Current Account in Morocco
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 |
Morocco Current Account Chart
Source: Ministry of the Economy and Finance.
Morocco Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.62 | 0.0 % | Feb 28 |
| Exchange Rate | 9.64 | -0.29 % | Mar 11 |
| Stock Market | 11,103 | -0.23 % | Mar 11 |
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