Economy of Morocco

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Gross Domestic Product 2012

GDP (purchasing power parity): $171 billion

GDP real growth rate: 2.9%

GDP per capita (PPP): $5,300

GDP composition by sector 2012

Agriculture:   44.6%

Industry:        19.8%

Services:         35.5%

Inflation:         1.4%

Currency:      Moroccan dirhams (MAD)

Business Languages

The commercial languages include the following;

Arabic

Berber

Tachelhit

Transport

The key means of transport in Morocco include; roads which cover 57625 kilometres, air transport with over 11 air ports and main international entry point is the Mohammed V International Airport, railway transport and water transport that is merchant marine

Energy

Energy sources in Nigeria include; biomass mostly in the traditional form of fuel, wood or charcoal for heating and cooking purposes, wind energy, solar energy and electricity of over 24,363 GWh

Challenges in Morocco

  • Poor infrastructure in the country
  • Soil erosion resulting from farming of marginal areas
  • Political issues
  • Inadequate health care facilities

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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