Morocco - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Morocco was 34.93 as of 2020. Its highest value over the past 60 years was 39.32 in 2019, while its lowest value was 16.37 in 1978.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 23.57
1961 21.75
1962 18.02
1963 17.92
1964 19.49
1965 18.16
1966 18.96
1967 17.90
1968 18.48
1969 18.38
1970 17.64
1971 16.95
1972 18.57
1973 20.84
1974 27.56
1975 22.47
1976 17.92
1977 16.90
1978 16.37
1979 17.01
1980 19.34
1981 22.67
1982 21.60
1983 22.75
1984 25.63
1985 25.51
1986 21.88
1987 22.48
1988 25.00
1989 22.55
1990 24.56
1991 22.32
1992 22.17
1993 22.06
1994 20.94
1995 22.67
1996 21.84
1997 23.92
1998 23.40
1999 25.15
2000 26.79
2001 28.21
2002 28.92
2003 27.50
2004 28.11
2005 30.92
2006 32.76
2007 34.57
2008 35.74
2009 28.00
2010 32.23
2011 34.70
2012 34.93
2013 32.78
2014 34.63
2015 34.80
2016 35.35
2017 37.22
2018 38.78
2019 39.32
2020 34.93

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts