Current Account in Morocco
Morocco - Current Account
Growth decelerated marginally in the first quarter, due largely to a downturn in agriculture following an exceptional harvest last year. On the positive side, investment rebounded from Q4’s slight dip, private consumption remained robust and government spending accelerated. Turning to Q2, solid dynamics in industrial activities should have supported momentum although the agricultural sector will likely have detracted from growth again. Notably, strong phosphate demand should have buttressed the mining and chemical sectors, while activity in the energy, construction and environmental sectors also appear to have been robust. On 19 June, Morocco secured USD 237 million to fund a highway project as well as the expansion of a hydroelectric dam.Morocco - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -7.9 | -5.8 | -2.1 | -4.1 | -3.4 |
Morocco Current Account Chart
Source: Ministry of the Economy and Finance.
Morocco Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.38 | 0.0 % | Jun 30 |
| Exchange Rate | 9.57 | -0.29 % | Jul 11 |
| Stock Market | 11,272 | -0.23 % | Jul 11 |
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