23 13.208 15.841 -16,6  
Information and communication   MDH   Q4/23 8.204 8.219 -0,2  
Financial and insurance activities   MDH   Q4/23 15.979 15.732 1,6  
Real estate activities   MDH   Q4/23 24.189 24.243 -0,2    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q4/23 18.504 17.273 7,1    
Public administration and defence; compulsory social security   MDH   Q4/23 34.146 34.105 0,1    
Education, human health and social work activities   MDH   Q4/23 24.874 25.300 -1,7    
Other service activities   MDH   Q4/23 4.844 3.496 38,6    
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   Q4/23 163,4 157,1 4,0  
IV- Price Indices                
  Consumer prices   2017=100 Mar/24 118,0 117,2 0,7  
  Producer prices   2018=100 Feb/24 117,0 117,6 -0,5  
             
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 Feb/24 49.999 43.100 16,0    
2- Current expenditures   MDH Feb/24 52.614 50.990 3,2    
  Of which : interest on domestic debt   MDH Feb/24 3.478 3.875 -10,2    
                      interest on external debt   MDH Feb/24 1.291 869 48,6    
3-(Surplus+/Deficit-) balance   MDH Feb/24 -9.630 -10.644 -9,5    
4-Net Domestic Financing   MDH Feb/24 13.464 16.958      
5-Net Foreign Financing   MDH Feb/24 3.721 734      
III- Central Government Debt             Ministry of Economy and Finance
1- Outstanding debt by maturity                
 Domestic debt   MDH   Q4/23        763.045,5           764.184,3   -0,15    
  Short-term debt (< 1 year)   MDH   Q4/23        106.430,0           122.921,3   -13,42    
  Medium and long-term debt (> 1 year)   MDH   Q4/23        656.615,5           641.263,1   2,39    
 External debt   MDH   Q4/23 253.618,3 252.822,3 0,3    
  Short-term debt (< 1 year)   MDH   Q4/23 21.239,0 21.850,0 -2,8    
  Medium and long-term debt (> 1 year)   MDH   Q4/23 232.379,3 230.972,3 0,6    
 Total outstanding debt   MDH   Q4/23 1.016.663,8 1.017.006,6 0,0    
2- Outstanding external debt by currency              
 * Dollar US   MDH   Q4/23 91.212,0 95.310,7 -4,3    
 * Euro   MDH   Q4/23 150.216,6 145.137,2 3,5    
 * Japanese Yen   MDH   Q4/23 3.863,3 3.528,1 9,5    
 * Other currencies   MDH   Q4/23 8.326,4 8.846,3 -5,9    
3- Outstanding guaranteed debt   MDH   Q4/23 155.564,4 158.013,9 -1,55    
         Domestic   MDH   Q4/23          30.826,5             30.975,8   -0,48  
         External   MDH   Q4/23 124.737,9 127.038,1 -1,8  
             
Financial Sector
A/ Depository Corporations Survey             Bank Al-Maghrib
M1 MDH Feb/24 1.280.514 1.274.430 0,5    
M2 MDH Feb/24 1.463.770 1.457.223 0,4    
M3 MDH Feb/24 1.758.990 1.745.817 0,8    
 Net Foreign Assets MDH Feb/24 358.167 359.251 -0,3    
Claims on nonresidents MDH Feb/24 440.208 437.087 0,7  
Liabilities to nonresidents MDH Feb/24 82.041 77.836 5,4  
Domestic claims MDH Feb/24 1.646.702 1.635.468 0,7    
               -  Net claims on central government MDH Feb/24 328.768 316.937 3,7    
                - Claims on other sectors MDH Feb/24 1.317.934 1.318.531 0,0    
Claims on state and local government MDH Feb/24 27.082 27.183 -0,4  
Claims on other financial corporations MDH Feb/24 358.312 358.610 -0,1  
Claims on public nonfinancial corporations MDH Feb/24 88.578 89.818 -1,4  
Claims on private sector MDH Feb/24 843.963 842.919 0,1  
Less : resources of a non monetary nature MDH Feb/24 287.206 288.050 -0,3  
         other items (net) MDH Feb/24 42.027 44.206 -4,9  
B/ Central Bank Survey           Bank Al-Maghrib
Claims on nonresidents MDH Mar/24 364.591 362.385 0,6  
Liabilities to nonresidents MDH Mar/24 39.873 40.020 -0,4  
Claims on other depository corporations MDH Mar/24 133.908 126.933 5,5  
Net claims on central government MDH Mar/24 5.390 14.310 -62,3  
Claims on other sectors MDH Mar/24 994 1.218 -18,4  
Monetary base MDH Mar/24 446.586 440.447 1,4  
Other liabilities to other depository corporations MDH Mar/24 0 0 0,0  
Less : resources of a non monetary nature MDH Mar/24 19.188 23.105 -17,0  
Other items (net) MDH Mar/24 -765 1.275 -160,0  
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   Q4/23 -1.753 290 -2.043,0  
  Exports of goods (FOB)   MDH   Q4/23 163.696 151.452 12.244,0  
  Imports of goods (FOB)   MDH   Q4/23 -196.611 -179.019 -17.592,0  
  Goods: credit   MDH   Q4/23 99.558 80.956 18.602,0  
  Goods: debit   MDH   Q4/23 -163.140 -148.420 -14.720,0  
  Services: credit   MDH   Q4/23 64.138 70.496 -6.358,0  
  Services: debit   MDH   Q4/23 -33.471 -30.599 -2.872,0  
  Primary Income: credit   MDH   Q4/23 3.379 3.272 107,0  
  Primary Income: debit   MDH   Q4/23 -7.373 -10.727 3.354,0  
  Secondary Income: credit   MDH   Q4/23 36.858 36.811 47,0  
  Secondary Income: debit   MDH   Q4/23 -1.702 -1.499 -203,0  
 Capital account   MDH   Q4/23 0 0 0,0  
  Capital account: credit   MDH   Q4/23 0 0 0,0  
  Capital account: debit   MDH   Q4/23 0 0 0,0  
 Financial account    MDH   Q4/23 -2.662 5.239 -7.901,0  
  Direct investment: assets   MDH   Q4/23 1.325 1.049 276,0  
  Direct investment: liabilities   MDH   Q4/23 -248 -3.836 3.588,0  
  Portfolio investment: assets   MDH   Q4/23 1.321 172 1.149,0  
  Portfolio investment: liabilities   MDH   Q4/23 -744 372 -1.116,0  
  Financial Derrivatives: assets   MDH   Q4/23 -597 -1.161 564,0  
  Financial Derrivatives: liabilities   MDH   Q4/23 637 935 -298,0  
  Other investment: assets   MDH   Q4/23 2.196 3.710 -1.514,0  
  Other investment: liabilities   MDH   Q4/23 -6.012 3.631 -9.643,0  
  Reserve assets   MDH   Q4/23 -540 367 -907,0  
 Net errors and omissions   MDH   Q4/23 -909 4.949 -5.858,0  
B- International reserves and foreign currency liquidity             Bank Al-Maghrib
 I- International reserves              
Gold MDH Mar/24 16.004 14.585 9,7  
SDR's MDH Mar/24 23.945 20.650 16,0    
Foreign currencies MDH Mar/24 322.046 322.342 -0,1    
IMF reserve position MDH Mar/24 2.006 2.009 -0,1    
Total MDH Mar/24 364.001 359.586 1,2    
 II- Reserves Template    Feb/24        
C- Merchandise Trade            Office des Changes
 Total exports (FOB)   MDH Feb/24 38.127 35.624 7,0    
 Total imports (CAF)   MDH Feb/24 57.633 57.874 -0,4    
D- International Investment position             Office des Changes
Direct investment    MDH   Q4/23 -605.654,6 -603.845,8 0,3  
Assets   MDH   Q4/23 79.895,3 78.812,8 1,4  
 Equity and investment fund shares    MDH   Q4/23        66.287,31           65.889,75   0,6  
  Direct investor in direct investment  enterprises   MDH   Q4/23        66.287,31           65.889,75   0,6  
 Debt instruments   MDH   Q4/23        13.608,03           12.923,02   5,3  
  Direct investor in direct investment enterprises   MDH   Q4/23        13.608,03           12.923,02   5,3  
Liabilities   MDH   Q4/23 685.549,9 682.658,6 0,4  
 Equity and investment fund shares    MDH   Q4/23      604.308,10         603.012,00   0,2  
  Direct investor in direct investment  enterprises   MDH   Q4/23      604.308,10         603.012,00   0,2  
 Debt instruments   MDH   Q4/23        81.241,80           79.646,60   2,0  
  Direct investor in direct investment enterprises   MDH   Q4/23        81.241,80           79.646,60   2,0  
Portfolio investment    MDH   Q4/23 -140.988,3 -145.136,9 -2,9  
Assets   MDH   Q4/23 12.706,9 11.504,1 10,5  
 Equity and investment fund shares    MDH   Q4/23        12.460,50           11.256,30   10,7  
 Deposit-taking corporations, except central bank   MDH   Q4/23             944,60                945,40   -0,1  
 Other sectors   MDH   Q4/23        11.515,90           10.310,90   11,7  
  Other financial corporations   MDH   Q4/23          3.367,20             2.106,80   59,8  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23          8.148,70             8.204,10   -0,7  
 Debt securities    MDH   Q4/23             246,40                247,80   -0,6  
 Deposit-taking corporations, except central bank   MDH   Q4/23             246,40                247,80   -0,6  
 Other sectors   MDH   Q4/23                     -                          -     #DIV/0!  
  Other financial corporations   MDH   Q4/23                     -                          -     #DIV/0!  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23                     -                          -     -  
Liabilities   MDH   Q4/23 153.695,2 156.641,0 -1,9  
 Equity and investment fund shares    MDH   Q4/23        35.539,20           35.277,00   0,7  
 Deposit-taking corporations, except central bank   MDH   Q4/23        12.536,90           12.320,10   1,8  
 Other sectors   MDH   Q4/23        23.002,30           22.956,90   0,2  
  Other financial corporations   MDH   Q4/23          2.883,40             2.408,80   19,7  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23        20.118,90           20.548,10   -2,1  
 Debt securities    MDH   Q4/23      118.156,00         121.364,00   -2,6  
 Deposit-taking corporations, except central bank   MDH   Q4/23                     -                          -     #DIV/0!  
 General government   MDH   Q4/23        86.558,00           88.504,00   -2,2  
 Other sectors   MDH   Q4/23        31.598,00           32.860,00   -3,8  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23        31.598,00           32.860,00   -3,8  
Financial derivatives (other than reserves) and employee stock options    MDH   Q4/23 339,3 626,9 -45,9  
Assets   MDH   Q4/23 599,8 793,9 -24,4  
Liabilities   MDH   Q4/23 260,5 167,0 56,0  
Other investment    MDH   Q4/23 -404.662,7 -404.116,6 0,1  
 Other equity    MDH   Q4/23 4.658,1 4.668,3 -0,2  
Assets   MDH   Q4/23 4.658,1 4.668,3 -0,2  
Liabilities   MDH   Q4/23                     -                          -     -  
 Currency and deposits    MDH   Q4/23 18.530,4 18.022,0 2,8  
Assets   MDH   Q4/23 64.145,9 67.027,0 -4,3  
 Central banks   MDH   Q4/23          1.639,80             1.673,10   -2,0  
 Deposit-taking corporations, except central bank   MDH   Q4/23        60.672,10           63.770,40   -4,9  
 Other sectors   MDH   Q4/23          1.834,00             1.583,50   15,8  
  Other financial corporations   MDH   Q4/23               80,70                  81,70   -1,2  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23          1.753,30             1.501,80   16,7  
Liabilities   MDH   Q4/23 45.615,5 49.005,0 -6,9  
 Central banks   MDH   Q4/23          2.583,30             2.862,70   -9,8  
 Deposit-taking corporations, except central bank   MDH   Q4/23        43.032,20           46.142,30   -6,7  
 Loans    MDH   Q4/23 -363.949,3 -364.469,4 -0,1  
Assets   MDH   Q4/23 637,5 661,9 -3,7  
 Deposit-taking corporations, except central bank   MDH   Q4/23             637,50                661,90   -3,7  
Liabilities   MDH   Q4/23 364.586,8 365.131,3 -0,1  
 Central banks   MDH   Q4/23        19.899,60           20.236,60   -1,7  
 Deposit-taking corporations, except central bank   MDH   Q4/23          9.536,60             9.081,90   5,0  
 General government   MDH   Q4/23      170.092,00         167.393,00   1,6  
 Other sectors   MDH   Q4/23      165.058,60         168.419,80   -2,0  
  Other financial corporations   MDH   Q4/23             653,10                599,10   9,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23      164.405,50         167.820,70   -2,0  
 Insurance, pension, and standardized guarantee schemes    MDH   Q4/23 1.251,0 976,5 28,1  
Assets   MDH   Q4/23 4.531,6 4.187,6 8,2  
Liabilities   MDH   Q4/23 3.280,6 3.211,1 2,2  
 Trade credit and advances    MDH   Q4/23 -46.253,0 -44.032,0 5,0  
Assets   MDH   Q4/23 38.226,0 34.921,0 9,5  
 Other sectors   MDH   Q4/23        38.226,00           34.921,00   9,5  
   Nonfinancial corporations, households, and NPISHs   MDH   Q4/23        38.226,00           34.921,00   9,5  
Liabilities   MDH   Q4/23 84.479,0 78.953,0 7,0  
 Other sectors   MDH   Q4/23        84.479,00           78.953,00   7,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/23        84.479,00           78.953,00   7,0  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q4/23 -70,0 -70,0 0,0  
Liabilities   MDH   Q4/23 0,0 0,0 #DIV/0!  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q4/23 70,0 70,0 0,0  
 Other accounts receivable / payable   MDH   Q4/23 -18.829,9 -19.212,0 -2,0  
Assets   MDH   Q4/23 18.829,9 19.212,0 -2,0  
Liabilities   MDH   Q4/23        18.829,90           19.212,00   -2,0  
Reserve assets    MDH   Q4/23 359.411,8 355.170,4 1,2  
Net International Investment Position   MDH   Q4/23 -791.554,5 -797.302,0 -0,7  
E- Exchange rate (quotidien)             Bank Al-Maghrib
             
GROSS EXTERNAL DEBT
I - General Government   MDH   Q4/23 256.650,6 255.897,0 0,3% Ministry of Economy and Finance
a) Short-term   MDH   Q4/23 0,0 0,0      
   Money market instruments   MDH   Q4/23          
   Loans   MDH   Q4/23          
   Trade credits   MDH   Q4/23        
   Other debt liabilities   MDH   Q4/23          
b) Long term   MDH   Q4/23 256.650,6 255.897,0 0,3%    
   Bonds and notes   MDH   Q4/23 86.557,6 88.504,3 -2,2%    
   Loans   MDH   Q4/23 170.093,0 167.392,7 1,6%    
   Trade credits   MDH   Q4/23        
   Other debt liabilities   MDH   Q4/23          
II - Monetary Authorities   MDH   Q4/23 41.452 42.546 -2,6 Bank Al-Maghrib
a) Short-term   MDH   Q4/23 2.583 2.863 -9,8    
   Money market instruments   MDH   Q4/23          
   Loans   MDH   Q4/23          
   Currency and deposits   MDH   Q4/23 2.583 2.863 -9,8    
   Other debt liabilities   MDH   Q4/23          
b) Long term   MDH   Q4/23 38.869 39.683 -2,1    
   Bonds and notes   MDH   Q4/23          
   Loans   MDH   Q4/23 20.039 20.471      
   Currency and deposits   MDH   Q4/23          
   Other debt liabilities   MDH   Q4/23 18.830 19.212 -2,0    
III - Banks   MDH   Q4/23 23.805 24.108 -1,3 Bank Al-Maghrib
a) Short-term   MDH   Q4/23 12.075 13.613 -11,3    
   Money market instruments   MDH   Q4/23          
   Loans   MDH   Q4/23 8.938 11.136 -19,7    
   Currency and deposits   MDH   Q4/23 2.925 2.268 29,0    
   Other debt liabilities   MDH   Q4/23 212 210 1,1    
b) Long term   MDH   Q4/23 11.730 10.495 11,8    
   Bonds and notes   MDH   Q4/23          
   Loans   MDH   Q4/23 11.730 10.495 11,8    
   Currency and deposits   MDH   Q4/23          
   Other debt liabilities   MDH   Q4/23          
IV - Other Sectors   MDH   Q4/23 281.134,4 280.233,0 0,3%    
A- State owned entreprises debt and publicly guaranteed debt    MDH   Q4/23 177.240,8 181.367,2 -2,3% Ministry of Economy and Finance
a) Short-term   MDH   Q4/23 0,0 0,0      
   Money market instruments   MDH   Q4/23          
   Loans   MDH   Q4/23          
   Currency and deposits   MDH   Q4/23          
   Trade credits   MDH   Q4/23        
   Other debt liabilities   MDH   Q4/23          
b) Long term   MDH   Q4/23 177.240,8 181.367,2 -2,3%    
   Bonds and notes   MDH   Q4/23 31.598,1 32.859,6 -3,8%    
   Loans   MDH   Q4/23 145.642,7 148.507,6 -1,9%    
   Currency and deposits   MDH   Q4/23          
   Trade credits   MDH   Q4/23        
   Other debt liabilities   MDH   Q4/23          
B- Private debt non guaranteed by the Government   MDH   Q4/23 103.893,6 98.865,8 5,1% Office des Changes
a) Short-term   MDH   Q4/23 84.479,0 78.953,0 7,0%    
   Money market instruments   MDH   Q4/23          
   Loans   MDH   Q4/23 0,0 0,0 -    
   Currency and deposits   MDH   Q4/23          
   Trade credits   MDH   Q4/23 84.479,0 78.953,0 7,0%  
   Other debt liabilities   MDH   Q4/23          
b) Long term   MDH   Q4/23 19.414,6 19.912,8 -2,5%    
   Bonds and notes   MDH   Q4/23          
   Loans   MDH   Q4/23 19.414,6 19.912,8 -2,5%    
   Currency and deposits   MDH   Q4/23          
   Trade credits   MDH   Q4/23 0,0 0,0 -  
   Other debt liabilities   MDH   Q4/23          
V - Direct Investment   MDH   Q4/23 81.241,8 79.646,6 2,0%    
 Debt liabilities to direct investors   MDH   Q4/23 81.241,8 79.646,6 2,0%    
Gross external debt   MDH   Q4/23 684.283,7 682.430,1 0,3%    
             
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).