MAD live macro board

Morocco Macro Data Board

Country-level macro coverage for MAD research.

Morocco macro data matters for MAD because rates, inflation, growth, labour data, and external balances shape central-bank pricing and capital-flow expectations. This page brings those indicator families into one country-level map.

MAD currency market profile

Core identifiers, trading context, and product links for the MAD market.

Currency code
MAD

Moroccan Dirham

Policy institution
Bank Al-Maghrib

Primary central-bank or monetary authority reference.

Primary USD pair
USD/MAD

Fast path into the FX pair dashboard and market profile.

Trading session
London

Approximate primary liquidity window used across FXMacroData pages.

Symbol
MAD

Display symbol used in product surfaces.

Also known as
None listed

Common market shorthand where available.

Morocco macro brief

The highest-signal pages for Morocco include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.

The Bank Al-Maghrib is the main policy institution to watch when reading Morocco data. Inflation, activity, and labour-market surprises help traders judge whether policy is likely to tighten, stay restrictive, or move toward easing.

For MAD research, combine the country-level release map with the USD/MAD dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.

What to watch
  • Upcoming inflation and policy-rate releases.
  • Revisions to prior data that change the trend, not only the latest print.
  • Divergence between local data momentum and major trading partners.
  • Whether the release changes central-bank reaction-function pricing.

Morocco source map

Publisher groups represented in the checked-in coverage catalogue for this market.

Not available (official integration pending) 20 series
Central Bank 3 series
High Commission for Planning 1 series
Official source 1 series
Bank for International Settlements 1 series
Bank Al-Maghrib 1 series
Derived from policy_rate 1 series

Morocco coverage by category

The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.

Economy 10 / 10
Labor Market 5 / 5
Money & Credit 3 / 3
Monetary Policy 2 / 2
Government Bond Yields 5 / 5
Additional Indicators 3 / 3

Key Morocco indicators

Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page Irregular % Starts pending Monetary Policy

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly %YoY Starts pending Economy

Core Inflation

CPI excluding volatile items like food and energy.

Published page Monthly %YoY Starts pending Economy

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly %YoY Starts pending Economy

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly % Starts pending Economy

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly % Starts pending Labor Market

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly USD mn Starts pending Economy

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly % Starts pending Economy

Published Morocco indicator pages

Filter by indicator name, source, cadence, or category.

Economy 10 pages

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Quarterly Index (0-100 normalized) Starts pending

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Monthly Index (0-100 normalized) Starts pending

Core Inflation

CPI excluding volatile items like food and energy.

Monthly %YoY Starts pending

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly USD mn Starts pending

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly % Starts pending

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Starts pending

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Starts pending

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly % Starts pending

Trade Balance

The difference between the value of a country's exports and imports.

Monthly USD mn Starts pending

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Starts pending
Labor Market 5 pages

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Monthly % Starts pending

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Starts pending
Money & Credit 3 pages

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly MAD bn Starts pending

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly MAD bn Starts pending

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly MAD bn Starts pending
Monetary Policy 2 pages

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Irregular % Starts pending
Government Bond Yields 5 pages
Additional Indicators 3 pages

Tracked Morocco data catalogue

Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.

Economy 10 tracked

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Published page Quarterly High Commission for Planning Starts pending

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Published page Monthly Official source Starts pending

Core Inflation

CPI excluding volatile items like food and energy.

Published page Monthly Not available (official integration pending) Starts pending

Current Account Balance

Measures trade in goods and services and income flows.

Published page Quarterly Not available (official integration pending) Starts pending

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly Not available (official integration pending) Starts pending

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Monthly Not available (official integration pending) Starts pending

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Monthly Not available (official integration pending) Starts pending

Retail Sales

Measures change in the total value of sales at the retail level.

Published page Monthly Not available (official integration pending) Starts pending

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly Not available (official integration pending) Starts pending

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Published page Monthly Bank for International Settlements Starts pending
Labor Market 5 tracked

Employment Level

Total number of employed persons.

Published page Monthly Not available (official integration pending) Starts pending

Full-Time Employment

Number of persons employed full-time.

Published page Monthly Not available (official integration pending) Starts pending

Part-Time Employment

Number of persons employed part-time.

Published page Monthly Not available (official integration pending) Starts pending

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Published page Monthly Not available (official integration pending) Starts pending

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Monthly Not available (official integration pending) Starts pending
Money & Credit 3 tracked

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Published page Monthly Not available (official integration pending) Starts pending

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Published page Monthly Not available (official integration pending) Starts pending

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Published page Monthly Not available (official integration pending) Starts pending
Monetary Policy 2 tracked

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page Irregular Bank Al-Maghrib Starts pending

Risk Free Rate

Overnight lending rate between banks.

Published page Irregular Derived from policy_rate Starts pending
Government Bond Yields 5 tracked
Additional Indicators 3 tracked

MAD market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

Bank Al-Maghrib policy guidance and rate-decision language.

Driver 2

Inflation surprises relative to target and market expectations.

Driver 3

Growth momentum across GDP, retail demand, and industrial activity.

Driver 4

Labour-market pressure, wage-sensitive releases, and unemployment trends.

Driver 5

Trade, external-balance, and commodity-linked flows where relevant.