MOROCCO : Economic and Financial Data
                   
             
         
            Date of last update:
            September 30th, 2026
             
             
             
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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   Q2/26 350.273 347.396 0,8  
Agriculture and forestry   MDH   Q2/26 34.015 33.406 1,8  
Fishing   MDH   Q2/26 1.257 1.302 -3,5  
Mining and quarrying   MDH   Q2/26 4.728 6.119 -22,7  
Manufacturing   MDH   Q2/26 45.712 45.476 0,5  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q2/26 7.925 7.595 4,3  
Construction   MDH   Q2/26 17.864 17.342 3,0  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q2/26 34.091 34.479 -1,1  
Transportation and storage   MDH   Q2/26 9.856 9.797 0,6  
Accommodation and food service activities   MDH   Q2/26 15.077 13.921 8,3  
Information and communication   MDH   Q2/26 10.325 10.118 2,0  
Financial and insurance activities   MDH   Q2/26 19.780 19.782 0,0    
Real estate activities   MDH   Q2/26 22.677 22.582 0,4    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q2/26 17.460 17.032 2,5    
Public administration and defence; compulsory social security   MDH   Q2/26 37.032 36.757 0,7    
Education, human health and social work activities   MDH   Q2/26 29.294 28.907 1,3  
Other service activities   MDH   Q2/26 4.081 4.020 1,5  
             
b) GDP at current prices   MDH   Q2/26 442.867 436.788 1,4  
Agriculture and forestry   MDH   Q2/26 52.289 52.527 -0,5  
Fishing   MDH   Q2/26 2.475 2.588 -4,4  
Mining and quarrying   MDH   Q2/26 6.925 7.991 -13,3  
Manufacturing   MDH   Q2/26 60.505 59.758 1,3  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q2/26 10.309 9.293 10,9  
Construction   MDH   Q2/26 25.641 24.359 5,3  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q2/26 45.918 47.043 -2,4  
Transportation and storage   MDH   Q2/26 13.839 13.378 3,4  
Accommodation and food service activities   MDH   Q2/26 20.329 18.413 10,4  
Information and communication   MDH   Q2/26 9.293 9.104 2,1  
Financial and insurance activities   MDH   Q2/26 21.051 20.960 0,4  
Real estate activities   MDH   Q2/26 26.102 25.909 0,7    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q2/26 22.831 22.423 1,8    
Public administration and defence; compulsory social security   MDH   Q2/26 39.540 39.035 1,3    
Education, human health and social work activities   MDH   Q2/26 32.067 31.182 2,8    
Other service activities   MDH   Q2/26 4.760 4.604 3,4    
II- Production index              
  Manufacturing production index 2015=100   Q2/26 115,6 118,5 -2,4  
III- Labour Market             
  Active population employed Thousands   Q2/26 10.643 10.364 2,7    
  Unemployement rate   %   Q2/26 9,5% 10,8%      
   Wages index 2004=100   Q2/26 183,3 178,4 2,7  
IV- Price Indices                
  Consumer prices   2017=100 Aug/26 119,6 118,7 0,8  
  Producer prices   2018=100 Aug/26 118,9 118,4 0,4  
             
Fiscal Sector
I- General Government or Public Sector Operations           Ministry of Economy and Finance
Revenue MDH 2019 420.584 412.721 7.863,2  
Expense MDH 2019 378.053 358.664 19.388,8  
Net operating balance MDH 2019 42.531 54.057 -11.525,6  
Net investment in nonfinancial assests MDH 2019 74.627 75.989 -1.361,8  
Net lending/net borrowing MDH 2019 -32.096 -21.932 -10.163,7  
Net acquisition of financial assets MDH 2019 27.213 28.073 -860,4  
Net incurrence of liabilities MDH 2019 59.309 50.006 9.303,3  
II- Central Government Operations *             Ministry of Economy and Finance
1- Revenues   MDH Aug/26 280.447 254.935 10,0    
2- Current expenditures   MDH Aug/26 268.230 242.024 10,8    
  Of which : interest on domestic debt   MDH Aug/26 27.868 25.625 8,8    
                      interest on external debt   MDH Aug/26 6.845 6.194 10,5    
3-(Surplus+/Deficit-) balance   MDH Aug/26 -58.556 -59.491 -1,6    
4-Net Domestic Financing   MDH Aug/26 39.446 41.657      
5-Net Foreign Financing   MDH Aug/26 26.407 33.973      
III- Central Government Debt             Ministry of Economy and Finance
1- Outstanding debt by maturity                
 Domestic debt   MDH   Q2/26      862.341,94         867.178,97   -           0,56      
  Short-term debt (< 1 year)   MDH   Q2/26          99.597,4             90.360,2             10,22      
  Medium and long-term debt (> 1 year)   MDH   Q2/26        762.744,6           776.818,7   -           1,81      
 External debt   MDH   Q2/26 328.039,2 302.574,3 8,4    
  Short-term debt (< 1 year)   MDH   Q2/26 12.993,0 12.851,0 1,1    
  Medium and long-term debt (> 1 year)   MDH   Q2/26 315.046,2 289.723,3 8,7    
 Total outstanding debt   MDH   Q2/26 1.190.381,2 1.169.753,3             1,76      
2- Outstanding external debt by currency              
 * Dollar US   MDH   Q2/26 82.468,6 82.771,6 -0,4    
 * Euro   MDH   Q2/26 218.789,4 191.897,0 14,0    
 * Japanese Yen   MDH   Q2/26 4.775,3 4.849,5 -1,5    
 * Other currencies   MDH   Q2/26 22.005,9 23.056,2 -4,6    
3- Outstanding guaranteed debt   MDH   Q2/26 144.274,7 147.040,7 -           1,88      
         Domestic   MDH   Q2/26             28.827                28.958   -           0,45    
         External   MDH   Q2/26 115.448,1 118.083,0 -2,2  
             
Financial Sector
A/ Depository Corporations Survey             Bank Al-Maghrib
M1 MDH Aug/26 1.669.033 1.657.500 0,7    
M2 MDH Aug/26 1.868.710 1.857.021 0,6    
M3 MDH Aug/26 2.215.675 2.191.120 1,1    
 Net Foreign Assets MDH Aug/26 549.916 536.212 2,6    
Claims on nonresidents MDH Aug/26 621.065 605.629 2,5  
Liabilities to nonresidents MDH Aug/26 71.149 69.417 2,5  
Domestic claims MDH Aug/26 1.980.915 1.971.585 0,5    
               -  Net claims on central government MDH Aug/26 378.296 373.741 1,2    
                - Claims on other sectors MDH Aug/26 1.602.619 1.597.844 0,3    
Claims on state and local government MDH Aug/26 55.590 54.914 1,2  
Claims on other financial corporations MDH Aug/26 475.823 475.121 0,1  
Claims on public nonfinancial corporations MDH Aug/26 110.408 109.679 0,7  
Claims on private sector MDH Aug/26 960.798 958.129 0,3  
Less : resources of a non monetary nature MDH Aug/26 346.731 340.723 1,8  
         other items (net) MDH Aug/26 51.779 59.307 -12,7  
B/ Central Bank Survey           Bank Al-Maghrib
Claims on nonresidents MDH Aug/26 504.264 502.295 0,4  
Liabilities to nonresidents MDH Aug/26 21.104 21.608 -2,3  
Claims on other depository corporations MDH Aug/26 155.373 149.692 3,8  
Net claims on central government MDH Aug/26 -4.378 -4.938 -11,3  
Claims on other sectors MDH Aug/26 1.218 1.343 -9,3  
Monetary base MDH Aug/26 600.243 595.285 0,8  
Other liabilities to other depository corporations MDH Aug/26 0 0 0,0  
Less : resources of a non monetary nature MDH Aug/26 33.106 29.375 12,7  
Other items (net) MDH Aug/26 2.023 2.123 -4,7  
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   Q2/26 -26.695 -5.313 -21.382,0  
  Exports of goods (FOB)   MDH   Q2/26 208.946 184.342 24.604,0  
  Imports of goods (FOB)   MDH   Q2/26 -263.393 -221.358 -42.035,0  
  Goods: credit   MDH   Q2/26 121.618 106.999 14.619,0  
  Goods: debit   MDH   Q2/26 -220.110 -182.734 -37.376,0  
  Services: credit   MDH   Q2/26 87.328 77.343 9.985,0  
  Services: debit   MDH   Q2/26 -43.283 -38.624 -4.659,0  
  Primary Income: credit   MDH   Q2/26 3.567 3.165 402,0  
  Primary Income: debit   MDH   Q2/26 -12.166 -6.314 -5.852,0  
  Secondary Income: credit   MDH   Q2/26 39.365 36.253 3.112,0  
  Secondary Income: debit   MDH   Q2/26 -3.014 -1.401 -1.613,0  
 Capital account   MDH   Q2/26 0 0 0,0  
  Capital account: credit   MDH   Q2/26 0 0 0,0  
  Capital account: debit   MDH   Q2/26 0 0 0,0  
 Financial account    MDH   Q2/26 -16.389 1.279 -17.668,0  
  Direct investment: assets   MDH   Q2/26 3.540 2.659 881,0  
  Direct investment: liabilities   MDH   Q2/26 -15.127 -14.904 -223,0  
  Portfolio investment: assets   MDH   Q2/26 4.848 -530 5.378,0  
  Portfolio investment: liabilities   MDH   Q2/26 -36.933 3.360 -40.293,0  
  Financial Derrivatives: assets   MDH   Q2/26 -630 -757 127,0  
  Financial Derrivatives: liabilities   MDH   Q2/26 555 430 125,0  
  Other investment: assets   MDH   Q2/26 -9.328 10.737 -20.065,0  
  Other investment: liabilities   MDH   Q2/26 -2.476 -7.413 4.937,0  
  Reserve assets   MDH   Q2/26 39.162 7.697 31.465,0  
 Net errors and omissions   MDH   Q2/26 10.306 6.592 3.714,0  
B- International reserves and foreign currency liquidity             Bank Al-Maghrib
 I- International reserves              
Gold MDH Aug/26 29.443 26.929 9,3  
SDR's MDH Aug/26 18.666 18.740 -0,4    
Foreign currencies MDH Aug/26 449.793 450.412 -0,1    
IMF reserve position MDH Aug/26 1.911 1.908 0,1    
Total MDH Aug/26 499.813 497.989 0,4    
 II- Reserves Template    Aug/26        
C- Merchandise Trade            Office des Changes
 Total exports (FOB)   MDH Aug/26 35.139 38.755 -9,3    
 Total imports (CAF)   MDH Aug/26 73.505 85.100 -13,6    
D- International Investment position             Office des Changes
Direct investment    MDH   Q2/26 -654.348,5 -643.304,1 1,7  
Assets   MDH   Q2/26 118.270,3 114.741,6 3,1  
 Equity and investment fund shares    MDH   Q2/26        81.078,10           77.809,10   4,2  
  Direct investor in direct investment  enterprises   MDH   Q2/26        81.078,10           77.809,10   4,2  
 Debt instruments   MDH   Q2/26        37.192,20           36.932,50   0,7  
  Direct investor in direct investment enterprises   MDH   Q2/26        37.192,20           36.932,50   0,7  
Liabilities   MDH   Q2/26 772.618,8 758.045,7 1,9  
 Equity and investment fund shares    MDH   Q2/26      651.381,20         644.952,80   1,0  
  Direct investor in direct investment  enterprises   MDH   Q2/26      651.381,20         644.952,80   1,0  
 Debt instruments   MDH   Q2/26      121.237,60         113.092,90   7,2  
  Direct investor in direct investment enterprises   MDH   Q2/26      121.237,60         113.092,90   7,2  
Portfolio investment    MDH   Q2/26 -201.201,3 -166.455,6 20,9  
Assets   MDH   Q2/26 32.755,7 28.033,5 16,8  
 Equity and investment fund shares    MDH   Q2/26        13.921,30           12.878,80   8,1  
 Deposit-taking corporations, except central bank   MDH   Q2/26          1.098,00             1.078,20   1,8  
 Other sectors   MDH   Q2/26        12.823,30           11.800,60   8,7  
  Other financial corporations   MDH   Q2/26          4.357,70             3.305,70   31,8  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26          8.465,60             8.494,90   -0,3  
 Debt securities    MDH   Q2/26        18.834,40           15.154,70   24,3  
 Deposit-taking corporations, except central bank   MDH   Q2/26        17.456,40           13.776,80   26,7  
 Other sectors   MDH   Q2/26          1.378,00             1.377,90   0,0  
  Other financial corporations   MDH   Q2/26          1.368,70             1.368,60   0,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26                 9,30                    9,30   -  
Liabilities   MDH   Q2/26 233.957,0 194.489,1 20,3  
 Equity and investment fund shares    MDH   Q2/26        48.325,00           47.144,10   2,5  
 Deposit-taking corporations, except central bank   MDH   Q2/26        17.552,20           17.588,90   -0,2  
 Other sectors   MDH   Q2/26        30.772,80           29.555,20   4,1  
  Other financial corporations   MDH   Q2/26          5.918,60             5.164,60   14,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26        24.854,20           24.390,60   1,9  
 Debt securities    MDH   Q2/26      185.632,00         147.345,00   26,0  
 Deposit-taking corporations, except central bank   MDH   Q2/26                                -                                     -      #DIV/0!  
 General government   MDH   Q2/26      115.628,00           91.950,00   25,8  
 Other sectors   MDH   Q2/26        70.004,00           55.395,00   26,4  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26        70.004,00           55.395,00   26,4  
Financial derivatives (other than reserves) and employee stock options    MDH   Q2/26 80,2 87,5 -8,3  
Assets   MDH   Q2/26 362,5 406,6 -10,8  
Liabilities   MDH   Q2/26 282,3 319,1 -11,5  
Other investment    MDH   Q2/26 -417.893,3 -414.051,1 0,9  
 Other equity    MDH   Q2/26 6.021,2 4.924,2 22,3  
Assets   MDH   Q2/26 6.021,2 4.924,2 22,3  
Liabilities   MDH   Q2/26                                -                                     -      -  
 Currency and deposits    MDH   Q2/26 35.023,0 43.532,2 -19,5  
Assets   MDH   Q2/26 80.882,3 90.600,1 -10,7  
 Central banks   MDH   Q2/26             913,40                432,20   111,3  
 Deposit-taking corporations, except central bank   MDH   Q2/26        77.430,60           87.607,40   -11,6  
 Other sectors   MDH   Q2/26          2.538,30             2.560,50   -0,9  
  Other financial corporations   MDH   Q2/26               40,30                  40,00   0,7  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26          2.498,00             2.520,50   -0,9  
Liabilities   MDH   Q2/26 45.859,3 47.067,9 -2,6  
 Central banks   MDH   Q2/26          4.136,30             2.579,30   60,4  
 Deposit-taking corporations, except central bank   MDH   Q2/26        41.723,00           44.488,60   -6,2  
 Loans    MDH   Q2/26 -399.202,1 -405.188,1 -1,5  
Assets   MDH   Q2/26 648,6 659,0 -1,6  
 Deposit-taking corporations, except central bank   MDH   Q2/26             648,60                659,00   -1,6  
Liabilities   MDH   Q2/26 399.850,7 405.847,1 -1,5  
 Central banks   MDH   Q2/26                                -                                     -      #DIV/0!  
 Deposit-taking corporations, except central bank   MDH   Q2/26          9.366,40             9.871,40   -5,1  
 General government   MDH   Q2/26      215.716,00         213.675,00   1,0  
 Other sectors   MDH   Q2/26      174.768,30         182.300,70   -4,1  
  Other financial corporations   MDH   Q2/26             580,00                549,10   5,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26      174.188,30         181.751,60   -4,2  
 Insurance, pension, and standardized guarantee schemes    MDH   Q2/26 907,9 716,7 26,7  
Assets   MDH   Q2/26 4.046,9 3.961,5 2,2  
Liabilities   MDH   Q2/26 3.139,0 3.244,8 -3,3  
 Trade credit and advances    MDH   Q2/26 -42.497,0 -39.928,1 6,4  
Assets   MDH   Q2/26 23.545,2 23.445,0 0,4  
 Other sectors   MDH   Q2/26        23.545,20           23.445,00   0,4  
   Nonfinancial corporations, households, and NPISHs   MDH   Q2/26        23.545,20           23.445,00   0,4  
Liabilities   MDH   Q2/26 66.042,2 63.373,1 4,2  
 Other sectors   MDH   Q2/26        66.042,20           63.373,10   4,2  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/26        66.042,20           63.373,10   4,2  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q2/26 -70,0 -70,0 0,0  
Liabilities   MDH   Q2/26 0,0 0,0 #DIV/0!  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q2/26 70,0 70,0 0,0  
 Other accounts receivable / payable   MDH   Q2/26 -18.076,3 -18.038,0 0,2  
Assets   MDH   Q2/26 18.076,3 18.038,0 0,2  
Liabilities   MDH   Q2/26        18.076,30           18.038,00   0,2  
Reserve assets    MDH   Q2/26 497.338,7 457.827,4 8,6  
Net International Investment Position   MDH   Q2/26 -776.024,2 -765.895,9 1,3  
E- Exchange rate (quotidien)             Bank Al-Maghrib
             
GROSS EXTERNAL DEBT
I - General Government   MDH   Q2/26 331.344,1 305.625,4 8,4% Ministry of Economy and Finance
a) Short-term   MDH   Q2/26 0,0 0,0      
   Money market instruments   MDH   Q2/26          
   Loans   MDH   Q2/26          
   Trade credits   MDH   Q2/26        
   Other debt liabilities   MDH   Q2/26          
b) Long term   MDH   Q2/26 331.344,1 305.625,4 8,4%    
   Bonds and notes   MDH   Q2/26 115.628,3 91.949,8 25,8%    
   Loans   MDH   Q2/26 215.715,8 213.675,6 1,0%    
   Trade credits   MDH   Q2/26        
   Other debt liabilities   MDH   Q2/26          
II - Monetary Authorities   MDH   Q2/26 22.212,6 20.617,4 7,7% Bank Al-Maghrib
a) Short-term   MDH   Q2/26 4.136,3 2.579,3 60,4%    
   Money market instruments   MDH   Q2/26          
   Loans   MDH   Q2/26          
   Currency and deposits   MDH   Q2/26 4.136,3 2.579,3 60,4%    
   Other debt liabilities   MDH   Q2/26          
b) Long term   MDH   Q2/26 18.076,3 18.038,0 0,2%    
   Bonds and notes   MDH   Q2/26          
   Loans   MDH   Q2/26 0,0 0,0      
   Currency and deposits   MDH   Q2/26          
   Other debt liabilities   MDH   Q2/26 18.076,3 18.038,0 0,2%    
III - Banks   MDH   Q2/26 23.140,1 25.016,8 -7,5% Bank Al-Maghrib
a) Short-term   MDH   Q2/26 11.094,2 12.224,5 -9,2%    
   Money market instruments   MDH   Q2/26          
   Loans   MDH   Q2/26 3.589,7 3.297,9 8,8%    
   Currency and deposits   MDH   Q2/26 7.281,9 8.706,0 -16,4%    
   Other debt liabilities   MDH   Q2/26 222,5 220,6 0,9%    
b) Long term   MDH   Q2/26 12.045,9 12.792,3 -5,8%    
   Bonds and notes   MDH   Q2/26          
   Loans   MDH   Q2/26 12.045,9 12.792,3 -5,8%    
   Currency and deposits   MDH   Q2/26          
   Other debt liabilities   MDH   Q2/26          
IV - Other Sectors   MDH   Q2/26 310.814,7 301.067,8 3,2%    
A- State owned entreprises debt and publicly guaranteed debt    MDH   Q2/26 225.296,2 218.174,0 3,3% Ministry of Economy and Finance
a) Short-term   MDH   Q2/26 0,0 0,0      
   Money market instruments   MDH   Q2/26          
   Loans   MDH   Q2/26          
   Currency and deposits   MDH   Q2/26          
   Trade credits   MDH   Q2/26        
   Other debt liabilities   MDH   Q2/26          
b) Long term   MDH   Q2/26 225.296,2 218.174,0 3,3%    
   Bonds and notes   MDH   Q2/26 70.004,2 55.394,7 26,4%    
   Loans   MDH   Q2/26 155.292,0 162.779,3 -4,6%    
   Currency and deposits   MDH   Q2/26          
   Trade credits   MDH   Q2/26        
   Other debt liabilities   MDH   Q2/26          
B- Private debt non guaranteed by the Government   MDH   Q2/26 85.518,5 82.893,8 3,2% Office des Changes
a) Short-term   MDH   Q2/26 66.042,2 63.373,1 4,2%    
   Money market instruments   MDH   Q2/26          
   Loans   MDH   Q2/26 0,0 0,0 -    
   Currency and deposits   MDH   Q2/26          
   Trade credits   MDH   Q2/26 66.042,2 63.373,1 4,2%  
   Other debt liabilities   MDH   Q2/26          
b) Long term   MDH   Q2/26 19.476,3 19.520,7 -0,2%    
   Bonds and notes   MDH   Q2/26          
   Loans   MDH   Q2/26 19.476,3 19.520,7 -0,2%    
   Currency and deposits   MDH   Q2/26          
   Trade credits   MDH   Q2/26 0,0 0,0 -  
   Other debt liabilities   MDH   Q2/26          
V - Direct Investment   MDH   Q2/26 121.237,6 113.092,9 7,2%    
 Debt liabilities to direct investors   MDH   Q2/26 121.237,6 113.092,9 7,2%    
Gross external debt   MDH   Q2/26 808.749,1 765.420,2 5,7%    
             
POPULATION
 Population   Thousands 2024 36.828 33.848 8,8 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).