After Morocco's first recession in 20 years, its GDP grew by 7.2 percent in 2021. Inflation was moderate at 1.2 percent, allowing monetary policy to remain accommodative. In 2020, the authorities used the IMF's Precautionary Liquidity Liné (US$3 billion) and issued Eurobonds; In 2021, they relied mainly on the domestic market. The current account deficit was small in 2020; It is expected to increase to 3 percent of GDP in 2021. Reserve assets represent more than 7 months of imports at the end of 2021, and foreign exchange reserves have been supplemented by the SDR allocation of US$1.2 billion that Morocco received. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
At the end of 2022, the Casablanca Stock Exchange will have 76 listed companies, representing a market capitalization of $53.7 billion. In 2018, Morocco recorded a 32% increase in Foreign Direct Investment flows, followed by successive decreases of 52% and 17% in the following years. These flows were established at $2,153.3 million in 2021, an increase of 52%.
