Morocco

  • Key Indicators

    Summary Statistics
    Region: Northern Africa                 
    Surface Area (sq. km): 446550           
    Population 2023: 37,840,044
    Capital city: Rabat             
    Currency: Moroccan Dirham (MAD)
     

    Description 2021 2022 2023
    National Accounts
    Real GDP Growth (annual percent change) 7.9 0.8 3.1
    GDP (current prices, billions of US$) 142.87 142.87 150.59
    GDP per capita (current prices, $US per capita) 3,934.31 3,896.21 4,067.57
    Inflation rate, average consumer prices (annual % change) 1.40 6.20 4.10
    Trade
    Imports in Services (current prices, millions of $US) 8,526    
    Exports in Services (current prices, millions of $US) 15,461    
    Merchandise Imports (current prices, millions of $US) 58,034    
    Merchandise Exports (current prices, millions of $US) 35,843    
    Gas + Petrol Imports (in thousands of $US) 8,570,667    
    Gas + Petrol Exports (in thousands of $US) 318,923    
    BOP (BALANCE OF PAYMENTS)
    Current account, balance (billions of $US) -3.243 -6.19 -6.226
    Current account, balance (% of GDP) -2.3 -4.3 -4.1
    FINANCE
    General government net lending/borrowing (% of GDP) -5.9 -5.3 -5.1
    General government gross debt (% of GDP) 68.9 70.3 70.1
    EMPLOYMENT & SOCIAL INDICATORS
    Population 37,076,584 37,457,971 37,840,044
    Unemployment, total (% of total labor force) 10.54 11.1 10.7