Gross Domestic Product Per Capita for Morocco
PCAGDPMAA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,993.39
Year-over-Year Change
26.21%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Morocco is a key economic indicator that measures the country's economic output per person. It is an important metric for assessing the standard of living and overall economic health of the nation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is calculated by dividing a country's total economic output by its population. It provides insight into the productivity and purchasing power of the average Moroccan citizen, making it a crucial metric for economists, policymakers, and global development organizations.
Methodology
The data is collected and calculated by the World Bank based on official government statistics and national accounts.
Historical Context
GDP per capita is widely used to compare the relative economic performance of countries and to inform policy decisions related to economic growth, poverty reduction, and standard of living improvements.
Key Facts
- Morocco's GDP per capita was $3,267 in 2021.
- GDP per capita has grown by 3.2% annually on average over the past decade.
- Morocco ranks 123rd globally in GDP per capita, according to World Bank data.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Morocco measures the total economic output of the country divided by its population, providing insight into the average standard of living and productivity of Moroccan citizens.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a crucial metric for assessing a country's economic development, comparing living standards across nations, and informing policy decisions related to economic growth, poverty reduction, and improving quality of life.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government statistics and national accounts.
Q: How is this trend used in economic policy?
A: GDP per capita is widely used by economists, policymakers, and global development organizations to compare the relative economic performance of countries and to inform policy decisions related to economic growth, poverty reduction, and standard of living improvements.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Morocco (PCAGDPMAA646NWDB), retrieved from FRED.