According to statistics published by Country Economy, a trusted website that provides macroeconomic data for 196 countries around the world, Morocco’s GDP grew by 3% in 2018 and continues to rise. This new data highlights how the country is safe and recommended for international investment.
Morocco’s GDP from 2017 to 2019 rose by $8,786 million with a 2018 income of $118,495 million. Morocco ranks 61st for GDP among the countries it listed in Country Economy.
The 2018 GDP per capita in Morocco was $3,289. In 2017, it was $206 less. Compared to Morocco’s GDP per capita in 2008, listed at $2,947, the North African country’s economy is on an upward slope. Country Economy also lists the evolution of GDP dating back to 1960 which offers a capsule snapshot of each country. At that time, Morocco’s GDP per capita was $165 and its annual GDP was $2,037 million.
In addition to the GDP, Country Economy’s website cites Morocco’s credit rating, by Moody, S&P, and Fitch as a grade of Ba1(stable). The S&P determined Morocco has a stable rating compared to 2018 and gave Morocco a BBB- indicating that it is safe to invest in Morocco.
On October 4, 2019, the S&P stated that Morocco is “stable, balancing our expectation of further fiscal consolidation and gradual improvement in the current account position over the next two years. Additionally, we expect real GDP growth in Morocco at about 2.8% in 2019. This reflects a slowdown in Europe, as well as decelerating growth in the country’s agricultural output.”
The Country Economy website publishes data on CPI, GDP, Unemployment, Euribor, mortgages, interest, rates, country risk premium, bonds, stocks, minimum wage, rating, debt, education, and several other categories.