Real GDP at Constant National Prices for Morocco
RGDPNAMAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290,480.22
Year-over-Year Change
75.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Morocco measures the total value of goods and services produced in Morocco, adjusted for inflation. This key economic indicator is vital for policymakers and analysts to assess the country's economic growth and development.
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
Real GDP represents the total market value of all final goods and services produced within a country's borders in a given period, adjusted for changes in prices. This metric is widely used to gauge the overall health and size of a nation's economy over time.
Methodology
The data is calculated by the International Monetary Fund using national accounts information.
Historical Context
Policymakers and economists closely monitor Morocco's real GDP to inform fiscal and monetary policies.
Key Facts
- Morocco's real GDP was $123.8 billion in 2021.
- Real GDP grew by 7.2% in 2021 after contracting 6.3% in 2020.
- Agriculture accounts for about 13% of Morocco's real GDP.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Morocco measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Morocco's overall economic health and growth, providing important insights for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Morocco's real GDP to inform fiscal and monetary policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Morocco (RGDPNAMAA666NRUG), retrieved from FRED.