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Index / Economy /
   Morocco /
Economy
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Key figures
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GDP per capita
US$4,500.
World average: -57%.
MENA rank: 17 of 23.
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GDP
US$128 billion.
MENA rank: 9 of 23.
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 All other figures |
Corruption
3.3 points of 10 max.
World rank: 89 of 180.
MENA rank: 11 of 21.
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Investment friendly
World rank: 128 of 181.
MENA rank: 14 of 21.
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Economic freedom
57.7 points of 100 max.
World rank: 101 of 179.
MENA rank: 13 of 19.
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Value of Currency
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1997:
US$1=9.50 Dirhams
1998:
US$1=9.60 Dirhams
1999:
US$1=9.80 Dirhams
2000:
US$1=10.60 Dirhams
2001:
US$1=11.30 Dirhams
2002:
US$1=11.60 Dirhams
Sep. 2008:
US$1=7.89 Dirhams
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Moroccan citizens have in general low spending power, there is a substantial upper class, but the fastest growing group in the society is the middle class. In general, Morocco has low prices except from imported goods, cheap labour, an excellent infrastructure, while there is medium efficiency in bureaucracy.
Morocco's economy is fast growing, due to several factors. Foreign investments, as labour-intensive products here can be made far cheaper in any other place close to Western Europe. Morocco has a skilled labour force, and more and more people with high education, since Moroccan schools and universities are of good quality. Moroccans are highly skilled in languages, and most young Moroccans know 2 or 3 languages.
Moroccan economy is still weak in figures like GNP/capita, but the brutal differences between haves and have-nots make this figure very misleading. Many are very, very poor, but things are not getting worse for the poor, and indications are that the development will make their lives easier and better too.
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