Morocco: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Morocco |
Trade balance as percent of GDP |
|---|---|
| Latest value | -11.50 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1960 - 2022 |
| Average | -6.55 |
| Min - Max | -20.43 - 1.27 |
| Source | The World Bank |
The latest value from 2022 is -11.5 percent, a decline from -9.26 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Morocco from 1960 to 2022 is -6.55 percent. The minimum value, -20.43 percent, was reached in 1977 while the maximum of 1.27 percent was recorded in 1965.
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* indicates monthly or quarterly data series
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The trade balance for Morocco and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 88.91 | 2021 | percent |
| Trade openness | 96.21 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 43.95 | 2023 | percent |
| Exports, billion dollars | 62.02 | 2023 | billion U.S. dollars |
| Growth of exports | 9.81 | 2023 | percent |
| Imports, percent of GDP | 52.26 | 2023 | 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 | -0.60 | 2023 | 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 | 36.33 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 8.60 | 2023 | percent |
| Remittances | 12,130.00 | 2023 | 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 |