Economy
Nominal GDP
USD 163 billion
GDP per capita
USD 3,978
2021–2025 average
Currency
- Name
- Moroccan dirham
Марокканский дирхам - ISO code
- MAD
- Rate against the US dollar
- USD 1 = 9.7194 MAD
- Rate against the rouble
- 1 MAD = 8.5971 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 10.8%
- Industry 25.6%
- Services 53.0%
Industries and programmes
- Key industries
- Phosphates and fertilizers (OCP), automotive manufacturing, aircraft components, textiles, tourism, and agriculture.
- Government programmes
- New Development Model (NMD) through 2035
- Investment Charter (Framework Law 03-22)
- “Green Generation 2020–2030” Strategy
- National Energy Strategy
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 35.8 | 100.0 |
| 2022 | 41.5 | 115.9 |
| 2023 | 41.6 | 116.2 |
| 2024 | 45.2 | 126.3 |
| 2025 | 49.8 | 139.1 |
- Imports of goods
- USD 73.4 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 76.5 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +39.1%
- Average annual rate of change in exports of goods, 2021–2025
- +8.6%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
- Automotive and battery manufacturing
- Fertilizers
- Renewable energy and green hydrogen
- Agribusiness
- Logistics (Tanger Med)
Agreements with Russia
Investment protection
Agreement on the Promotion and Reciprocal Protection of Investments: signed 15 March 2016; not yet in force
Signed, not in force
Double taxation
Agreement (Convention) on the avoidance of double taxation: signed 4 September 1997; in force since 31 August 1999
In force
Visa requirements
For Russian citizens holding ordinary passports: visa-free for up to 90 days — unilateral arrangement
Visa-free
Peaceful nuclear energy
- memorandum with Rosatom (October 2017)
Memorandum or other arrangement
Other agreements
- Agreement on the avoidance of double taxation; intergovernmental agreement on cooperation in marine fisheries.
- Agreements on International Road Transport and Transport Cooperation (2026); memorandum with Rosatom (2017).
Incentives
- Main regimes and incentives
Investment Charter 2022: direct subsidies of up to 30% of investment (base, location-based and sectoral premiums); industrial acceleration zone regimes (0% corporate income tax for the first 5 years).
- Type of measure
- Investment agency
- AMDIE — Moroccan Investment and Export Development Agency
CRI — Regional Investment Centers (CRI)
