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Morocco — Market Overview

Africa>Morocco

🇲🇦 Morocco

Morocco usually trades as a balance between domestic financial stability and external industrial demand, with tourism, autos, and phosphate-linked exports helping define the medium-term macro narrative. The cleanest read usually comes from consumer and bank resilience, export manufacturing and tourism receipts, and whether policy keeps the dirham and inflation backdrop stable.

Regionale Karte

Eckdaten

Morocco auf einen Blick

Capital

Rabat

Currency

Moroccan Dirham (MAD)

Primary exchange

Casablanca Stock Exchange

Central bank

Bank Al-Maghrib

Region

Africa

Time zone

Africa/Casablanca

Country dashboard

Warum dieser Markt wichtig ist

This first pass is built as a reusable country page instead of a static essay. The page now combines a stylized country map, a switchable line-chart explorer, and linked peer countries so users can move from Morocco into the rest of the region without losing the macro frame.

Makro-Explorer

Variablen wechseln, den Länderkontext behalten

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Morocco starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.

2.5%3.0%3.5%4.0%4.5%5.0%201020112012201320142015201620172018201920202021202220232024
Klicken Sie auf ein Jahr, um ab diesem Punkt zu zoomen.

Verfügbare Variablen

Real GDP growth

2.8%
1J-Trend-0.5%
Ø Wachstum-0.8%

Was das signalisiert

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 0.5%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.

Handel und Außenposition

Exporte, Dienstleistungen und Außenbilanz

Statt einer generischen Wand aus Makro-Karten konzentriert sich dieser Abschnitt darauf, wie das Land Nachfrage aus dem Ausland gewinnt, wo sein Handelsvorteil liegt und wie sich die Außenbilanz entwickelt.

Gesamthandel MoroccoMAD 148,1 Mrd.
Waren
Dienstleistungen
Waren
Dienstleistungen
ExportMAD 67,5 Mrd.
MAD 80,6 Mrd.Import
Außenbilanz2024
Exporte +MAD 67,5 Mrd.
Importe -MAD 80,6 Mrd.
Saldo-MAD 13,2 Mrd.
MAD 67,5 Mrd.
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Morocco is capturing across both physical products and higher-value intangible flows.

MAD 45,2 Mrd.
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

MAD 28,2 Mrd.
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Morocco is strongest in higher-margin, knowledge-intensive, and branded service activities.

Handelszusammensetzung

Was das Land exportiert

Handelspartner

Wohin das Land handelt

Rohstoff-Perspektive

Rohstoff-Exposure

Trade openness92.2%

Trade in goods and services equaled 92.2% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports41.8%

Services represented 41.8% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share82.9%

Manufactures accounted for 82.9% of merchandise exports in 2024.

Fuel share0.8%

Fuel exports accounted for 0.8% of merchandise exports in 2024, useful for reading commodity exposure.

Food share12.5%

Food exports accounted for 12.5% of merchandise exports in 2024, adding context on agricultural exposure.

Worauf man achten sollte

Leserahmen

01

domestic banks

Morocco should first be read through domestic banks. When this regime shifts, local multiples and sector leadership usually shift with it.

02

export manufacturing

The cleanest read usually comes from consumer and bank resilience, export manufacturing and tourism receipts, and whether policy keeps the dirham and inflation backdrop stable. That makes export manufacturing one of the most important signals for revising the country narrative.

03

tourism and services

The final layer is tourism and services, because it determines whether the macro backdrop turns into sustainable earnings support for the MASI.

Weitere Länder

Weiter durch Africa

Jede Karte öffnet dieselbe Ländervorlage mit eigener Karte, umschaltbaren Makrovariablen und Benchmark-Ansicht. Dies ist das erste verknüpfte Netzwerk von Länderseiten in der Region.