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Indicators of economy in Morocco

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Morocco, on the other hand, reached USD 3,853 per capita, or 142.87 billion USD for the whole country. Morocco is therefore currently ranked 58 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Morocco ranks 124th in the list of the richest countries.

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

Compared with the USA, prices for daily consumer goods are around 55.0 percent lower.
The index for perceived corruption in the public sector is 38, which is below average by global standards.


Back to overview: Morocco

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Morocco 2020. Overall, gross domestic product in 2020 fell from 128.92 billion US dollars to 121.35 billion US dollars. With a drop of 5.9 percent, the economy in Morocco suffered more significant losses than other countries. 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 percent previously to 0.7 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Morocco
Total
Morocco
per capita
EU
Total
EU
per capita
GDP142.87 bn USD3,853.28 USD17.177 tn USD33,384.92 USD
Gross national product136.41 bn USD3,679.09 USD16.895 tn USD32,835.37 USD


The two largest listed companies in Morocco are Attijariwafa Bank with a market capitalization of 9.589 trillion dollars and Banque Centrale Populaire with 5.489 trillion dollars. They are the only companies nationwide to be included in the list of Forbes Global 2000 in 2022. This independent list publishes the 2000 largest companies worldwide annually. Attijariwafa Bank was ranked 1429th by Forbes and Banque Centrale Populaire was ranked 1929th.

Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Morocco
Total
Morocco
per capita
EU
Total
EU
per capita
Imports60.05 bn USD1,619.54 USD8.916 tn USD17,329.02 USD
Exports47.08 bn USD1,269.74 USD9.554 tn USD18,569.19 USD


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

Exports
Imports



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