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|
 |
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|
Money and Credit |
 |
| |
|
|
|
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
| MONEY (in million DH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liquidity position (M1) |
150 272 |
167 528 |
181 263 |
217 067 |
244 577 |
269 473 |
293 352 |
331 088 |
387 583 |
459 722 |
491 842 |
528 495 |
552 289 |
| Change |
6,7% |
11,5% |
8,2% |
19,8% |
12,7% |
10,2% |
8,9% |
12,9% |
17,1% |
18,6% |
7,0% |
7,5% |
4,50% |
| M1 in % of GDP |
39,1% |
43,0% |
46,1% |
50,9% |
54,9% |
56,5% |
58,1% |
62,7% |
67,1% |
74,6% |
71,4% |
71,8% |
70,90% |
| Sight deposits (M2-M1) |
29 523 |
33 069 |
35 240 |
39 815 |
43 314 |
48 001 |
53 214 |
59 429 |
65 446 |
72 421 |
79 869 |
87 336 |
93 802 |
| Change |
13,6% |
12,0% |
6,6% |
13,0% |
8,8% |
10,8% |
10,9% |
11,7% |
10,1% |
10,7% |
10,3% |
9,3% |
7,40% |
| Time deposits (M3-M2) |
65 114 |
69 389 |
76 281 |
90 133 |
94 532 |
95 747 |
100 808 |
120 990 |
151 527 |
177 854 |
234 275 |
246 824 |
258 149 |
| Change |
1,5% |
6,6% |
9,9% |
18,2% |
4,9% |
1,3% |
5,3% |
20,0% |
25,2% |
17,4% |
31,7% |
5,4% |
4,60% |
| FOREIGN ASSETS |
43 026 |
59 091 |
54 685 |
91 631 |
101 210 |
125 460 |
143 829 |
165 997 |
191 537 |
208 069 |
197 099 |
192 714 |
192 742 |
| Change |
5,8% |
37,3% |
-7,5% |
67,6% |
10,5% |
24,0% |
14,6% |
15,4% |
15,4% |
8,6% |
-5,3% |
-2,2% |
0,00% |
| CLAIMS ON THE TREASURY |
84 511 |
76 033 |
85 934 |
83 900 |
88 740 |
88 715 |
83 006 |
91 509 |
96 507 |
101 087 |
99 897 |
91 337 |
91 943 |
| Change |
-2,2% |
-10,0% |
13,0% |
-2,4% |
5,8% |
0,0% |
-6,4% |
10,2% |
5,5% |
4,7% |
-1,2% |
-8,6% |
0,70% |
| Lending to the economy (including BAM) |
175 885 |
193 097 |
208 022 |
216 901 |
228 422 |
239 355 |
262 460 |
295 604 |
358 402 |
462 038 |
581 271 |
648 382 |
696 318 |
| Change |
10,3% |
9,8% |
7,7% |
4,3% |
5,3% |
4,8% |
9,7% |
12,6% |
21,2% |
28,9% |
25,8% |
11,5% |
7,40% |
| MONEY SUPPLY (M3) |
244 909 |
269 986 |
292 784 |
347 016 |
382 424 |
413 220 |
447 374 |
511 508 |
604 556 |
709 997 |
805 986 |
862 655 |
904 240 |
| Change |
6,0% |
10,2% |
8,4% |
18,5% |
10,2% |
8,1% |
8,3% |
14,3% |
18,2% |
17,4% |
13,5% |
7,0% |
4,80% |
| M3 in % of GDP |
63,7% |
69,3% |
74,4% |
81,4% |
85,9% |
86,6% |
88,6% |
96,9% |
104,7% |
115,2% |
117,0% |
117,2% |
116,10% |
| Liquid investment aggregates (Total LI) |
34 232 |
39 351 |
27 356 |
35 253 |
39 782 |
36 268 |
40 996 |
41 042 |
57 829 |
50 737 |
42 867 |
58 427 |
|
| (PL + M3) en % du PIB |
72,6% |
79,4% |
81,4% |
89,6% |
94,8% |
94,2% |
96,7% |
104,7% |
114,7% |
123,4% |
123,2% |
125,1% |
|
| CREDIT (in million DH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| BANKING LOANS TO THE ECONOMY |
167 602 |
183 530 |
200 553 |
215 837 |
227 324 |
238 756 |
261 823 |
295 066 |
357 810 |
461 415 |
580 618 |
647 674 |
695 350 |
| Change |
10,8% |
9,5% |
9,3% |
7,6% |
5,3% |
5,0% |
9,7% |
12,7% |
21,3% |
29,0% |
25,8% |
11,5% |
7,40% |
| in % of GDP |
43,6% |
47,1% |
51,0% |
50,6% |
51,0% |
50,1% |
51,8% |
55,9% |
62,0% |
74,9% |
84,3% |
88,0% |
- |
| - Short term |
104 340 |
113 388 |
120 113 |
124 125 |
130 543 |
138 800 |
103 252 |
114 993 |
138 055 |
174205 |
209730 |
217015 |
- |
| Structure in % |
62,3% |
61,8% |
59,9% |
57,5% |
57,4% |
58,1% |
39,4% |
39,0% |
38,6% |
37,8% |
40,4% |
40,4% |
- |
| - Medium and Long term |
63 099 |
70 276 |
84 333 |
83 901 |
83 741 |
92 468 |
95 968 |
119 534 |
153 696 |
215056 |
278411 |
319948 |
- |
| Structure in % |
37,6% |
38,3% |
42,1% |
38,9% |
36,8% |
38,7% |
36,7% |
40,5% |
43,0% |
46,6% |
53,6% |
53,6% |
- |
|
|
Source: DTFE |
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Updated: 16/05/2011 |
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