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ECON FACTBOOK

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Economy of Morocco

Population: 33 million in 20131

GDP: $104 billion in 20132

GDP per capita: $3,093 nominal3 ($7,200 PPP4) in 2013

GDP growth rate: 4.4% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities36,24637.6%
Manufacturing14,37614.9%
Agriculture, hunting, forestry, fishing14,19914.7%
Wholesale, retail trade, restaurants and hotels11,84612.3%
Mining and utilities7,4567.7%
Transport, storage and communication6,2916.5%
Construction5,9266.2%
Total value added96,340100%

Employment

Unemployment rate: 9.2% in 20137

Employment by Industry 20068

Employment sectorPercent of total
Agriculture44.6%
Services35.5%
Industry19.8%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $264 billion (253% of GDP) in 201410

Household Wealth per Adult: $12,239 in 201410

Gini Coefficient: .409 in 200711

Government

Central Government

Central Government Revenue: $26 billion (25% of GDP) in 201312

Central Government Expenditure: $35 billion (34% of GDP) in 201312

Central Government Budget Balance: -$9 billion (-9% of GDP) in 201312

Central Government Public Debt: $61 billion (58% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 3.7% in Jun 201414

* Public debt calculated using the exchange rate 9.56 MAD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 30% in 201416

* Individual thresholds calculated using the exchange rate 9.56 MAD = 1 USD

Monetary Policy

Money Supply (M1): $69 billion (77% of GDP) in Dec 2014* 17

Benchmark Interest Rate: 2.5% on Dec 16, 201418

Total Reserves: $19 billion (18% of GDP) in 201319

Exchange Rate: 9.56 Moroccan Dirahm = 1 U.S. Dollar on Feb 2, 201520

Inflation: 1.9% in 201321

* Money supply calculated using the exchange rate 9.56 MAD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $17 billion (16% of GDP) in 201323

Imports: $39 billion (38% of GDP) in 201323

Trade Balance: -$22 billion (-22% of GDP) in 201323

Foreign Direct Investment Inflow: $3.4 billion (3% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.4 billion (1% of GDP) in 201225

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access Nationa Summary Data (Public debt) Go back
14. Source: Reuters, Morocco plans no more bonds this year (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: IMF Dissemination Standards Bulletin Board, Access Nationa Summary Data (Money supply) Go back
18. Source: Bank Al-Maghrib (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back