Morocco’s Tax Revenue Drops 7.7% as Customs and Domestic Taxes Decline
17 September 2020
The Kingdom’s gross tax revenues fell by 7.7% at the end of August. This is due to the decline in customs revenues and domestic taxation.
Deficit
Moroccan Dirham Gains Against Euro, Slips Versus Dollar Amid Economic Shifts
14 September 2020
The dirham appreciated by 0.67% against the euro and depreciated by 0.21% against the dollar during the period from September 3 to 9, 2020. This is indicated by data from Bank (…)
Morocco’s Manufacturing Sector Plunges 21% Amid COVID-19 Lockdowns
13 September 2020
The index of production of manufacturing industries excluding oil refining fell by 21.4% in the second quarter of 2020 compared to the same period in 2019. This is the (…)
Morocco’s Foreign Investment Plummets 21.5% Amid Global Economic Downturn
4 September 2020
The flow of foreign direct investment (FDI) in Morocco recorded at the end of July 2020 has declined by 21.5% compared to last year. According to the Foreign Exchange Office, (…)
Morocco’s Cereal Production Plummets 57% Amid Drought Conditions
4 September 2020
The Directorate of Strategy and Statistics of the Department of Agriculture conducted a telephone survey on cereal yields with producers. It emerges that the final production (…)
Morocco’s Trade Slumps: Exports and Imports Down 17% Amid Global Slowdown
3 September 2020
For the first seven months of 2020, both Moroccan imports and exports of goods recorded year-on-year declines of 17.5% and 17% respectively compared to the same period last year.
Moroccan Businesses Face Bankruptcy Surge as Courts Resume Full Operations
31 August 2020
At the Commercial Court of Casablanca, bankruptcy cases are on the rise and a sharp increase in the number of companies closing down due to lack of resources is expected (…)
Remittances to Morocco Drop 8% as Travel and Foreign Investment Decline
30 August 2020
Transfers from Moroccans Residing Abroad (MREs) fell by 8.1% to 24 billion dirhams at the end of the first half of 2020. They were able to cover 59.4% of the trade deficit, (…)
Moroccan Real Estate Market Plunges: Prices and Transactions Plummet Amid Economic Crisis
28 August 2020
The Moroccan real estate market continues its downward slide. According to the index of real estate asset prices published by Bank Al-Maghrib, there is a 3.3% drop, with (…)
Moroccan Exports Plummet 18% as COVID-19 Hits Auto and Textile Sectors
11 August 2020
The coronavirus pandemic has had repercussions on Moroccan exports, which fell by 18.3% in the first half of 2020.