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Morocco Economy
GDP:
purchasing power parity - $128.3 billion (2003 est.)
GDP - real growth rate:
6% (2003 est.)
GDP - per capita:
purchasing power parity - $4,000 (2003 est.)
GDP - composition by sector:
agriculture: 22.9%
industry: 35.5%
services: 41.5% (2003 est.)
Investment (gross fixed):
21.7% of GDP (2003)
Population below poverty line:
19% (1999 est.)
Household income or consumption by percentage share:
lowest 10%: 2.6%
highest 10%: 30.9% (1998-99)
Distribution of family income - Gini index:
39.5 (1998-99)
Inflation rate (consumer prices):
1.2% (2003 est.)
Labor force:
10.84 million (2003)
Labor force - by occupation:
agriculture 40%, industry 15%, services 45% (2003 est.)
Unemployment rate:
19% (2003 est.)
Budget:
revenues: $13.8 billion
expenditures: $14 billion, including capital expenditures of $2.1 billion (2004 est.)
Public debt:
76.2% of GDP (2003)
Industries:
phosphate rock mining and processing, food processing, leather goods, textiles, construction, tourism
Industrial production growth rate:
NA
Electricity - production:
13.35 billion kWh (2001)
Electricity - production by source:
fossil fuel: 95.4%
hydro: 4.6%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
14.61 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
2.2 billion kWh (2001)
Oil - production:
400 bbl/day (2001 est.)
Oil - consumption:
167,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
900,000 bbl (1 January 2002)
Natural gas - production:
50 million cu m (2001 est.)
Natural gas - consumption:
50 million cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
665.4 million cu m (1 January 2002)
Agriculture - products:
barley, wheat, citrus, wine, vegetables, olives; livestock
Current account balance:
$963 million (2003)
Exports:
$8.466 billion f.o.b. (2003 est.)
Exports - commodities:
clothing, fish, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, fruits, vegetables
Exports - partners:
France 26.3%, Spain 16.6%, UK 7.1%, Germany 5.2%, Italy 4.9% (2003 est.)
Imports:
$12.75 billion f.o.b. (2003 est.)
Imports - commodities:
crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics
Imports - partners:
France 21.1%, Spain 13.6%, Italy 6.7%, Germany 6.7%, China 4.6%, Saudi Arabia 4.2% (2003 est.)
Reserves of foreign exchange & gold:
$14.08 billion (2003)
Debt - external:
$17.32 billion (2003 est.)
Economic aid - recipient:
$565.6 million (1995)
Currency:
Moroccan dirham (MAD)
Currency code:
MAD
Exchange rates:
Moroccan dirhams per US dollar - 9.5744 (2003), 11.0206 (2002), 11.303 (2001), 10.6256 (2000), 9.8044 (1999)
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