Current Account in Morocco

Morocco Current Account | Economic News & Forecasts

Morocco - Current Account

The economy softened slightly in the third quarter due to a sharp contraction in agricultural output, as rainfall deficits in early 2019 hurt cereal output. Moreover, the non-agricultural sector decelerated slightly on weaker momentum in retail and manufacturing. Turning to the fourth quarter, economic growth should have picked up slightly due to stronger contributions from the mining and construction sectors, while upbeat tourist arrivals likely further supported domestic activity. However, the agricultural sector will likely have continued to drag on momentum. In related news, the state news agency reported in January that the government will spend USD 12 billion between 2020 and 2027 securing the country’s strained water supply, which could help smooth the volatility of agricultural output in the longer term.

Morocco - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.9  -5.8  -2.1  -4.0  -3.4  

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Morocco Current Account Chart

Morocco Current Account
Note: Current account balance as % of GDP.
Source: Ministry of the Economy and Finance.

Morocco Facts

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

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