FX reserves
$48.5B · 2025
↑ $28.2B since 2014
Morocco
On this page
Overview
-
Population
38.4M
people · 2025
-
GDP
$182.4B
current US$ · 2025
-
Inflation
-0.60%
headline, % y/y · Jul 2026
-
Policy rate
2.25%
% · effective 23 Jun 2026
-
Official exchange rate reference
9.96
MAD per US$1 · 7 Oct 2026, 00:02 UTC
-
USDT peer-to-peer rate parallel market
10.25
MAD per US$1 · 8 Oct 2026, 06:30 UTC
Coverage: 38 of 41 annual indicators reported, latest years 2014–2026. Gaps read “not available” (source has no figure) or “not yet covered” (not yet collected), never zero.
Currencies & Rates
Official and market exchange rates, policy rates, government yields, bank rates, reserves and stock indices.
Exchange rates
| Series | Rate | As of | Source |
|---|---|---|---|
| Official rate reference | 9.96 | 7 Oct 2026, 00:02 UTC | BKAM reference (open.er-api.com) |
| Parallel-market rate (USDT peer-to-peer median) parallel | 10.25 | 8 Oct 2026, 06:30 UTC | Bybit P2P |
| Market premium% by which the market rate exceeds the official rate | +2.87% | -2.23% pts over 7 days | How we measure |
Policy rate
| Instrument | Rate | Effective | Source |
|---|---|---|---|
| Taux directeur% per year · Bank Al-Maghrib | 2.25% | 23 Jun 2026 | Bank Al-Maghrib |
Checked 12 Sep 2026, 02:52 UTC
Government securities yields
% yield at the latest auction for each tenor. Tenors up to 364 days are Treasury bills; longer tenors are bonds. weighted avg Source: Bank Al-Maghrib
182-day
2.155%31 Aug 2026
364-day
2.21%31 Aug 2026
Flat — 182-day and 364-day within 25bp.
Stock market
not yet covered · MASI
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| FX reserves Current US$, total reserves including gold includes gold | $48.5B | 2025 | ↑ $28.2B since 2014 | World Bank | CSV Rank Compare |
| Deposit rate % per year, average bank deposit rate | 2.7% | 2025 | ↓ 1.2 pts since 2014 | World Bank | CSV Rank Compare |
Not available for Morocco: Lending rate.
Show trend charts (2)
Deposit rate
2.7% · 2025
↓ 1.2 pts since 2014
Economy & Prices
Output, growth, inflation, jobs, investment, the structure of the economy and minimum wages.
Inflation % change from a year earlier
| Series | Year on year | Period | Source |
|---|---|---|---|
| Headline consumer prices | -0.60% | Jul 2026 | National statistics office |
Checked 12 Sep 2026, 19:49 UTC
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| GDP Current US$ | $182.4B | 2025 | ↑ $63.2B since 2014 | World Bank | CSV Rank Compare |
| GDP growth % change, real (inflation-adjusted) | 4.6% | 2025 | ↑ 1.9 pts since 2014 | World Bank | CSV Rank Compare |
| GDP per capita (PPP) Current international $ per person, PPP | $11,112 | 2025 | ↑ $3,874 since 2014 | World Bank | CSV Rank Compare |
| GDP per capita growth % change per person, real | 3.6% | 2025 | ↑ 2.2 pts since 2014 | World Bank | CSV Rank Compare |
| Unemployment % of labour force ILO modeled estimate — national definitions differ | 9% | 2025 | ↓ 0.7 pts since 2014 | World Bank | CSV Rank Compare |
| Investment rate Gross fixed capital formation, % of GDP | 26.8% | 2025 | ↓ 0.2 pts since 2014 | World Bank | CSV Rank Compare |
| Agriculture share of GDP Agriculture value added, % of GDP | 10.5% | 2025 | ↑ 0.2 pts since 2014 | World Bank | CSV Rank Compare |
| Manufacturing share of GDP Manufacturing value added, % of GDP | 14.9% | 2025 | ↓ 0.4 pts since 2014 | World Bank | CSV Rank Compare |
| Services share of GDP Services value added, % of GDP | 52.3% | 2025 | ↓ 2.4 pts since 2014 | World Bank | CSV Rank Compare |
| Minimum wage Local currency per month, national statutory floor 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. | DH17.92 / hour | 2026 | — | Décret n° 2.25.983 — SMIG/SMAG (Bulletin Officiel n° 7469) | CSV Rank Compare |
Show trend charts (9)
GDP
$182.4B · 2025
↑ $63.2B since 2014
GDP growth
4.6% · 2025
↑ 1.9 pts since 2014
GDP per capita (PPP)
$11,112 · 2025
↑ $3,874 since 2014
GDP per capita growth
3.6% · 2025
↑ 2.2 pts since 2014
Unemployment
9% · 2025
↓ 0.7 pts since 2014
Investment rate
26.8% · 2025
↓ 0.2 pts since 2014
Agriculture share of GDP
10.5% · 2025
↑ 0.2 pts since 2014
Manufacturing share of GDP
14.9% · 2025
↓ 0.4 pts since 2014
Services share of GDP
52.3% · 2025
↓ 2.4 pts since 2014
Public Finance & Debt
Government revenue, budget balance, public and external debt, debt service and sovereign credit ratings.
Sovereign credit ratings
No published sovereign rating recorded
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Government revenue / GDP General government revenue, % of GDP 2026 is an IMF projection (forecast) for the year in progress when fetched, not a reported outturn. | 28.1% | 2026 | ↑ 2.2 pts since 2014 | IMF DataMapper | CSV Rank Compare |
| Budget balance / GDP General government net lending/borrowing, % of GDP Latest 1–2 years are IMF estimates | -3.5% | 2026 | ↑ 1.2 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| Debt to GDP General government gross debt, % of GDP Latest 1–2 years are IMF estimates | 65.8% | 2026 | ↑ 7.2 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| Gross debt (national currency) General government gross debt, local currency Latest 1–2 years are IMF estimates | DH1.2T | 2026 | ↑ DH612.6B since 2014 | IMF World Economic Outlook Oct 2025 | CSV |
| External debt Total external debt stocks, current US$ | $68B | 2024 | ↑ $24.7B since 2014 | World Bank | CSV Rank Compare |
| Debt service / exports Total debt service, % of exports and primary income | 12.9% | 2024 | ↓ 0 pts since 2014 | World Bank | CSV Rank Compare |
Show trend charts (6)
Government revenue / GDP
28.1% · 2026
↑ 2.2 pts since 2014
Budget balance / GDP
-3.5% · 2026
↑ 1.2 pts since 2014
Debt to GDP
65.8% · 2026
↑ 7.2 pts since 2014
Gross debt (national currency)
DH1.2T · 2026
↑ DH612.6B since 2014
External debt
$68B · 2024
↑ $24.7B since 2014
Debt service / exports
12.9% · 2024
↓ 0 pts since 2014
Trade & Resources
Exports, imports, trade partners and products, investment and remittance flows, oil and commodities.
Trade profile
| Flow | Latest | Change |
|---|---|---|
| Exports | $77.4B · 2025 | ↑ $41.1B since 2014 |
| Imports | $93.9B · 2025 | ↑ $44B since 2014 |
| Balance derived | −$16.5B · 2025 | ↓ $2.8B since 2014 |
Show trade trend charts (3)
Exports
$77.4B · 2025
↑ $41.1B since 2014
Imports
$93.9B · 2025
↑ $44B since 2014
Balance
−$16.5B · 2025
↓ $2.8B since 2014
Top exports · 2025
Products
Show all 10 products
Partners
Show all 10 partners
Top imports · 2025
Products
Show all 10 products
Partners
Show all 10 partners
2025 filings are still arriving — this page updates as each country reports
Annual indicators
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Exports of goods and services Goods and services, current US$ | $77.4B | 2025 | ↑ $41.1B since 2014 | World Bank | CSV Rank Compare |
| Exports per capita derived Current US$ per person (derived) | $2,013 | 2025 | ↑ $954.23 since 2014 | Derived from World Bank series on this page | CSV Rank Compare |
| Current account / GDP Current-account balance, % of GDP Latest 1–2 years are IMF estimates | -3.1% | 2026 | ↑ 2.5 pts since 2014 | IMF World Economic Outlook Oct 2025 | CSV Rank Compare |
| FDI inflows Foreign direct investment, net inflows, current US$ | $3.3B | 2025 | ↓ $207M since 2014 | World Bank | CSV Rank Compare |
| Remittances Personal remittances received, current US$ | $13.7B | 2025 | ↑ $5.9B since 2014 | World Bank | CSV Rank Compare |
| Terms of trade Net barter terms of trade, index (2015 = 100) | 85.30 | 2024 | ↓ 17.70 since 2014 | World Bank | CSV Rank Compare |
| Tourist arrivals International tourist arrivals per year | 2.8M | 2020 | ↓ 7.7M since 2014 | World Bank | CSV Rank Compare |
Show trend charts (7)
Exports of goods and services
$77.4B · 2025
↑ $41.1B since 2014
Exports per capita
$2,013 · 2025
↑ $954.23 since 2014
Current account / GDP
-3.1% · 2026
↑ 2.5 pts since 2014
FDI inflows
$3.3B · 2025
↓ $207M since 2014
Remittances
$13.7B · 2025
↑ $5.9B since 2014
Terms of trade
85.30 · 2024
↓ 17.70 since 2014
Tourist arrivals
2.8M · 2020
↓ 7.7M since 2014
People & Society
Population, health, education, poverty and inequality, access to services and democracy.
| Indicator | Latest | Year | Change | Source | Data |
|---|---|---|---|---|---|
| Population People, total | 38.4M | 2025 | ↑ 4.2M since 2014 | World Bank | CSV Rank Compare |
| Median age Years | 29.2 years | 2023 | ↑ 3.1 years since 2014 | UN WPP 2024, via Our World in Data | CSV |
| Life expectancy Years at birth | 75.5 years | 2024 | ↑ 3 years since 2014 | World Bank | CSV Rank Compare |
| Child mortality Under-5 deaths per 1,000 live births | 15.7 per 1,000 | 2024 | ↓ 8.8 since 2014 | World Bank | CSV Rank Compare |
| Health expenditure Current health spending, % of GDP | 6.1% | 2023 | ↑ 0.6 pts since 2014 | World Bank | CSV Rank Compare |
| Physicians Per 1,000 people | 0.7 per 1,000 | 2021 | ↓ 0.2 since 2014 | World Bank | CSV Rank Compare |
| Adult literacy % of people aged 15 and over | 64.3% | 2014 | — | World Bank | CSV Rank Compare |
| Tertiary enrollment Gross enrolment ratio, % | 48.2% | 2024 | ↑ 22.9 pts since 2014 | World Bank | CSV Rank Compare |
| National poverty line % of people below the national poverty line | 3.9% | 2022 | — | World Bank | CSV |
| Electricity access % of population | 100% | 2024 | ↑ 2.7 pts since 2014 | World Bank | CSV Rank Compare |
| Internet users % of population using the internet | 91.2% | 2024 | ↑ 34.4 pts since 2014 | World Bank | CSV Rank Compare |
| Account ownership % of people aged 15+ with an account Findex · every 3–4 years | 44.4% | 2024 | ↑ 0 pts since 2021 | World Bank | CSV Rank Compare |
| Electoral democracy V-Dem electoral democracy index, 0 to 1 | 0.26 | 2025 | ↓ 0.01 since 2014 | V-Dem Institute | CSV Rank Compare |
Not available for Morocco: Poverty ($3/day), Gini index.
Show trend charts (13)
Population
38.4M · 2025
↑ 4.2M since 2014
Median age
29.2 years · 2023
↑ 3.1 years since 2014
Life expectancy
75.5 years · 2024
↑ 3 years since 2014
Child mortality
15.7 per 1,000 · 2024
↓ 8.8 since 2014
Health expenditure
6.1% · 2023
↑ 0.6 pts since 2014
Physicians
0.7 per 1,000 · 2021
↓ 0.2 since 2014
Adult literacy
64.3% · 2014
Tertiary enrollment
48.2% · 2024
↑ 22.9 pts since 2014
National poverty line
3.9% · 2022
Electricity access
100% · 2024
↑ 2.7 pts since 2014
Internet users
91.2% · 2024
↑ 34.4 pts since 2014
Account ownership
44.4% · 2024
↑ 0 pts since 2021
Electoral democracy
0.26 · 2025
↓ 0.01 since 2014
Downloads
Each indicator row above has its own CSV link. Every file starts with its source, source URL and page link. All downloads
- FX history (official, market, premium) (CSV)
- Official exchange rate, annual (CSV)
- Headline inflation, monthly (CSV)
- GDP (CSV)
- Debt to GDP (CSV)
- Population (CSV)