Economic Trivia

Morocco is the world's third-largest producer of phosphorus.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): Spain, France, and China
Top 3 Exported Goods (2021): Fertilizers , Electrical Machinery, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Phosphate Rock Mining and Processing; Food Processing; Leather Goods; Textiles

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $362,034,055,672 (2022)
GDP Growth Rate (annual %) 1.08% (2022)
GDP Per Capita, PPP (current international) $9,519 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 56/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 6.657% (2022)
External debt stocks, total (DOD, current US$) $65,413,856,759 (2021)
Total tax rate (% of commercial profits) 45.8% (2019)
Real Interest Rate (5 year average %) -1.949% (2012)
Manufacturing, value added (% of GDP) 16.125% (2022)
Current Account Balance (BoP, current US$) ($4,775,205,686) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 12,532,590 (2022)
Employment in Agriculture (% of total employment) 34.563% (2021)
Employment in Industry (% of total employment) 22.789% (2021)
Employment in Services (% of total employment) 42.647% (2021)
Unemployment Rate 10.494% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $73,962,178,699 (2022)
Exports of goods and services (current US$) $58,405,786,770 (2022)
Total Merchandise Trade (% of GDP) 83.959% (2022)
FDI, net inflows (BoP, current US$) $2,177,845,609 (2022)
Commercial Service Exports (current US$) $21,561,933,099 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Morocco’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank