The five-year plan for to envisaged a real economic growth of 7. Formidable long-term challenges included: servicing the external debt ; preparing the economy for freer trade with the European Union ; and improving education and attracting foreign investment to improve living standards and job prospects for Morocco's youthful population. Morocco has approximately two thirds of the world's phosphate reserves. The strongest point of Moroccan industry is phosphate mining near Khouribga and in Western Sahara. GDP From Construction. The combination of strong foreign exchange reserves and active external debt management gives Morocco the capacity to service its debt. Deposit Interest Rate in Morocco at 3. United Kingdom. Morocco Crude Oil Production at 0.
Video: Morocco economy statistics 1980 i-Profile: MOROCCO - Pioneering Economic Growth / 30'-minute program
The ambitious five-year plan for toestimated to cost more than $18 billion, aimed for a growth rate of % annually. The economy of Morocco is considered a relatively liberal economy governed by the law of Since the early s, the Moroccan government has pursued an economic program toward accelerating real economic.
The objective was to attain an annual 5% growth rate in GDP; the real growth rate actually exceeded 6 %.
little less than double of the average rate of the s ( percent). The good growth.
Reforms triggered positive changes in the Moroccan economic structure. The most . For the first time since the s, the current account ran large.
Morocco Current Account at Better rains during the to growing season led to a 6.
Morocco was one of the first Arab countries to begin a programme of state sell offs, and it has one of the most ambitious programmes, with enterprises identified for sale in GDP From Services. Agriculture Automotive industry Finance Fishing Tourism.
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|The government continued liberalizing the telecommunications sector inas well as the rules for oil and gas exploration.
Morocco Current Account at Indonesia Trade Surplus Smaller than Estimated. Euro Area. Views Read Edit View history.
Details Details. 50 Morocco. Statistical Capacity score ( Overall average). Details.
HCI and GDP Per Capita PPP (log scale, horizontal axis). GDP of Morocco increased from billion US dollars in to billion US dollars in growing at an average annual rate of %.
Though Morocco real GDP growth fluctuated substantially in recent years, it tended Annual percentage growth rate of GDP at market prices based on constant.
United States. The national government introduced a series of structural reforms in the first decade of the 21st century.
The plan called for a growth rate of 6.
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France alone accounts for about a quarter of the country's imports and a third of its exports. Calendar Forecast Indicators News Blog.