Annual Report 2009
 

 



Investment
Opportunities


Morocco is a natural bridge between western countries and Arab world. The country can be geographically divided into two main areas: the central Moroccan plain, a fertile area rich in rivers, and the Atlas Mountain chain, a vast area with a strong aptitude for agriculture. The country is rich in natural resources, particularly for  agriculture and mining. In recent years, Morocco reached important economic results creating a stable and balanced economic framework.

 

The country presents a diversified agricultural sector mostly located on the Atlantic coast and on the northern plateau. Although the sector is extremely varied offering products such as oats, barley, wheat, olives, dates, and fruits and vegetables, it remains barely competitive and it is quite sensitive to climatic variations. On the other hand, the fisheries ares well developed and account for 12% of total exports.

 

Industry, based on locally extracted raw materials is quite developed, particularly for phosphates of which Morocco is the largest world producer. The manufacturing sector has been growing in recent years including important sectors such as tobacco, beverage, textile and garment, chemical, machinery, and electronics.

 

Tourism displays a promising trend and has been growing at a fast pace, especially in the areas of  Marrakesh and Agadir.

 

In line with the policy prescriptions of international monetary institutions, Morocco is following a policy of modernization and industrial development. This led to an improvement in economic performance, to the creation of a more efficient legal framework, and to the reduction of the poverty rate. Notwithstanding imbalances in income distribution among different areas of the country, Morocco presents a positive and stable macroeconomic picture.

 

 

MAIN ECONOMIC INDICATORS

Government Constitutional monarchy
Area 446.550 sq km
Population 34,86 millions
Population growth rate 1.479%
Language Arabic, Berbers dialects, French
Gross Domestic Product (GDP) 90,47 billion US$
GDP growth rate 5,9 %
Gross National Income per capita 4.000 US$
GDP distribution per sector

 

Agriculture

14.7 %

Industry

38.9 %

Services

46.5 %
Public debt ( as GDP percentage)) 60.2 %
Labour force 11,5 millions
Unemployment rate 2.1 %
Consumption price index (percentage variation) 4.6 %
Export of goods and services 17.75 million US$
Import of goods and services 21.22 million US$
Local currency 7,526 Moroccan Dirham/US$
Foreign direct investment inflows 2898 millions US$
Foreign direct investment outflows 582 millions US$

Data 2009.Source: Central Intelligence Agency