MOROCCO : Economic and Financial Data
						Date of last update:
						February 3rd, 2012
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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 (1998)	MDH	Q3/11	167 247	165 785	0,9
Agriculture	MDH	Q3/11	26 372	26 413	-0,2
Fishing	MDH	Q3/11	803	832	-3,5
Extractive industry	MDH	Q3/11	2 869	3 320	-13,6
Manufacturing Industry	MDH	Q3/11	21 443	21 243	0,9
Electricity	MDH	Q3/11	5 370	5 383	-0,2
Construction and Public works	MDH	Q3/11	8 185	7 949	3,0
Trade	MDH	Q3/11	17 869	17 551	1,8
Hotels and restraurants	MDH	Q3/11	2 921	2 873	1,7
Trasnport	MDH	Q3/11	8 239	8 282	-0,5
Communication	MDH	Q3/11	11 341	10 597	7,0
Finance and Insurance	MDH	Q3/11	8 631	8 466	1,9
Services provided to firms and personal services	MDH	Q3/11	17 839	17 744	0,5
Public Administration	MDH	Q3/11	13 238	13 090	1,1
Education, Health and social action	MDH	Q3/11	13 152	12 867	2,2
b) GDP at current prices	MDH	Q3/11	200 053	196 431	1,8
Agriculture	MDH	Q3/11	25 284	25 984	-2,7
Fishing	MDH	Q3/11	1 791	1 612	11,1
Extractive industry	MDH	Q3/11	6 978	9 648	-27,7
Manufacturing Industry	MDH	Q3/11	29 084	29 025	0,2
Electricity	MDH	Q3/11	5 070	5 255	-3,5
Construction and Public works	MDH	Q3/11	13 451	12 054	11,6
Trade	MDH	Q3/11	19 473	19 175	1,6
Hotels and restraurants	MDH	Q3/11	4 879	4 836	0,9
Trasnport	MDH	Q3/11	7 425	6 843	8,5
Communication	MDH	Q3/11	5 647	5 721	-1,3
Finance and Insurance	MDH	Q3/11	10 861	10 646	2,0
Services provided to firms and personal services	MDH	Q3/11	26 784	26 365	1,6
Public Administration	MDH	Q3/11	17 296	17 092	1,2
Education, Health and social action	MDH	Q3/11	17 950	17 572	2,2
II- Production index
Manufacturing production index	1998=100	Q3/11	159,8	169,8	-5,9
III- Labour Market
Active population employed	Thousands	Q4/11	10 640	10 492	1,4
Unemployement rate	%	Q4/11	8,5%	9,1%
Wages index	2004=100	Q4/11	125,0	125,0	0,0
IV-Price Indices
Consumer prices	1989=100	Dec/11	109,6	110,1	-0,5
Producer prices	1997=100	Dec/11	163,0	163,1	-0,1
Fiscal Sector
I-General Government or Public Sector Operations						Ministry of Economy and Finance
Revenues	MDH	2010	246 173	236 569	4,1
Expenditure	MDH	2010	204 717	183 506	11,6
Balance, (Deficit-/Surplus+)	MDH	2010	-16 455	8 811
Financing	MDH	2010	-9 569	4 749	-301,5
Domestic	MDH	2010	-5 569	-15 507	-64,1
Bank	MDH	2010
Non-bank	MDH	2010
Foreign	MDH	2010	15 138	10 758	40,7
II-Central Government Operations						Ministry of Economy and Finance
1-Revenues	MDH	Dec/11	191 296	174 145	9,8
2-Current expenditures	MDH	Dec/11	193 529	162 020	19,4
Of which : interest on domestic debt	MDH	Dec/11	15 198	15 245	-0,3
interest on external debt	MDH	Dec/11	3 036	2 329	30,4
3-(Surplus+/Deficit-) balance	MDH	Dec/11	-48 103	-35 764	34,5
4-Net Domestic Financing	MDH	Dec/11	31 189	13 041	139,2
Banks
Other
5-Net Foreign Financing	MDH	Dec/11	7 063	15 837	-55,4
III-Central Government Debt						Ministry of Economy and Finance
1-Outstanding debt by maturity
Domestic debt	MDH	Q3/11	309 890	302 988	2,3
Short-term debt (< 1 year)	MDH	Q3/11	46 883	50 943	-8,0
Medium and long-term debt (> 1 year)	MDH	Q3/11	263 007	252 046	4,3
External debt	MDH	Q3/11	94 792	94 293	0,5
Short-term debt (< 1 year)	MDH	Q3/11	0	0
Medium and long-term debt (> 1 year)	MDH	Q3/11	94 792	94 293	0,5
Total outstanding debt	MDH	Q3/11
2-Outstanding external debt by currency		Q3/11
* Dollar US	MDH	Q3/11	10 542	10 227	3,1
* Euro	MDH	Q3/11	71 662	72 473	-1,1
* Japanese Yen	MDH	Q3/11	3 519	3 233	8,9
* Other currencies	MDH	Q3/11	9 070	8 359	8,5
3-Outstanding guaranteed debt		Q3/11
Domestic	MDH	Q3/11	14 043	14 082	-0,3
External	MDH	Q3/11	87 078	84 230	3,4
Financial Sector
A/ Depository corporations Survey						Bank Al-Maghrib
M1	MDH	Dec/11	570 374	570 374	0,0
M2	MDH	Dec/11	696 546	672 580	3,6
M3	MDH	Dec/11	966 330	941 284	2,7
Net Foreign Assets	MDH	Dec/11	168 784	173 916	-3,0
Claims on nonresidents	MDH	Dec/11	203 833	206 981	-1,5
Liabilities to nonresidents	MDH	Dec/11	35 049	33 065	6,0
Domestic claims	MDH	Dec/11	906 666	881 896	2,8
-  Net claims on central government	MDH	Dec/11	115 044	107 213	7,3
- Claims on other sectors	MDH	Dec/11	791 622	774 684	2,2
Claims on state and local government	MDH	Dec/11	10 441	9 728	7,3
Claims on other financial corporations	MDH	Dec/11	164 035	153 625	6,8
Claims on public nonfinancial corporations	MDH	Dec/11	43 055	49 366	-12,8
Claims on private sector	MDH	Dec/11	574 092	561 965	2,2
Less : resources of a non monetary nature	MDH	Dec/11	149 422	148 259	0,8
other items (net)	MDH	Dec/11	6 289	8 385	-25,0
B/ central bank survey
Claims on nonresidents	MDH	Dec/11	177 448	181 175	-2,1
Liabilities to nonresidents	MDH	Dec/11	10 648	9 962	6,9
Claims on other depository corporations	MDH	Dec/11	40 309	36 454	10,6
Net claims on central government	MDH	Dec/11	3 171	1 647	92,5
Claims on other sectors	MDH	Dec/11	1 054	1 030	2,4
Monetary base	MDH	Dec/11	193 881	192 750	0,6
Other liabilities to other depository corporations	MDH	Dec/11	0,45	0,45	0,0
Less : resources of a non monetary nature	MDH	Dec/11	19 090	19 594	-2,6
Other items (net)	MDH	Dec/11	-1 637	-2 001	-18,2
C/ Interest rates (Daily)						Bank Al-Maghrib
Main money market rates
Government bond yield
D/ Stock Exchange index (Daily)
Stock exchange						BVC
External Sector
A-Balance of payments *						Office des Changes
Current account	MDH	Q3/11	-6 958,3	-20 013,2	13 054,9
Imports of goods (FOB)	MDH	Q3/11	-80 923,5	-86 288,0	5 364,5
Exports of goods (FOB)	MDH	Q3/11	42 374,0	43 469,5	-1 095,5
Services: credit	MDH	Q3/11	32 764,4	26 880,6	5 883,8
Services: debit	MDH	Q3/11	-16 450,4	-16 012,6	-437,8
Income: credit	MDH	Q3/11	1 399,6	858,5	541,1
Income: debit	MDH	Q3/11	-4 619,8	-4 530,5	-89,3
Current transfers: credit	MDH	Q3/11	19 074,7	16 052,2	3 022,5
Current transfers: debit	MDH	Q3/11	-577,3	-442,9	-134,4
Capital account	MDH	Q3/11	-0,9	-0,1	-0,8
Capital account: credit	MDH	Q3/11	0,0	0,0	0,0
Capital account: debit	MDH	Q3/11	-0,9	-0,1	-0,8
Financial account	MDH	Q3/11	8 946,6	18 240,4	-9 293,8
Direct investment abroad	MDH	Q3/11	-152,1	-672,5	520,4
Direct investment in reporting economies	MDH	Q3/11	4 028,0	4 296,4	-268,4
Portfolio investment, assets	MDH	Q3/11	-1 039,9	-186,3	-853,6
Portfolio investment, liabilities	MDH	Q3/11	8,9	12,4	-3,5
Other investment, assets	MDH	Q3/11	-1 914,9	-2 510,9	596,0
Other investment, liabilities	MDH	Q3/11	6 049,4	8 495,1	-2 445,7
Reserves assets	MDH	Q3/11	1 967,2	8 806,2	-6 839,0
Net errors and omissions	MDH	Q3/11	-1 987,4	1 772,9	-3 760,3
B-International reserves and foreign currency liquidity						Bank Al-Maghrib
I-International reserves
Gold	MDH	Dec/11	9 572	10 005	-4,3
SDR's	MDH	Dec/11	5 286	5 711	-7,4
Foreign currencies	MDH	Dec/11	161 328	164 228	-1,8
IMF reserve position	MDH	Dec/11	928	905	2,5
Total	MDH	Dec/11	177 113	180 849	-2,1
II-Reserves Template		Dec/11
C-Merchandise Trade						Office des Changes
Total exports (FOB)	MDH	Dec/11	14 968,5	13 823,9	8,3
Total imports (CAF)	MDH	Dec/11	34 706,5	28 168,2	23,2
D- International Investment position						Office des Changes
Direct Investment (net)	MDH	2010	-362 720,6	-320 061,1	13,3
Direct Investment abroad	MDH	2010	15 469,5	14 630,6	5,7
Inward FDI	MDH	2010	-378 190,1	-334 691,7	13,0
Equity capital	MDH	2010	-364 757,2	-320 296,2	13,9
Other capital	MDH	2010	-13 432,9	-14 395,5	-6,7
Potfolio Investment	MDH	2010	-22 425,5	-23 106,8	-2,9
Assets	MDH	2010	7 445,0	5 691,8	30,8
Liabilities	MDH	2010	-29 870,5	-28 798,6	3,7
Equity securities	MDH	2010	-29 870,5	-28 798,6	3,7
Debt securities	MDH	2010
Other Investments	MDH	2010	-202 904,7	-162 610,7	24,8
Trade credits	MDH	2010	-1 286,4	-894,8	43,8
Assets	MDH	2010	11 197,4	9 991,3	12,1
Liabilities	MDH	2010	-12 483,8	-10 886,1	14,7
Loans- assets	MDH	2010	2 630,8	3 535,8	-25,6
General government	MDH	2010	0,0	0,0	-
Banks	MDH	2010	1 636,7	2 541,7	-35,6
Other sectors	MDH	2010	994,1	994,1	-
Public sector	MDH	2010	0,0	0,0	-
Private sector	MDH	2010	994,1	994,1	-
Loans- liabilities	MDH	2010	-182 883,3	-159 764,8	14,5
General government	MDH	2010	-92 325,0	-78 738,0	17,3
Banks	MDH	2010	-2 751,4	-3 042,9	-9,6
Other sectors	MDH	2010	-87 806,9	-77 983,9	12,6
Public sector	MDH	2010	-79 709,0	-71 844,0	10,9
Private sector	MDH	2010	-8 097,9	-6 139,9	31,9
Currency and deposits	MDH	2010	-14 871,1	706,6	-2204,6
Assets	MDH	2010	13 538,0	21 788,7	-37,9
Liabilities	MDH	2010	-28 409,1	-21 082,1	34,8
Other assets	MDH	2010	730,3	724,5	0,8
Autres engagements	MDH	2010	-7 225,0	-6 918,0
Reserv assets	MDH	2010	197 342,0	185 337,0	6,5
E-Exchange rate (quotidien)						Bank Al-Maghrib
GROSS EXTERNAL DEBT
I - General Government	MDH	Q3/11	95 242,9	94 729,2	0,5	Ministry of Economy and Finance
a) Short-term	MDH	Q3/11	0,0	0,0
Money market instruments	MDH	Q3/11
Loans	MDH	Q3/11
Trade credits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11
b) Long term	MDH	Q3/11	95 242,9	94 729,2	0,0
Bonds and notes	MDH	Q3/11	12 005,8	14 993,5	-0,2
Loans	MDH	Q3/11	83 237,1	79 735,7	0,0
Trade credits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11
II - Monetary Authorities	MDH	Q3/11	10 013,9	9 714,9	0,0	Bank Al-Maghrib
a) Short-term	MDH	Q3/11	2 714,9	2 685,1	0,0
Money market instruments	MDH	Q3/11
Loans	MDH	Q3/11
Currency and deposits	MDH	Q3/11	2 714,9	2 685,1	0,0
Other debt liabilities	MDH	Q3/11
b) Long term	MDH	Q3/11	7 298,9	7 029,8	0,0
Bonds and notes	MDH	Q3/11
Loans	MDH	Q3/11
Currency and deposits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11	7 298,9	7 029,8	0,0
III - Banks	MDH	Q3/11	13 800,0	13 741,0	0,0	Bank Al-Maghrib
a) Short-term	MDH	Q3/11	12 592,5	11 803,0	0,1
Money market instruments	MDH	Q3/11
Loans	MDH	Q3/11	8 871,2	7 669,0	0,2
Currency and deposits	MDH	Q3/11	3 593,6	4 006,0	-0,1
Other debt liabilities	MDH	Q3/11	127,7	128,0	0,0
b) Long term	MDH	Q3/11	1 207,5	1 938,0	-0,4
Bonds and notes	MDH	Q3/11
Loans	MDH	Q3/11	1 207,5	1 938,0	-0,4
Currency and deposits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11
IV - Other Sectors	MDH	Q3/11	106 871,3	105 487,4	0,0
A- Public entreprises debt and guaranteed debt	MDH	Q3/11	85 431,0	82 540,6	0,0	Ministry of Economy and Finance
a) Short-term	MDH	Q3/11	0,0	0,0
Money market instruments	MDH	Q3/11
Loans	MDH	Q3/11
Currency and deposits	MDH	Q3/11
Trade credits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11
b) Long term	MDH	Q3/11	85 431,0	82 540,6	0,04
Bonds and notes	MDH	Q3/11
Loans	MDH	Q3/11	85 431,0	82 540,6	0,0
Currency and deposits	MDH	Q3/11
Trade credits	MDH	Q3/11
Other debt liabilities	MDH	Q3/11
B- Private debt non guaranteed by the Government	MDH	Q3/11	21 440,3	22 946,8	-6,6	Office des Changes
a) Short-term	MDH	Q3/11	14 275,9	15 622,8	-8,6
Money market instruments	MDH	Q3/11
Loans	MDH	Q3/11	423,0	921,1	-54,1
Currency and deposits	MDH	Q3/11
Trade credits	MDH	Q3/11	13 852,9	14 701,7	-5,8
Other debt liabilities	MDH	Q3/11
b) Long term	MDH	Q3/11	7 164,4	7 324,0	-2,2
Bonds and notes	MDH	Q3/11
Loans	MDH	Q3/11	7 141,4	7 302,2	-2,2
Currency and deposits	MDH	Q3/11
Trade credits	MDH	Q3/11	23,0	21,8	5,5
Other debt liabilities	MDH	Q3/11
V - Direct Investment	MDH	Q3/11	16 059,9	15 456,6	3,9
Debt liabilities to direct investors	MDH	Q3/11	16 059,9	15 456,6	3,9
Gross external debt	MDH	Q3/11	241 987,9	239 129,1	1,2
POPULATION
Population	Thousands	2004	29 839	29 520	1,1	Haut Commissariat au Plan
* Changes in balances are expressed in millions of dirhams (MDH)