Morocco gdp growth. The GDP value of Morocco represents 0.

Morocco gdp growth Morocco economy rankings: GDP - 60, GDP growth 5-year average - 87, GPD per capita - 130, economic freedom index - 82, business freedom index - 64 Sep 20, 2024 · During the early 2000s, Morocco enjoyed strong economic growth fueled by public investment in infrastructure. This web page provides information on official IMF reports and Executive Board documents in English that deal with Morocco. 20 percent in 2020. 4 Nov 7, 2024 · The gross domestic product (GDP) in current prices in Morocco was forecast to continuously increase between 2024 and 2029 by in total 61. Morocco gdp for 2022 was $130. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net Dec 27, 2023 · Morocco’s economic outlook remains positive, the report maintains, with the annual rate of GDP growth projected to climb to an average of 3. In Morocco, while GDP growth has been robust, GDP per capita growth has been moderate, highlighting the challenges of ensuring that economic benefits are widely shared across the population. 9% in 2025, according to a recent outlook from Feb 14, 2023 · Nonetheless, Morocco’s economic growth is expected to accelerate to 3. Data. Morocco may return to its pre-pandemic level of GDP only in 2022, followed by a gradual acceleration of growth, contingent on the successful implementation of ongoing and Real GDP in Morocco is estimated to be $132 Billion US dollars at the end of 2023. 11B, a 7. 29% increase from 2020. 9% growth for Morocco's economy in 2024, fueled by robust activity in the manufacturing and tourism sectors. 5% in 2024 and will consolidate at 3. 8B ranked the 56th largest economy in the world, while Morocco ranked 60th with $117. 23kg in 2014. Sep 20, 2024 · During the early 2000s, Morocco enjoyed strong economic growth fueled by public investment in infrastructure. Oct 1, 2024 · Real GDP growth, % 2. 02%, due to the revival of agricultural activities and services and moderate recovery in domestic demand. The Moroccan economy recorded average real GDP growth of 2. Growth was propelled by a tourism rebound, strong manufacturing exports, and increased private consumption. Titled World Economic Dec 17, 2024 · Graph and download economic data for Gross Domestic Product for Morocco (MKTGDPMAA646NWDB) from 1960 to 2023 about Morocco and GDP. GDP per capita growth (annual %) GDP per capita Feb 21, 2024 · After recording an estimated 3% growth rate in 2023, Morocco’s economy is expected to grow by an average of 3. 30 percent in the second quarter of 2006 and a record low of -3. The Gini index in Morocco was 39. 4% in 2026, according to a new United Nations’ report released Thursday in New York. GDP per capita growth (annual %) in Morocco was reported at 2. GDP growth (annual %) GDP (constant 2015 US$) GDP Morocco economic growth for 2023 was $141. 9% of GDP in the decade to 2022. The population in Morocco was 37,076,584 in 2021. Economic Growth in Morocco. The GDP per capita of Morocco in 2022 was €3,389 $3,571, €84 $340 higher than in 2021, it was €3,305 $3,911. Morocco - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on January of 2025. 3% during the 2024 third quarter, up from 3% in the same period last year. Government consumption: 0. For more GDP information, visit our dedicated page. GDP growth (annual %) GDP growth (annual %) Most recent value (2023) 3. The method we follow consists of constructing a Google trends index and using it to improve an Oct 22, 2024 · A severe drought as well as a global slowdown, compounded by Russia’s invasion of Ukraine, saw Morocco’s GDP growth drop dramatically from 8% in 2021 to just 1. 6: 4. The chart has 1 Y axis displaying GDP growth (annual %). 4% between 2024 and 2028. 1218 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Growth has rebounded from the pandemic and the energy crisis, despite the 2023 earthquake and droughts. Data for Algeria, Morocco from The World Bank: Data. Morocco economic growth for 2020 was $121. 5%). Get Free Economic Indicators Charts, Historical Data and Forecasts for 196 Countries. 9 percent in 2022. 54% increase from 2021. 08%, representing a change of 1,338,000,000 US$ over 2021, when Real GDP was $123,865,000,000. Dec 9, 2024 · Morocco's economy grows in 2023, with higher GDP and improved household finances Hespress EN Monday 9 December 2024 - 10:57 In 2023, the national economy recorded a Gross Domestic Product (GDP) of 1,463. 2 GDP Growth Rate in 2022 was 1. 2 percentage points to overall economic growth, according to the latest update from Nov 22, 2024 · Real GDP growth, % 2. The Gross Domestic Product (GDP) in Morocco expanded 0. 5 % YoY in Dec 2022, following a growth of 1. The economy of Morocco has grown at an average annual growth rate of 1. 6: 5. Jul 8, 2024 · Gross domestic product (GDP) growth rate in Morocco 2029. 35B, a 5. Benefiting from vast renewable energy reserves, Morocco is also expected to remain a go-to investment destination in Africa. 4% in 2026, according to a newly released United Nations report. 8%), and fixed investment (13. 3% year-on-year in Q3 2024, accelerating from a 2. A Thriving, Diversified Export-Driven Economy The GDP figure in 2022 was €124,257 $130,913 million, Morocco is number 62 in the ranking of GDP of the 196 countries that we publish. 4 Key information about Morocco Real GDP Growth. Morocco has benefitted from a stable macroeconomic regime and the deficit is narrowing following the pandemic and energy crisis with the government debt ratio is around 70% of GDP. 3% in 2022, following growth of 7. 8% for 2024, Rebounding in 2025. 6 % in the previous quarter. After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. Dec 31, 2024 · Rabat - Morocco’s economy recorded a growth rate of 4. 00B, a 100% decline from 2023. GDP Growth Rate in Morocco averaged 1. 3%, growth rebounded in 2023 to 3. Full Year GDP Growth in Morocco averaged 2. There were rises in household consumption (3. 6 billion U. This estimate for Morocco GDP takes into account values based on PPP, the countries base year age and size of it's informal economy. 21 percent). 29B, a 1. 0 Jan 9, 2025 · Morocco's GDP is expected to grow by 3. GDP Growth Rate in 2022 was 1. GDP per capita growth (annual %) - Morocco from The World Bank: Data Jul 26, 2024 · Morocco’s economy is poised for significant growth in the coming years, with the national growth rate projected to reach 4. dollars (+39. 3% in 2025, as projected by the International Monetary Fund (IMF) during its latest update on the global economic outlook. x morocco economic monitor — from mitigating to adapting to covid-19 policy measures, including developing a clear roadmap for lifting containment measures, are key to GDP (current US$) - Morocco from The World Bank: Data. 1% in 2023. Morocco gdp for 2020 was $121. Jan 11, 2022 · In order to achieve broad-based growth and job creation, the sustained implementation of a multifaceted and ambitious reform agenda will be essential, according to the World Bank’s Morocco Economic Monitor, January 2022: From Recovery to Acceleration. 07% decline from 2019. Sep 24, 2024 · BAM: Morocco's Economic Growth Set at 2. 76% decline from 2021. 1% in 2023, after peaking at 6. Dec 31, 2024 · Despite this, the external trade balance continued to negatively impact economic growth, with a net contribution of -2. The nominal GDP per capita in Morocco was $3,795. 6: Contained inflation and lower unemployment will act as a tailwind to private consumption in 2025. 3% in 2022, Morocco’s economy is expected to expand at The GDP figure in 2023 was €133,544 $144,438 million, Morocco is number 61 in the ranking of GDP of the 196 countries that we publish. 5% Worries over low rainfall Regional tensions remain a factor Morocco’s economy is expected to pick up in the first quarter of 2025, thanks to increased consumer Dec 16, 2022 · The real gross domestic product growth in Morocco in 2020 following the COVID-19 pandemic was minus seven percent with an expected growth of 3. Real GDP Growth YoY data in Morocco is updated quarterly, available from Mar 2008 to Dec 2022, with an average rate of 3. 5% during the same period last year. 3% decline in net income from abroad. 7% for the same period in 2022. 1 % in 2023, thanks to a rebound of the primary sector. Morocco gdp per capita for 2020 was $3,258, a 6. The highway network, previously very limited, was expanded to 1,800 kilometers and is projected to grow to 3,000 kilometers by 2030. 04 in 2021. 91B, a 7. Despite a 6% rise in GDP, the country experienced a 3. Non-agricultural growth, fueled by manufacturing, extractive industries, and tourism, is projected to improve from 3. The size of the informal economy: It is estimated that 32% of Morocco's economic activity occurs outside the formal sector. 9% in 2021, due to drought, imported inflation and a drop in foreign demand, the country's planning agency said on Thursday. 5% in the decade to 2022, above the 2. 64% decline from 2021. 02%, a 15. ∗∗ Cadi Ayyad University, LISI Laboratory, Marrakesh, Morocco (e-mail: [email Morocco's GDP is estimated to be $444,548,585,273 by the end of 2024 by World Economics. CAGR analysis shows that over the last 3 years the compound annual growth rate for Morocco was 4. Includes historical data for Morocco’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership. License: CC BY-4. Nov 7, 2024 · The gross domestic product (GDP) in current prices in Morocco was forecast to continuously increase between 2024 and 2029 by in total 61. 5%. 6 percent, below the The GDP figure in 2023 was €133,544 $144,438 million, Morocco is number 61 in the ranking of GDP of the 196 countries that we publish. 93% increase from 2022. After the The economy of Morocco expanded about 3% in 2023, according to estimates from the central bank. The absolute value of GDP in Morocco rose €4,258 $10,905 million with respect to 2021. 69% increase from 2022. Find out more on our dedicated page. 6 points last year. It marks the strongest yearly economic growth since Q4 2021, due to a surge in domestic demand and comes against the backdrop of controlled inflation. 4% rise in domestic demand during the fourth quarter of 2024, contributing 6. Morocco | World Bank Development Indicators GDP per capita growth Jan 7, 2025 · But Economic Growth expected to accelerate to 3. Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021. The GDP value of Morocco represents 0. This measure is particularly important in evaluating the success of Morocco’s efforts to improve living standards and reduce economic disparities. 4% average recorded in the first half of the year. Morocco GDP growth up to 3. Recent macroeconomic and financial developments After weak economic performance in 2022, with growth of just 1. Outdated GDP base year data: Many countries use outdated base years for their GDP calculations, leading to an underestimation of economic growth. 4% below the pre-pandemic trend; potential growth has been declining since the early 2010s; volatile precipitations are increasingly affecting the economy; and the combined effect of the drought, rising international food and energy Discover economic indicators for Morocco, such as GDP, GNP and FDI to use in your data forecasts and economic reports on the Morocco`s economy with CEIC. Morocco gdp per capita for 2021 was $3,768, a 15. 9%, along wi… 1 day ago · Morocco GDP growth up to 3. Additional reforms are needed to capitalize on Morocco´s external resiliency and boost pros-perity. The economy recorded average annual growth of 2. For Africa, the UN predicts economic growth will rise modestly from 3. Free and open access to global development data. Jan 2, 2025 · Morocco's GDP advanced by 4. 6 percentage points. 4 days ago · Morocco’s national economy progressed by 3% in the fourth quarter of 2024, in annual variation, following a 4. 4% down from 2. Annual percentage growth rate of GDP at market prices based on constant local currency. 4% expansion in the previous quarter. 39 in 2021. Mar 17, 2024 · According to a recent report by El Economista, Morocco has emerged as a beacon of resilience, successfully reining in record-high inflation while maintaining strong economic growth, despite facing The GDP figure in 2021 was €119,999 $141,818 million, Morocco is number 60 in the ranking of GDP of the 196 countries that we publish. Data ranges from -7. Algeria with a GDP of $173. 3%. 80 percent in the first quarter of 2016. RABAT, February 14, 2023 – After a strong post-COVID-19 rebound last year, Morocco’s economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity prices that have fed inflation, according to the World Bank’s latest report "Responding to Supply Shocks". 1 million. 7: 2. in the profound economic transformations undergone elsewhere in Morocco over the past two decades. Morocco gdp growth rate for 2020 was -7. 9: Morocco's GDP will accelerate in 2025 due to a recovery in agricultural production, rate cuts, contained inflation and a pickup in eurozone growth. The GDP per capita of Morocco in 2023 was €3,607 $3,901, €218 $330 higher than in 2022, it was €3,389 $3,571. 5%; Worries over low rainfall; Regional tensions remain a factor; Morocco’s economy is expected to pick up in the first quarter of 2025, thanks to increased consumer spending, but the momentum faces a risk as a result of geopolitical tensions and low levels of rainfall, a government agency has said. Morocco Economic Monitor — Fall 2023 After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. 8%, compared to the 2. Main Economic Indicators Economic growth . 7: 0. . Morocco: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) The Gross Domestic Product (GDP) in Morocco expanded 1. 463 trillion (Over 146 billion USD) in 2023, marking a 10% increase compared to 2022, according to the High Jan 1, 2022 · Nowcasting and Forecasting Morocco GDP growth using Google Trends data Imane Bouayad ∗ Jihad Zahir ∗∗ Adil Ez-zetouni ∗∗∗ ∗ Cadi Ayyad University, LISI Laboratory, Marrakesh, Morocco (e-mail: [email protected]). 3% in 2021, led by a base effect and an extraordinary agricultural campaign rather than by a broad-based acceleration of economic activity. 11 billion US dollars in 2023, according to official data from the World Bank. Morocco's fiscal deficit averaged 4. 6 %. Morocco gnp for 2021 was $136. 82t in 2020. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net exports. Oct 8, 2024 · Morocco's national economy saw a modest boost in growth during the third quarter of 2024, with the rate rising to 2. 8 % in 2023, driven by a partial recovery of agricultural output, services, and net GDP growth (annual %) - Morocco. source to forecast and nowcast Gross Domestic Product (GDP) growth in Morocco. Sep 18, 2021 · A country's growth rate is year-over-year, and not compounded. 77 percent from 1999 until 2019, reaching an all time high of 9. Still, downside risks persist due to geopolitical tensions, including the war on Ukraine, the deceleration of Morocco’s main trading partners in the Eurozone, and new potential climate shocks. 9% in the last four years and is ranked the 5th largest economy in Africa, ahead of Ethiopia. Household consumption grew by 3. Morocco economic growth for 2021 was $141. 0: Morocco's GDP will accelerate in 2025 due to a recovery in agricultural production, rate cuts, contained inflation and a pickup in eurozone growth. 2% increase from 2020. Fiscal policy . • Following real growth of 1. 1% in GDP per capita. 3% growth in the third quarter, according to Morocco’s High Commission for Planning (HCP). This page provides the latest reported value for - Morocco GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. 3% year-on-year in Q3 2024, up from a 2. GDP growth (annual %) GDP (constant 2015 US$) GDP Morocco's GDP grew by 4. 6% in Oct 1, 2024 · Rabat - Morocco’s economy experienced a slight slowdown in the second quarter of 2024, with growth easing to 2. This economic upswing is largely due to a surge in domestic Oct 30, 2024 · GDP Growth of Morocco. 3% growth in the third quarter, according to Morocco's High Commission for Planning (HCP). Morocco economic growth for 2022 was $130. 60B, a 2. 13 percent of the world economy. 4 days ago · Rabat - Morocco’s economy saw a 5. 87% decline from 2019. 37. 86% increase from 2020. 4% rise in Q2 and marking the fastest growth since Q4 2021. S. Morocco gdp growth rate for 2022 was 1. Jan 9, 2025 · Titled World Economic Situation and Prospects (WESP) 2025, the report also states that global economic growth is projected to remain at 2. Explore Morocco economic data on Prosperity Data360. To read more about GDP growth in Morocco, go to our dedicated page. 18 to 12. Nov 7, 2024 · The growth of the real gross domestic product (GDP) in Morocco was forecast to increase between 2024 and 2029 by in total 0. Unemployment Oct 2, 2024 · S&P Global Rating has identified positive ongoing economic reforms in Morocco, noting that this trend would promote more inclusive and more resilient growth in the North African country. Morocco's gross domestic product (GDP) growth is expected to recover as inflation subsides and agricultural activity rebounds. Morocco is a fairly stable economy with continuous growth over the past half-century. 79% increase from 2022. GDP per capita (PPP based) is a crucial economic metric that measures a country's economic output per person. World Bank national accounts data, and OECD National Accounts data files. 33 percent from 2015 until 2023, reaching an all time high of 8. Morocco gdp growth rate for 2021 was 8. However, in 2023 Apr 1, 2024 · Morocco’s economy capped off 2023 on a positive note, with national growth accelerating to 4. The energy consumption per capita in Morocco was 554. Morocco has embarked on major reforms to encourage investment and to extend health insurance and social The GDP per Capita in Morocco is equivalent to 27 percent of the world's average. Using GDP year-on-year growth rates Morocco grew at 1. 9%), government spending (3. However, real GDP is still 6. The life expectancy in Morocco was 74. 3% in 2020. 5 in 2013. 5 Apr 14, 2022 · A strong economic rebound in 2021 has enabled Morocco to recover most of the output and job losses caused by the COVID-19 crisis. The absolute value of GDP in Morocco rose €13,668 $20,464 million with respect to 2020. Titled World Economic Dec 9, 2024 · Morocco’s national economy recorded a nominal Gross Domestic Product (GDP) of MAD 1. 1% in 2024 and 3. 18%, a 10. 10 percent in the third quarter of 2019 over the previous quarter. Sep 26, 2024 · The European Bank for Reconstruction and Development (EBRD) forecasts a 2. Morocco uses a chain-weighted GDP base year. The budget deficit improved from 5. The carbon dioxide emissions per capita in Morocco was 1. Morocco gnp for 2022 was $139. 26%, a 6. GDP (current US$) - Morocco from The World Bank: Data. 69% decline from 2021. The GDP per capita of Morocco in 2021 was €3,305 $3,911, €347 $536 higher than in 2020, it was €2,958 $3,375. 2 days ago · Morocco's national economy progressed by 3% in the fourth quarter of 2024, in annual variation, following a 4. Morocco’s Gross Domestic Product (GDP) is expected to grow by 3. Morocco gnp for was $0. Nigieria's GDP per capita (PPP) is estimated to be $11,989 for 2024. 6% in the decade to 2022. The absolute value of GDP in Morocco rose €9,287 $13,525 million with respect to 2022. Private consumption: 1. Jul 24, 2024 · Gross domestic product (GDP) growth rate in Morocco 2029 Morocco: Share in global GDP adjusted for PPP 2019-2029 Distribution of gross domestic product (GDP) across economic sectors Morocco 2022 Oct 7, 2023 · The World Bank has projected a slight decrease in GDP growth in Morocco as a result of the devastating earthquake that struck central Morocco on September 8, citing mainly a slight hit to tourism. A surge in domestic demand and controlled inflation supported the upturn. GDP - real growth rate by year chart; GDP - real growth rate rank chart; GDP - real growth rate - comparative map; GDP growth (annual %) - thematic map - World Bank indicator GDP Constant Prices in Morocco decreased to 307820 MAD Million in the second quarter of 2024 from 313356 MAD Million in the first quarter of 2024. Morocco gnp for 2023 was $142. 00 percent in 2021 and a record low of -7. 0% average for the Middle East & North Africa. Morocco gdp per capita for 2022 was $3,442, a 8. 8% in 2025, unchanged from 2024, noting that lower inflation and ongoing monetary easing in many economies could provide a modest boost to global economic activity in 2025. 63% increase from 2020. Financing needs of Morocco’s economy increased during Q3 2024. 6% in 2025, Morocco’s Economy and Finance Minister, Nadia Fettah Morocco’s Gross Domestic Product (GDP) is expected to grow by 3. 1% in the fourth quarter compared to just 0. 14B, a 12. The potential growth rate of the Moroccan economy has significantly declined since the 2000s, and is currently estimated at 3. By GDP 5-years average growth and GDP per capita, Algeria and Morocco ranked 100th vs 87th and 119th vs 130th, respectively. This page provides - Morocco GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. The Moroccan economy expanded by 3. 82B, a 16. 4% in 2023 despite global economic headwinds, an inflation surge, and the Al-Haouz earthquake. In 2022, real GDP growth was 1. 2% in 2025 and 3. Real GDP in Morocco is estimated to be $132 billion US dollars at the end of 2023. GDP per Capita in Morocco (with a population of 37,329,064 people) was $3,354 in 2022, an increase of $2 from $3,352 in 2021; this represents a change of 0. 2% in the last four years and is ranked the 5th largest economy in Africa, ahead of Ethiopia. 6% in 2022, as imported inflationary pressures eased. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. Oct 4, 2024 · Morocco Economic Monitor — Fall 2023 After a sharp deceleration in 2022 caused by various overlapping commodity and climate shocks, economic growth is set to increase to 2. Morocco gdp per capita for 2023 was $3,672, a 6. GDP growth (annual %) Most recent value (2022) Algeria 3. The Gross Domestic Product (GDP) in Morocco was worth 141. 9B. Source: World Bank : Growth, Growth per capita: IMF World Economic Outlook (October 2024) Date: 30 Oct 2024: Top Statistics IPL 2024. GDP per capita (current US$) - Morocco from The World Bank: Data. See Also. This figure is derived from a GDP (PPP) of $457 billion, which accounts for the informal economy and any base year effects, and a population of 38. 3 billion dirhams (MAD), reflecting a 10% increase compared to 2022, according to the High Commission for Planning (HCP). 5 Growth is projected to rebound to 5. 3% growth in the third quarter, according to Morocco’s High Commission for GDP per Capita in Morocco is estimated to be $8,462 international dollars at the end of 2024. Morocco gdp for 2021 was $141. Jul 14, 2022 · Morocco's economic growth will slow to 1. Apr 16, 2024 · Morocco is poised to witness economic growth rates of 3. 3% in 2022. 5 points, compared to -1. 2% of Morocco from The World Bank: Data. Morocco’s national economy progressed by 3% in the fourth quarter of 2024, in annual variation, following a 4. Inflation fell to 6. iuc mqvog dokvniox gbsxc jdojv kxsvtm yhpzwpnn pafq hzw oweq