Economic Overview
Casablanca is the leading force in the economic development of Morocco and, represents the key economic trading node for the African-European region. Casablanca is by far, the industrial center of Morocco with more than half of the country's factories, investment and commerce operations. Half of all of Morocco's commercial banking transactions occur in Casablanca. However, the vein of Casablanca's economy is in its phosphate exporting industry for which it is one of the main global ports as well as, the administrative center for its trade. Casablanca also has the highest concentration of light and heavy industrial activity, food processing, textiles, leather production and tourism, with a strong tertiary sector.
Figures published in 2010 by the financial forecasting and research division of Morocco confirm that inter-regional disparities stand out when it comes to GDP per capita income. In Greater Casablanca, for example, it is on average 3.6 times greater than in Taza-Al Hoceima-Taounate, at 25,918 and 7,257 dirhams respectively during the period 2000-2007.
Read more about this topic: Economy Of Casablanca
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“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)