gdp of morocco

The statistic shows the ratio of government expenditure to gross domestic product (GDP) in Morocco from 2015 to 2019, with projections up until 2025. Morocco: Imports of goods and services as percent of GDP: For that indicator, we provide data for Morocco from 1960 to 2019. The average value for Morocco during that period was 31.65 percent with a minimum of 16.89 percent in 1965 and a maximum of 50.2 percent in 2012. The tax-to-GDP ratio in Morocco increased by 0.2 percentage points from 27.6% in 2017 to 27.8% in 2018. For comparison, the world average in based on countries is 0.00 percent. The latest value from is percent. Morocco gdp for 2017 was $109.68B, a 6.17% increase from 2016. In comparison, the average for the 30 African countries increased by just under 0.1 percentage points … Morocco gdp per capita for 2018 was $3,222, a 6.12% increase from 2017. Morocco services export is 18,541,094,405 in BoP, current US$ and services import is 10,551,997,556 in Bop, current US$.Morocco exports of goods and services as percentage of GDP is 38.73% and imports of goods and services as percentage of GDP is 49.26%. Morocco gdp for 2019 was $119.70B, a 1.36% increase from 2018. Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. Though Morocco contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 18.9 % in 2019. The International Labor Organization estimates that 80% of the Moroccan work force operates in the grey economy compared with 17.2% in OCED countries, 25% in the MENA region, 39.5% in Africa and 37.5 in Latin … Morocco and IMF. Real GDP growth will resume in 2021, after an estimated contraction of 7% in 2020. Real GDP declined by –5.9% in 2020, after growing 2.5% in 2019. The repercussions of the informal sector are more apparent in the job market. Key economic challenges for Morocco include reforming the education system and the judiciary. GDP Morocco's exports have grown at the same rate as GDP As a percentage of GDP, exports have remained remained stable from the 1990's to present This trend is expected to continue through 2013 Morocco's imports have risen faster than GDP growth The 2008 global financial crisis caused a temporary drop in The main sectors are textiles, leather goods, food processing, oil refining and electronic assembly. Annual percentage growth rate of GDP at market prices based on constant local currency. Though Morocco real GDP growth fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -7 % in 2020. Current GDP (estimated data for 2021) and national debt. In 2020, real GDP growth for Morocco was -7 %. Revenue Statistics Africa: Key findings for Morocco. Morocco gdp for 2016 was $103.31B, a 2.11% increase from 2015. Much of Morocco's landscape is mountainous with slopes that gradually transition into plateaus and valleys. Value & Rank The GDP - Purchasing Power Parity of Morocco is 180 ( billions of $) with a global rank of 58. Morocco gdp for 2018 was $118.10B, a 7.67% increase from 2017. - … Projections by IMF. The average value for Morocco during that period was 15.28 percent with a minimum of 10.68 percent in 1981 and a maximum of 23.45 percent in 1965. Industry contributes 25.3% of the GDP and employs 22% of the workforce. Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Morocco U.S.=100, Annual, Not Seasonally Adjusted 1950 to 2010 (2012-09-17) Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Morocco GDP (purchasing power parity): $298.6 billion (2017 est.) The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. Download Historical Data Save as Image. Factbook > Countries > Morocco > Economy. Data Source: World Bank GDP Growth and GDP per capita Growth of Morocco. Real gross domestic product (GDP) growth in Morocco is expected to rebound to 4.8% in 2021, driven by an easing of disruptions linked to the health crisis and better rainfall after two years marked by drought, predicts the Agence de American Fitch rating. Hello, Does anybody here know the exact stats for Morocco's GDP (nominal) as of 2008 ? $286.8 billion (2016 est.) Morocco has a relatively small amount of mineral resources, phosphates being its main source of wealth. Below you will find the last recordings for the indicator : Agricultural GDP (% of GDP). The latest value from is percent. Recent macroeconomic and financial developments The economy of Morocco has suffered dire consequences from the COVID–19 pandemic, experiencing its first recession in more than two decades in 2020. The analysed country is : Morocco. For comparison, the world average in based on countries is 0.00 percent. km. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Estimates by world bank since 1961. A rebound in household and capital spending should bolster the domestic economy, while an ameliorating external panorama should benefit exports. Morocco GDP - composition by sector. Morocco - GDP The economy shrank 9.0% on an annual basis in Q3, according to preliminary government figures, softening somewhat from the near 15.0% contraction recorded in Q2. Morocco Economic Growth GDP is projected to recover in 2021 following the sharp contraction expected for this year. The result is: 12.20 %. Morocco outperforms however the African and Latin American average set at 39.4% and 37.5%. Morocco is a country in the Maghreb Region of North Africa where it covers an area of 710,850 sq. The statistic shows gross domestic product (GDP) in Morocco from 1985 to 2019, with projections up until 2025. Live statistics for Economy of Morocco. The lowest data : 2007 is the lowest year for the indicator : Agricultural GDP (% of GDP). Wiki says 86$ billions, some other people say 100$ bln, but Wiki says it will reach the 100$ billlion until 2011 or 2012, so I'm a little confused. Morocco Rabat key figures • Land area, thousands of km2 447 • Population, thousands (2001) 30 430 • GDP per capita, $ (2001) 1 128 • Espérance de vie (1995-2000) :66.6 Live estimate for national public debt today and since the beginning of the year. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Although activity picked up in the third and fourth quarters of 2020, the government’s preliminary estimates indicate that Morocco’s real GDP contracted by 7% in 2020, leading to an increase in unemployment from 9.2% to 11.9%. Morocco gdp per capita for 2016 was $2,897, a 0.75% increase from 2015. Morocco : Table - Agricultural GDP (% of GDP) Morocco: Value added in the agricultural sector as percent of GDP: For that indicator, we provide data for Morocco from 1965 to 2019. The economy also is vulnerable to poor rainfall, so on top of damage from a strict three-month lockdown to contain the The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Morocco : geography, maps, flag, statistics, photos and cultural information about Morocco. Morocco gdp per capita for 2017 was $3,036, a 4.82% increase from 2016. The last Article IV Executive Board Consultation was on December 18, 2020. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Morocco economic outlook, debt to GDP ratio, international trade performance and population trends. Morocco GDP (Gross Domestic Product) was INT$262.02billion for 2020 in PPP terms. Growth will average 3.1% in 2022-25, underpinned by stronger trade and tourism, but the economy will remain exposed to swings in agricultural output. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. 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