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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 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
GDP114.73 bn USD3,108.19 USD15,291.93 tn USD29,692.11 USD
Gross national product113.27 bn USD3,068.89 USD15,330.84 tn USD29,767.66 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



Im- and Exports 2020

 Morocco
Total
Morocco
per capita
EU
Total
EU
per capita
Imports46.26 bn USD1,253.27 USD7,340.01 bn USD14,251.98 USD
Exports37.52 bn USD1,016.47 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1975 - 2020

Exports
Imports



Morocco: AirportsLargest airports and airlines in MoroccoThe 12 biggest airports and 2 airlines in Morocco with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
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