Morocco Current Account
Morocco · Quarterly series · EC-MA-CA
Latest, Q2 2026
-2.89B MAD
-2.31B MAD from Q1 2026
Forecast
Forecast for Q2 2027: -2.10B MAD, with an 80% interval of -4.51B MAD to 256.25M MAD.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | -1.11B MAD | -2.57B MAD | 154.10M MAD |
| Q4 2026 | -1.44B MAD | -3.47B MAD | 465.95M MAD |
| Q1 2027 | -1.07B MAD | -1.83B MAD | -398.30M MAD |
| Q2 2027 | -2.10B MAD | -4.51B MAD | 256.25M MAD |
AI confidence
Supported evidenceThe 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.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
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.
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.
Recent history (24 observations)
| Period | Value |
|---|---|
| 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 2024 | 604.75M 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 2021 | 247.87M MAD |
| Q2 2021 | -2.19B MAD |
| Q1 2021 | -951.96M MAD |
| Q4 2020 | 148.79M MAD |
| Q3 2020 | 5.66M MAD |
Source
Data: public market data feeds.
More from Agentic Investor
- Open Morocco Current Account in the app: the interactive chart and a fresh forecast
- World and commodity series: every stored series
- Vietnam indicators
Also stored for Morocco
- Morocco Balance Of Trade
- Morocco Banks Balance Sheet
- Morocco CPI Housing Utilities
- Morocco CPI Transportation
- Morocco Capital Flows
- Morocco Central Bank Balance Sheet
- Morocco Changes In Inventories
- Morocco Consumer Confidence Index
- Morocco Consumer Price Index
- Morocco Consumer Spending
- Morocco Core Inflation Rate YoY
- Morocco Corporate Tax Rate