Economy - overview:
Morocco has capitalized on its proximity to Europe and relatively low labor costs to build a diverse, open, market-oriented economy. In the 1980s Morocco pursued austerity measures and pro-market reforms, overseen by the IMF. Since taking the throne in 1999, King Mohammed VI has presided over a stable economy marked by steady growth, low inflation, and generally declining government debt. Industrial development strategies and infrastructure improvements - most visibly illustrated by a new port and free trade zone near Tangier - are improving Morocco's competitiveness. Key sectors of the economy include agriculture, tourism, phosphates, textiles, apparel, and subcomponents. In 2006 Morocco entered into a bilateral Free Trade Agreement with the United States; it remains the only African country to have one. In 2008 Morocco entered into an Advanced Status agreement with the Euripean Union. Despite Morocco's economic progress, the country suffers from high unemployment and poverty. In 2011, high food and fuel prices strained the government's budget and widened the country's current account deficit. Key economic challenges for Morocco include fighting corruption, reducing government spending, reforming the education system and judiciary, addressing socioeconomic disparities, and building more diverse, higher value-added industries.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Morocco on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Morocco Economy 2012 information contained here. All suggestions for corrections of any errors about Morocco Economy 2012 should be addressed to the CIA.
$163 billion (2011 est.)
country comparison to the world: 59
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$101.8 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
4.6% (2011 est.)
country comparison to the world: 88
[see also: GDP - real growth rate country ranks ]
$5,100 (2011 est.)
country comparison to the world: 146
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 16.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 32.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 51% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
11.6 million (2011 est.)
country comparison to the world: 45
[see also: Labor force country ranks ]
agriculture: 44.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 35.5% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]
9.2% (2011 est.)
country comparison to the world: 105
[see also: Unemployment rate country ranks ]
15% (2007 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 33.2% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
40.9 (2007 est.)
country comparison to the world: 58
[see also: Distribution of family income - Gini index country ranks ]
30.6% of GDP (2011 est.)
country comparison to the world: 30
[see also: Investment (gross fixed) country ranks ]
revenues: $26 billion
[see also: Budget revenues country ranks ]
expenditures: $31.94 billion (2011 est.)
[see also: Budget expenditures country ranks ]
25.5% of GDP (2011 est.)
country comparison to the world: 121
[see also: Taxes and other revenues country ranks ]
-5.8% of GDP (2011 est.)
country comparison to the world: 166
[see also: Budget surplus (+) or deficit (-) country ranks ]
65% of GDP (2011 est.)
country comparison to the world: 35
[see also: Public debt country ranks ]
1.9% (2011 est.)
country comparison to the world: 15
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010 est.)
country comparison to the world: 97
[see also: Central bank discount rate country ranks ]
6.5% (31 December 2011 est.)
country comparison to the world: 142
[see also: Commercial bank prime lending rate country ranks ]
$70.49 billion (31 December 2011 est.)
country comparison to the world: 41
[see also: Stock of narrow money country ranks ]
$108.2 billion (31 December 2010 est.)
country comparison to the world: 50
[see also: Stock of broad money country ranks ]
$94.01 billion (31 December 2011 est.)
country comparison to the world: 54
[see also: Stock of domestic credit country ranks ]
$69.15 billion (31 December 2010)
country comparison to the world: 49
[see also: Market value of publicly traded shares country ranks ]
barley, wheat, citrus fruits, grapes, vegetables, olives; livestock; wine
phosphate rock mining and processing, food processing, leather goods, textiles, construction, energy, tourism
4.4% (2010 est.)
country comparison to the world: 79
[see also: Industrial production growth rate country ranks ]
19.49 billion kWh (2008 est.)
country comparison to the world: 71
[see also: Electricity - production country ranks ]
21.47 billion kWh (2008 est.)
country comparison to the world: 67
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
3.429 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
3,938 bbl/day (2010 est.)
country comparison to the world: 98
[see also: Oil - production country ranks ]
209,000 bbl/day (2010 est.)
country comparison to the world: 55
[see also: Oil - consumption country ranks ]
25,090 bbl/day (2009 est.)
country comparison to the world: 87
[see also: Oil - exports country ranks ]
221,000 bbl/day (2009 est.)
country comparison to the world: 45
[see also: Oil - imports country ranks ]
60 million cu m (2009 est.)
country comparison to the world: 81
[see also: Natural gas - production country ranks ]
560 million cu m (2009 est.)
country comparison to the world: 95
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 145
[see also: Natural gas - exports country ranks ]
500 million cu m (2009 est.)
country comparison to the world: 66
[see also: Natural gas - imports country ranks ]
1.444 billion cu m (1 January 2011 est.)
country comparison to the world: 97
[see also: Natural gas - proved reserves country ranks ]
-$8.041 billion (2011 est.)
country comparison to the world: 179
[see also: Current account balance country ranks ]
$20.52 billion (2011 est.)
country comparison to the world: 72
[see also: Exports country ranks ]
clothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish
Spain 19.7%, France 17.8%, India 5.8%, US 4.2%, Brazil 4.1% (2010)
$39.42 billion (2011 est.)
country comparison to the world: 57
[see also: Imports country ranks ]
crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics
France 16.9%, Spain 14.2%, China 7.9%, US 6.2%, Saudi Arabia 6.1%, Italy 5.9%, Germany 5.4% (2010)
$21.92 billion (31 December 2011 est.)
country comparison to the world: 56
[see also: Reserves of foreign exchange and gold country ranks ]
$28.08 billion (31 December 2011 est.)
country comparison to the world: 70
[see also: Debt - external country ranks ]
$45.03 billion (31 December 2011 est.)
country comparison to the world: 56
[see also: Stock of direct foreign investment - at home country ranks ]
$759 million (31 December 2011 est.)
country comparison to the world: 75
[see also: Stock of direct foreign investment - abroad country ranks ]
Moroccan dirhams (MAD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12