Economía - descripción: Morocco faces the problems typical of developing countries - restraining government spending, reducing constraints on private activity and foreign trade, and achieving sustainable economic growth. Since the early 1980s the government has pursued an economic program toward these objectives with the support of the IMF, the World Bank, and the Paris Club of creditors. The dirham is now fully convertible for current account transactions; reforms of the financial sector have been implemented; and state enterprises are being privatized. Drought conditions depressed activity in the key agricultural sector, and contributed to an economic slowdown in 1999. Favorable rainfalls have led Morocco to predict a growth of 6% for 2000. Formidable long-term challenges include: servicing the external debt; preparing the economy for freer trade with the EU; and improving education and attracting foreign investment to improve living standards and job prospects for Morocco's youthful population.

Producto Bruto Interno (PBI): purchasing power parity - $108 billion (1999 est.)

PBI - Indice de Incremento real: 0% (1999 est.)

PBI - por capital: purchasing power parity - $3,600 (1999 est.)

PBI - Composición por Sector:
agriculture: 16%
industry: 30%
services: 54% (1998 est.)

Población bajo linea de pobertad: 13.1% (1990-91 est.)

Ingreso en casa o porcentage de consumción:
lowest 10%: 2.8%
highest 10%: 30.5% (1990-91)

Indice de Inflación (precios del consumidor): 1.9% (1999 est.)

Fuerza Laboral: 11 million (1997 est.)

Fuerza Laboral - por ocupación: agriculture 50%, services 35%, industry 15% (1999 est.)

Indice de desempleo: 19% (1998 est.)

Presupuesto:
revenues: $9.1 billion
expenditures: $10 billion, including capital expenditures of $1.7 billion (FY98/99 est.)

Industrias: phosphate rock mining and processing, food processing, leather goods, textiles, construction, tourism

Industrial production growth rate: 2% (1998 est.)

Electricidad - Producción: 13.16 billion kWh (1998)

Electricidad - producción por fuente:
fossil fuel: 83.59%
hydro: 16.41%
nuclear: 0%
other: 0% (1998)

Electricidad - consumción: 12.363 billion kWh (1998)

Electricidad - exportaciones: 0 kWh (1998)

Electricidad - importaciones: 124 million kWh (1998)

Agricultura - productos: barley, wheat, citrus, wine, vegetables, olives; livestock

Exportaciones: $7.1 billion (f.o.b., 1998)

Exporationes - comodidades: phosphates and fertilizers, food and beverages, minerals (1998)

Exportaciones - socios: France 27%, Spain 11%, India 7%, Japan 6%, Italy 5% (1998)

Importaciones: $9.5 billion (f.o.b., 1998)

Importaciones - comodidades: semiprocessed goods, machinery and equipment, food and beverages, consumer goods, fuel (1998)

Importaciones - socios: France 22%, Spain 10%, US 7%, Germany 6%, Italy 6% (1998)

Deuda - externa: $19.1 billion (1999 est.)

Ayuda economica - recipiente: $565.6 million (1995)

Moneda: 1 Moroccan dirham (DH) = 100 centimes

Indice de intercambio: Moroccan dirhams (DH) per US$1 - 10.051 (January 2000), 9.804 (1999), 9.604 (1998), 9.527 (1997), 8.716 (1996), 8.540 (1995)

Año Fiscal: July 1 - June 30