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COUNTRY OUTLOOK / MA

Morocco

Seven day advances rate · ISO:MA

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalRabat
RegionMiddle East, North Africa, Afghanistan & Pakistan
Income groupLower middle income
CurrencyMoroccan dirham
GDP$182.37B2025 · current US$
Real GDP growth4.60%2025 · annual %
Population38.43M2025 · people
GDP per capita$4,672.472025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Morocco's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:MA
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

4.60% · 2025 · annual %

Real GDP growth · annual %-7.18%0.49%8.15%2014: 2.7192440802029 annual %2015: 4.34458297635238 annual %2016: 0.52118550608968 annual %2017: 5.05789816173446 annual %2018: 3.06564133025955 annual %2019: 2.89097476137077 annual %2020: -7.17820744246774 annual %2021: 8.15473889823681 annual %2022: 1.81269242194809 annual %2023: 3.65564411017931 annual %2024: 3.79336515978963 annual %2025: 4.59524349182247 annual %20142025
View annual observations
YearValue (annual %)
20254.595
20243.793
20233.656
20221.813
20218.155
2020-7.178
20192.891
20183.066
20175.058
20160.521
20154.345
20142.719
World Bank source & definition ↗

Economy

GDP$182.37B2025 · current US$Source & definition ↗
Real GDP growth4.60%2025 · annual %Source & definition ↗
GDP per capita$4,672.472025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 433.71B2025 · current international $Source & definition ↗

People

Population38.43M2025 · peopleSource & definition ↗
Population growth0.91%2025 · annual %Source & definition ↗
Urban population63.13%2025 · % of populationSource & definition ↗
Life expectancy75.492024 · yearsSource & definition ↗
Unemployment · ILO estimate9.00%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+43.94%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing10.55%2025 · % of GDPSource & definition ↗
Industry including construction25.25%2025 · % of GDPSource & definition ↗
Services52.31%2025 · % of GDPSource & definition ↗
Manufacturing14.93%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services41.97%2025 · % of GDPSource & definition ↗
Imports of goods & services51.13%2025 · % of GDPSource & definition ↗
Current account balance-2.50%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.82%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation0.70%2025 · annual %Source & definition ↗
Central government debt51.23%2011 · % of GDPSource & definition ↗
Tax revenue20.74%2023 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector77.76%2024 · % of GDPSource & definition ↗
Total reserves including gold$48.45B2025 · current US$Source & definition ↗

Infrastructure

Internet use91.20%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area446,5502023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

i

Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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