Economic Growth in Morocco
The Moroccan economy recorded average real GDP growth of 2.5% in the decade to 2022, above the 2.0% average for the Middle East & North Africa. In 2022, real GDP growth was 1.3%. For more GDP information, visit our dedicated page.
Morocco GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Morocco from 2014 to 2023.
Source: Macrobond.
Morocco GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 2.9 | -7.2 | 8.0 | 1.4 | 3.6 |
| GDP (USD bn) | 129 | 121 | 142 | 131 | 144 |
| GDP (MAD bn) | 1,240 | 1,152 | 1,277 | 1,331 | 1,463 |
| Economic Growth (Nominal GDP, ann. var. %) | 11.9 | -7.0 | 10.8 | 4.2 | 10.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Moroccan GDP projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Moroccan GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Moroccan GDP projections.
Want to get access to the full dataset of Moroccan GDP forecasts? Send an email to info@focus-economics.com.