Morocco’s gross domestic product (GDP) at current prices, should reach $121.427 billion in 2017, against about $116 billion in 2016, according to forecasts found in the data report on Africa’s socio-economic indicators published by the African Development Bank (AfDB).

According to the pan-African institution, the Moroccan economy should remain dynamic this year, mainly as a result of the good performances recorded by its agricultural sector. Indeed, AfDB forecast a growth of 4.5% for the Moroccan economy this year, but said it should however slightly decrease the year after to 3.9%. 

These performances, according to AfDB’s experts, are to be attributed to Morocco’s efforts to insure the structural transformation of its economy. These efforts should however be sustained with “intensity and urgency” considering the volatility of the prices of base products.

It should be noted that compared to 2006 where it stood at $65.625 billion, Morocco’s GDP almost doubled in 2017, exceeding $120 billion.