Remittance Inflows to GDP for Morocco
DDOI11MAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
-13.29%
Date Range
1/1/1975 - 1/1/2020
Summary
This trend measures the value of remittance inflows to Morocco as a percentage of its gross domestic product (GDP). Remittance flows are an important economic indicator for developing countries like Morocco.
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
Remittance inflows represent money sent home by Moroccan workers living abroad to their families and communities. This data provides insight into the role of international migration and overseas employment in Morocco's economy.
Methodology
The data is collected and reported by the World Bank using national accounts and balance of payments statistics.
Historical Context
Remittance flows are closely watched by policymakers as they can have significant impacts on domestic consumption, investment, and economic development.
Key Facts
- Morocco is one of the top remittance-receiving countries globally.
- Remittances account for over 6% of Morocco's GDP.
- Remittance flows help reduce poverty and fund investment in Morocco.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of remittance inflows to Morocco as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Remittance flows are an important indicator of Morocco's economic reliance on international migration and overseas employment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor remittance flows as they can have significant impacts on domestic consumption, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with some potential delays in reporting from source countries.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Morocco (DDOI11MAA156NWDB), retrieved from FRED.