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

Morocco Field Office

Resident Representative, Mrs Yacine Fal

African Development Bank Group
No 30 lotissement Al-Andalous
BP 21555 Rabat Annakhil, Hay Ryad, Rabat, Morocco

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

 

 

Department North Africa Region

Director North Africa Region, Mr. Jacob Kolster

African Development Bank Group
Immeuble Zahrabed
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia

Tel: (+216) 71102953
Fax: (+216) 71194523

 

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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