Non-Oil Real GDP Growth in Constant Prices for Morocco
MARNGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.12
Year-over-Year Change
-40.61%
Date Range
1/1/2000 - 1/1/2023
Summary
The Non-Oil Real GDP Growth in Constant Prices for Morocco measures the year-over-year change in the country's gross domestic product, excluding the oil and gas sector, adjusted for inflation.
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 metric provides insight into the broader economic growth trends in Morocco, excluding the potentially volatile oil and gas industry. It is a key indicator used by economists and policymakers to evaluate the underlying strength and diversification of the Moroccan economy.
Methodology
The data is calculated by the Moroccan High Commission for Planning using official national accounts statistics.
Historical Context
Analysts and institutions closely monitor this trend to assess Morocco's economic performance and development priorities.
Key Facts
- Morocco is North Africa's second-largest economy.
- The non-oil sector accounts for over 90% of Morocco's GDP.
- Morocco has experienced steady economic growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in Morocco's gross domestic product, excluding the oil and gas sector, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader economic growth trends in Morocco, excluding the potentially volatile oil and gas industry, which is crucial for evaluating the underlying strength and diversification of the Moroccan economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Moroccan High Commission for Planning using official national accounts statistics.
Q: How is this trend used in economic policy?
A: Analysts and institutions closely monitor this trend to assess Morocco's economic performance and development priorities.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and data collection processes of the Moroccan statistical authorities.
Related Trends
Number of Identified Exporters to Morocco from North Carolina
NCMARA475SCEN
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Morocco
MARFCLODCGGDPPT
Overall Fiscal Balance for General Government for Morocco
MARGGBGDPGDPPT
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Morocco
MARFCSODCGGDPPT
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in Morocco
IDS1YMAORINCMA
Current Account Balance for Morocco
MARBCAGDPGDPPT
Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for Morocco (MARNGDPXORPCHPT), retrieved from FRED.