Morocco Economic SnapshotJune 2016
June 2016
Morocco
General Information
Infrastructures
Data sources : 1- Bank Al Maghrib - 2 -Office National des Aéroports -3- Agence Nationale des Ports
1. Tangier - Tetouan
2. Oriental - Rif
3. Fez - Meknes
4. Rabat - Sale - Kenitra
5. Beni Mellal - Khenifra
6. Casablanca - Settat
7. Marrakech - Safi
8. Darâa - Tafillalet
9. Souss - Massa
10. Goulmim - Ouadnoun
11. Laâyoune - Sakia al Hamra
12. Dakhla - Oued Eddahab
18 airports²1 626 km of
highway network27 ports 3 1 102 km
of railway network
Institutional System Constitutional monarchy
Administrative Capital Rabat
Economic Capital Casablanca
Major Cities Marrakech, Agadir, Tangier, Fez, Oujda, Meknes, Tetouan
Overall Surface Area 710 850 square km
Maritime Façades 3 446 Km
Time Zone GMT (GMT+1 from March to October)
Official languages Arabic and Amazigh
Most used languages French, English, Spanish
Exchange rate (1 USD) 9.9047 MAD ( December 2015)1
Regional Breakdown
1
2
12
11
10
9 8
7
43
5
6
The Kingdom of Morocco is located in the
extreme north of the African Continent,
and is bordered by the Mediterranean Sea
to the North, the Atantic Ocean to the
West, Mauritania to the South and Algeria
to the East.
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Economy
Source : Haut Commissariat au Plan
Source: Agence Nationale de Réglementation des Télécommunications
Source : Bank Al-Maghrib, Haut Commissariat au Plan
Source: Bank Al-Maghrib, Office des changes
*Projections
Technological Advances
Population & Demography
GDP GROWTH (IN CONSTANT M USD)
EXPORTS, IMPORTS AND TRADE BALANCE FROM 2010 TO 2015
EVOLUTION OF THE MOROCCAN POPULATION FROM 1971 TO 2014
MOBILE PHONE AND INTERNET SUBSCRIBERS‘ PENETRATION RATES OVER THE PERIOD 1971- 2014
EVOLUTION OF INFLATION AND THE REAL ESTATE ASSETS PRICE INDEX OVER THE PERIOD (2011- 2015)
1971 1982 1994 2004 2014
15 379 259
20 419 555
26 073 717
29 891 708
33 848 242
MOBILE PHONE PENETRATION RATE INTERNET SUBSCRIBERS‘ PENETRATION RATE
30,05
132,96
2014
42,75
127,27
2015
12,17
119,97
2012
129,13
17,58
2013
2013 2014 2015
2,9
2011
0,9
2012
0,9
1,71,31,9
0,40,8
-1,4-1,4
INFLATION IPAI
CAF IMPORTS CAF (IN MILLION MAD)TRADE BALANCE (IN MILLION MAD)
FOB EXPORTS (IN MILLION MAD)
2010 2011 2012 2013 2014 2015* 2016* 2017*
75 523 79 289 81 405 84 972 87 143 89 984 92 697 95 410
2010 2011 2012 2013 2014 2015
297 963
149 583
-148 380
357 770
174 994
-182 776
386 949
184 885
-202 064
381 277
184 626
-196 651
388 080
200 808
-187 272
366 529
214 138
-152 391
In 2015, growth of GDP settled at 4.6% against 2.4% in the
previous year.
Gross Domestic Product
Exports, Imports and Trade Balance
Inflation and « IPAI »
Between 2014 and 2015, the trade deficit for both goods and
services decreased by 34.4 B MAD decreasing from -187.3 to -152.4 B
MAD respectively. These figures are explained by a 13.3 B MAD
growth in exports coupled with a 21.55 B MAD decline in imports.
This growth in exports is mainly due to a sales increase in the
automotive sector as well as the phosphates and derivatives indus-
tries. As for the decline in imports, it can be owedto a generalized
downward trend in the costs of goods,
In comparison with 2014, 2015 annual inflation indicator jumped by
130 points.
As for the Real Estate Assets Price index or « Indice des Prix des
Actifs Immobiliers » (IPAI), it showed a slight increase of 0.8 % in
2015. This figure can be explained by a 1.7 % rise in land prices and
another 0.4 % rise in residential real estate units. Commercial real
estate prices have remained stable.
The telecommunications sector is currently witnessing solid
growth in Morocco thanks to the liberalization of mobile use on
the one hand and the stock market listing of Maroc Telecom. This
sector currently employs more than 50 000 people and contri-
butes by 7% to the GDP.
Morocco has witnessed an extremely rapid demographic
transition , doubling its population from1971 to 2014.
36 A, Boulevard AnfaCasablanca - Maroc+212 522 263 260
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