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Indicators of economy in Morocco

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Morocco, on the other hand, reached USD 3.554 per capita, or 132.73 billion USD in the whole country. Morocco is therefore currently ranked 58 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Morocco is in the list of the world's richest countries in place 119.

Inflation in Morocco was in 2021 at around 1.40%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 55.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Morocco

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Morocco in 2020 decreased moderatly from 119.87 billion US Dollar to 114.73 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 4.3% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 55 percent. The unemployment rate rose from 9.3 to 11.5 percent. The consumer inflation rate has risen from 0.3% previously to 0.7% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Morocco
Total
Morocco
per capita
EU
Total
EU
per capita
GDP132.73 bn USD3,554.05 USD17.09 tn USD33,228.68 USD
Gross national product127.22 bn USD3,406.66 USD16.78 tn USD32,621.03 USD


3 of the 2000 largest listed companies in the world originate from Morocco. This is determined annually in the Forbes Global 2000 list. The 3 largest companies in the country were in 2021:

Rank 1554: Attijariwafa Bank (Casablanca)
Rank 1724: Maroc Telecom (Rabat)
Rank 1953: Banque Centrale Populaire (Casablanca)

Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Morocco
Total
Morocco
per capita
EU
Total
EU
per capita
Imports60.05 bn USD1,607.91 USD8,916.24 bn USD17,337.55 USD
Exports47.08 bn USD1,260.62 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



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