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Economic policies pursued since 2003 by King Mohammed VI have brought macroeconomic stability to the country with generally low inflation, improved financial sector performance, and steady progress in developing the services and industrial sectors. The National Initiative for Human Development (INDH), a $2 billion initiative launched by the King in 2005, has improved social welfare through a successful rural electrification program, an overhaul of the tourism and agriculture sectors, and the gradual replacement of urban slums with decent housing. Despite the INDH's success, Morocco continues to grapple with a hig...  More..

Economy of Morocco
SOURCE: CIA - The World Factbook
Currency Moroccan Dirham
GDP (PPP) $146.7 billion (2009 est.)
GDP (per capita) $4,600 (2009 est.)
Exports $15.61 billion (2009 est.)
Imports $31.83 billion (2009 est.)
Main Industries Phosphate Rock Mining and Processing, Food Processing, Leather Goods, Textiles, Construction, Energy, Tourism
Exports - Commodities Clothing and Textiles, Electric Components, Inorganic Chemicals, Transistors, Crude Minerals, Fertilizers (Including Phosphates), Petroleum Products, Citrus Fruits, Vegetables, Fish
Imports - Commodities Crude Petroleum, Textile Fabric, Telecommunications Equipment, Wheat, Gas and Electricity, Transistors, Plastics
Exports Partners Spain 19%, France 17.4%, Brazil 7%, US 4.5%, Belgium 4.4%, Italy 4.2% (2008)
Imports Partners France 16.2%, Spain 13.6%, Italy 6.5%, China 6.1%, Germany 5.7%, Saudi Arabia 5.4%, Moldova 5% (2008)

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