MOROCCO : Economic and Financial Data
                   
             
         
            Date of last update:
            November 30th, 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   Q2/23 299 124 303 643 -1,5  
Agriculture and forestry   MDH   Q2/23 28 484 29 278 -2,7  
Fishing   MDH   Q2/23 1 310 1 451 -9,7  
Mining and quarrying   MDH   Q2/23 5 915 6 017 -1,7  
Manufacturing   MDH   Q2/23 41 829 42 663 -2,0  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q2/23 8 804 8 398 4,8  
Construction   MDH   Q2/23 15 106 15 153 -0,3  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q2/23 30 055 31 028 -3,1  
Transportation and storage   MDH   Q2/23 8 217 7 819 5,1  
Accommodation and food service activities   MDH   Q2/23 10 202 9 794 4,2  
Information and communication   MDH   Q2/23 9 444 9 434 0,1  
Financial and insurance activities   MDH   Q2/23 15 176 15 239 -0,4    
Real estate activities   MDH   Q2/23 21 120 20 975 0,7    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q2/23 12 687 14 242 -10,9    
Public administration and defence; compulsory social security   MDH   Q2/23 33 968 33 332 1,9    
Education, human health and social work activities   MDH   Q2/23 24 393 23 993 1,7  
Other service activities   MDH   Q2/23 2 671 4 681 -42,9  
             
b) GDP at current prices   MDH   Q2/23 344 372 347 519 -0,9  
Agriculture and forestry   MDH   Q2/23 42 068 39 245 7,2  
Fishing   MDH   Q2/23 1 846 2 292 -19,5  
Mining and quarrying   MDH   Q2/23 6 374 9 178 -30,6  
Manufacturing   MDH   Q2/23 47 393 49 203 -3,7  
Electricity, gas, and water supply ; sewerage and waste management   MDH   Q2/23 7 322 7 127 2,7  
Construction   MDH   Q2/23 16 874 17 515 -3,7  
Wholesale and retail trade; repair of motor vehicles and motorcycles   MDH   Q2/23 39 179 39 106 0,2  
Transportation and storage   MDH   Q2/23 9 457 8 277 14,3  
Accommodation and food service activities   MDH   Q2/23 12 512 11 799 6,0  
Information and communication   MDH   Q2/23 8 499 8 515 -0,2  
Financial and insurance activities   MDH   Q2/23 15 585 15 822 -1,5  
Real estate activities   MDH   Q2/23 24 058 23 726 1,4    
Professional, scientific and technical activities ; Administrative and support service activities   MDH   Q2/23 15 452 16 754 -7,8    
Public administration and defence; compulsory social security   MDH   Q2/23 34 929 34 041 2,6    
Education, human health and social work activities   MDH   Q2/23 25 768 25 340 1,7    
Other service activities   MDH   Q2/23 3 057 5 322 -42,6    
II- Production index              
  Manufacturing production index 2015=100   Q2/23 107,0 114,2 -6,3  
III- Labour Market             
  Active population employed Thousands   Q2/23 10 939 10 418 5,0    
  Unemployement rate   %   Q3/23 13,5% 12,4%      
   Wages index 2004=100   Q2/23 159,7 157,7 1,3  
IV- Price Indices                
  Consumer prices   2017=100 Oct/23 118,6 118,7 -0,1  
  Producer prices   2018=100 Oct/23 119,3 119,6 -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 Oct/23 254 054 248 979 2,0    
2- Current expenditures   MDH Oct/23 241 946 238 551 1,4    
  Of which : interest on domestic debt   MDH Oct/23 22 799 23 092 -1,3    
                      interest on external debt   MDH Oct/23 6 768 3 331 103,2    
3-(Surplus+/Deficit-) balance   MDH Oct/23 -37 323 -30 446 22,6    
4-Net Domestic Financing   MDH Oct/23 16 624 23 385      
   Banks   Oct/23 10 311      
   Other   Oct/23        
5-Net Foreign Financing   MDH Oct/23 30 886 7 780      
III- Central Government Debt             Ministry of Economy and Finance
1- Outstanding debt by maturity                
 Domestic debt   MDH   Q2/23               765 250,9                  769 709,1   -0,58    
  Short-term debt (< 1 year)   MDH   Q2/23               131 909,3                  176 727,8   -25,36    
  Medium and long-term debt (> 1 year)   MDH   Q2/23               633 341,6                  592 981,3                      6,81      
 External debt   MDH   Q2/23 244 750,9 252 677,0 -3,1    
  Short-term debt (< 1 year)   MDH   Q2/23 20 979,0 10 788,0 94,5    
  Medium and long-term debt (> 1 year)   MDH   Q2/23 223 771,9 241 889,0 -7,5    
 Total outstanding debt   MDH   Q2/23 1 010 001,8 1 022 386,1 -1,2    
2- Outstanding external debt by currency              
 * Dollar US   MDH   Q2/23 91 968,8 95 968,9 -4,2    
 * Euro   MDH   Q2/23 140 820,0 144 820,0 -2,8    
 * Japanese Yen   MDH   Q2/23 3 566,8 3 998,9 -10,8    
 * Other currencies   MDH   Q2/23 8 395,3 7 889,2 6,4    
3- Outstanding guaranteed debt   MDH   Q2/23 156 010,5 163 161,0 -4,38    
         Domestic   MDH   Q2/23                    31 128                        31 832   -2,21  
         External   MDH   Q2/23 124 883,0 131 329,1 -4,9  
             
Financial Sector
A/ Depository Corporations Survey             Bank Al-Maghrib
M1 MDH Oct/23 1 246 097 1 249 175 -0,2    
M2 MDH Oct/23 1 427 951 1 430 700 -0,2    
M3 MDH Oct/23 1 728 335 1 735 451 -0,4    
 Net Foreign Assets MDH Oct/23 351 526 348 302 0,9    
Claims on nonresidents MDH Oct/23 433 237 433 904 -0,2  
Liabilities to nonresidents MDH Oct/23 81 710 85 602 -4,5  
Domestic claims MDH Oct/23 1 614 119 1 618 581 -0,3    
               -  Net claims on central government MDH Oct/23 314 664 323 822 -2,8    
                - Claims on other sectors MDH Oct/23 1 299 455 1 294 759 0,4    
Claims on state and local government MDH Oct/23 26 558 26 461 0,4  
Claims on other financial corporations MDH Oct/23 328 885 335 760 -2,0  
Claims on public nonfinancial corporations MDH Oct/23 87 256 77 474 12,6  
Claims on private sector MDH Oct/23 856 756 855 065 0,2  
Less : resources of a non monetary nature MDH Oct/23 282 704 277 354 1,9  
         other items (net) MDH Oct/23 37 960 37 432 1,4  
B/ Central Bank Survey           Bank Al-Maghrib
Claims on nonresidents MDH Oct/23 358 716 359 130 -0,1  
Liabilities to nonresidents MDH Oct/23 42 063 42 546 -1,1  
Claims on other depository corporations MDH Oct/23 112 961 102 047 10,7  
Net claims on central government MDH Oct/23 19 063 22 670 -15,9  
Claims on other sectors MDH Oct/23 1 554 1 512 2,8  
Monetary base MDH Oct/23 429 376 425 176 1,0  
Other liabilities to other depository corporations MDH Oct/23 0 0 0,0  
Less : resources of a non monetary nature MDH Oct/23 22 063 19 029 15,9  
Other items (net) MDH Oct/23 -1 207 -1 392 -13,2  
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   Q2/23 -7 898 -511 -7 387,0  
  Exports of goods (FOB)   MDH   Q2/23 153 867 157 061 -3 194,0  
  Imports of goods (FOB)   MDH   Q2/23 -186 376 -186 469 93,0  
  Goods: credit   MDH   Q2/23 92 933 95 002 -2 069,0  
  Goods: debit   MDH   Q2/23 -154 740 -157 107 2 367,0  
  Services: credit   MDH   Q2/23 60 934 62 059 -1 125,0  
  Services: debit   MDH   Q2/23 -31 636 -29 362 -2 274,0  
  Primary Income: credit   MDH   Q2/23 2 181 1 392 789,0  
  Primary Income: debit   MDH   Q2/23 -9 275 -3 971 -5 304,0  
  Secondary Income: credit   MDH   Q2/23 33 428 32 792 636,0  
  Secondary Income: debit   MDH   Q2/23 -1 723 -1 316 -407,0  
 Capital account   MDH   Q2/23 0 0 0,0  
  Capital account: credit   MDH   Q2/23 0 0 0,0  
  Capital account: debit   MDH   Q2/23 0 0 0,0  
 Financial account    MDH   Q2/23 -2 720 2 964 -5 684,0  
  Direct investment: assets   MDH   Q2/23 4 437 1 682 2 755,0  
  Direct investment: liabilities   MDH   Q2/23 -3 375 -3 738 363,0  
  Portfolio investment: assets   MDH   Q2/23 64 -56 120,0  
  Portfolio investment: liabilities   MDH   Q2/23 110 -25 059 25 169,0  
  Financial Derrivatives: assets   MDH   Q2/23 -548 -552 4,0  
  Financial Derrivatives: liabilities   MDH   Q2/23 698 698 0,0  
  Other investment: assets   MDH   Q2/23 763 2 368 -1 605,0  
  Other investment: liabilities   MDH   Q2/23 -2 029 4 788 -6 817,0  
  Reserve assets   MDH   Q2/23 -2 840 22 833 -25 673,0  
 Net errors and omissions   MDH   Q2/23 5 178 3 475 1 703,0  
B- International reserves and foreign currency liquidity             Bank Al-Maghrib
 I- International reserves              
Gold MDH Oct/23 14 566 13 865 5,1  
SDR's MDH Oct/23 19 968 20 078 -0,5    
Foreign currencies MDH Oct/23 318 260 319 232 -0,3    
IMF reserve position MDH Oct/23 1 985 1 995 -0,5    
Total MDH Oct/23 354 778 355 170 -0,1    
 II- Reserves Template    Oct/23        
C- Merchandise Trade            Office des Changes
 Total exports (FOB)   MDH Oct/23 34 682 35 144 -1,3    
 Total imports (CAF)   MDH Oct/23 60 500 58 662 3,1    
D- International Investment position             Office des Changes
Direct investment    MDH   Q2/23 -596 793,8 -582 790,1 2,4  
Assets   MDH   Q2/23 77 179,7 74 070,9 4,2  
 Equity and investment fund shares    MDH   Q2/23               64 825,23                  64 010,77   1,3  
  Direct investor in direct investment  enterprises   MDH   Q2/23               64 825,23                  64 010,77   1,3  
 Debt instruments   MDH   Q2/23               12 354,48                  10 060,09   22,8  
  Direct investor in direct investment enterprises   MDH   Q2/23               12 354,48                  10 060,09   22,8  
Liabilities   MDH   Q2/23 673 973,5 656 861,0 2,6  
 Equity and investment fund shares    MDH   Q2/23            595 298,30                577 403,30   3,1  
  Direct investor in direct investment  enterprises   MDH   Q2/23            595 298,30                577 403,30   3,1  
 Debt instruments   MDH   Q2/23               78 675,20                  79 457,70   -1,0  
  Direct investor in direct investment enterprises   MDH   Q2/23               78 675,20                  79 457,70   -1,0  
Portfolio investment    MDH   Q2/23 -140 826,9 -141 471,6 -0,5  
Assets   MDH   Q2/23 11 316,4 11 390,2 -0,6  
 Equity and investment fund shares    MDH   Q2/23               11 072,20                  11 138,80   -0,6  
 Deposit-taking corporations, except central bank   MDH   Q2/23                    934,00                        957,90   -2,5  
 Other sectors   MDH   Q2/23               10 138,20                  10 180,90   -0,4  
  Other financial corporations   MDH   Q2/23                 2 026,10                     2 123,50   -4,6  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23                 8 112,10                     8 057,40   0,7  
 Debt securities    MDH   Q2/23                    244,20                        251,40   -2,9  
 Deposit-taking corporations, except central bank   MDH   Q2/23                    244,20                        251,40   -2,9  
 Other sectors   MDH   Q2/23                              -                                   -        
  Other financial corporations   MDH   Q2/23                              -                                   -        
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23                              -                                   -        
Liabilities   MDH   Q2/23 152 143,3 152 861,8 -0,5  
 Equity and investment fund shares    MDH   Q2/23               34 257,30                  30 120,80   13,7  
 Deposit-taking corporations, except central bank   MDH   Q2/23               11 894,50                  10 775,00   10,4  
 Other sectors   MDH   Q2/23               22 362,80                  19 345,80   15,6  
  Other financial corporations   MDH   Q2/23                 2 366,20                     2 070,90   14,3  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23               19 996,60                  17 274,90   15,8  
 Debt securities    MDH   Q2/23            117 886,00                122 741,00   -4,0  
 Deposit-taking corporations, except central bank   MDH   Q2/23                              -                                   -        
 General government   MDH   Q2/23               86 287,00                  89 860,00   -4,0  
 Other sectors   MDH   Q2/23               31 599,00                  32 881,00   -3,9  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23               31 599,00                  32 881,00   -3,9  
Financial derivatives (other than reserves) and employee stock options    MDH   Q2/23 282,8 320,4 -11,7  
Assets   MDH   Q2/23 459,5 585,3 -21,5  
Liabilities   MDH   Q2/23 176,7 264,9 -33,3  
Other investment    MDH   Q2/23 -406 038,5 -417 976,6 -2,9  
 Other equity    MDH   Q2/23 4 635,7 4 590,5 1,0  
Assets   MDH   Q2/23 4 635,7 4 590,5 1,0  
Liabilities   MDH   Q2/23                              -                                   -     -  
 Currency and deposits    MDH   Q2/23 9 636,3 14 125,0 -31,8  
Assets   MDH   Q2/23 61 725,0 64 924,2 -4,9  
 Central banks   MDH   Q2/23                 1 356,40                     2 576,40   -47,4  
 Deposit-taking corporations, except central bank   MDH   Q2/23               57 070,40                  59 976,40   -4,8  
 Other sectors   MDH   Q2/23                 3 298,20                     2 371,40   39,1  
  Other financial corporations   MDH   Q2/23                       80,20                          82,70   -3,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23                 3 218,00                     2 288,70   40,6  
Liabilities   MDH   Q2/23 52 088,7 50 799,2 2,5  
 Central banks   MDH   Q2/23                 3 619,70                     2 851,80   26,9  
 Deposit-taking corporations, except central bank   MDH   Q2/23               48 469,00                  47 947,40   1,1  
 Loans    MDH   Q2/23 -356 383,0 -369 810,9 -3,6  
Assets   MDH   Q2/23 652,8 688,9 -5,2  
 Deposit-taking corporations, except central bank   MDH   Q2/23                    652,80                        688,90   -5,2  
Liabilities   MDH   Q2/23 357 035,8 370 499,8 -3,6  
 Central banks   MDH   Q2/23               19 740,80                  20 617,70   -4,3  
 Deposit-taking corporations, except central bank   MDH   Q2/23                 9 324,40                     9 209,70   1,2  
 General government   MDH   Q2/23            161 249,00                165 611,00   -2,6  
 Other sectors   MDH   Q2/23            166 721,60                175 061,40   -4,8  
  Other financial corporations   MDH   Q2/23                    669,80                        691,50   -3,1  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23            166 051,80                174 369,90   -4,8  
 Insurance, pension, and standardized guarantee schemes    MDH   Q2/23 897,9 1 161,8 -22,7  
Assets   MDH   Q2/23 4 033,7 4 365,9 -7,6  
Liabilities   MDH   Q2/23 3 135,8 3 204,1 -2,1  
 Trade credit and advances    MDH   Q2/23 -46 113,0 -48 466,0 -4,9  
Assets   MDH   Q2/23 33 040,0 31 513,0 4,8  
 Other sectors   MDH   Q2/23               33 040,00                  31 513,00   4,8  
   Nonfinancial corporations, households, and NPISHs   MDH   Q2/23               33 040,00                  31 513,00   4,8  
Liabilities   MDH   Q2/23 79 153,0 79 979,0 -1,0  
 Other sectors   MDH   Q2/23               79 153,00                  79 979,00   -1,0  
  Nonfinancial corporations, households, and NPISHs   MDH   Q2/23               79 153,00                  79 979,00   -1,0  
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q2/23 -70,0 -70,0 0,0  
Liabilities   MDH   Q2/23 0,0 0,0    
 Special drawing rights  (Net incurrence of liabilities)   MDH   Q2/23 70,0 70,0 0,0  
 Other accounts receivable / payable   MDH   Q2/23 -18 642,4 -19 507,0 -4,4  
Assets   MDH   Q2/23 18 642,4 19 507,0 -4,4  
Liabilities   MDH   Q2/23               18 642,40                  19 507,00   -4,4  
Reserve assets    MDH   Q2/23 346 163,1 361 168,1 -4,2  
Net International Investment Position   MDH   Q2/23 -797 213,3 -780 749,8 2,1  
E- Exchange rate (quotidien)             Bank Al-Maghrib
             
GROSS EXTERNAL DEBT
I - General Government   MDH   Q2/23 247 535,6 255 471,3 -3,1% Ministry of Economy and Finance
a) Short-term   MDH   Q2/23 0,0 0,0      
   Money market instruments   MDH   Q2/23          
   Loans   MDH   Q2/23          
   Trade credits   MDH   Q2/23        
   Other debt liabilities   MDH   Q2/23          
b) Long term   MDH   Q2/23 247 535,6 255 471,3 -3,1%    
   Bonds and notes   MDH   Q2/23 86 287,2 89 860,5 -4,0%    
   Loans   MDH   Q2/23 161 248,4 165 610,8 -2,6%    
   Trade credits   MDH   Q2/23        
   Other debt liabilities   MDH   Q2/23          
II - Monetary Authorities   MDH   Q2/23 42 732,6 42 618,2 0,3% Bank Al-Maghrib
a) Short-term   MDH   Q2/23 3 619,7 2 851,8 26,9%    
   Money market instruments   MDH   Q2/23          
   Loans   MDH   Q2/23          
   Currency and deposits   MDH   Q2/23 3 619,7 2 851,8 26,9%    
   Other debt liabilities   MDH   Q2/23          
b) Long term   MDH   Q2/23 39 113,0 39 766,3 -1,6%    
   Bonds and notes   MDH   Q2/23          
   Loans   MDH   Q2/23 20 470,6 20 259,3      
   Currency and deposits   MDH   Q2/23          
   Other debt liabilities   MDH   Q2/23 18 642,4 19 507,0 -4,4%    
III - Banks   MDH   Q2/23 29 124,0 28 697,7 1,5% Bank Al-Maghrib
a) Short-term   MDH   Q2/23 18 288,9 17 098,4 7,0%    
   Money market instruments   MDH   Q2/23          
   Loans   MDH   Q2/23 12 618,6 13 712,9 -8,0%    
   Currency and deposits   MDH   Q2/23 5 460,7 3 178,4 71,8%    
   Other debt liabilities   MDH   Q2/23 209,6 207,1 1,2%    
b) Long term   MDH   Q2/23 10 835,0 11 599,2 -6,6%    
   Bonds and notes   MDH   Q2/23          
   Loans   MDH   Q2/23 10 835,0 11 599,2 -6,6%    
   Currency and deposits   MDH   Q2/23          
   Other debt liabilities   MDH   Q2/23          
IV - Other Sectors   MDH   Q2/23 277 473,4 287 921,9 -3,6%    
A- State owned entreprises debt and publicly guaranteed debt    MDH   Q2/23 178 478,8 184 886,5 -3,5% Ministry of Economy and Finance
a) Short-term   MDH   Q2/23 0,0 0,0      
   Money market instruments   MDH   Q2/23          
   Loans   MDH   Q2/23          
   Currency and deposits   MDH   Q2/23          
   Trade credits   MDH   Q2/23        
   Other debt liabilities   MDH   Q2/23          
b) Long term   MDH   Q2/23 178 478,8 184 886,5 -3,5%    
   Bonds and notes   MDH   Q2/23 31 598,7 32 880,7 -3,9%    
   Loans   MDH   Q2/23 146 880,1 152 005,8 -3,4%    
   Currency and deposits   MDH   Q2/23          
   Trade credits   MDH   Q2/23        
   Other debt liabilities   MDH   Q2/23          
B- Private debt non guaranteed by the Government   MDH   Q2/23 98 994,6 103 035,4 -3,9% Office des Changes
a) Short-term   MDH   Q2/23 79 153,0 79 979,0 -1,0%    
   Money market instruments   MDH   Q2/23          
   Loans   MDH   Q2/23 0,0 0,0 -    
   Currency and deposits   MDH   Q2/23          
   Trade credits   MDH   Q2/23 79 153,0 79 979,0 -1,0%  
   Other debt liabilities   MDH   Q2/23          
b) Long term   MDH   Q2/23 19 841,6 23 056,4 -13,9%    
   Bonds and notes   MDH   Q2/23          
   Loans   MDH   Q2/23 19 841,6 23 056,4 -13,9%    
   Currency and deposits   MDH   Q2/23          
   Trade credits   MDH   Q2/23 0,0 0,0 -  
   Other debt liabilities   MDH   Q2/23          
V - Direct Investment   MDH   Q2/23 78 675,2 79 457,7 -1,0%    
 Debt liabilities to direct investors   MDH   Q2/23 78 675,2 79 457,7 -1,0%    
Gross external debt   MDH   Q2/23 675 540,8 694 166,7 -2,7%    
             
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).