Key Figures

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Key figures:

GDP (official exchange rate):

$103.6 billion (2016)

GDP - real growth rate:

1.2% (2016)

4.6% (2015)

2.7% (2014)

Doing business rank (2018)

69 among 190 countries

GDP - composition, by sector of origin (2016) :

Agriculture: 13.6%

Industry: 29.5%

Services: 56.8%

Agriculture - products:

Barley, wheat, citrus fruits, grapes, vegetables, olives; livestock.

Industries:

Automotive parts, phosphate mining and processing, aerospace, food processing, leather goods, textiles, construction, energy, tourism

Industrial production growth rate:

1.2% (2016)

Labor force:

11.75 million (2016)

Labor force - by occupation:

Agriculture: 39.1%

Industry: 20.3%

Services: 40.5% (2014 est.)

Inflation rate (consumer prices):

1.6% (2016)

1.6% (2015)

Exports:

$18.88 billion (2016 est.)

$18.62 billion (2015 est.)

Exports - commodities:

Clothing and textiles, automobiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish

Exports - partners:

Spain 23.4%, France 21.1%, Italy 4.6% (2016)

Imports :

$36.59 billion (2016 est.)

$33.31 billion (2015 est.)

Imports - commodities:

Crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics

Imports - partners:

Spain 15.7%, France 13.2%, China 9.1%, USA 6.4%, Germany 5.9%, Italy 5.4%, Turkey 4.4% (2016)

Exchange rates:

Moroccan dirhams (MAD) per US dollar*

9.6912 (2017 est.)

9.7787 (2016 est.)

9.7787 (2015 est.)

9.7351 (2014 est.).

The Ministry of Economy and Finance has decided to adopt, from Monday, January 15, 2018the dirham liberalization reform, it means to switch from a fixed exchange rate to a flexible one, where the parity of the Moroccan dirham is determined within a fluctuation band of ± 2.5%.