Economy of Morocco

Imports

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

Import partnersSpain 13.1%, France 12.1%, China 6.9%, US 6.8%, Saudi Arabia 6.2%, Italy 5.1%, Russia 5%, Germany 4.9% (2012)

Exports

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

Export partnersFrance 21%, Spain 17.3%, Brazil 5.4%, India 4.9%, US 4.6% (2012)

Economy sectors

Agriculture productsbarley, wheat, citrus fruits, grapes, vegetables, olives; livestock; wine

Industrial productsphosphate rock mining and processing, food processing, leather goods, textiles, construction, energy, tourism

Economy

Unemployment9.50 % (2013)9.00 % (2012)8.90 % (2011)

GDP - Official Exchange Rate105 Billion $ (2013)94.8 Billion $ (2012)99.2 Billion $ (2011)

GDP growth rate5.10 % (2013)2.70 % (2012)4.90 % (2011)

GDP per Capita (PPP)5,500 $ (2013)5,200 $ (2012)5,200 $ (2011)

GDP - Purchasing Power Parity180 Billion $ (2013)169 Billion $ (2012)166 Billion $ (2011)

GDP - Purchasing Power Parity of Morocco

GDP PPP per land area403 Thousand $ per square kilometer (2013)378 Thousand $ per square kilometer (2012)372 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity6.62 Million kW

Banking

Central bank discount rate6.50 % (2010)3.31 % (2009)3.32 % (2008)

Commercial bank prime lending rate6.30 % (2013)6.30 % (2012)6.50 % (2011)

Commercial bank prime lending rate of Morocco

GDP decomposition by sector

Agriculture % of GDP15.1 % (2012)

Industry % of GDP31.7 % (2012)

Services % of GDP53.2 % (2012)

Tourism

International tourism, number of arrivals9.38 Million (2012)9.34 Million (2011)9.29 Million (2010)

International tourism, number of departures2.32 Million (2012)2.39 Million (2011)2.18 Million (2010)

International tourism, number of departures of Morocco

Yearly Tourist arrivals to residents ratio29.0 % (2012)29.2 % (2011)29.4 % (2010)

Yearly Tourist arrivals to residents ratio of Morocco

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)76.9 % of GDP (2013)71.2 % of GDP (2012)64.7 % of GDP (2011)

Public debt (Percentage of GDP) of Morocco

Budget surplus (+) or deficit (-)-8.40 % of GDP

Current Account Balance (Percentage of GDP)-9.97 % of GDP (2012)-8.06 % of GDP (2011)-4.32 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Morocco

External Debt Stocks (Percentage of GNI)36.0 % of GNI (2012)30.3 % of GNI (2011)29.8 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Morocco

Short-term debt (percentage of total external debt)12.3 % of total external debt (2012)10.4 % of total external debt (2011)6.84 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Morocco

Current Account Balance (Total)-9.60 Billion $ (2013)-9.84 Billion $ (2012)-8.34 Billion $ (2011)

Current Account Balance (Total) of Morocco

External Debt (Total)36.5 Billion $ (2013)32.2 Billion $ (2012)28.1 Billion $ (2011)

External Debt (Percentage of GDP)34.8 % of GDP (2013)33.9 % of GDP (2012)28.3 % of GDP (2011)

External Debt (Percentage of GDP) of Morocco

External Debt per Capita1,118 $ (2013)995 $ (2012)878 $ (2011)