MOROCCO : Economic and Financial Data
						Date of last update:
						July 1st, 2009
		Français
The data shown in this page correspond to the data described on the International Monetary Fund’s Dissemination Standards Bulletin Board (DSBB). Some of prescribed breakdowns (underlined items) are shown on additional webpages rather than on the main page. For a fuller explanation of the DSBB and the statistical standards to which Morocco has committed, please click on DSBB Home Page at
http://dsbb.imf.org/
	[Real Sector]	[Fiscal Sector]	[Financial Sector]	[External Debt]	[External Sector]	[Population]
Data Category and Component	Unit	Latest Period	Data for Latest Period	Data for Previous Period	% Change	Other Information   (Hyperlink)
Real Sector
I-National Accounts						Haut Commissariat au Plan
a) GDP at constant prices (1998)	MDH	Q1/09	149 904	145 602	3,0
Agriculture	MDH	Q1/09	23 845	20 363	17,1
Fishing	MDH	Q1/09	706	916	-22,9
Extractive industry	MDH	Q1/09	1 789	2 468	-27,5
Manufacturing Industry	MDH	Q1/09	20 494	19 357	5,9
Electricity	MDH	Q1/09	4 931	4 402	12,0
Construction and Public works	MDH	Q1/09	7 087	7 139	-0,7
Trade	MDH	Q1/09	16 371	15 903	2,9
Hotels and restraurants	MDH	Q1/09	2 530	2 789	-9,3
Trasnport	MDH	Q1/09	7 119	7 329	-2,9
Communication	MDH	Q1/09	8 814	8 720	1,1
Finance and Insurance	MDH	Q1/09	7 820	8 565	-8,7
Services provided to firms and personal services	MDH	Q1/09	16 464	15 715	4,8
Public Administration	MDH	Q1/09	11 276	11 082	1,8
Education, Health and social action	MDH	Q1/09	12 107	11 855	2,1
b) GDP at current prices	MDH	Q1/09	178 896	174 890	2,3
Agriculture	MDH	Q1/09	26 377	21 332	23,6
Fishing	MDH	Q1/09	1 509	1 987	-24,1
Extractive industry	MDH	Q1/09	9 631	9 785	-1,6
Manufacturing Industry	MDH	Q1/09	22 709	21 119	7,5
Electricity	MDH	Q1/09	4 153	4 211	-1,4
Construction and Public works	MDH	Q1/09	10 261	9 620	6,7
Trade	MDH	Q1/09	17 394	17 907	-2,9
Hotels and restraurants	MDH	Q1/09	3 517	4 260	-17,4
Trasnport	MDH	Q1/09	5 535	6 572	-15,8
Communication	MDH	Q1/09	5 318	5 492	-3,2
Finance and Insurance	MDH	Q1/09	9 637	10 592	-9,0
Services provided to firms and personal services	MDH	Q1/09	23 470	22 119	6,1
Public Administration	MDH	Q1/09	14 031	13 791	1,7
Education, Health and social action	MDH	Q1/09	15 651	15 324	2,1
II- Production index
Manufacturing production index	1998=100	Q1/09	150,8	150,6	0,1
III- Labour Market
Active population employed	Thousands	Q1/09	10 236	10 196	0,4
Unemployement rate	%	Q1/09	9,6%	9,5%
Wages index	2004=100	Q1/09	116,8	119,1	-1,9
IV-Price Indices
Consumer prices	1989=100	May/09	186,6	189,0	-1,3
Producer prices	1997=100	May/09	125,6	124,4	1,0
Fiscal Sector
I-General Government or Public Sector Operations						Ministère des Finances et de la Privatisation
Revenues	MDH	2008	253 097	208 639	21,3
Expenditure	MDH	2008	224 373	183 902	22,0
Balance, (Deficit-/Surplus+)	MDH	2008	28 723	24 737
Financing	MDH	2008	25 610	24 980	2,5
Domestic	MDH	2008	-27 549	-25 753	7,0
Bank	MDH	2008
Non-bank	MDH	2008
Foreign	MDH	2008	1 939	773	150,8
II-Central Government Operations						Ministère des Finances et de la Privatisation
1-Revenues	MDH	May/09	72 897	82 550	-11,7
2-Current expenditures	MDH	May/09	61 363	66 062	-7,1
Of which : interest on domestic debt	MDH	May/09	7 028	7 489	-6,2
interest on external debt	MDH	May/09	1 133	983	15,3
3-(Surplus+/Deficit-) balance	MDH	May/09	-488	8 123
4-Net Domestic Financing	MDH	May/09	-6 583	-13 172
Banks
Other
5-Net Foreign Financing	MDH	May/09	643	2 327
III-Central Government Debt						Ministère des Finances et de la Privatisation
1-Outstanding debt by maturity
Domestic debt	MDH	Q1/09	264 692	257 109	2,9
Short-term debt (< 1 year)	MDH	Q1/09	65 336	61 106	6,9
Medium and long-term debt (> 1 year)	MDH	Q1/09	199 356	196 003	1,7
External debt	MDH	Q1/09	68 636	68 239	0,6
Short-term debt (< 1 year)	MDH	Q1/09	0	0
Medium and long-term debt (> 1 year)	MDH	Q1/09	69 642	68 670	1,4
Total outstanding debt	MDH	Q1/09	333 328	325 348	2,5
2-Outstanding external debt by currency		Q1/09
* Dollar US	MDH	Q1/09	8 280	8 185	1,2
* Euro	MDH	Q1/09	53 247	52 222	2,0
* Japanese Yen	MDH	Q1/09	2 465	2 597	-5,1
* Other currencies	MDH	Q1/09	5 650	5 666	-0,3
3-Outstanding guaranteed debt		Q1/09
Domestic	MDH	Q1/09	9 502	9 197	3,3
External	MDH	Q1/09	67 984	65 286	4,1
Financial Sector
A/ Analytical accounts of the Banking Sector						Bank Al-Maghrib
M1	MDH	May/09	471 354	470 479	0,2
M2	MDH	May/09	553 767	552 778	0,2
M3	MDH	May/09	714 680	712 908	0,2
Net foreign assets	MDH	May/09	194 076	193 901	0,1
external assets of banks	MDH	May/09	201 670	202 653	-0,5
liabilities of banks	MDH	May/09	7 594	8 752	-13,2
Total domestic lending	MDH	May/09	644 025	638 483	0,9
Of which: claims on the Government ( net)	MDH	May/09	83 343	81 111	2,8
Of which: claims on the private sector	MDH	May/09	546 102	542 792	0,6
local governments;	MDH	May/09	7 636	7 499	1,8
other financial corporations;	MDH	May/09	58 230	58 090	0,2
public non-financial corporations;	MDH	May/09	27 251	25 162	8,3
other nonfinancial corporations; and	MDH	May/09	295 250	308 688	-4,4
other resident sectors	MDH	May/09	157 735	143 353	10,0
Less : Resources of a non monetary nature	MDH	May/09	83 418	80 918	3,1
Domestic credit of a monetary nature	MDH	May/09	560 607	557 565	0,5
B/ Analytical accounts of the Central bank
Foreign assets	MDH	May/09	179 718	184 660	-2,7
External liabilities	MDH	May/09	2 741	2 645	3,6
Claims on government	MDH	May/09	-4 231	-4 572	-7,5
Claims on banks	MDH	May/09	20 007	14 001	42,9
Monetary base	MDH	May/09	186 317	183 768	1,4
C/ Interest rates (Daily)						Bank Al-Maghrib
Main money market rates
Government bond yield
D/ Stock Exchange index (Daily)
Stock exchange						BVC
External Sector
A-Balance of payments *						Office des Changes
Current account	MDH	Q1/09	-9 289,7	-18 179,2	8 889,5
Imports of goods (FOB)	MDH	Q1/09	-56 801,4	-66 768,5	9 967,1
Exports of goods (FOB)	MDH	Q1/09	27 238,4	28 539,0	-1 300,6
Services: credit	MDH	Q1/09	20 574,4	21 523,7	-949,3
Services: debit	MDH	Q1/09	-12 276,4	-14 214,3	1 937,9
Income: credit	MDH	Q1/09	2 475,1	1 450,9	1 024,2
Income: debit	MDH	Q1/09	-2 725,7	-3 868,7	1 143,0
Current transfers: credit	MDH	Q1/09	12 693,9	15 567,6	-2 873,7
Current transfers: debit	MDH	Q1/09	-468,0	-408,9	-59,1
Capital account	MDH	Q1/09	-4,2	2,4	-6,6
Capital account: credit	MDH	Q1/09	0,3	4,6	-4,3
Capital account: debit	MDH	Q1/09	-4,5	-2,2	-2,3
Financial account	MDH	Q1/09	10 529,6	17 133,3	-6 603,7
Direct investment abroad	MDH	Q1/09	-727,6	-795,7	68,1
Direct investment in reporting economies	MDH	Q1/09	7 005,7	5 740,7	1 265,0
Portfolio investment, assets	MDH	Q1/09	-323,3	-1 606,6	1 283,3
Portfolio investment, liabilities	MDH	Q1/09	35,2	-814,1	849,3
Other investment, assets	MDH	Q1/09	-4 567,3	-10 911,0	6 343,7
Other investment, liabilities	MDH	Q1/09	9 605,2	10 460,5	-855,3
Reserves assets	MDH	Q1/09	-498,3	15 059,5	-15 557,8
Net errors and omissions	MDH	Q1/09	-1 235,7	1 043,5	-2 279,2
B-International reserves and foreign currency liquidity						Bank Al-Maghrib
I-International reserves
Gold	MDH	May/09	5 509	5 307	3,8
SDR's	MDH	May/09	153	157	-2,5
Foreign currencies	MDH	May/09	172 998	178 131	-2,9
IMF reserve position	MDH	May/09	1 058	1 065	-0,7
Total	MDH	May/09	179 718	184 660	-2,7
II-Reserves Template		May/09
C-Merchandise Trade						Office des Changes
Total exports (FOB)	MDH	May/09	8 839,2	9 930,3	-11,0
Total imports (CAF)	MDH	May/09	23 295,8	22 758,0	2,4
D- International Investment position						Office des Changes
Direct Investment (net)	MDH	2008	-304 334,0	-287 518,2	5,8
Direct Investment abroad	MDH	2008	13 197,6	10 313,6	28,0
Inward FDI	MDH	2008	-317 531,6	-297 831,8	6,6
Equity capital	MDH	2008	-301 180,6	-281 769,9	6,9
Other capital	MDH	2008	-16 351,0	-16 061,9	1,8
Potfolio Investment	MDH	2008	-16 722,0	-18 212,8	-8,2
Assets	MDH	2008	7 779,7	7 063,9	10,1
Liabilities	MDH	2008	-24 501,7	-25 276,7	-3,1
Equity securities	MDH	2008	-24 501,7	-25 229,1	-2,9
Debt securities	MDH	2008		-47,6
Other Investments	MDH	2008	-150 146,8	-134 027,9	12,0
Trade credits	MDH	2008	-2 260,8	-2 196,6	2,9
Assets	MDH	2008	8 063,2	6 516,0	23,7
Liabilities	MDH	2008	-10 324,0	-8 712,6	18,5
Loans- assets	MDH	2008	4 785,8	6 035,8	-20,7
General government	MDH	2008		0,0	-
Banks	MDH	2008	3 791,7	5 041,7	-24,8
Other sectors	MDH	2008	994,1	994,1	-
Public sector	MDH	2008		0,0	-
Private sector	MDH	2008	994,1	994,1	-
Loans- liabilities	MDH	2008	-140 661,6	-128 873,2	9,1
General government	MDH	2008	-68 670,0	-65 946,0	4,1
Banks	MDH	2008	-2 145,0	-2 455,0	-12,6
Other sectors	MDH	2008	-69 846,6	-60 472,2	15,5
Public sector	MDH	2008	-63 141,0	-53 642,0	17,7
Private sector	MDH	2008	-6 705,6	-6 830,2	-1,8
Currency and deposits	MDH	2008	-12 714,2	-9 680,8	31,3
Assets	MDH	2008	589,4	1 465,3	-59,8
Liabilities	MDH	2008	-13 303,6	-11 146,1	19,4
Other assets	MDH	2008	704,0	686,9	2,5
Reserv assets	MDH	2008	208 908,5	218 432,2	-4,4
E-Exchange rate (quotidien)						Bank Al-Maghrib
GROSS EXTERNAL DEBT
I - General Government	MDH	Q1/09	70 193,0	69 225,0	1,4	Ministère des Finances et de la Privatisation
a) Short-term	MDH	Q1/09	0,0	0,0
Money market instruments	MDH	Q1/09
Loans	MDH	Q1/09
Trade credits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
b) Long term	MDH	Q1/09	70 193,0	69 225,0	1,4
Bonds and notes	MDH	Q1/09	5 375,0	4 780,0	12,4
Loans	MDH	Q1/09	64 818,0	64 445,0	0,6
Trade credits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
II - Monetary Authorities	MDH	Q1/09	2 661,0	2 658,0	0,1	Bank Al-Maghrib
a) Short-term	MDH	Q1/09	2 661	2 658	0,1
Money market instruments	MDH	Q1/09
Loans	MDH	Q1/09
Currency and deposits	MDH	Q1/09	2 661	2 658	0,1
Other debt liabilities	MDH	Q1/09
b) Long term	MDH	Q1/09	0,0	0,0
Bonds and notes	MDH	Q1/09
Loans	MDH	Q1/09
Currency and deposits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
III - Banks	MDH	Q1/09	5 213	5 648	-7,7	Bank Al-Maghrib
a) Short-term	MDH	Q1/09	2 809	2 889	-2,8
Money market instruments	MDH	Q1/09
Loans	MDH	Q1/09	2 051	1 727	18,8
Currency and deposits	MDH	Q1/09	654	1 058	-38,2
Other debt liabilities	MDH	Q1/09	104	104	0,0
b) Long term	MDH	Q1/09	2 404	2 759	-12,9
Bonds and notes	MDH	Q1/09
Loans	MDH	Q1/09	2 404	2 759	-12,9
Currency and deposits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
IV - Other Sectors	MDH	Q1/09	82 241,8	79 615,6	3,3
A- Public entreprises debt and guaranteed debt	MDH	Q1/09	65 358,0	62 586,0	4,4	Ministère des Finances et de la Privatisation
a) Short-term	MDH	Q1/09	0,0	0,0
Money market instruments	MDH	Q1/09
Loans	MDH	Q1/09
Currency and deposits	MDH	Q1/09
Trade credits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
b) Long term	MDH	Q1/09	65 358,0	62 586,0	4,4
Bonds and notes	MDH	Q1/09
Loans	MDH	Q1/09	65 358,0	62 586,0	4,4
Currency and deposits	MDH	Q1/09
Trade credits	MDH	Q1/09
Other debt liabilities	MDH	Q1/09
B- Private debt non guaranteed by the Government	MDH	Q1/09	16 883,8	17 029,6	-0,9	Office des Changes
a) Short-term	MDH	Q1/09	11 070,3	10 350,4	7,0
Money market instruments	MDH	Q1/09
Loans	MDH	Q1/09	39,2	47,5	-17,5
Currency and deposits	MDH	Q1/09
Trade credits	MDH	Q1/09	11 031,1	10 302,9	7,1
Other debt liabilities	MDH	Q1/09
b) Long term	MDH	Q1/09	5 813,5	6 679,2	-13,0
Bonds and notes	MDH	Q1/09
Loans	MDH	Q1/09	5 792,5	6 658,1	-13,0
Currency and deposits	MDH	Q1/09
Trade credits	MDH	Q1/09	21,0	21,1	-0,5
Other debt liabilities	MDH	Q1/09
V - Direct Investment	MDH	Q1/09	16 613,2	16 351,0	1,6
Debt liabilities to direct investors	MDH	Q1/09	16 613,2	16 351,0	1,6
Gross external debt	MDH	Q1/09	176 922	173 498	2,0
POPULATION
Population	Thousands	2004	29 839	29 520	1,1	Haut Commissariat au Plan
* Changes in balances are expressed in millions of dirhams (MDH)