Morocco

Morocco Economic Outlook

  • The Moroccan economy displayed a degree of resilience in a particularly difficult economic context, growing by 3.2% in 2012, driven by internal consumption and public investment. However this growth cut into foreign exchange reserves and deepened the fiscal deficit.
  • Funding the economy remains a major challenge if the country is to maintain its momentum, and continuing reform is essential to check the rise in public spending, particularly of the compensation fund (Caisse de compensation), that pays subsidies for oil and basic goods.
  • Morocco has a coherent strategy in place since the early 2000s to achieve its medium-term vision and has made a good start on structural change, with Morocco’s phosphate industry – the world’s biggest producer and exporter – playing a key role both from a financial point of view and as a source of growth for other sectors of the economy, though the textile industry is among those needing to reposition quickly in the face of international competition.

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





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Key Facts

Flag:
Capital: Rabat
Area: 712,550 sq km
Total Population 2012: 32.6 Million
Urban Population 2012: 59.42%
Female Population 2012: 51.05%
GDP: US$ 101.3 Billion
GNI Per Capita 2012: US$ 2,970
Inflation Rate: 1.30%
Crude Birth Rate (per 1000): 18.90%
Human Development Index (rank / 187): 130
Human Development Index (scale 0 to 1): 0.591
Membership Date: 10/09/1964
Cumulative Approvals (1967-2012): UA 6.7 Billion

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