Morocco Current Account

Morocco · Quarterly series · EC-MA-CA

Latest, Q2 2026

-2.89B MAD

-2.31B MAD from Q1 2026

Open interactive chartMorocco Current Account in the app

1.128B-1.689B-4.507BQ1 2003Q2 2027
History through Q2 2026, the forecast path to Q2 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for Q2 2027: -2.10B MAD, with an 80% interval of -4.51B MAD to 256.25M MAD.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
Q3 2026-1.11B MAD-2.57B MAD154.10M MAD
Q4 2026-1.44B MAD-3.47B MAD465.95M MAD
Q1 2027-1.07B MAD-1.83B MAD-398.30M MAD
Q2 2027-2.10B MAD-4.51B MAD256.25M MAD

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+40%Beats the no-change baseline over 8 tests (8 tests, 7 won)
Direction
81%No clear edge over a coin flip (26 of 32 calls right in 8 tests)
Turning points
15 of 17Anticipated most turns (17 turns in 8 tests, 0 without a turn)
Error vs baseline
40% lowerError ratio 0.60; 1.00 is a tie.
Tests won
7 / 8Complete rolling backtests; ties count as no win.
Test period
2018-09-01 to 2026-06-014 observations ahead per test.
80% band coverage
81%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

That is the lowest of the 40 readings since Q3 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
Q2 2026-2.89B MAD
Q1 2026-576.26M MAD
Q4 2025-1.45B MAD
Q3 2025-920.99M MAD
Q2 2025-1.97B MAD
Q1 2025-208.30M MAD
Q4 2024-906.16M MAD
Q3 2024-423.47M MAD
Q2 2024-1.25B MAD
Q1 2024604.75M MAD
Q4 2023-574.01M MAD
Q3 2023-117.00M MAD
Q2 2023-655.75M MAD
Q1 2023-183.23M MAD
Q4 2022-210.68M MAD
Q3 2022-308.40M MAD
Q2 2022-2.75B MAD
Q1 2022-1.53B MAD
Q4 2021-456.09M MAD
Q3 2021247.87M MAD
Q2 2021-2.19B MAD
Q1 2021-951.96M MAD
Q4 2020148.79M MAD
Q3 20205.66M MAD

Source

Data: public market data feeds.

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