Balance on Current Account for Morocco
MARBCAUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,870,027,557.30
Year-over-Year Change
-50.82%
Date Range
1/1/2000 - 1/1/2025
Summary
The Balance on Current Account for Morocco measures the difference between Morocco's total imports and exports of goods, services, and income. It is a key indicator of the country's economic health and international trade performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Balance on Current Account tracks Morocco's overall position in international trade and financial transactions. It reflects the net flow of capital into and out of the country, providing insight into its international competitiveness and ability to finance its domestic investments.
Methodology
The data is compiled by Morocco's central bank based on reports from commercial banks and other financial institutions.
Historical Context
Policymakers and analysts use the current account balance to assess Morocco's economic sustainability and need for policy adjustments.
Key Facts
- Morocco's current account deficit was 3.7% of GDP in 2021.
- The current account balance is heavily influenced by Morocco's trade in phosphates and tourism.
- Reducing the current account deficit is a key policy objective for the Moroccan government.
FAQs
Q: What does this economic trend measure?
A: The Balance on Current Account for Morocco measures the difference between the country's total imports and exports of goods, services, and income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance provides insight into Morocco's international competitiveness, ability to finance domestic investments, and overall economic health.
Q: How is this data collected or calculated?
A: The data is compiled by Morocco's central bank based on reports from commercial banks and other financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the current account balance to assess Morocco's economic sustainability and need for policy adjustments.
Q: Are there update delays or limitations?
A: The current account data for Morocco is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Balance on Current Account for Morocco (MARBCAUSD), retrieved from FRED.