Morocco

Morocco Economic Outlook

  • The Moroccan economy proved resilient in 2013 with a growth rate of 4.7%, buttressed mainly by domestic consumption and public investment, but also by a good agricultural year.
  • The reforms that have been underway for several years in favour of the private sector were strengthened in 2013 by a fiscal reform and the continuation of the reform of the compensation fund, which represents a key step in reducing public spending.
  • Morocco has invested in consistent sectoral strategies to accompany the reforms undertaken since the early 2000s, which helped accelerate the economy’s structural transformation and promote new products. New industries, such as aeronautics and automobiles, are now drivers of growth and areas of innovation for the Moroccan economy. These areas can help Morocco overcome the difficulties encountered by certain traditional sectors such as textiles.

Contacts

Bureau National du Maroc

Groupe de la Banque africaine de Développement
Bâtiment B7
Parc Technopolis
Sala Al Jadida
B.P. 592 Rabat Chelah
Rabat, Maroc

Tél : (+212) 530177300
Fax : (+212) 538014402

Mme Yacine Fal, Représentante Résidente

Department North Africa Region

Director North Africa Region, Mr. Jacob Kolster

Temporary Relocation Agency (TRA)
15 Avenue du Ghana
P.O.Box 323-1002, Tunis-Belvédère, Tunisia

Phone: (+216) 71102065
Fax: (+216) 71330087

Key Facts

Flag:
Capital: Rabat
Area: 712,550 sq km
Total Population 2013: 33.0 Million
Urban Population 2013: 57.76%
Female Population 2013: 50.64%
GDP: US$ 107.6 Billion
GNI Per Capita 2013: US$ 2,960
Inflation Rate: 1.88%
Crude Birth Rate (per 1000): 22.71%
Human Development Index (rank / 187): 130
Human Development Index (scale 0 to 1): 0.591
Membership Date: 10/09/1964
Cumulative Approvals (1967-2013): UA 7.0 Billion

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