Current Account in Morocco

Morocco Current Account (USD bn) | Economic News & Forecasts

Morocco - Current Account (billions of U.S. Dollars)

Growth was likely subdued in Q1 due to a decline in the agricultural sector, which suffered from a high base effect. FDI inflows also tumbled, while remittances decreased, likely dampening investment and private consumption growth. Moreover, nominal trade data indicates weak momentum, as export growth was meek despite strong demand for goods—owing to a contraction of service exports. On the flipside, broadly flat imports led to a narrowing of the trade deficit, and public finances improved in Q1. Lastly, the labor market tightened, supported mainly by job gains in the service sector. The economic picture will likely be similar in Q2, as a further fall in agricultural output is poised to dampen solid momentum elsewhere.

Morocco - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-8.5  -6.6  -2.2  -4.4  -3.9  

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Morocco Facts

ValueChangeDate
Bond Yield3.380.0 %May 31
Exchange Rate9.66-0.29 %Jun 14
Stock Market11,073-0.23 %Jun 14

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