Marokko - BKT Annual Growth Rate

The gross domestic product of Morocco advanced 2.5% from a year earlier in the second quarter of 2019, following a 2.8% growth in the previous period. Output expanded at a softer pace in the non-agricultural sector, namely wholesale & retail trade (3.3% vs 3.8% in Q1); post & telecommunications (1.5% vs 2.3%); business and personal services (4% vs 4.5%); fisheries (5.1% vs 18.4%) and utilities (20.9% vs 23.5%). In addition, mining activity contracted (-1.2% vs 5.6%). Conversely, hotels & restaurants expanded faster (4.7% vs 3.4%) while growth stabilised in manufacturing (at 2.5%) and transport services (at 2.9%). Meantime, the agricultural sector continued to decline (-2.8% vs -3.2%), reflecting negative effects of persistent drought conditions.

The economy of Morocco advanced 2.8% from a year earlier in the first quarter of 2019, following a 2.9% expansion in the previous period. Output rose at slower pace for wholesale & retail trade (3.8% vs 4.5% in Q4); finance & insurance (2.5% vs 3.9%); post and telecommunications (2.3% vs 2.7%) and manufacturing (2.5% vs 3.9%). In addition, agricultural activity declined (-3.2% vs 3.5%), mainly weighed down by drought conditions. In contrast, faster growth was seen for business and personal services (4.5% vs 3%); utilities (23.5% vs 7%); transport (2.9% vs 1.7%); mining (5.6% vs 0.3%) and construction (1.5% vs 0.4%). Also, output rebounded sharply for fishing (18.4% vs -13.5%).

The economy of Morocco advanced 2.9% year-on-year in the fourth quarter of 2018, following a 3% expansion in the previous period. Softer gains were recorded in hotels & restaurants (5.9% vs 11.9% in Q3); business and personal services (3% vs 3.7%); transportation (1.7% vs 5.5%); mining (0.3% vs 19.9%); construction (0.4% vs 1.9%) and agriculture (3.5% vs 13.6%). In addition, output declined for fishing (-15.7% vs 6.8%). On the other hand, faster growth was seen in internal trade (4.5% vs 2.2%); finance & insurance (3.9% vs 2.1%); post and telecommunications (2.7% vs 0.5%); manufacturing (3.9% vs 3.2%) and utilities (7% vs 6.8%). On a quarterly basis, the GDP rose 2.6 percent after a 1.8 percent advance in the third quarter.