Economy, Finance and Trade: Morocco

March 2023

Morocco’s economic growth slowed down in 2022, due to lower agricultural output and surging inflation, yet strong tourist inflows, growing industrial potential and surging exports helped to prevent a recession. Looking ahead, Morocco's GDP growth is expected to recover as inflation subsides and agricultural activity rebounds. Benefiting from vast renewable energy reserves, Morocco is also expected to remain a go-to investment destination in Africa.

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The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

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The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Economy, Finance and Trade: Morocco


Morocco’s economic growth set to rebound
Government expenditure on food subsidies to ensure food security
Morocco's fertiliser exports thrive on surging global demand
Morocco's renewable energy potential to continue attracting foreign investment
Implementation of new tax reforms expected to boost government revenue


Chart 1 Economic Landscape of Morocco 2022-2027
Chart 2 Real GDP Growth in Morocco 2010-2027
Chart 3 GDP Size and Growth 2017-2027
Chart 4 Gross Value Added by Sector in Morocco 2022
Chart 5 Domestic Demand 2022 and Period Growth 2017-2022
Chart 6 Standardised Consumer Confidence Index 2017-2024
Chart 7 Productivity 2017/2022
Chart 8 Productivity by Sector in Morocco 2022 and CAGR 2017-2022
Chart 9 Monetary Landscape of Morocco 2022
Chart 10 Inflation 2017-2027
Chart 11 Average Inflation 2017-2027
Chart 12 Interest Rates in Morocco 2017-2024
Chart 13 Exchange Rates 2017-2024
Chart 14 Money Supply Growth and Money Velocity in Morocco 2017-2024
Chart 15 Foreign Trade Landscape of Morocco 2022
Chart 16 Exports and Export Price Index in Morocco 2017-2022
Chart 17 Exports by Commodity in Morocco 2022
Chart 18 Top 10 Export Destinations 2022 and Period Growth 2017-2022
Chart 19 Imports and Import Price Index in Morocco 2017-2022
Chart 20 Imports by Commodity in Morocco 2022
Chart 21 Top 10 Import Origins 2022 and Period Growth 2017-2022
Chart 22 Investment Landscape of Morocco 2021-2022
Chart 23 Foreign Direct Investment Inflows and FDI Intensity 2021
Chart 24 Foreign Direct Investment Inflows and Outflows in Morocco 2016-2021
Chart 25 Gross Fixed Capital Formation in Morocco 2017-2024
Chart 26 Government Budget Landscape of Morocco 2022
Chart 27 Public Debt 2022
Chart 28 Government Revenue 2022
Chart 29 Government Expenditure 2022
Chart 30 Government Expenditure by Economic Type in Morocco 2022
Chart 31 Government Expenditure by Function in Morocco 2022 and Period Growth 2017-2022
Chart 32 Baseline and Scenario Forecasts in Morocco 2020-2026

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