Morocco’s GDP Reaches 1.1 Trillion Dirhams in 2018, Driven by Corporate Growth

In 2018, financial and non-financial companies were able to create 43.6% of the national wealth, notes the High Commission for Planning (HCP) in the national accounts of the institutional sectors for the year 2018. This contribution is slightly improved compared to 2017, it is noted.

As for the contribution of households and non-profit institutions serving households to GDP, it has slightly decreased, from 29.7% in 2017 to 29.5% in 2018. The contribution of public administrations to GDP, on the other hand, stood at 15.1%, down 0.3 points compared to 2017.

"The mixed income, including the gross surplus of the housing service, contributed to the gross disposable income of households by 42.5%, while net property income, social benefits and other net transfers accounted for 25.8%," the HCP points out in an information note.

According to the same source, household debt to banks has increased, from 17.5 billion dirhams in 2017 to 23.7 billion dirhams in 2018. As a result, the net flow of deposits recorded a remarkable decrease, from 50.6 billion dirhams in 2017 to 33.9 billion dirhams in 2018.