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 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Morocco reached 3.108 US dollars per inhabitant, or 114.73 bn US Dollar 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 127.Inflation in Morocco was in 2020 at around 0.71%. Within the EU, the average in the same year was 0.50%. 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 in 2020
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 2020
Morocco Total | Morocco per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 114.73 bn USD | 3,108.19 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 113.27 bn USD | 3,068.89 USD | 15,330.84 tn USD | 29,767.66 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 - 2020
› Debt budget development
› Development of inflation
› Corruption in Morocco
› Cost of living in a global comparison
› Development of inflation
› Corruption in Morocco
› Cost of living in a global comparison
Im- and Exports 2020
Morocco Total | Morocco per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 46.26 bn USD | 1,253.27 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 37.52 bn USD | 1,016.47 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1975 - 2020
Exports
Imports