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) | $333,242,868,979 (2021) |
| GDP Growth Rate (annual %) | 7.93% (2021) |
| GDP Per Capita, PPP (current international) | $8,853 (2021) |
GDP Country Rank 56/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.402% (2021) |
| External debt stocks, total (DOD, current US$) | $65,413,856,759 (2021) |
| Total tax rate (% of commercial profits) | 45.8% (2019) |
| Real Interest Rate (5 year average %) | -1.949% (2012) |
| Manufacturing, value added (% of GDP) | 15.331% (2021) |
| Current Account Balance (BoP, current US$) | ($3,261,495,786) (2021) |
Labor and Employment [1]
| Labor Force, Total | 11,813,726 (2021) |
| Employment in Agriculture (% of total employment) | 34.14% (2020) |
| Employment in Industry (% of total employment) | 21.827% (2020) |
| Employment in Services (% of total employment) | 44.034% (2020) |
| Unemployment Rate | 11.467% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $60,032,485,954 (2021) |
| Exports of goods and services (current US$) | $47,048,228,292 (2021) |
| Total Merchandise Trade (% of GDP) | 65.71% (2021) |
| FDI, net inflows (BoP, current US$) | $2,150,839,829 (2021) |
| Commercial Service Exports (current US$) | $14,891,883,199 (2021) |
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.