Consumption in Morocco

Morocco Consumption | Economic News & Forecasts

Morocco - Consumption

Annual GDP growth weakened in Q1 2022. Drought conditions drove a 12.1% contraction in the agricultural sector. Rising inflation due to higher commodity prices arising from the war in Ukraine, a reduction in agricultural employment, lower agricultural income and slower growth in remittances combined to undermine private consumption, while rising commodity prices led to a widening of the trade deficit. More positively, the lifting of a flight ban in February boosted tourism, while a receding Covid-19 wave buoyed the services sector. Activity is set to improve during Q2, as Covid-19 restrictions are relaxed and recent rains bring some relief to farmers. However, with much of the harvest already lost, this sector will remain a drag on growth. Elevated commodity prices will continue to put pressure on the purchasing power of consumers, as well as the external and fiscal balances.

Morocco - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)-     -     -     -     -     

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Morocco Facts

Value Change Date
Bond Yield3.020.0 %Dec 31
Exchange Rate9.56-0.29 %Dec 31

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