Morocco

Description of Morocco

Welcome to the insightful world of geopolitical and macroeconomic analysis, where we delve deep into the intricate web of statistics to understand the dynamics shaping nations. Today, our focus is on the Kingdom of Morocco, a vibrant country straddling the crossroads of Africa and Europe. As we explore the macroeconomic indicators and geopolitical landscape of Morocco, we aim to unravel the complexities that drive its development and influence its interactions with the global community.

Population And Age Structure

Population, total: Morocco's population of 36,688,772 is below the average population of 40,097,746. Morocco is ranked 40th out of 194 countries in terms of population.

Population ages 0-14 (% of total population): With 27.09% of the population aged 0-14, Morocco is slightly below the average of 27.34%. Morocco ranks 90th out of 194 countries in this demographic.

Population ages 0-14, total: The total population aged 0-14 in Morocco is 9,939,593, lower than the average of 10,327,379. Morocco is ranked 44th out of 194 countries in this category.

Population ages 15-64 (% of total population): Morocco's 65.76% population aged 15-64 is above the average of 63.44%. In this demographic, Morocco is ranked 73rd out of 194 countries.

Population ages 15-64, total: With a population of 24,125,464 aged 15-64, Morocco is below the average of 26,003,407. Morocco holds the 39th rank out of 194 countries for this group.

Population ages 65 and above (% of total population): Morocco's 7.15% population aged 65 and above is below the average of 9.22%. Morocco ranks 90th out of 194 countries in this age category.

Population ages 65 and above, total: Morocco has 2,623,715 people aged 65 and above, significantly lower than the average of 3,766,959. Morocco holds the 38th rank out of 194 countries in this demographic.

Summary

Morocco has a population below the global average, with a relatively lower percentage of individuals aged 0-14 and 65 and above compared to the world average. However, it has a higher percentage of the population aged 15-64. These demographic indicators are crucial for policymakers and economists to understand the country's workforce dynamics, healthcare needs, and potential future social welfare obligations.

Population Miscellaneous

- The Rural Population in Morocco is 13,379,661, which is below the average of 18,044,041. Morocco is ranked 40th out of 190 countries in terms of rural population.

- Morocco's Rural Population (% of total population) stands at 36.468%, below the average of 41.158%. This places Morocco at the 104th position out of 190 countries in this category.

- The Urban Population of Morocco is 23,309,111, slightly above the average of 22,425,747. Morocco ranks 37th out of 194 countries in urban population.

- With an Urban Population (% of total population) of 63.532%, Morocco exceeds the average of 59.691%. This places Morocco at the 91st position out of 194 countries.

- Morocco's Age Dependency Ratio (% of working-age population) is 52.075%, lower than the average of 59.219%. The country ranks 122nd out of 194 in this aspect.

- The Crude Birth Rate in Morocco is 17.889 per 1,000 people, below the average of 19.384. This places Morocco at the 91st position out of 192 countries.

- Morocco's Crude Death Rate is 6.073 per 1,000 people, lower than the average of 8.214. The country ranks 151st out of 192 countries in this regard.

- The Total Fertility Rate in Morocco is 2.353 births per woman, below the average of 2.603. Morocco is ranked 86th out of 190 countries for fertility rate.

Summary

Morocco exhibits a lower rural population and rural population percentage compared to global averages, yet surpasses the average in urban population and urban population percentage. The country also demonstrates a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate compared to global averages. These statistics indicate a demographic trend towards urbanization and potentially a more stable population growth pattern, which could have implications for economic development, healthcare, and social welfare policies in Morocco.

Military

Analysis of key military-related statistics for Morocco:

1. Military expenditure (current USD): Morocco's military expenditure is $4.83 billion, ranking 39th out of 149 countries. This is significantly below the average expenditure of $12.90 billion.

2. Military expenditure (% of GDP): Morocco allocates 4.21% of its GDP to military spending, ranking 9th out of 148 countries. This is notably above the average of 1.90%.

3. Arms imports (SIPRI trend indicator values): Morocco's arms imports stand at $12 million, ranking 80th out of 113 countries. This is substantially lower than the average of $205.52 million.

4. Armed forces personnel, total: Morocco has 246,000 armed forces personnel, ranking 28th out of 164 countries. This exceeds the average of 165,908 personnel.

5. Armed forces personnel (% of total labor force): 2.06% of Morocco's total labor force are armed forces personnel, ranking 25th out of 164 countries. This percentage is higher than the average of 1.28%.

Summary

Morocco's military expenditure is below the global average, but it allocates a higher percentage of its GDP to military spending compared to most countries. Despite having a lower amount of arms imports, Morocco boasts a relatively larger number of armed forces personnel, both in total and as a percentage of its labor force. These statistics indicate that Morocco prioritizes internal security and defense, potentially influencing its regional power dynamics and ability to respond to security threats effectively.

Natural Resources

- Forest area (sq. km): Morocco has a forest area of 57,424.9 sq. km. This is below the average forest area of 211,606.11 sq. km, ranking Morocco 72nd out of 191 countries in the dataset.

- Land area (sq. km): Morocco's land area of 446,300 sq. km is below the average of 665,166.51 sq. km, placing Morocco at the 54th rank out of 194 countries.

- Surface area (sq. km): With a surface area of 446,550 sq. km, Morocco falls below the average of 689,779.56 sq. km, ranking 57th out of 194 countries.

- Arable land (hectares): Morocco's arable land area is 7,624,000 hectares, exceeding the average of 7,329,543.16 hectares, positioning Morocco at the 33rd rank out of 190 countries.

- Land under cereal production (hectares): Morocco cultivates 4,449,871 hectares of land for cereal production, higher than the average of 4,206,011.63 hectares, ranking Morocco 32nd out of 174 countries.

- Average precipitation in depth (mm per year): Morocco receives an average precipitation depth of 346 mm per year, significantly below the average of 1157.83 mm per year. Morocco is placed at the 150th rank out of 178 countries.

- Renewable internal freshwater resources, total (billion cubic meters): Morocco has 29 billion cubic meters of renewable internal freshwater resources, far below the average of 240.41 billion cubic meters. Morocco ranks 94th out of 178 countries in this aspect.

Summary

Morocco's key macroeconomic indicators reveal its unique position in terms of natural resources and agricultural potential. While the country has a relatively small forest area and low average precipitation depth, it boasts a substantial amount of arable land and land dedicated to cereal production. The below-average renewable internal freshwater resources may pose challenges for sustaining agricultural activities in the long run. These indicators are crucial as they highlight Morocco's strengths and vulnerabilities in the agriculture sector, influencing its food security, economic development, and environmental sustainability.

Resource Rents

Analysis of key natural resource rents statistics for Morocco:

Summary

In analyzing key natural resource rent statistics for Morocco, it is evident that the country significantly lags behind global averages in terms of total natural resource rents, forest rents, oil rents, natural gas rents, and mineral rents as a percentage of GDP. Morocco's rankings across these categories also indicate lower utilization and extraction of natural resources compared to other nations.

These findings are important as they highlight the limited contribution of natural resource rents to Morocco's GDP, signaling potential challenges in harnessing and maximizing the economic benefits of its natural resources. This underscores the need for strategic resource management policies to enhance the country's economic development and competitiveness in the global market.

Commodities

For Cereal production (metric tons), Morocco's value of 3,325,551.12 is significantly below the average of 17,249,945.93. Morocco ranks 76 out of 174 countries in this attribute.

Aquaculture production (metric tons) in Morocco is 1,618, well below the average of 679,642.92. Morocco holds the 117th rank out of 180 countries in this category.

Morocco's Capture fisheries production (metric tons) stands at 1,397,532.69, which is notably higher than the average of 467,453.06. The country ranks 16th out of 190 nations in this aspect.

In Total fisheries production (metric tons), Morocco records 1,399,150.69, surpassing the average of 1,153,914.85. The country is ranked 20th out of 182 countries in this regard.

Regarding Fertilizer consumption (kilograms per hectare of arable land), Morocco's value of 56.52 is below the average of 159.04. The country holds the 114th rank out of 187 countries in this specific attribute.

Summary

Morocco exhibits mixed performance in key macroeconomic indicators related to agriculture and fisheries. While its cereal production lags significantly behind the global average, its capture fisheries production surpasses it. However, the country's fertilizer consumption per hectare of arable land is below the average, indicating potential inefficiencies in its agricultural practices. These indicators are crucial as they highlight Morocco's strengths and weaknesses in food production and agricultural sustainability, signaling areas that may require further investment and policy focus for economic development.

Intellectual Property

When analyzing Industrial design applications by nonresidents, Morocco's value of 1045 is below the attribute average of 1415.83. Morocco ranks 23 out of 112 countries in this dataset.

In terms of Patent applications by nonresidents, Morocco's value of 2438 is also below the average of 6538.40. Morocco ranks 23 out of 129 countries for this attribute.

For Trademark applications by nonresidents, Morocco's value of 11688 is below the average of 15878.93. The country ranks 36 out of 130 in this category.

Regarding Scientific and technical journal articles, Morocco's value of 6452.54 is below the average of 15103.76. This places Morocco at rank 50 out of 192 countries in this dataset.

When looking at Charges for the use of intellectual property payments, Morocco's value of 151547176.89 is significantly below the average of 3218843494.39. Morocco ranks 63 out of 143 countries for this attribute.

On the other hand, for Patent applications by residents, Morocco's value of 250 is notably below the average of 19037.56. Morocco is ranked 56 out of 117 countries for this attribute.

Similarly, for Trademark applications by residents, Morocco's value of 18481 is below the average of 111055.78. Morocco ranks 37 out of 129 countries in this dataset.

Summary

Overall, Morocco performs below average in key macroeconomic indicators related to intellectual property such as industrial design, patent, trademark applications, and scientific journal articles. This suggests a lower level of innovation and technological development compared to the global average. Particularly concerning is Morocco's significantly low value in charges for the use of intellectual property payments, indicating potential missed opportunities for economic growth through leveraging intellectual property assets.

Broad Economy Attributes

For GDP (current US$), Morocco's value is $121.35 billion, which is below the average of $442.87 billion. Morocco ranks 57th out of 189 countries in this attribute.

In terms of GDP, PPP (current international $), Morocco's value is $296.82 billion, also below the average of $734.14 billion. Morocco ranks 55th out of 181 countries in this attribute.

Morocco's GDP per capita (current US$) is $3258.27, significantly lower than the average of $15462.11. Morocco ranks 126th out of 190 countries in GDP per capita.

For GDP per capita, PPP (current international $), Morocco's value is $7969.44, below the average of $21251.89. Morocco ranks 119th out of 181 countries in this metric.

Morocco's GNI (current US$) is $120.19 billion, below the average of $452.04 billion. Morocco ranks 58th out of 185 countries in this attribute.

Regarding GNI, PPP (current international $), Morocco's value is $293.98 billion, below the average of $730.70 billion. Morocco ranks 55th out of 181 countries in this attribute.

Lastly, for GNI per capita, PPP (current international $), Morocco's value is $7890, significantly lower than the average of $20615.75. Morocco ranks 116th out of 181 countries in this category.

Summary

Morocco performs below the global average across key macroeconomic indicators such as GDP, GDP per capita, and GNI. The country's rankings in these metrics also fall below the mid-point when compared to a global ranking. These statistics highlight the challenges and disparities in Morocco's economy compared to other nations, indicating areas where policy interventions and economic reforms may be necessary to improve the country's economic performance and standard of living.

Broad Value Added

For Gross value added at basic prices (GVA) in Morocco, the value is $109,093,997,197.18, which is below the average of $360,070,943,595.12. Morocco ranks 54th out of 176 countries in this attribute.

Regarding Agriculture, forestry, and fishing value added (% of GDP), Morocco's value is 10.66%, slightly below the average of 10.86%. Morocco is ranked 70th out of 182 countries in this category.

Morocco's Agriculture, forestry, and fishing value added in current US dollars is $12,940,716,008.17, lower than the average of $19,924,732,828.07. The country ranks 41st out of 182 nations in this attribute.

For Services value added (% of GDP), Morocco's value is 53.19%, below the average of 56.72%. The country holds the 116th rank out of 183 countries included in this data.

In terms of Services value added in current US dollars, Morocco's value is $64,548,370,632.91, considerably lower than the average of $295,837,711,130.69. Morocco ranks 59th out of 183 countries in this statistic.

Lastly, the Industry (including construction) value added in current US dollars for Morocco is $31,604,910,556.10, far below the average of $118,421,095,413.50. Morocco holds the 58th rank out of 183 countries included in this data.

Summary

In summary, Morocco exhibits below-average performance in key macroeconomic indicators such as Gross Value Added at basic prices, Agriculture, forestry, and fishing value added, Services value added, and Industry value added. These indicators are crucial as they reflect the country's economic productivity and performance across different sectors, highlighting areas where Morocco may need to focus on for growth and development.

Manufacturing Value Added

In Manufacturing, value added (current US$), Morocco's value is significantly below the attribute average, ranking 55th out of 173 countries. This indicates room for growth in the manufacturing sector.

Morocco's Manufacturing, value added (% of GDP) is above the attribute average, ranking 50th out of 173 countries. This suggests a relatively strong contribution of manufacturing to Morocco's GDP compared to other nations.

For Medium and high-tech manufacturing value added (% manufacturing value added), Morocco surpasses the average, ranking 29th out of 149 countries. This indicates a focus on technology-intensive manufacturing industries.

In the category of Chemicals (% of value added in manufacturing), Morocco exceeds the average, ranking 16th out of 89 countries. This points towards a relatively significant contribution of the chemicals sector to Morocco's manufacturing output.

Morocco's Food, beverages and tobacco (% of value added in manufacturing) is just slightly above the average, ranking 34th out of 92 countries. This suggests a balanced contribution of the food and beverage industry to Morocco's manufacturing sector.

In Machinery and transport equipment (% of value added in manufacturing), Morocco's value is above the average, ranking 36th out of 93 countries. This indicates a relatively strong presence of machinery and transport equipment manufacturing in the country.

Regarding Textiles and clothing (% of value added in manufacturing), Morocco's value is significantly above the average, ranking 15th out of 93 countries. This highlights the importance of the textiles and clothing sector in Morocco's manufacturing landscape.

For Other manufacturing (% of value added in manufacturing), Morocco's value is below the average, ranking 82nd out of 94 countries. This suggests a lower contribution of other manufacturing industries to Morocco's overall manufacturing value added.

Summary

Morocco's manufacturing sector shows strengths in technology-intensive industries such as medium and high-tech manufacturing as well as textiles and clothing. The country also demonstrates a balanced contribution from sectors like chemicals, food, beverages, and tobacco. However, there is room for growth in other manufacturing industries to further enhance the overall value added in the manufacturing sector. These findings are important as they provide insight into Morocco's industrial composition, highlighting areas of strength and potential areas for improvement to boost economic growth and competitiveness on a global scale.

Money

Inflation, consumer prices (annual %): Morocco's inflation rate of 0.71% is below the average of 8.26%. Morocco ranks 115 out of 165 countries in this attribute.

Inflation, GDP deflator (annual %): Morocco's inflation rate based on GDP deflator is 0.14%, significantly lower than the average of 6.90%. Morocco ranks 139 out of 188 countries in this attribute.

Broad money growth (annual %): Morocco's broad money growth rate stands at 8.36%, below the average of 18.03%. Morocco holds the 106th rank out of 139 countries in this attribute.

Broad money (% of GDP): Morocco's broad money as a percentage of GDP is 128.86%, surpassing the average of 71.75%. In this aspect, Morocco ranks 13 out of 139 countries.

Broad money to total reserves ratio: Morocco's ratio of broad money to total reserves is 4.34%, slightly lower than the average of 5.17%. Morocco holds the 35th rank out of 126 countries in this category.

Summary

Morocco demonstrates a generally stable economic environment with below-average inflation rates in both consumer prices and GDP deflator. The country also maintains steady but moderate growth in broad money, surpassing the average in broad money as a percentage of GDP but falling slightly below the average in the broad money to total reserves ratio. These indicators are important as they reflect Morocco's monetary policy effectiveness, economic stability, and financial resilience in comparison to other countries globally.

Consumption Expenditure

Final consumption expenditure (current US$): Morocco's value is significantly below the attribute average, ranking 56 out of 159 countries. This indicates a potential opportunity for increased spending in the country.

Final consumption expenditure (% of GDP): Morocco's value is below the average, ranking 91 out of 159 countries. This suggests that Morocco allocates a lower percentage of its GDP towards final consumption expenditure compared to other countries.

General government final consumption expenditure (current US$): Morocco's value is substantially below the attribute average, ranking 56 out of 158 countries. There might be room for the government to increase its spending to stimulate economic growth.

General government final consumption expenditure (% of GDP): Morocco's value is above the average, ranking 64 out of 158 countries. This indicates that the Moroccan government allocates a higher percentage of its GDP towards final consumption expenditure compared to the average.

Household and NPISHs Final consumption expenditure (current US$): Morocco's value is significantly below the average, ranking 56 out of 158 countries. This suggests that there may be constraints on household spending in the country.

Households and NPISHs final consumption expenditure (% of GDP): Morocco's value is below the average, ranking 92 out of 158 countries. This implies that households and NPISHs in Morocco contribute a lower percentage to the GDP through expenditure compared to other nations.

Summary

Overall, Morocco's final consumption expenditure indicators, including general government, households, and NPISHs, are below the global average based on current US$ values and GDP percentages. This suggests that there is potential for increased spending both by the government and households in the country. While the government allocates a higher percentage of its GDP towards consumption compared to the average, there might be room for further stimulus to drive economic growth and development in Morocco.

Equities

Morocco's total listed domestic companies stand at 75, below the average of 636.625. The country ranks 48th out of 72 countries in this aspect. In terms of total value of stocks traded, Morocco's value of $3.6 billion is significantly below the average of $1.38 trillion, ranking 38th out of 71 countries. The value as a percentage of GDP for stocks traded is 2.97%, much lower than the average of 31.65%, placing Morocco in 38th position out of 71 countries. Morocco's market capitalization of listed domestic companies, at $65.57 billion, is well below the average of $1.20 trillion, ranking 35th out of 73 countries. Similarly, the market capitalization as a percentage of GDP in Morocco is 54.04%, lower than the average of 71.24%, with a rank of 30th out of 73 countries. Lastly, Morocco's S&P Global Equity Indices show a negative annual change of -2.81%, compared to the average of 2.06%, placing the country in 41st position out of 79 countries.

Summary

Morocco lags behind the global average in key macroeconomic indicators related to its stock market, such as total listed domestic companies, total value of stocks traded, market capitalization, and S&P Global Equity Indices. These statistics indicate that Morocco's stock market is relatively underdeveloped compared to other countries, which could impact its ability to attract investment, foster economic growth, and compete on a global scale.

Investment

Analysis of key statistics related to foreign direct investment and portfolio investment in Morocco:

- Foreign direct investment, net (BoP, current US$): Morocco's value of -959,416,206.844704 is below the average of -1,615,235,980.5053596. Morocco ranks 111 out of 169 countries in this dataset.

- Foreign direct investment, net inflows (BoP, current US$): Morocco's value of 1,418,713,118.61153 is below the average of 5,749,271,080.145696. Morocco ranks 63 out of 182 countries.

- Foreign direct investment, net inflows (% of GDP): Morocco's value of 1.16907334587558 is below the average of 2.609379547494923. Morocco ranks 113 out of 178 countries.

- Foreign direct investment, net outflows (BoP, current US$): Morocco's value of 459,296,911.76683 is below the average of 5,707,991,116.068991. Morocco ranks 49 out of 156 countries.

- Foreign direct investment, net outflows (% of GDP): Morocco's value of 0.378478051937009 is below the average of 1.00435052368164. Morocco ranks 61 out of 155 countries.

- Portfolio Investment, net (BoP, current US$): Morocco's value of -2,336,173,810.62706 is below the average of 679,559,169.5717607. Morocco ranks 139 out of 159 countries.

- Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Morocco's value of 3,000,000,000 is below the average of 4,134,263,915.254237. Morocco ranks 12 out of 59 countries.

- Portfolio equity, net inflows (BoP, current US$): Morocco's value of -41,800,663.3061017 is below the average of 9,197,145,994.702154. Morocco ranks 85 out of 125 countries.

Summary

In summary, Morocco's foreign direct investment (FDI) metrics, both in terms of net inflows and outflows, as well as its net portfolio investment, are all below global averages. This indicates that Morocco has room for growth in attracting FDI and portfolio investment compared to other countries in the dataset. Improving these investment indicators is crucial for enhancing economic development, stimulating job creation, and fostering innovation within the country.

Debt

- Total debt service (% of GNI): Morocco's value is 4.39, below the average of 5.98. It ranks 57 out of 120 countries.
- Public and publicly guaranteed debt service (% of GNI): Morocco's value is 3.57, above the average of 2.84. It ranks 37 out of 120 countries.
- External debt stocks (% of GNI): Morocco's value is 54.67, below the average of 65.42. It ranks 58 out of 120 countries.
- Debt service on external debt, total (TDS, current US$): Morocco's value is $5,274,764,655.6, below the average of $9,811,195,839.23. It ranks 26 out of 123 countries.
- Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Morocco's value is $4,294,034,827.5, above the average of $3,310,612,057.60. It ranks 21 out of 123 countries.
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Morocco's value is $43,651,823,183.2, above the average of $28,695,879,144.98. It ranks 19 out of 123 countries.
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Morocco's value is $10,008,034,741.3, below the average of $33,734,699,285.22. It ranks 34 out of 91 countries.
- External debt stocks, total (DOD, current US$): Morocco's value is $65,712,482,514.5, below the average of $73,845,530,111.82. It ranks 25 out of 123 countries.

Summary

Morocco generally maintains a relatively lower total debt service as a percentage of its Gross National Income (GNI) compared to the average of 120 countries analyzed. However, its public and publicly guaranteed debt service as a percentage of GNI, along with the debt service on external debt that is publicly guaranteed, exceed the global average. This suggests that while Morocco's overall debt burden is moderate, there may be a need for closer monitoring and management of specific debt categories to ensure fiscal sustainability and avoid potential financial strain in the future.

Broad Trade Attributes

Trade (% of GDP) in Morocco stands at 68.84%, below the average of 82.34%. Morocco is ranked 81 out of 163 countries in this attribute.

Merchandise trade (% of GDP) for Morocco is 58.50%, slightly below the average of 60.01%. Morocco holds the rank of 68 out of 186 countries.

Trade in services (% of GDP) is 17.31% for Morocco, lower than the average of 24.63%. The country ranks 79 out of 171 in this aspect.

Morocco's External balance on goods and services is at -8.80 billion USD, significantly lower than the average of 3.41 billion USD. The country ranks 146 out of 163 nations in this category.

External balance on goods and services (% of GDP) is at -7.26% for Morocco, below the average of -5.97%. The country is ranked 103 out of 163 in this metric.

Summary

Morocco has a relatively high trade dependency, with trade accounting for 68.84% of its GDP. However, the country falls below the global average in merchandise trade and trade in services as a percentage of GDP. Morocco's negative external balance on goods and services, coupled with a lower-than-average percentage of GDP devoted to this balance, indicate potential challenges in achieving trade equilibrium and ensuring sustainable economic growth.

Net Trade

Analysis of key macroeconomic attributes for Morocco:

1. Current account balance (BoP, current US$): Morocco's current account balance is -1368382876.42, which is below the average of 1443864831.49. Morocco ranks 122 out of 170 countries in this attribute.

2. Current account balance (% of GDP): Morocco's current account balance as a percentage of GDP is -1.13%, lower than the average of -2.36%. Morocco ranks 79 out of 170 countries in this attribute.

3. Net trade in goods and services (BoP, current US$): Morocco's net trade in goods and services is -8812910271.89, significantly below the average of 2604730003.57. Morocco ranks 156 out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Morocco's net primary income is -1208483817.99, below the average of -903807529.74. Morocco ranks 109 out of 170 countries in this attribute.

5. Net secondary income (BoP, current US$): Morocco's net secondary income is 8653011213.47, substantially above the average of -269227340.40. Morocco ranks 12 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Morocco's net trade in goods is -15539568149.28, well below the average of 1302831005.68. Morocco ranks 158 out of 171 countries in this attribute.

7. Net capital account (BoP, current US$): Morocco's net capital account is 318558.57, lower than the average of 136543824.05. Morocco ranks 122 out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Morocco's net financial account is 389419934.59, higher than the average of -469840994.63. Morocco ranks 55 out of 170 countries in this attribute.

Summary

In summary, Morocco has a negative current account balance, indicating that it imports more goods and services than it exports. However, the country performs relatively better in net secondary income and net financial account, showcasing strong inflows in these areas. These indicators are crucial as they reflect Morocco's trade position, income from abroad, and its ability to attract financial investments, which are vital for its economic stability and growth.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Morocco's value of $38,322,382,167.88 is below the attribute average of $146,238,908,936.30. Morocco ranks 60th out of 170 countries in this data set.

2. Exports of goods and services (BoP, current US$): Morocco's value of $37,545,355,746.76 is below the attribute average of $122,938,540,059.78. Morocco ranks 59th out of 170 countries in this data set.

3. Exports of goods and services (current US$): Morocco's value of $37,369,771,251.45 is below the attribute average of $129,596,864,610.19. Morocco ranks 59th out of 163 countries in this data set.

4. Exports of goods and services (% of GDP): Morocco's value of 30.79% is below the attribute average of 38.19%. Morocco ranks 78th out of 163 countries in this data set.

5. Goods exports (BoP, current US$): Morocco's value of $23,678,514,762.67 is below the attribute average of $93,310,581,697.39. Morocco ranks 61st out of 171 countries in this data set.

6. International tourism, receipts (% of total exports): Morocco's value of 12.02% is above the attribute average of 9.74%. Morocco ranks 26th out of 120 countries in this data set.

7. ICT goods exports (% of total goods exports): Morocco's value of 1.90% is below the attribute average of 3.81%. Morocco ranks 46th out of 142 countries in this data set.

Summary

Morocco's export performance, as indicated by various key macroeconomic indicators, demonstrates room for growth and improvement. The country's export values across different categories are consistently below the attribute averages, indicating potential for increasing export competitiveness and diversification. These indicators are crucial as they highlight areas where Morocco can focus on enhancing its export capabilities to boost economic growth, create more job opportunities, and strengthen its position in the global market.

Merchandise Exports

1. Morocco's merchandise exports amount to $27,159,000,000, which is below the global average of $89,542,711,229.95. Morocco is ranked 61 out of 187 countries in this category.

2. The country's agricultural raw materials exports account for 0.83% of its total merchandise exports, significantly below the average of 2.97%. Morocco ranks 91 out of 151 countries in this aspect.

3. Morocco's food exports make up 23.09% of its merchandise exports, slightly below the average of 24.06%. The country is ranked 56 out of 152 nations in this metric.

4. Fuel exports constitute only 0.52% of Morocco's merchandise exports, well below the average of 13.70%. The country ranks 115 out of 147 countries in this category.

5. Ores and metals exports represent 5.49% of Morocco's merchandise exports, lower than the average of 9.10%. Morocco is ranked 55 out of 152 countries for this attribute.

6. Morocco's residual merchandise exports (4.81%) are higher than the global average (3.20%). The country is ranked 23 out of 166 nations in this specific category.

Summary

Morocco's merchandise exports are below the global average across various categories such as agricultural raw materials, food, fuel, ores and metals. However, its residual merchandise exports are higher than the global average. These findings are important as they highlight Morocco's trade strengths and weaknesses in different sectors, guiding policymakers and businesses in strategic decision-making to boost economic growth and competitiveness.

Technology Exports

Manufactures exports (% of merchandise exports): Morocco's value of 69.91% is above the average of 42.62%. In a dataset of 152 countries, Morocco ranks 42nd.

High-technology exports (current US$): Morocco's export value of $850,002,467 is below the average of $16,655,934,078.80. Among 151 countries, Morocco ranks 52nd.

High-technology exports (% of manufactured exports): Morocco's value of 4.39% is below the average of 10.15%. With 150 countries in the dataset, Morocco ranks 91st.

Medium and high-tech exports (% manufactured exports): Morocco's value of 61.65% is above the average of 34.29%. Morocco ranks 26th out of 149 countries in this category.

Summary

Morocco showcases a strong presence in manufactures exports, with a percentage well above the global average, placing it at 42nd out of 152 countries. However, in high-technology exports and their share in the total exports, Morocco falls below the global average, ranking 52nd and 91st respectively. On the other hand, in medium and high-tech exports as a percentage of manufactured exports, Morocco performs well above the average, securing the 26th position out of 149 countries.

These findings are crucial as they highlight Morocco's specialization in traditional manufacturing sectors, which can be both a strength and a potential vulnerability in the face of rapidly advancing technological landscapes. Striking a balance between nurturing high-tech industries while maintaining the competitiveness of traditional manufacturing sectors will be essential for Morocco's sustainable economic development and global competitiveness."

Service Exports

Analysis of Key Statistics for Service Exports in Morocco:

1. Service exports (BoP, current US$): Morocco's value of $13,866,840,984.08 is below the average of $28,917,292,503.82. It ranks 44 out of 171 countries in the dataset.

2. ICT service exports (BoP, current US$): Morocco's value of $1,835,752,481.46 is below the average of $4,578,501,153.77. It ranks 42 out of 166 countries in the dataset.

3. ICT service exports (% of service exports, BoP): Morocco's value of 13.24% is above the average of 11.75%. It ranks 50 out of 166 countries in the dataset.

4. Communications, computer, etc. (% of service exports, BoP): Morocco's value of 53.24% is above the average of 45.85%. It ranks 68 out of 169 countries in the dataset.

5. Transport services (% of service exports, BoP): Morocco's value of 17.20% is below the average of 21.80%. It ranks 86 out of 169 countries in the dataset.

6. Travel services (% of service exports, BoP): Morocco's value of 27.74% is above the average of 26.40%. It ranks 63 out of 167 countries in the dataset.

7. Insurance and financial services (% of service exports, BoP): Morocco's value of 1.82% is below the average of 6.46%. It ranks 115 out of 161 countries in the dataset.

Summary

In analyzing key statistics for service exports in Morocco, it is evident that Morocco's total service exports and ICT service exports are below the global average. However, Morocco performs relatively well in terms of the percentage of ICT service exports, communications, computer, etc. services, and travel services compared to other countries in the dataset. On the contrary, Morocco lags behind in the contribution of insurance and financial services to its service exports.

These findings are important as they provide insights into Morocco's strengths and weaknesses in the service export sector. By understanding where Morocco excels (such as in ICT services and travel services), policymakers and businesses can focus on leveraging these areas to boost economic growth and competitiveness. Addressing the lower contribution of insurance and financial services may also be crucial to diversifying and strengthening Morocco's service export portfolio.

Commercial Service Exports

The Commercial service exports in Morocco amount to $13,280,256,584.61. This figure places Morocco at rank 44 out of 171 countries in the dataset, below the average of $28,508,218,402.80 for this attribute.

Travel services represent 28.97% of Morocco's commercial service exports, slightly above the average of 27.89%. Morocco is ranked 62 out of 167 countries for this attribute.

Computer, communications, and other services contribute 51.17% to Morocco's commercial service exports, surpassing the average of 42.44%. Morocco holds the 69th rank out of 169 countries.

Insurance and financial services constitute 1.90% of Morocco's commercial service exports, significantly below the average of 6.97%. Morocco ranks 118th out of 161 countries for this metric.

Transport services make up 17.96% of Morocco's commercial service exports, falling short of the average of 23.37%. Morocco is ranked 88 out of 169 countries in this category.

Summary

Morocco's commercial service exports show a mixed performance when compared to global averages and rankings. While the country excels in computer, communications, and other services, it falls behind in insurance and financial services. The higher reliance on travel services is also notable. These findings are crucial as they indicate Morocco's competitive strengths and weaknesses in the global market, guiding policymakers and businesses in strategic decision-making to enhance the country's economic growth and competitiveness.

Broad Import Attributes

For "Imports of goods and services (current US$)", Morocco's value is $46.17 billion, below the average of $126.19 billion. Morocco ranks 55 out of 163 countries in this data set.

Regarding "Imports of goods and services (% of GDP)", Morocco's value is 38.05%, lower than the average of 44.15%. Morocco holds the 78th rank out of 163 countries.

Looking at "International tourism, expenditures (% of total imports)", Morocco's value is 3.26%, under the average of 3.98%. Morocco ranks 61 out of 131 countries in this metric.

For "ICT goods imports (% total goods imports)", Morocco's value stands at 4.76%, below the average of 6.85%. Morocco holds the 80th rank out of 143 countries in this category.

Examining "Goods imports (BoP, current US$)", Morocco's value is $39.22 billion, below the average of $92.01 billion. Morocco ranks 51 out of 171 countries in this attribute.

Considering "Imports of goods and services (BoP, current US$)", Morocco's value is $46.36 billion, under the average of $120.32 billion. Morocco ranks 55 out of 170 countries.

Lastly, for "Imports of goods, services and primary income (BoP, current US$)", Morocco's value is $48.34 billion, below the average of $144.51 billion. Morocco holds the 56th rank out of 170 countries in this dataset.

Summary

Morocco generally exhibits below-average values in key macroeconomic indicators related to imports of goods and services, both in terms of absolute values and as a percentage of GDP. The country also ranks lower compared to the global average and other nations in the dataset across multiple import-related metrics. These findings suggest that Morocco may have a relatively smaller import-driven economy compared to other countries, which could impact its trade balance, economic growth, and dependence on external resources.

Merchandise Imports

1. For "Merchandise imports (current US$)", Morocco's value of $43,831,000,000 is below the average of $89,385,605,263. Morocco ranks 49th out of 190 countries in this attribute.

2. "Manufactures imports (% of merchandise imports)" in Morocco at 67.91% is slightly above the average of 66.76%. Morocco ranks 74th out of 152 countries in this attribute.

3. In "Agricultural raw materials imports (% of merchandise imports)", Morocco's value of 1.51% is above the average of 1.27%. Morocco ranks 45th out of 152 countries in this attribute.

4. Morocco's "Food imports (% of merchandise imports)" at 14.60% is below the average of 15.89%. The country ranks 76th out of 152 countries in this attribute.

5. "Fuel imports (% of merchandise imports)" in Morocco stand at 11.80%, slightly above the average of 11.38%. Morocco ranks 67th out of 152 countries in this attribute.

6. For "Ores and metals imports (% of merchandise imports)", Morocco's value of 3.78% is notably above the average of 2.57%. Morocco ranks 31st out of 152 countries in this attribute.

7. In "Merchandise imports by the reporting economy, residual (% of total merchandise imports)", Morocco's value of 1.80% is below the average of 2.51%. The country ranks 46th out of 180 countries in this attribute.

Summary

Among key macroeconomic indicators, Morocco generally maintains a balanced import structure with variations in different categories. While the country ranks averagely or slightly above average in most import sectors, it notably excels in importing ores and metals. This indicates a diversified import portfolio with a focus on industrial raw materials, which can signify potential strength in manufacturing and construction sectors, contributing to economic growth and resilience against commodity price fluctuations.

Service Imports

For Service imports (BoP, current US$), Morocco's value is $7,140,183,106.69, which is below the average of $27,615,356,170.47. Morocco is ranked 63 out of 171 countries.

Communications, computer, etc. (% of service imports, BoP) for Morocco is 40.01%, slightly below the average of 44.40%. Morocco ranks 101 out of 169 countries for this attribute.

Transport services (% of service imports, BoP) in Morocco constitute 40.21% of the total, surpassing the average of 32.90%. Morocco holds the 50th rank out of 169 countries.

Travel services (% of service imports, BoP) represent 15.58% for Morocco, above the average of 14.14%. Morocco ranks 57th out of 169 countries for this attribute.

Insurance and financial services (% of service imports, BoP) in Morocco account for 4.20%, lower than the average of 8.53%. Morocco holds the 118th rank out of 169 countries.

Summary

Overall, Morocco's service imports amount to $7,140,183,106.69, which is below the global average. The country excels in transport services imports, surpassing the average, but lags behind in insurance and financial services imports. These indicators are crucial as they highlight Morocco's reliance on services from other countries, showcasing areas of strength and weakness in its economic relationships and diversification efforts.

Commercial Service Imports

Analysis of Key Service Imports Statistics for Morocco:

1. Commercial service imports (current US$): Morocco's value of $6,182,576,721.68 is below the average of $27,102,746,128.60, placing it at rank 65 out of 171 countries.

2. Computer, communications and other services (% of commercial service imports): Morocco's percentage of 30.71% is below the average of 41.71%, ranking 112 out of 169 countries.

3. Insurance and financial services (% of commercial service imports): Morocco's percentage of 4.85% is below the average of 8.85%, placing it at rank 110 out of 169 countries.

4. Transport services (% of commercial service imports): Morocco's percentage of 46.44% is above the average of 34.71%, ranking 38 out of 169 countries.

5. Travel services (% of commercial service imports): Morocco's percentage of 17.99% is above the average of 14.73%, placing it at rank 50 out of 169 countries.

Summary

In analyzing Morocco's key service imports statistics, it is evident that the country has lower-than-average values in commercial service imports, computer and communications services, insurance and financial services. However, Morocco performs above average in transport and travel services imports. These statistics are crucial as they indicate Morocco's strengths and weaknesses in different service sectors, highlighting areas where the country may need to focus on improving competitiveness and attracting investments to boost economic growth.

Infrastructure

For Railways, passengers carried (million passenger-km), Morocco's value of 2409 is significantly below the average of 32281.92, ranking 28th out of 64 countries.

Morocco's Railways, goods transported (million ton-km) value of 3111 is well below the average of 119231.19, ranking 40th out of 62 countries.

In Air transport, freight (million ton-km), Morocco's value of 46.24 is notably lower than the average of 1384.37, placing it at the 59th position out of 126 countries.

For Air transport, registered carrier departures worldwide, Morocco's value of 32519 is significantly below the average of 134365.61, ranking 55th out of 149 countries.

Morocco's Air transport, passengers carried value of 3012310 is well below the average of 11848242.70, with a ranking of 49th out of 149 countries.

Regarding Container port traffic (TEU: 20 foot equivalent units), Morocco's value of 7000928 is slightly above the average of 6907110.27, placing it at the 24th position out of 110 countries.

For Rail lines (total route-km), Morocco's value of 2295 is significantly below the average of 12204.74, ranking 41st out of 66 countries.

Summary

Morocco exhibits notably lower values in key macroeconomic indicators related to railways, air transport, and container port traffic compared to global averages. This indicates potential underdevelopment or inefficiency in these sectors, which could hinder the country's competitiveness, trade facilitation, and overall economic connectivity on a global scale. Addressing these disparities and investing in improving transportation infrastructure could enhance Morocco's economic growth and integration into the global economy.

Information Technology Infrastructure

Analysis of Key Stats for Morocco:

Summary

Analysis of Key Stats for Morocco:

Morocco's number of secure internet servers and secure internet servers per 1 million people are below global averages, ranking 61st and 98th respectively. Despite this, 84.12% of the population uses the internet, surpassing the global average, indicating a strong internet adoption rate. However, in terms of fixed broadband subscriptions, Morocco falls below the average and ranks 55th, while excelling in mobile cellular subscriptions, ranking 31st globally.

These findings are crucial as they reflect Morocco's progress in digital connectivity, highlighting areas where the country lags behind or excels compared to global averages. Improving secure internet server infrastructure and fixed broadband subscriptions could further enhance Morocco's digital capabilities and competitiveness on a global scale, ensuring continued growth and connectivity for its population.

Energy Consumption

Regarding Renewable energy consumption, Morocco falls below the average consumption of 32.18%, with a value of 10.92%. This places Morocco at rank 139 out of 191 countries in the dataset.

As for CO2 emissions, Morocco's value of 66,719.5 kt is notably below the average emissions of 171,895.94 kt. This places Morocco at rank 47 out of 188 countries in the dataset.

Summary

Morocco's renewable energy consumption of 10.92% falls significantly below the global average of 32.18%, ranking the country at 139 out of 191 nations. However, its CO2 emissions are relatively low at 66,719.5 kt compared to the average of 171,895.94 kt, positioning Morocco at 47 in the dataset of 188 countries. These findings highlight Morocco's potential for improvement in adopting renewable energy sources to reduce its carbon footprint and align with global sustainability goals.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): Morocco's value is below the average at 1.07%, ranking 49th out of 87 countries in the dataset.

2. Net incurrence of liabilities, total (% of GDP): Morocco's value is above the average at 8.22%, ranking 33rd out of 92 countries.

3. Total reserves (% of total external debt): Morocco's value is below the average at 54.78%, ranking 33rd out of 102 countries.

4. Reserves and related items (BoP, current US$): Morocco's value is below the average at $1,470,492,094.67, ranking 36th out of 171 countries.

5. Total reserves minus gold (current US$): Morocco's value is below the average at $34,653,006,798.95, ranking 47th out of 161 countries.

6. Total reserves (includes gold, current US$): Morocco's value is below the average at $35,997,639,773.45, ranking 50th out of 161 countries.

7. Total reserves in months of imports: Morocco's value is above the average at 8.94 months, ranking 38th out of 151 countries.

Summary

Morocco generally has below-average values in key macroeconomic indicators such as net acquisition of financial assets, total reserves, and reserves in various categories. While the country ranks higher in net incurrence of liabilities, its overall performance suggests a need for caution and strategic planning in managing its financial resources. These indicators are important as they reflect Morocco's financial stability, its ability to meet external obligations, and its resilience to economic shocks.

Government Revenue

1. Revenue, excluding grants (% of GDP): Morocco's value of 26.56% is slightly below the average of 27.02%. It ranks 58 out of 122 countries.

2. Grants and other revenue (% of revenue): Morocco's value of 25.84% is above the average of 23.54%. It ranks 31 out of 108 countries.

3. Taxes on goods and services (% of revenue): Morocco's value of 38.78% is significantly above the average of 31.82%. It ranks 37 out of 122 countries.

4. Taxes on international trade (% of revenue): Morocco's value of 3.19% is below the average of 6.24%. It ranks 55 out of 101 countries.

5. Other taxes (% of revenue): Morocco's value of 1.39% is below the average of 2.12%. It ranks 46 out of 106 countries.

6. Taxes on income, profits and capital gains (% of revenue): Morocco's value of 30.80% is above the average of 24.66%. It ranks 35 out of 119 countries.

Summary

Morocco's macroeconomic indicators show that the country relies heavily on taxes on goods and services, with a percentage significantly higher than the average. However, its taxes on international trade are below average. This mix could indicate a focus on domestic revenue generation rather than external trade. Additionally, Morocco's high ranking in taxes on income, profits, and capital gains suggests a relatively strong taxation policy in place.

Taxes

Regarding Tax revenue (% of GDP): Morocco's value is 20.02%, which is higher than the average of 16.72%. This places Morocco at rank 39 out of 123 countries in the dataset.

Considering Customs and other import duties (% of tax revenue): Morocco's value is 4.11%, below the average of 9.01%. This places Morocco at rank 58 out of 99 countries in the dataset.

Examining Taxes on income, profits and capital gains (% of total taxes): Morocco's value is 41.53%, above the average of 38.40%. This places Morocco at rank 44 out of 120 countries in the dataset.

Reviewing Tariff rate, applied, weighted mean, all products (%): Morocco's value is 3.61%, below the average of 5.21%. This places Morocco at rank 77 out of 153 countries in the dataset.

Summary

Morocco's tax revenue as a percentage of GDP is higher than the average, indicating a strong ability to generate revenue domestically. However, its reliance on customs and other import duties is below average, suggesting potential room for revenue diversification. Additionally, Morocco's higher proportion of taxes on income, profits, and capital gains compared to the average signifies a stable tax base. With a lower applied tariff rate, Morocco may be aiming to promote trade and attract investments.

These indicators are crucial for assessing Morocco's fiscal health, economic competitiveness, and attractiveness to foreign investors. They provide insights into the country's revenue sources, tax structure, and trade policies, all of which are instrumental in shaping its economic development and relationships with other nations.

Government Expenses

Expense (% of GDP): Morocco's expense as a percentage of GDP is 27.21%, below the average of 31.69%. Morocco ranks 73rd out of 123 countries in this attribute.

Compensation of employees (% of expense): Morocco allocates 42.58% of its expenses to employee compensation, which is significantly higher than the average of 24.70%. The country ranks 16th out of 123 countries in this category.

Goods and services expense (% of expense): Morocco spends 10.56% of its expenses on goods and services, lower than the average of 14.77%. Morocco is ranked 73rd out of 122 countries in this aspect.

Interest payments (% of expense): Morocco's interest payments account for 9.18% of its expenses, higher than the average of 6.85%. The country ranks 32nd out of 121 nations in this metric.

Other expense (% of expense): Morocco's other expenses make up 5.09% of its total expenses, below the average of 8.29%. The country ranks 73rd out of 120 countries in this category.

Subsidies and other transfers (% of expense): Morocco's subsidies and transfers constitute 32.59% of its expenses, lower than the average of 43.29%. The country ranks 83rd out of 121 countries in this attribute.

Summary

Morocco's macroeconomic indicators reveal that the country has a relative fiscal discipline with its expense (% of GDP) below the global average. However, the high allocation towards employee compensation and interest payments compared to the averages suggests a need for careful management of these areas to maintain fiscal sustainability and economic stability.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Military expenditure (% of GDP) 9/148
Capture fisheries production (metric tons) 16/190
Broad money (% of GDP) 13/139
Net secondary income (BoP, current US$) 12/170

Ranks in Bottom Decile For:

Attribute Rank/Total
Oil rents (% of GDP) 108/117
Net trade in goods and services (BoP, current US$) 156/171
Net trade in goods (BoP, current US$) 158/171