Non-oil Revenue for General Government for Morocco
MARGGRXOGDPXOPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.19
Year-over-Year Change
-3.26%
Date Range
1/1/2000 - 1/1/2023
Summary
The 'Non-oil Revenue for General Government for Morocco' trend measures the revenue collected by the Moroccan government from sources other than oil and gas production. This metric is important for economists and policymakers to assess the fiscal health and diversification of the Moroccan economy.
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
This economic indicator represents the percentage of total government revenue in Morocco that comes from non-oil sources, such as taxes, fees, and other public income streams. It provides insight into the government's ability to fund operations and services without relying heavily on volatile energy exports.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Moroccan Ministry of Finance.
Historical Context
Policymakers and market analysts use this metric to evaluate Morocco's fiscal policy, economic diversification, and overall macroeconomic stability.
Key Facts
- Morocco's non-oil revenue was 26.4% of GDP in 2021.
- The non-oil revenue trend has increased from 23.8% in 2010.
- Diversifying revenue sources is a key economic priority for Morocco.
FAQs
Q: What does this economic trend measure?
A: The 'Non-oil Revenue for General Government for Morocco' trend measures the percentage of total government revenue in Morocco that comes from sources other than oil and gas production.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the Moroccan government's ability to fund operations and services without relying heavily on volatile energy exports, which is an important indicator of fiscal health and economic diversification.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Moroccan Ministry of Finance.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to evaluate Morocco's fiscal policy, economic diversification, and overall macroeconomic stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Non-oil Revenue for General Government for Morocco (MARGGRXOGDPXOPT), retrieved from FRED.