Morroco
Morocco’s economy is considered a relatively liberal economy governed by the law of supply and demand. Since 1993, the country has followed a policy of privatization of certain economic sectors which used to be in the hands of the government.Government reforms and steady yearly growth in the region of 4-5% from 2000 to 2007, including 4.9% year-on-year growth in 2003-2007 helped the Moroccan economy to become much more robust compared to a few years ago. Economic growth is far more diversified, with new service and industrial poles, like Casablanca and Tangier, developing. The agriculture sector is being rehabilitated, which in combination with good rainfalls led to a growth of over 20% in 2009.
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Demographic Data |
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Economic Data |
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Cultural & Other Data |
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|
GDP (PPP, $bn) |
137.3 |
Capital |
Rabat |
|
|
Area (sq. km.) |
446,550 |
GDP Real Growth (%) |
5.9 |
Other Large Cities |
Casablanca, Marrakech |
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Population (million) |
34.86 |
PerCap GDP ($) |
4,000 |
Primary Language |
Arabic |
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Population Growth % |
1.479 |
Central Bank Discount Rate (%) |
3.25 |
Urban Population % |
56 |
|
% Population Under 15yrs |
30 |
Inflation Rate% |
4.6 |
Urban Growth % |
1.8 |
|
Population below poverty line (%) |
15 |
Unemployment% |
10 |
Literacy (% of population) |
52.3 |
|
Agricultural Workers (% of population) |
45 |
Foreign Direct Investment($bn) |
35.36 |
Education spending as % of GDP |
NA |
|
Industrial Workers (% of population) |
20 |
Debt-External ($bn) |
21.11 |
CPI Score (1-10)* |
3.5 |
|
Service Workers (% of population) |
35 |
Exports ($bn) |
16.14 |
Corporate Income Tax % |
35 |
|
Labor Force (mil) |
11.5 |
Imports ($bn) |
34.44 |
Ease of Doing Business Ranking ** |
128 |
CURRENCY EXCHANGE RATE
06/12/09 $1 = 8.01 MAD
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