Morocco | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Kingdom of Morocco
Records
63
Source
Morocco | GDP (current US$)
1960 2037154741.9321
1961 2025693539.5584
1962 2379611124.6144
1963 2657252578.3076
1964 2798345298.5778
1965 2948331090.4675
1966 2876401297.1076
1967 3046345314.3865
1968 3271422332.62
1969 3651622668.951
1970 3956336244.1186
1971 4356669034.3427
1972 5074117544.7748
1973 6242145880.0888
1974 7675466449.3553
1975 8984853005.0806
1976 9584297284.2832
1977 11049783871.814
1978 13236946233.576
1979 15911994817.311
1980 21728516153.091
1981 17788185478.944
1982 17692276734.171
1983 16251408127.573
1984 14824667954.367
1985 14991283215.741
1986 19462085540.223
1987 21765195948.189
1988 25705296183.504
1989 26314313191.183
1990 30179954774.99
1991 32285573573.918
1992 33711069430.78
1993 31655473663.835
1994 35604137422.58
1995 39030285468.384
1996 43161571527.635
1997 39147844526.084
1998 46497608724.987
1999 46266428648.143
2000 43017455401.844
2001 43831480207.644
2002 47077192187.642
2003 58029363354.276
2004 66114145451.007
2005 68852658068.667
2006 75883823300.855
2007 86947913286.728
2008 101822906949.06
2009 101154952240.88
2010 100865329473.44
2011 110080631332.38
2012 106937392311.13
2013 115739287305.08
2014 119130841411.66
2015 110413823841.59
2016 111572947004.92
2017 118540573367.84
2018 127341147581.82
2019 128920266409.46
2020 121353645057.14
2021 141817797083.47
2022 130912558829.84

Morocco | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Kingdom of Morocco
Records
63
Source