Tier 1 · Markets
The Market Now
| Series | Per US$1 | As of | Source |
|---|---|---|---|
| Official reference | 9.59 | 26 Sep 2026, 00:02 UTC | BKAM reference (open.er-api.com) |
| Marketparallel | 10.03 | 27 Sep 2026, 00:30 UTC | Bybit P2P |
| Premium | +4.56% | — | market vs official |
Download CSV — FX history · Download CSV — official rate, annual
Tier 2 · Policy & Prices
Policy & Prices
Policy rate
| Instrument | Rate | Effective | Source |
|---|---|---|---|
| Bank Al-Maghrib Taux directeur | 2.25% | 23 Jun 2026 | Bank Al-Maghrib |
As of 12 Sep 2026, 02:52 UTC
Inflation
| Series | YoY | Period | Source |
|---|---|---|---|
| Headline | -0.60% | Jul 2026 | Source |
As of 12 Sep 2026, 19:49 UTC
Download CSV — headline
Yield curve
182-day
2.155%
31 Aug 2026
364-day
2.21%
31 Aug 2026
Flat — 182-day and 364-day within 25bp.
Download CSV — auction history
Stock market
not yet covered
MASI
Tier 3 · Structure
Structure & trajectory
Annual indicators, latest available year on each card · Sources: World Bank / UN / IMF WEO Oct 2025 / V-Dem / EIA
18 of 25 indicators improving improving
Rule: for each metric with at least two observations, direction is the sign of (latest − earliest). Child mortality, $3/day poverty, national poverty, debt service, debt-to-GDP, and the Gini index are inverted (a decline is improvement). Overall: improving if ≥60% of those metrics improved, mixed if 40–60%, worsening if <40%.
Population
38.4M · 2025
↑ 4.2M since 2014
GDP per capita (PPP)
$11,112 · 2025
↑ $3,874 since 2014
GDP per capita growth
3.6% · 2025
↑ 2.2 pts since 2014
Life expectancy
75.5 years · 2024
↑ 3 years since 2014
Child mortality
15.7 per 1,000 · 2024
↓ 8.8 since 2014
Internet users
91.2% · 2024
↑ 34.4 pts since 2014
Manufacturing share of GDP
14.9% · 2025
↓ 0.4 pts since 2014
Electricity access
100% · 2024
↑ 2.7 pts since 2014
Poverty ($3/day)
not available
National poverty line
3.9% · 2022
Adult literacy
64.3% · 2014
Debt service / exports
12.9% · 2024
↓ 0 pts since 2014
Exports of goods and services
$77.4B · 2025
↑ $41.1B since 2014
GDP growth
4.6% · 2025
↑ 1.9 pts since 2014
GDP
$182.4B · 2025
↑ $63.2B since 2014
Unemployment
9% · 2025
↓ 0.7 pts since 2014
ILO modeled estimate — national definitions differ
FDI inflows
$3.3B · 2025
↓ $207M since 2014
Remittances
$13.7B · 2025
↑ $5.9B since 2014
External debt
$68B · 2024
↑ $24.7B since 2014
Agriculture share of GDP
10.5% · 2025
↑ 0.2 pts since 2014
Services share of GDP
52.3% · 2025
↓ 2.4 pts since 2014
Investment rate
26.8% · 2025
↓ 0.2 pts since 2014
Terms of trade
85.30 · 2024
↓ 17.70 since 2014
FX reserves
$48.5B · 2025
↑ $28.2B since 2014
includes gold
Lending rate
not available
Deposit rate
2.7% · 2025
↓ 1.2 pts since 2014
Gini index
not available
Health expenditure
6.1% · 2023
↑ 0.6 pts since 2014
Physicians
0.7 per 1,000 · 2021
↓ 0.2 since 2014
Tertiary enrollment
48.2% · 2024
↑ 22.9 pts since 2014
Tourist arrivals
2.8M · 2020
↓ 7.7M since 2014
Account ownership
44.4% · 2024
↑ 0 pts since 2021
Findex · every 3–4 years
Exports per capita derived
$2,013 · 2025
↑ $954.23 since 2014
Median age
29.2 years · 2023
↑ 3.1 years since 2014
Government revenue / GDP
28.1% · 2026
↑ 2.2 pts since 2014
Debt to GDP
65.8% · 2026
↑ 7.2 pts since 2014
Source: IMF WEO · latest 1–2 years are IMF estimates
Gross debt (national currency)
DH1.2T · 2026
↑ DH612.6B since 2014
Source: IMF WEO · latest 1–2 years are IMF estimates
Current account / GDP
-3.1% · 2026
↑ 2.5 pts since 2014
Source: IMF WEO · latest 1–2 years are IMF estimates
Budget balance / GDP
-3.5% · 2026
↑ 1.2 pts since 2014
Source: IMF WEO · latest 1–2 years are IMF estimates
Electoral democracy
0.26 · 2025
↓ 0.01 since 2014
Minimum wage
DH17.92 / hour · 2026
Décret n° 2.25.983 — SMIG/SMAG (Bulletin Officiel n° 7469)
Décret prints 17.92 MAD/hour. Monthly 3,422.72 uses 191 legal hours (not in the décret). Agricultural SMAG is separate. OECD 3,430.31 is a tracker, not used.
Trade profile
Exports
$77.4B · 2025
↑ $41.1B since 2014
Imports
$93.9B · 2025
↑ $44B since 2014
Balance derived
−$16.5B · 2025
↓ $2.8B since 2014
Top exports · 2025
Products
Partners
Top imports · 2025
Products
Partners
2025 filings are still arriving — this page updates as each country reports
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