Morocco: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Morocco is the world's third-largest producer of phosphorus. |
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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 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) | $9,519 (2022) |
GDP Country Rank 56/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.657% (2022) |
| External debt stocks, total (DOD, current US$) | $65,413,856,759 (2021) |
| Total tax rate (% of commercial profits) | 45.8% (2019) |
| Real Interest Rate (5 year average %) | -1.949% (2012) |
| Manufacturing, value added (% of GDP) | 16.125% (2022) |
| Current Account Balance (BoP, current US$) | ($4,775,205,686) (2022) |
Labor and Employment [1]
| Labor Force, Total | 12,532,590 (2022) |
| Employment in Agriculture (% of total employment) | 34.563% (2021) |
| Employment in Industry (% of total employment) | 22.789% (2021) |
| Employment in Services (% of total employment) | 42.647% (2021) |
| Unemployment Rate | 10.494% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $73,962,178,699 (2022) |
| Exports of goods and services (current US$) | $58,405,786,770 (2022) |
| Total Merchandise Trade (% of GDP) | 83.959% (2022) |
| FDI, net inflows (BoP, current US$) | $2,177,845,609 (2022) |
| Commercial Service Exports (current US$) | $21,561,933,099 (2022) |
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.