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Money and Credit |
 |
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|
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
| MONEY (in million DH) |
|
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|
|
|
|
|
|
|
|
| Liquidity position (M1) |
150 272 |
167 528 |
181 263 |
210 112 |
229 078 |
251 137 |
275 771 |
316 577 |
371 287 |
447 587 |
481 350 |
| Change |
6,7% |
11,5% |
8,2% |
15,9% |
9,0% |
9,6% |
9,8% |
14,8% |
17,3% |
20,6% |
7,5% |
| M1 in % of GDP |
39,1% |
43,0% |
46,1% |
49,3% |
51,4% |
52,6% |
54,6% |
60,0% |
64,3% |
72,7% |
72,6% |
| Sight deposits (M2-M1) |
29 523 |
33 069 |
35 240 |
39 582 |
43 097 |
47 843 |
52 918 |
59 147 |
65 077 |
72 048 |
79 195 |
| Change |
13,6% |
12,0% |
6,6% |
12,3% |
8,9% |
11,0% |
10,6% |
11,8% |
10,0% |
10,7% |
9,9% |
| Time deposits (M3-M2) |
65 114 |
69 389 |
76 281 |
84 294 |
83 337 |
87 360 |
87 741 |
99 094 |
119 161 |
125 130 |
153 770 |
| Change |
1,5% |
6,6% |
9,9% |
10,5% |
-1,1% |
4,8% |
0,4% |
12,9% |
20,3% |
5,0% |
22,9% |
| FOREIGN ASSETS |
43 026 |
59 091 |
54 685 |
101 949 |
110 780 |
127 193 |
144 441 |
165 899 |
190 768 |
208 519 |
197 120 |
| Change |
5,8% |
37,3% |
-7,5% |
86,4% |
8,7% |
14,8% |
13,6% |
14,9% |
15,0% |
9,3% |
-5,5% |
| DOMESTIC LENDING |
265 726 |
274 460 |
300 164 |
301 780 |
314 230 |
332 741 |
344 217 |
380 076 |
428 955 |
529 137 |
630 639 |
| Change |
6,1% |
3,3% |
9,4% |
0,5% |
4,1% |
5,9% |
3,4% |
10,4% |
12,9% |
23,4% |
19,2% |
| CLAIMS ON THE TREASURY |
84 511 |
76 033 |
85 934 |
78 329 |
80 697 |
78 537 |
72 695 |
77 475 |
77 656 |
79 771 |
80 595 |
| Change |
-2,2% |
-10,0% |
13,0% |
-8,8% |
3,0% |
-2,7% |
-7,4% |
6,6% |
0,2% |
2,7% |
1,0% |
| Lending to the economy (including BAM) |
175 885 |
193 097 |
208 022 |
216 951 |
226 221 |
246 008 |
262 743 |
292 029 |
339 597 |
436 285 |
536 100 |
| Change |
10,3% |
9,8% |
7,7% |
4,3% |
4,3% |
8,7% |
6,8% |
11,1% |
16,3% |
28,5% |
22,9% |
| MONEY SUPPLY (M3) |
244 909 |
269 986 |
292 784 |
333 987 |
355 512 |
386 340 |
416 430 |
474 818 |
555 525 |
644 765 |
714 315 |
| Change |
6,0% |
10,2% |
8,4% |
14,1% |
6,4% |
8,7% |
7,8% |
14,0% |
17,0% |
16,1% |
10,8% |
| M3 in % of GDP |
63,7% |
69,3% |
74,4% |
78,3% |
79,8% |
81,0% |
82,5% |
90,0% |
96,2% |
104,8% |
107,7% |
| 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 |
| (PL + M3) en % du PIB |
72,6% |
79,4% |
81,4% |
86,6% |
88,7% |
88,6% |
90,6% |
97,8% |
106,2% |
113,0% |
114,1% |
| CREDIT (in million DH) |
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| BANKING LOANS TO THE ECONOMY |
167 602 |
183 530 |
200 553 |
208 647 |
216 474 |
234 531 |
251 441 |
284 333 |
332 081 |
429 465 |
529 696 |
| Change |
10,8% |
9,5% |
9,3% |
4,0% |
3,8% |
8,3% |
7,2% |
13,1% |
16,8% |
29,3% |
23,3% |
| in % of GDP |
43,6% |
47,1% |
51,0% |
48,9% |
48,6% |
49,2% |
49,8% |
53,9% |
57,5% |
69,8% |
79,8% |
| - Short term |
104 340 |
113 388 |
120 113 |
124 125 |
130 543 |
138 800 |
103 252 |
114 993 |
138 055 |
174205 |
|
| Structure in % |
62,3% |
61,8% |
59,9% |
59,5% |
60,3% |
59,2% |
41,1% |
40,4% |
41,6% |
40,6% |
|
| - Medium and Long term |
63 099 |
70 276 |
84 333 |
83 901 |
83 741 |
92 468 |
95 968 |
119 534 |
153 696 |
215056 |
|
| Structure in % |
37,6% |
38,3% |
42,1% |
40,2% |
38,7% |
39,4% |
38,2% |
42,0% |
46,3% |
50,1% |
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Source: DTFE |
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Updated: 14/05/2009 |
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