Morocco+Economics


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= Economics in Morocco =

The currency in Morocco is called a **Dirham (MAD).**
 * 1 US Dollar = 8.45100 Moroccan Dirham
 * 1 Moroccan Dirham (MAD) = 0.11833 US Dollar (USD)

**Gross National Product USD:** $27,645,000,000 (1993). **Gross Domestic Product USD:** $4,600 per capita **Public Debt USD:** 56.9% of GDP (Gross Domestic Product)

**Unemployment Rate:** 9.1% (2009 est.)

**Population Below Poverty:** 15% (2007 est.)

**Lowest 10%:** 2.7% **Highest 10%:** 33.2% (2007)
 * Average Household Income or Consumption by Percentage Share: **

**Agriculture-Products:** barley, wheat, citrus fruits, grapes, vegetables, olives, livestock, and wine.

**Industries:** phosphate rock mining and processing, food processing, leather goods, textiles, construction, energy, and tourism.

**Exports:** $13.92 Billion (2009 est.)

**Imports:** $30.55 Billion (2009 est.)


 * The economic policies of Morocco have stabilized the economy but more needs to be done in the future to address other concerns. An example of this would be closing the gap between the rich and the poor and increasing the education of the youth. Jobs need to be created in the future so as the population ages they will be able to raise their family and increase their standard of living.

// Information on this page was adapted from CIA- The World Factbook at [] //

