MOROCCO : Economic and Financial Data
                   
             
         
            Date of last update:
            June 7th, 2023
             
             
             
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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   Q4/22 300 978 301 285 -0,1  
Agriculture and forestry   MDH   Q4/22 24 858 24 850 0,0  
Fishing   MDH   Q4/22 1 392 956 45,5  
Mining and quarrying   MDH   Q4/22 5 616 6 073 -7,5  
Manufacturing   MDH   Q4/22 44 162 43 666 1,1  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q4/22 8 593 8 862 -3,0  
Construction   MDH   Q4/22 16 681 16 491 1,2  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q4/22 30 769 30 698 0,2  
Transportation and storage   MDH   Q4/22 8 717 9 082 -4,0  
Accommodation and food service activities   MDH   Q4/22 10 742 12 350 -13,0  
Information and communication   MDH   Q4/22 8 866 9 062 -2,2  
Financial and insurance activities   MDH   Q4/22 15 224 15 173 0,3    
Real estate activities   MDH   Q4/22 20 882 20 684 1,0    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q4/22 14 644 13 642 7,4    
Public administration and defence; compulsory social security   MDH   Q4/22 31 933 32 134 -0,6    
Education, human health and social work activities   MDH   Q4/22 22 849 22 619 1,0  
Other service activities   MDH   Q4/22 4 522 3 382 33,7  
             
b) GDP at current prices   MDH   Q4/22 355 984 350 440 1,6  
Agriculture and forestry   MDH   Q4/22 36 043 33 409 7,9  
Fishing   MDH   Q4/22 2 245 1 568 43,1  
Mining and quarrying   MDH   Q4/22 6 720 8 665 -22,4  
Manufacturing   MDH   Q4/22 58 342 56 496 3,3  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q4/22 10 396 10 989 -5,4  
Construction   MDH   Q4/22 20 120 19 292 4,3  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q4/22 38 128 36 132 5,5  
Transportation and storage   MDH   Q4/22 12 060 11 349 6,3  
Accommodation and food service activities   MDH   Q4/22 12 855 14 659 -12,3  
Information and communication   MDH   Q4/22 7 907 8 049 -1,8  
Financial and insurance activities   MDH   Q4/22 14 511 14 408 0,7  
Real estate activities   MDH   Q4/22 23 477 23 484 0,0    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q4/22 16 333 15 260 7,0    
Public administration and defence; compulsory social security   MDH   Q4/22 33 000 32 800 0,6    
Education, human health and social work activities   MDH   Q4/22 23 774 23 490 1,2    
Other service activities   MDH   Q4/22 5 373 3 964 35,5    
II- Production index              
  Manufacturing production index 2015=100   Q4/22 122,6 110,8 10,6  
III- Labour Market             
  Active population employed Thousands   Q1/23 10 418 10 482 -0,6    
  Unemployement rate   %   Q1/23 12,9% 12,9%      
   Wages index 2004=100   Q4/22 156,5 150,2 4,2  
IV- Price Indices                
  Consumer prices   2017=100 Apr/23 118,5 116,9 1,4  
  Producer prices   2018=100 Apr/23 118,6 118,3 0,3  
             
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 Apr/23 97 513 96 019 1,6    
2- Current expenditures   MDH Apr/23 100 515 98 561 2,0    
  Of which : interest on domestic debt   MDH Apr/23 9 103 9 020 0,9    
                      interest on external debt   MDH Apr/23 2 017 876 130,3    
3-(Surplus+/Deficit-) balance   MDH Apr/23 -13 320 -11 393 16,9    
4-Net Domestic Financing   MDH Apr/23 -6 095 19 285      
5-Net Foreign Financing   MDH Apr/23 28 316 -184      
III- Central Government Debt             Ministry of Economy and Finance
1- Outstanding debt by maturity                
 Domestic debt   MDH   Q4/22        722 915,9           699 996,0               3,27      
  Short-term debt (< 1 year)   MDH   Q4/22        152 901,5           135 273,9             13,03      
  Medium and long-term debt (> 1 year)   MDH   Q4/22        570 014,4           564 722,1               0,94      
 External debt   MDH   Q4/22 228 858,9 225 227,0 1,6    
  Short-term debt (< 1 year)   MDH   Q4/22 23 877,0 23 877,0 0,0    
  Medium and long-term debt (> 1 year)   MDH   Q4/22 204 981,9 201 350,0 1,8    
 Total outstanding debt   MDH   Q4/22 951 774,8 925 223,0      
2- Outstanding external debt by currency              
 * Dollar US   MDH   Q4/22 72 177,9 76 830,9 -6,1    
 * Euro   MDH   Q4/22 146 121,6 138 286,9 5,7    
 * Japanese Yen   MDH   Q4/22 4 192,1 3 023,3 38,7    
 * Other currencies   MDH   Q4/22 6 367,3 7 085,9 -10,1    
3- Outstanding guaranteed debt   MDH   Q4/22 165 362,5 163 933,3      
         Domestic   MDH   Q4/22             32 048                32 418   -1,14  
         External   MDH   Q4/22 133 314,1 131 515,6 1,4  
             
Financial Sector
A/ Depository Corporations Survey             Bank Al-Maghrib
M1 MDH Apr/23 1 210 857 1 213 862 -0,2    
M2 MDH Apr/23 1 391 394 1 393 379 -0,1    
M3 MDH Apr/23 1 698 034 1 694 827 0,2    
 Net Foreign Assets MDH Apr/23 344 356 350 020 -1,6    
Claims on nonresidents MDH Apr/23 431 302 438 432 -1,6  
Liabilities to nonresidents MDH Apr/23 86 946 88 412 -1,7  
Domestic claims MDH Apr/23 1 580 561 1 578 696 0,1    
               -  Net claims on central government MDH Apr/23 329 143 329 469 -0,1    
                - Claims on other sectors MDH Apr/23 1 251 418 1 249 227 0,2    
Claims on state and local government MDH Apr/23 25 867 25 947 -0,3  
Claims on other financial corporations MDH Apr/23 307 199 312 576 -1,7  
Claims on public nonfinancial corporations MDH Apr/23 72 280 69 521 4,0  
Claims on private sector MDH Apr/23 846 072 841 183 0,6  
Less : resources of a non monetary nature MDH Apr/23 277 705 282 036 -1,5  
         other items (net) MDH Apr/23 32 532 35 207 -7,6  
B/ Central Bank Survey           Bank Al-Maghrib
Claims on nonresidents MDH Apr/23 362 302 366 037 -1,0  
Liabilities to nonresidents MDH Apr/23 42 244 42 618 -0,9  
Claims on other depository corporations MDH Apr/23 82 186 89 320 -8,0  
Net claims on central government MDH Apr/23 31 999 24 790 29,1  
Claims on other sectors MDH Apr/23 931 1 181 -21,1  
Monetary base MDH Apr/23 417 714 418 656 -0,2  
Other liabilities to other depository corporations MDH Apr/23 0 0 0,0  
Less : resources of a non monetary nature MDH Apr/23 18 639 21 356 -12,7  
Other items (net) MDH Apr/23 -1 178 -1 304 -9,6  
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   Q4/22 -1 318 -3 073 1 755,0  
  Exports of goods (FOB)   MDH   Q4/22 159 418 159 306 112,0  
  Imports of goods (FOB)   MDH   Q4/22 -188 964 -192 423 3 459,0  
  Goods: credit   MDH   Q4/22 94 131 88 828 5 303,0  
  Goods: debit   MDH   Q4/22 -160 643 -163 126 2 483,0  
  Services: credit   MDH   Q4/22 65 287 70 478 -5 191,0  
  Services: debit   MDH   Q4/22 -28 321 -29 297 976,0  
  Primary Income: credit   MDH   Q4/22 3 013 2 052 961,0  
  Primary Income: debit   MDH   Q4/22 -7 214 -9 548 2 334,0  
  Secondary Income: credit   MDH   Q4/22 34 357 39 083 -4 726,0  
  Secondary Income: debit   MDH   Q4/22 -1 928 -1 543 -385,0  
 Capital account   MDH   Q4/22 0 23 -23,0  
  Capital account: credit   MDH   Q4/22 0 23 -23,0  
  Capital account: debit   MDH   Q4/22 0 0 0,0  
 Financial account    MDH   Q4/22 18 402 -15 919 34 321,0  
  Direct investment: assets   MDH   Q4/22 1 977 1 806 171,0  
  Direct investment: liabilities   MDH   Q4/22 -1 592 -3 836 2 244,0  
  Portfolio investment: assets   MDH   Q4/22 260 691 -431,0  
  Portfolio investment: liabilities   MDH   Q4/22 9 521 208 9 313,0  
  Financial Derrivatives: assets   MDH   Q4/22 -445 -2 197 1 752,0  
  Financial Derrivatives: liabilities   MDH   Q4/22 845 2 254 -1 409,0  
  Other investment: assets   MDH   Q4/22 11 364 -12 722 24 086,0  
  Other investment: liabilities   MDH   Q4/22 -1 038 -6 790 5 752,0  
  Reserve assets   MDH   Q4/22 -2 490 4 667 -7 157,0  
 Net errors and omissions   MDH   Q4/22 19 720 -12 869 32 589,0  
B- International reserves and foreign currency liquidity             Bank Al-Maghrib
 I- International reserves              
Gold MDH May/23 14 164 14 216 -0,4  
SDR's MDH May/23 18 897 19 201 -1,6    
Foreign currencies MDH May/23 318 188 323 211 -1,6    
IMF reserve position MDH May/23 1 990 2 000 -0,5    
Total MDH May/23 353 238 358 628 -1,5    
 II- Reserves Template    Apr/23        
C- Merchandise Trade            Office des Changes
 Total exports (FOB)   MDH Apr/23             35 299                40 857   -13,6    
 Total imports (CAF)   MDH Apr/23             54 875                65 808   -16,6    
D- International Investment position             Office des Changes
Direct investment    MDH   Q4/22 -584 713,7 -600 423,0 -2,6  
Assets   MDH   Q4/22 76 413,4 74 262,2 2,9  
 Equity and investment fund shares    MDH   Q4/22        67 194,99           66 430,49   1,2  
  Direct investor in direct investment  enterprises   MDH   Q4/22        67 194,99           66 430,49   1,2  
 Debt instruments   MDH   Q4/22          9 218,39             7 831,69   17,7  
  Direct investor in direct investment enterprises   MDH   Q4/22          9 218,39             7 831,69   17,7  
Liabilities   MDH   Q4/22 661 127,1 674 685,2 -2,0  
 Equity and investment fund shares    MDH   Q4/22      582 824,10         598 292,80   -2,6  
  Direct investor in direct investment  enterprises   MDH   Q4/22      582 824,10         598 292,80   -2,6  
 Debt instruments   MDH   Q4/22        78 302,98           76 392,39   2,5  
  Direct investor in direct investment enterprises   MDH   Q4/22        78 302,98           76 392,39   2,5  
Portfolio investment    MDH   Q4/22 -116 027,6 -130 356,4 -11,0  
Assets   MDH   Q4/22 13 771,9 13 450,4 2,4  
 Equity and investment fund shares    MDH   Q4/22        13 498,10           13 180,70   2,4  
 Deposit-taking corporations, except central bank   MDH   Q4/22             931,70                987,90   -5,7  
 Other sectors   MDH   Q4/22        12 566,40           12 192,80   3,1  
  Other financial corporations   MDH   Q4/22          4 613,70             4 252,30   8,5  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22          7 952,70             7 940,50   0,2  
 Debt securities    MDH   Q4/22             273,80                269,70   1,5  
 Deposit-taking corporations, except central bank   MDH   Q4/22             273,80                269,70   1,5  
 Other sectors   MDH   Q4/22                                -                                     -      #DIV/0!  
  Other financial corporations   MDH   Q4/22                                -                                     -      #DIV/0!  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22                                -                                     -      -  
Liabilities   MDH   Q4/22 129 799,5 143 806,8 -9,7  
 Equity and investment fund shares    MDH   Q4/22        30 101,50           29 077,80   3,5  
 Deposit-taking corporations, except central bank   MDH   Q4/22        10 707,80           10 183,10   5,2  
 Other sectors   MDH   Q4/22        19 393,70           18 894,70   2,6  
  Other financial corporations   MDH   Q4/22          2 049,60             1 943,20   5,5  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22        17 344,10           16 951,50   2,3  
 Debt securities    MDH   Q4/22        99 698,00         114 729,00   -13,1  
 Deposit-taking corporations, except central bank   MDH   Q4/22                                -                                     -      #DIV/0!  
 General government   MDH   Q4/22        66 115,00           78 034,00   -15,3  
 Other sectors   MDH   Q4/22        33 583,00           36 695,00   -8,5  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22        33 583,00           36 695,00   -8,5  
Financial derivatives (other than reserves) and employee stock options    MDH   Q4/22 313,6 1 219,4 -74,3  
Assets   MDH   Q4/22 658,5 1 526,4 -56,9  
Liabilities   MDH   Q4/22 344,9 307,0 12,3  
Other investment    MDH   Q4/22 -428 737,8 -445 680,2 -3,8  
 Other equity    MDH   Q4/22 4 529,2 4 527,7 0,0  
Assets   MDH   Q4/22 4 529,2 4 527,7 0,0  
Liabilities   MDH   Q4/22                                -                                     -      -  
 Currency and deposits    MDH   Q4/22 9 208,5 -5 321,9 -273,0  
Assets   MDH   Q4/22 62 606,3 54 510,5 14,9  
 Central banks   MDH   Q4/22             908,20                873,20   4,0  
 Deposit-taking corporations, except central bank   MDH   Q4/22        59 387,10           51 652,80   15,0  
 Other sectors   MDH   Q4/22          2 311,00             1 984,50   16,5  
  Other financial corporations   MDH   Q4/22               37,10                  36,00   3,1  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22          2 273,90             1 948,50   16,7  
Liabilities   MDH   Q4/22 53 397,8 59 832,4 -10,8  
 Central banks   MDH   Q4/22          2 919,10             2 803,80   4,1  
 Deposit-taking corporations, except central bank   MDH   Q4/22        50 478,70           57 028,60   -11,5  
 Loans    MDH   Q4/22 -372 367,0 -352 754,6 5,6  
Assets   MDH   Q4/22 657,4 753,2 -12,7  
 Deposit-taking corporations, except central bank   MDH   Q4/22             657,40                753,20   -12,7  
Liabilities   MDH   Q4/22 373 024,4 353 507,8 5,5  
 Central banks   MDH   Q4/22        20 940,80           21 144,90   -1,0  
 Deposit-taking corporations, except central bank   MDH   Q4/22          9 060,80             7 370,00   22,9  
 General government   MDH   Q4/22      165 235,00         149 627,00   10,4  
 Other sectors   MDH   Q4/22      177 787,80         175 365,90   1,4  
  Other financial corporations   MDH   Q4/22             737,00                725,20   1,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22      177 050,80         174 640,70   1,4  
 Insurance, pension, and standardized guarantee schemes    MDH   Q4/22 412,9 144,4 185,9  
Assets   MDH   Q4/22 3 511,3 3 356,8 4,6  
Liabilities   MDH   Q4/22 3 098,4 3 212,4 -3,5  
 Trade credit and advances    MDH   Q4/22 -50 726,0 -72 240,0 -29,8  
Assets   MDH   Q4/22 33 052,0 29 470,0 12,2  
 Other sectors   MDH   Q4/22        33 052,00           29 470,00   12,2  
   Nonfinancial corporations, households, and NPISHs   MDH   Q4/22        33 052,00           29 470,00   12,2  
Liabilities   MDH   Q4/22 83 778,0 101 710,0 -17,6  
 Other sectors   MDH   Q4/22        83 778,00         101 710,00   -17,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q4/22        83 778,00         101 710,00   -17,6  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q4/22 -70,0 -70,0 0,0  
Liabilities   MDH   Q4/22 0,0 0,0 #DIV/0!  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q4/22 70,0 70,0 0,0  
 Other accounts receivable / payable   MDH   Q4/22 -19 725,4 -19 965,8 -1,2  
Assets   MDH   Q4/22 19 725,4 19 965,8 -1,2  
Liabilities   MDH   Q4/22        19 725,40           19 965,80   -1,2  
Reserve assets    MDH   Q4/22 337 645,1 340 731,6 -0,9  
Net International Investment Position   MDH   Q4/22 -791 520,4 -834 508,6 -5,2  
E- Exchange rate (quotidien)             Bank Al-Maghrib
             
GROSS EXTERNAL DEBT
I - General Government   MDH   Q4/22 231 350,1 227 661,1 1,6% Ministry of Economy and Finance
a) Short-term   MDH   Q4/22 0,0 0,0      
   Money market instruments   MDH   Q4/22          
   Loans   MDH   Q4/22          
   Trade credits   MDH   Q4/22        
   Other debt liabilities   MDH   Q4/22          
b) Long term   MDH   Q4/22 231 350,1 227 661,1 1,6%    
   Bonds and notes   MDH   Q4/22 66 114,7 78 033,6 -15,3%    
   Loans   MDH   Q4/22 165 235,4 149 627,5 10,4%    
   Trade credits   MDH   Q4/22        
   Other debt liabilities   MDH   Q4/22          
II - Monetary Authorities   MDH   Q4/22 42 904,0 43 029,3 -0,3% Bank Al-Maghrib
a) Short-term   MDH   Q4/22 2 919,1 2 803,9 4,1%    
   Money market instruments   MDH   Q4/22          
   Loans   MDH   Q4/22          
   Currency and deposits   MDH   Q4/22 2 919,1 2 803,9 4,1%    
   Other debt liabilities   MDH   Q4/22          
b) Long term   MDH   Q4/22 39 984,9 40 225,5 -0,6%    
   Bonds and notes   MDH   Q4/22          
   Loans   MDH   Q4/22 20 259,5 20 259,6      
   Currency and deposits   MDH   Q4/22          
   Other debt liabilities   MDH   Q4/22 19 725,4 19 965,8 -1,2%    
III - Banks   MDH   Q4/22 29 113,1 33 383,3 -12,8% Bank Al-Maghrib
a) Short-term   MDH   Q4/22 17 206,9 22 638,4 -24,0%    
   Money market instruments   MDH   Q4/22          
   Loans   MDH   Q4/22 15 194,4 18 549,2 -18,1%    
   Currency and deposits   MDH   Q4/22 1 805,4 3 884,6 -53,5%    
   Other debt liabilities   MDH   Q4/22 207,2 204,6 1,2%    
b) Long term   MDH   Q4/22 11 906,2 10 744,9 10,8%    
   Bonds and notes   MDH   Q4/22          
   Loans   MDH   Q4/22 11 906,2 10 744,9 10,8%    
   Currency and deposits   MDH   Q4/22          
   Other debt liabilities   MDH   Q4/22          
IV - Other Sectors   MDH   Q4/22 295 148,8 313 771,2 -5,9%    
A- State owned entreprises debt and publicly guaranteed debt    MDH   Q4/22 187 461,0 187 367,3 0,1% Ministry of Economy and Finance
a) Short-term   MDH   Q4/22 0,0 0,0      
   Money market instruments   MDH   Q4/22          
   Loans   MDH   Q4/22          
   Currency and deposits   MDH   Q4/22          
   Trade credits   MDH   Q4/22        
   Other debt liabilities   MDH   Q4/22          
b) Long term   MDH   Q4/22 187 461,0 187 367,3 0,1%    
   Bonds and notes   MDH   Q4/22 33 583,3 36 695,3 -8,5%    
   Loans   MDH   Q4/22 153 877,7 150 672,0 2,1%    
   Currency and deposits   MDH   Q4/22          
   Trade credits   MDH   Q4/22        
   Other debt liabilities   MDH   Q4/22          
B- Private debt non guaranteed by the Government   MDH   Q4/22 107 687,8 126 403,9 -14,8% Office des Changes
a) Short-term   MDH   Q4/22 83 778,0 101 710,0 -17,6%    
   Money market instruments   MDH   Q4/22          
   Loans   MDH   Q4/22 0,0 0,0 #DIV/0!    
   Currency and deposits   MDH   Q4/22          
   Trade credits   MDH   Q4/22 83 778,0 101 710,0 -17,6%  
   Other debt liabilities   MDH   Q4/22          
b) Long term   MDH   Q4/22 23 909,8 24 693,9 -3,2%    
   Bonds and notes   MDH   Q4/22          
   Loans   MDH   Q4/22 23 909,8 24 693,9 -3,2%    
   Currency and deposits   MDH   Q4/22          
   Trade credits   MDH   Q4/22 0,0 0,0 #DIV/0!  
   Other debt liabilities   MDH   Q4/22          
V - Direct Investment   MDH   Q4/22 78 303,0 76 392,4 2,5%    
 Debt liabilities to direct investors   MDH   Q4/22 78 303,0 76 392,4 2,5%    
Gross external debt   MDH   Q4/22 676 819,0 694 237,3 -2,5%    
             
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).