Macro-economic Trend
Morocco is a fairly stable economy with continuous growth over the past half-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.
This is a chart of trend of gross domestic product of Morocco at market prices estimated by the International Monetary Fund with figures in millions of Moroccan dirhams.
| Year | Gross Domestic Product | US Dollar Exchange | Inflation Index (2000=100) |
Per Capita Income (as % of USA) |
|---|---|---|---|---|
| 1980 | 74,090 | 3.93 Dirhams | 33 | 8.87 |
| 1985 | 129,507 | 10.06 Dirhams | 53 | 3.72 |
| 1990 | 212,819 | 8.24 Dirhams | 67 | 5.17 |
| 1995 | 281,702 | 8.54 Dirhams | 91 | 5.03 |
| 2000 | 354,208 | 10.62 Dirhams | 100 | 3.73 |
| 2005 | 460,855 | 8.86 Dirhams | 107 | 4.68 |
| 2006 | 503,714 | 8.72 Dirhams | 72 |
For purchasing power parity comparisons, the U.S. Dollar is exchanged at over 8 Dirhams. Mean wages were $2.88 per man-hour in 2009.
Read more about this topic: Economy Of Morocco