Current Account in Morocco

Morocco Current Account | Economic News & Forecasts

Morocco - Current Account

The economy likely decelerated in the fourth quarter of 2018 as a contraction in mining and quarrying output—notably for phosphate—weighed on the industrial sector. In contrast, the aeronautic and automotive sectors likely fared well, supporting export growth in the quarter while imports slowed. Turning to Q1 2019, a more average cereal harvest following a bountiful 2018 crop should further weigh on growth. In recent weeks, Morocco obtained loans and grants of USD 700 million from the World Bank, and USD 375 million from Germany to support digital transformation, financial inclusion and sustainable development.

Morocco - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.9  -5.7  -2.1  -4.2  -3.6  

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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 Yield3.620.0 %Feb 28
Exchange Rate9.64-0.29 %Mar 11
Stock Market11,103-0.23 %Mar 11

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