Gross Domestic Product in Current Prices for Morocco
MARNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,596,822,604.30
Year-over-Year Change
45.83%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Current Prices for Morocco measures the total value of all goods and services produced within Morocco, expressed in U.S. dollars. It is a key indicator of the overall size and health 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
Gross Domestic Product (GDP) is the standard measure of a country's economic activity and output. The GDP in Current Prices for Morocco represents the market value of all final goods and services produced in the country in a given year, using current exchange rates to convert to U.S. dollars. This metric is widely used by economists, policymakers, and analysts to assess Morocco's economic performance and trends.
Methodology
The Moroccan government's High Commission for Planning collects data on production, consumption, investment, and trade to calculate the GDP in current U.S. dollar terms.
Historical Context
Analysts and policymakers monitor Morocco's GDP to gauge the country's economic growth, evaluate development policies, and make decisions about fiscal and monetary policies.
Key Facts
- Morocco's GDP in current prices was $120 billion in 2021.
- The Moroccan economy grew by 7.2% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
- Agriculture, tourism, and phosphate exports are major contributors to Morocco's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Current Prices for Morocco measures the total market value of all final goods and services produced within the country in a given year, converted to U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall size and performance of the Moroccan economy, and is widely used by economists, policymakers, and market analysts to assess the country's economic growth and development.
Q: How is this data collected or calculated?
A: The Moroccan government's High Commission for Planning collects data on production, consumption, investment, and trade to calculate the GDP in current U.S. dollar terms.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor Morocco's GDP to gauge the country's economic growth, evaluate development policies, and make decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The GDP data for Morocco is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for Morocco (MARNGDPDUSD), retrieved from FRED.