Economic Growth
Morocco is a fairly stable economy with continuous growth over the past half-a-century. Current GDP per capita grew 47% in the Sixties reaching a peak growth of 274% in the Seventies. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the Eighties and 8.9% in the Nineties.
Real GDP growth is expected to average 5.5% in the 2009–13 period, seen the prospects in the tourism and the non-agricultural industry, as demand growth in the Eurozone — Morocco's key export market and source of tourists is projected to be more subdued. Growth will be well below the 8–10% levels that are widely regarded as necessary to have a major impact on poverty and unemployment. Economic growth will also be intermittently hindered by the impact of periodic droughts on the rain-fed agricultural sector, the country's largest employer.
| Moroccan GDP growth (IMF) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2004–2010 |
|---|---|---|---|---|---|---|---|---|
| Moroccan GDP(PPP) | 101.904 | 108.171 | 120.365 | 126.943 | 138.177 | 148.109 | 159.007 | NA |
| Moroccan GDP(Nominal) | 56.948 | 59.524 | 65.640 | 75.116 | 90.470 | 97.68 | 106.59 | NA |
| Moroccan GDP(PPP) per capita | 3,409 | 3,585 | 3,945 | 4,093 | 4,432 | 4,725 | 5,025 | NA |
| Percentage of GDP growth | 4.8 | 3.0 | 7.8 | 2.7 | 6.5 | 4.4 (est.) | 4.4 (est.) | Av. of 5.2% |
| Public Debt (percentage of GDP) | 59.4 | 63.1 | 58.1 | 53.6 | 51.9 | 51.8 (est.) | 50.1 (est.) | NA |
Read more about this topic: Economy Of Morocco
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