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General profile: Morocco

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
37.713 Millions
..
142 871 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 446 300 km²
6.14 %
2.54 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+0.4 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
11 190
17 771
22 334
41 642
Merchandise imports
20 790
35 381
38 100
68 632
Merchandise trade balance
-9 600
-17 611
-15 766
-26 990
Export structure by product group in 2023
(as % of total exports)
1 %1 %71 %71 %4 %4 %24 %24 %
Top 5 partners in 2023
(exports, millions of US$)
10 1009 2362 2591 8471 79910 1009 2362 2591 8471 799
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
9 264
14 736
14 674
(e) 25 431
Services imports
3 845
7 371
7 913
(e) 12 328
Services trade balance
5 419
7 365
6 760
(e) 13 103
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
14.0
14.7
18.6
(e) 15.4
Travel
49.8
45.5
42.7
(e) 40.6
Other services
(e) 23.6
24.8
28.6
(e) 33.9
TRADE INDICES
More data on UNCTADstat
13413012611612111310810510096888671685875666291889498949395100100103104105898991998485
ECONOMIC TRENDS
More data on UNCTADstat
+2.5 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
62 545
96 428
110 414
142 871
GDP per capita, current US$
2 060
2 970
3 190
3 788
Real GDP growth, y-on-y, %
2.98
5.15
4.34
2.54
Current account balance, % of GDP
1.66
-4.07
-1.96
-0.62
Exchange rate (/US$)
8.865
8.417
9.764
..
GDP by expenditure in 2022
(as % of total GDP)
62.019.230.344.856.362.019.230.344.856.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.6 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
1 653.99
1 573.86
3 254.80
1 094.61
FDI outflows
74.62
588.77
653.29
836.01
Personal remittances, % of GDP
7.34
6.66
6.25
..
Financial flows trends
(millions of US$)
11 168.210 906.37 414.16 962.66 919.46 823.06 383.56 903.57 788.76 881.76 507.97 256.36 422.56 269.16 894.36 730.55 451.44 589.24 220.83 613.92 877.23 260.92 161.01 0952 2602 2661 4191 7203 5592 6862 1573 2553 5613 2982 7282 5681 5741 9522 4872 8052 4491 6548952 3144812 807422FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
-6.32
-10.28
-7.21
(e) -8.41
Balance, % of imports
-19.23
-26.80
-19.33
(e) -16.29
Normalized balance
-0.106
-0.155
-0.107
(e) -0.089
Trade openness²
(sum of imports and exports as % of GDP)
951017669767774716772707673666279706359
LIVING AREA
Population by living area in 2023
(% of population)
Urban 65%Urban 65%Rural 35%Rural 35%
OTHER INDICATORS
More data on UNCTADstat
0.007 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
387
332
139
165
Container port throughput (TEU)
..
2 946 000
3 987 251
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
6.04
3.77
2.21
..
Share of ICT goods, % of total imports
6.96
5.87
4.02
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024