Current Account in Morocco
Morocco - Current Account
GDP growth eased in annual terms in Q3, largely due to a base effect and increased Covid-19 cases leading to tougher restrictions in August, although underlying momentum was still robust. Looking at subsectors, private consumption, gross investment and government consumption growth slowed, while export growth was solid. Turning to Q4, the economy seems to be operating at two speeds. On one hand, the external sector is likely being impacted by the economic slowdown in Europe—amid a fresh Covid-19 wave and ongoing supply disruptions—as well as the government’s recent decision to ban flights from several European countries. On the other hand, a high vaccination rate, looser domestic restrictions and lower Covid-19 cases at home should be boosting private consumption. In politics, parliament recently approved the government’s 2022 budget, which signals a still-supportive fiscal stance.Morocco - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -2.1 | -4.0 | -3.4 | -5.3 | -4.1 |
Morocco Current Account Chart
Source: Ministry of the Economy and Finance.
Morocco Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.02 | 0.0 % | Dec 31 |
| Exchange Rate | 9.56 | -0.29 % | Dec 31 |
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