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) $333,242,868,979 (2021)
GDP Growth Rate (annual %) 7.93% (2021)
GDP Per Capita, PPP (current international) $8,853 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 56/197 (2021)

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 %) 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)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

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)
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