Morocco

moroccoCapital City: Rabat
Population (Millions): 32

ECONOMIC OVERVIEW

GDP Per Capita: US$ 4900
GDP per Sector:
Agriculture – 17.7 %
Industry – 31.6 %
Services – 51.4%
Currency: MAD
Ex.Rates: 8.36
Big Cities (>100,000): Rabat, Casablanca
Urban Population: 58
Languages: Arabic, French

Background:Officially known as the Kingdom of Morocco and situated on the northwestern corner of Africa; Morocco borders Algeria on the east and southeast, Mauritania to the south and to the west by the Atlantic Ocean.

Morocco can be divided into three regions; the fertile northern coastal plain along the Mediterranean containing mountains, rich plateaus and lowlands lying between the rocky Atlas Mountain and the semiarid area that merges into the Sahara Desert. Morocco has a total surface area of 710.850 square km and population of nearly 32 million.

Morocco has a relatively liberal economy governed by the laws of supply and demand. Some sectors have been privatized by the government since 1993 to enhance the country’s economic growth.

Morocco is characterized by low inflation and steady development in the services and industrial sectors.

Morocco’s financial sector has also undergone considerable improvements since 2003 due to economic policies pursued by King Mohammed VI. The King also launched the $2 billion National Initiative for Human Development (INDH) in 2005, which paved the way for an overhaul of the tourism and agriculture sectors and replacement of urban slums with decent housing.

National Franchise Association

Association De La Franchise Marocaine
Miss Btissam Omari
omari@fmf.ma