Industry in Morocco

Morocco Industry | Economic News & Forecasts

Morocco - Industry

The state of the economy is improving in 2018, after growth slowed in 2017 due to reduced oil production. In the January-to-May period, the fiscal deficit was cut by nearly half compared to the same period in 2017. This was due to substantially higher revenue, particularly from the oil and gas sector, which contrasted a comparatively small increase in total expenditure. A stronger hydrocarbon sector has also supported the external sector in recent months: Merchandise exports increased nearly 30% in January–April compared to the same period last year, easily outstripping import growth of 9%.

Morocco - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.9  1.3  1.6  2.1  2.6  

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Morocco Industry Chart

Morocco Industry
Note: Annual variation of industrial production in %.
Source: Higher Planning Commission of Morocco.

Morocco Facts

Bond Yield3.700.0 %Jul 31
Exchange Rate9.59-0.29 %Aug 15
Stock Market11,611-0.23 %Aug 15

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