1 . General
key data of the economy
dirham currency
GNP $ 46.9 billion (2004)
2160 dollars per capita (2006)
GDP $ 65.4 billion (2006)
2 144.6 dollars per capita (2006)
Growth rate of 8% of GDP (2006)
* Inflation rate 1.9% (2006)
Unemployment rate 9.7%
Trade Balance -39.2% of imports (2002-2004)
Primary sector 44.6% of the labor force (2006)
15.7% of GDP (2006)
Secondary sector 19.8% of the labor force (2006)
27.8% of GDP (2006)
Share of the tertiary sector 35.5% of the labor force (2006)
56.5% of GDP (2006)
* Relative to GDP ratio
ratioMorocco is essentially an agricultural country, although only 21 percent . 100 of the total area to be cultivated. In 2006, the gross domestic product (GDP ) totaled $ 65 billion , a figure that placed the country 54th in the world. Since 1985 , the economy was subjected to a severe structural adjustment that produces unparalleled results on the African continent. However , economic growth - 3.1 percent . 100 on average from 1980 to 1994; 8 on average for the period 2006 to 2006 - still insufficient to reduce unemployment : Each year, 250,000 job seekers entering the labor market. In 2006, the unemployment rate stood at 9.7 percent . 100 ; inflation reached 6.6 percent . 100 .
2 . Agriculture, forestry , fishing
In 1995 , the primary sector accounted for 35 percent . 100 of the labor force and contributed 18 percent . 100 to the GDP .Production is highly dependent on the weather. Thus , the year 1994 had proved outstanding after three years of drought, but the prolonged drought of 1995 again seriously threatened the country's agriculture .The main crops are cereals , wheat (31 per 100 cultivated land in 1994 ; . 19th in the world) and barley (26 per 100 land ; . 11th in the world ) whose production totaled 3,000,000 tons. Potatoes , melons , olives , grapes, legumes, date palms, sugar cane and sugar beets are grown . Morocco is a major producer of citrus ( 1.275 million tons, of which 940,000 tons of oranges, 11th in the world ) mainly for export with winter vegetables.The population has about 15.6 million sheep (19th in the world) , 5.5 million goats and 3.3 million cattle.Cork is one of the major resources of the Moroccan forest, but most of the cut wood is used as fuel ; in 2006, timber production totaled 944,000 m3 , very small amount .The main fishing centers are Agadir , Safi , Essaouira , Casablanca, plus the coastal centers of Western Sahara . In 2005, the annual catch totaled 947,777 tons and included sardines , tuna, mackerel , anchovies and shellfish.
3 . Mines and Industries
In 1995 , the secondary sector employed 24 percent . 100 of the labor force and contributed 33 percent . 100 to the GDP .
1 . Mining and Energy
The country has considerable mineral resources is the third largest producer of phosphate ( Youssoufia deposits of Khouribga , Benguerir and Bou Craa , in Western Sahara , 20 million tons in 1995) ; the 10th producer of lead ( 70,000 t) and silver (333 000 t ) .
key data of the economy
dirham currency
GNP $ 46.9 billion (2004)
2160 dollars per capita (2006)
GDP $ 65.4 billion (2006)
2 144.6 dollars per capita (2006)
Growth rate of 8% of GDP (2006)
* Inflation rate 1.9% (2006)
Unemployment rate 9.7%
Trade Balance -39.2% of imports (2002-2004)
Primary sector 44.6% of the labor force (2006)
15.7% of GDP (2006)
Secondary sector 19.8% of the labor force (2006)
27.8% of GDP (2006)
Share of the tertiary sector 35.5% of the labor force (2006)
56.5% of GDP (2006)
* Relative to GDP ratio
ratioMorocco is essentially an agricultural country, although only 21 percent . 100 of the total area to be cultivated. In 2006, the gross domestic product (GDP ) totaled $ 65 billion , a figure that placed the country 54th in the world. Since 1985 , the economy was subjected to a severe structural adjustment that produces unparalleled results on the African continent. However , economic growth - 3.1 percent . 100 on average from 1980 to 1994; 8 on average for the period 2006 to 2006 - still insufficient to reduce unemployment : Each year, 250,000 job seekers entering the labor market. In 2006, the unemployment rate stood at 9.7 percent . 100 ; inflation reached 6.6 percent . 100 .
2 . Agriculture, forestry , fishing
In 1995 , the primary sector accounted for 35 percent . 100 of the labor force and contributed 18 percent . 100 to the GDP .Production is highly dependent on the weather. Thus , the year 1994 had proved outstanding after three years of drought, but the prolonged drought of 1995 again seriously threatened the country's agriculture .The main crops are cereals , wheat (31 per 100 cultivated land in 1994 ; . 19th in the world) and barley (26 per 100 land ; . 11th in the world ) whose production totaled 3,000,000 tons. Potatoes , melons , olives , grapes, legumes, date palms, sugar cane and sugar beets are grown . Morocco is a major producer of citrus ( 1.275 million tons, of which 940,000 tons of oranges, 11th in the world ) mainly for export with winter vegetables.The population has about 15.6 million sheep (19th in the world) , 5.5 million goats and 3.3 million cattle.Cork is one of the major resources of the Moroccan forest, but most of the cut wood is used as fuel ; in 2006, timber production totaled 944,000 m3 , very small amount .The main fishing centers are Agadir , Safi , Essaouira , Casablanca, plus the coastal centers of Western Sahara . In 2005, the annual catch totaled 947,777 tons and included sardines , tuna, mackerel , anchovies and shellfish.
3 . Mines and Industries
In 1995 , the secondary sector employed 24 percent . 100 of the labor force and contributed 33 percent . 100 to the GDP .
1 . Mining and Energy
The country has considerable mineral resources is the third largest producer of phosphate ( Youssoufia deposits of Khouribga , Benguerir and Bou Craa , in Western Sahara , 20 million tons in 1995) ; the 10th producer of lead ( 70,000 t) and silver (333 000 t ) .
">It also extracted coal, cobalt , iron, copper , manganese, oil , tin and zinc .In 2003, 94.21 per cent. 100 of the power generation is thermal , the remainder being produced in local hydro . In 2003 , annual production was about 17.3 billion kilowatt hours .
2 . industries
Small
and medium enterprises account for the bulk of the country's industrial
production : building materials , chemicals, textiles, footwear,
refined petroleum, food products, wine , sugar, etc. (32 per 100 of
total industrial production. ) . The craft is also an important traditional sector: fabrics, upholstery
, ceramics, carpets and blankets and high quality cabinetry .
4 . tertiary sector
In 1995, the tertiary sector employed 41 percent . 100 of the labor force and contributed 49 percent . 100 to the GDP .The currency is the dirham, divided into 100 centimes ; it is issued by the Bank Al -Maghrib (1959) , Central Bank of Morocco . Many private banks are also installed in the country.The Moroccan emigration and tourism provide significant revenues in foreign currencies. However, the Islamist terrorist threats facing the Maghreb have
significantly slowed the arrival of tourists in Morocco, and the revenue
from this sector are declining (701 million in 2006).The country has important port facilities in Casablanca , Agadir, Kenitra , Safi and Tangier . In the early 1990s , the country was equipped with a rail network of 1 890 km and 59 198 km of roads , 47 p. 100 were paved . Royal Air Morocco , the national airline , provides domestic and international routes . There are 19 airports in Morocco .
5 . trade
With $ 14.2 billion in exports and 8.78 billion dollars of imports , the trade balance was a deficit of Morocco in 2003.Morocco exports mainly phosphates and derivatives, citrus , wheat , fish . Its
main trading partners are the countries of the European Union ( 67.9 p.
100 imports, 70.9 p. 100 exports, 30.4 p. 100 to France ) , the United
States (5, 4 p. 100) , the developing countries (22.8 p. 100 imports, 18.9 percent . 100 exports) .
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