Composed of 65% of housing loans and 35% of consumer loans granted by banks and finance companies, this debt is up by 4.8% against 2.7% in 2020, approaching as well as its average level of progress of 4.9% observed over the period 2013-2019, specifies the report. It continues to represent more than a third of the loan portfolio of these establishments.
Overall household debt relative to gross domestic product (GDP) fell from 32% to 30% at the end of 2021, in line with the recovery in GDP after its sharp contraction observed in 2020.
Regarding the indebtedness of residents, which represents a dominant share in the overall debt of households, it reached 366 billion dirhams, an annual increase of 4.7%. Relative to GDP, it fell from 30% to 28%. That of Moroccans residing abroad (MRE) accumulated nearly 20 billion dirhams, with an increase of 6.7%, after the decline of 5.1% in 2020. This debt represents 28.9% of their transfers against 27 .5% a year earlier.
Through this report, the authorities of the financial sector aim to provide the public with a cross-sectional view of the situation of the Moroccan financial system and the risks likely to affect it, as well as an analysis of the main economic and financial trends.