Morocco GDP Annual Development Charge

The Gross Home Product (GDP) in Morocco expanded 2.80 p.c within the third quarter of 2023 over the identical quarter of the earlier yr. GDP Annual Development Charge in Morocco averaged 3.52 p.c from 1999 till 2023, reaching an all time excessive of 14.30 p.c within the second quarter of 2021 and a document low of -14.90 p.c within the second quarter of 2020. supply: Haut Commissariat au Plan

GDP Annual Development Charge in Morocco is predicted to be 2.80 p.c by the tip of this quarter, in response to Buying and selling Economics international macro fashions and analysts expectations. Within the long-term, the Morocco GDP Annual Development Charge is projected to development round 3.50 p.c in 2025, in response to our econometric fashions.

Morocco is the sixth largest financial system in Africa. The Providers sector is a very powerful and accounts for 54 p.c to complete GDP. The most important segments inside Providers are: wholesale and retail commerce (9 p.c of complete GDP); public administration (9 p.c); transport (four p.c); and accommodations and eating places (2 p.c). Business accounts for 23 p.c of the GDP and the biggest segments inside this sector are: manufacturing (15 p.c of complete GDP); development (5 p.c); electrical energy and water provide (2 p.c); and mining (2 p.c). The Agriculture sector accounts for 13 p.c of GDP.