Morocco: Reserves

* indicates monthly or quarterly data series
 Morocco

Foreign exchange reserves including gold, billion USD

 Latest value 32.31
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 8.64
 Min - Max 0.05 - 36.00
 Source The World Bank
For that indicator, we provide data for Morocco from 1960 to 2022. The average value for Morocco during that period was 8.64 billion U.S. dollars with a minimum of 0.05 billion U.S. dollars in 1964 and a maximum of 36 billion U.S. dollars in 2020. The latest value from 2022 is 32.31 billion U.S. dollars. For comparison, the world average in 2022 based on 146 countries is 95.37 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Morocco - Reserves - Recent values chart

Historical chart
Morocco - Reserves - historical chart - 1960-2022




The reserves of Morocco and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 88.91 2021 percent
 Trade openness 101.12 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 44.81 2022 percent
 Exports, billion dollars 62.02 2023 billion U.S. dollars
 Growth of exports 20.42 2022 percent
 Imports, percent of GDP 56.31 2022 percent
 Imports, billion dollars 73.74 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.66 2022 percent
 Foreign Direct Investment, billion dollars 2.18 2022 billion U.S. dollars
 Portfolio investment inflows, equities 271.80 2022 million dollars (current)
 Current account, percent of GDP -3.50 2022 percent
 Current account, in dollars -4.78 2022 billion U.S. dollars
 Trade balance, percent of GDP -11.50 2022 percent
 Trade balance, in dollars -15.23 2022 billion U.S. dollars
 Reserves 32.31 2022 billion U.S. dollars
 Remittances, percent of GDP 8.53 2022 percent
 Remittances 11,168.17 2022 million U.S. dollars
 Net errors and omissions 2,122.53 2022 million USD
 External debt 50.15 2022 percent
 Short-term external debt 15.37 2022 percent
 Short-term debt to reserves 30.78 2022 percent
 Foreign exchange reserves 355.17 9/2023 billion
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