Morocco
Marrakech Airport Sees 93% Plunge in Passenger Traffic Amid Pandemic
Passenger traffic at Marrakech airport recorded a 92.82% drop in the first half of 2021, compared to the same period in 2019.
Topic
Deficit
Morocco
Morocco's Tourism Revenue Plummets 62.7% in Early 2021 Amid Ongoing Travel Restrictions
Over the first five months of 2021, tourism revenues in Morocco decreased by 62.7% compared to a 30.6% drop in 2020. This is the picture presented by the Directorate of Studies and Financial Forecasts (DEPF) in its recent economic note.
Morocco
Morocco's Trade Deficit Widens 10.4% as Exports Surge in Early 2021
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the Office of Exchange on the monthly exchange indicators for the month of May 2021.
Morocco
Morocco's Real Estate Sector Struggles to Rebound Amid Housing Deficit
The real estate sector is still struggling to recover despite the gradual resumption of economic activities. The sector continues to suffer the consequences of the crisis, both in terms of real estate development activity and employment. Yet, Morocco is facing a housing deficit. Specialists denounce bottlenecks that prevent responding to the aspirations and demands of the population.
Morocco
Morocco's Export Boom Drives Economic Recovery, Current Account Deficit to Narrow
Morocco will record a current account deficit of 3.8% of GDP at the end of this year before easing to 2.6% in 2022. Driven by the automotive, electronics or phosphate sectors, exports are expected to grow by 14.5% in 2021, then increase by 5.6% in 2022.
Morocco
Morocco's Budget Deficit Widens to 24.6 Billion Dirhams in May 2021
Compared to the first five months of 2020, the situation of the Treasury’s charges and resources shows a budget deficit of 24.6 billion dirhams (MMDH) against 23.3 MMDH at the end of May 2020. This is what emerges from the monthly bulletin of public finance statistics (BMSFP) for the month of May of the General Treasury of the Kingdom ( TGR ).
Morocco
Trade Persists Between Morocco and Algeria Despite Diplomatic Tensions
Relations between the two "brotherly countries", Morocco and Algeria, have never been a long quiet river and in recent months, they have hardened even further with the eternal Sahara issue. But has this dispute prevented trade between Rabat and Algiers?
Morocco
Morocco's Budget Deficit Soars to 22.5 Billion Dirhams in Early 2021
The situation of the Treasury’s income and expenditure shows a budget deficit of 22.5 billion dirhams (MMDH) for the first four months of this year, compared to a deficit of 3.4 MMDH at the end of April 2020. This is what the indicators published by the General Treasury of the Kingdom (TGR) reveal.
Morocco
Fitch Affirms Morocco's BB+ Credit Rating, Citing Economic Stability Despite Challenges
Morocco’s rating on long-term sovereign foreign currency issues is BB+, certified by the rating agency Fitch Ratings. This rating also shows stable prospects.
Morocco
Ramadan's Mixed Economic Impact on Morocco: Boom for Some Sectors, Bust for Others
The month of Ramadan, although carrying several graces, does not yet make the Moroccan economy happy. While some sectors are making a profit, others are at the bottom of the pit.
Morocco
Morocco Faces Doctor Shortage, Seeks Foreign Medical Professionals
For a few years now, Morocco has been suffering from a shortage of healthcare professionals. This situation, which has worsened with the health crisis, calls for emergency measures.
Morocco
Morocco's Budget Deficit Hits 6.7 Billion Dirhams Amid Pandemic Relief Efforts
In Morocco, the Situation of Treasury Charges and Resources (SCRT) at the end of March 2021 is marked by a deficit of 6.7 billion dirhams compared to the same period last year, which had seen a surplus of 5.6 billion dirhams.