Exports in Morocco
Morocco - ExportsAnnual GDP growth slowed in Q1 2022. A drought caused the agricultural sector to contract 12.1% year on year. Reduced agricultural rents and softer remittances growth hit private consumption, as did rising inflation due to the Russia-Ukraine war pushing up food and energy prices. Rising commodity prices also caused the trade deficit to widen in Q1. More positively, the lifting of a flight ban in February boosted the tourism sector, while an easing Covid-19 wave further supported the services sector. Turning to Q2, activity is set to pick up. The economy continues to reopen from Covid-19 and recent rains have boosted the agricultural sector somewhat. That said, with much of the harvest already ruined, the agricultural sector will continue to drag on growth. High energy prices will continue to put pressure on consumers’ purchasing power and on the external and fiscal balances.
Morocco - Exports Data
|Exports (USD billion)||18.6||19.1||21.5||24.6||24.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.02||0.0 %||Dec 31|
|Exchange Rate||9.56||-0.29 %||Dec 31|
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