Recent Developments
| Macroeconomic indicators | |
|---|---|
| GDP (PPP) | US $148.1 billion (2009 est.) |
| GDP growth | 5.7% (2009 est.) |
| GDP per capita PPP | US $4,725 (2009 est.) |
| GNI(PPP) per capita | US $3,990 (2009 est.) |
| Inflation (CPI) | 4.6% (2009 est.) |
| Gini index | 40.0 (2005) |
| Unemployment | 2.1% (2008) |
| HDI | 0.646 (2007) |
| Labor force | 11.5 million (2008 est.) |
| Pop. in poverty | 15% (2008) |
Morocco's sound economic management in recent years has yielded strong growth and investment grade status and it is weathering the negative impacts of the global crisis impressively well. Morocco is now addressing persistent social problems by reducing absolute poverty rates, investing in human capital through quality education, expanding access to drinking water, and linking rural areas to markets through investment in roads.
Morocco faces challenges on human development outcomes despite progress over the past decade, in particular. Overall illiteracy rates and gender disparity in access to secondary education remain high and the country continues to suffer poor outcomes on infant and maternal mortality. It also needs to diversify its economy, become more competitive, and integrate further into the global economy if it is to reach higher growth levels. The government has recognized this challenge and has put in place an ambitious process of legal, policy, and institutional modernization that has far-reaching political, economic, and social dimensions. It has designed and is now implementing a comprehensive set of new sector strategies that respond to the overall national vision and that target development challenges with clear, measurable goals and indicators.
Read more about this topic: Economy Of Morocco
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