Industry in Morocco

Morocco Industry | Economic News & Forecasts

Morocco - Industry

The economy softened slightly in the third quarter due to a sharp contraction in agricultural output, as rainfall deficits in early 2019 hurt cereal output. Moreover, the non-agricultural sector decelerated slightly on weaker momentum in retail and manufacturing. Turning to the fourth quarter, economic growth should have picked up slightly due to stronger contributions from the mining and construction sectors, while upbeat tourist arrivals likely further supported domestic activity. However, the agricultural sector will likely have continued to drag on momentum. In related news, the state news agency reported in January that the government will spend USD 12 billion between 2020 and 2027 securing the country’s strained water supply, which could help smooth the volatility of agricultural output in the longer term.

Morocco - Industry Data

2013   2014   2015   2016   2017  
Industrial Production (annual variation in %)0.9  1.3  1.6  2.5  2.1  

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Morocco Industry Chart


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

Morocco Facts

Value Change Date
Bond Yield3.020.0 %Dec 31
Exchange Rate9.56-0.29 %Dec 31

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