Rank of Morocco from the poorest is 76th and from the richest is 128th with gdp per capita measured in atlas method on 2003 is 1,320 $. In other measurements IMF,WB,and CIA measured on 2007,2007, and 2008 respecively
IMF.........................................................WB.........................................................CIA
rank/measure........................................rank/measure..........................................rank/measure
108/2,422............................................101/2,374...........................................112/2,171.
Morocco has capitalized on its proximity to Europe and relatively low labor costs to build a diverse, open, market-oriented economy. In the 1980s Morocco was a heavily indebted countries before pursuing austerity measures and pro-market reforms, overseen by the IMF. Since taking the throne in 1999, King MOHAMMED VI has presided over a stable economy marked by steady growth, low inflation, and gradually falling unemployment, although a poor harvest and economic difficulties in Europe contributed to an economic slowdown in 2012. Industrial development strategies and infrastructure improvements - most visibly illustrated by a new port and free trade zone near Tangier - are improving Morocco's competitiveness. Key sectors of the economy include agriculture, tourism, phosphates, textiles, apparel, and subcomponents. To boost exports, Morocco entered into a bilateral Free Trade Agreement with the United States in 2006 and an Advanced Status agreement with the European Union in 2008. Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. In 2011 and 2012, high prices on fuel - which is subsidized and almost entirely imported - strained the government's budget and widened the country's current account deficit. Key economic challenges for Morocco include fighting corruption and reforming the the education system, the judiciary, and the government's costly subsidy program.
GDP (purchasing power parity)
$171 billion (2012 est.)$166.2 billion (2011 est.)
$158.5 billion (2010 est.)
note: data are in 2012 US dollars
GDP (official exchange rate)
$97.17 billion (2012 est.)GDP - real growth rate
2.9% (2012 est.)4.9% (2011 est.)
3.7% (2010 est.)
GDP - per capita (PPP)
$5,300 (2012 est.)$5,200 (2011 est.)
$5,000 (2010 est.)
note: data are in 2012 US dollars
GDP - composition by sector
agriculture: 14.7%industry: 32.8%
services: 52.6% (2012 est.)
Population below poverty line
15% (2007 est.)Labor force
11.78 million (2012 est.)Labor force - by occupation
agriculture: 44.6%industry: 19.8%
services: 35.5% (2006 est.).
