[1], Morocco possesses 75 percent of the world's phosphate reserves. It is the world's first exporter (28% of the global market) and third producer (20% of global production). In 2007 the country had about 200 call centres, including 30 of significant size, that employ a total of over 18,000 people.[61]. A number of Arab countries, mainly from the Persian Gulf region are involved in large-scale projects in Morocco, including the giant Tanger Med port on the Mediterranean. Despite these challenges, Morocco is working to conserve and protect its environment and its efforts were recognised when its Mohammed VI Foundation for Environment won the environmental prize National Energy Globe Award in Brussels in 2007. Growth in 2006 went above 9%, this was achieved by a booming real estate market. During that time the Moroccan government committed significant resources – by way of loans and tax exemptions – to the development of the tourist industry and associated services. Agriculture production is extremely susceptible to rainfall levels and ranges from 13% to 20% of GDP. In addition, reforms to the higher educational system and business law are also planified in the new program-contract signed in 2009 between the government, the banking sector and some zone-development companies. [26], This is a chart of trend of gross domestic product of Morocco at market prices estimated by the International Monetary Fund with figures in millions of Moroccan dirhams.[27]. In the European market, the share of Chinese products was 37.7% in 2007. [32] The majority of FDI continues to derive from the EU, specifically France. Net investment under the five-year plan for 1960–64 was about $1.3 billion. In this regard, it has been deemed an important decision of the Moroccan government to accelerate training in the required disciplines. You can use programming to automatically generate data into the svg file. This activity represents 0.57% of Morocco's GDP. The service started as a test in November 2002 before it was launched in October 2003. The 186-kilometre-long (116 mi) Tangier–Kenitra line has a top speed of 320 kilometres per hour (200 mph), while the 137-kilometre-long (85 mi) Kenitra–Casablanca line was rated for 160 kilometres per hour (99 mph) when service began, with a planned upgrade to 220 kilometres per hour (140 mph). In addition to the rise in sales of photovoltaic panels, the business of wind turbines is also surging despite soaring prices on international markets because of the growing demand. This nearly quadrupled the number of internal telephone lines and greatly improved international communications. Current GDP per capita grew 47% in the Sixties reaching a peak growth of 274% in the Seventies. Although Morocco runs a structural trade deficit, this is typically offset by substantial services earnings from tourism and large remittance inflows from the diaspora, and the country normally runs a small current-account surplus.[39]. The plan called for significant expansion of irrigated land, for increased public works projects such as hospitals and schools, and for economic decentralization and regional development through the construction of 25 new industrial parks outside the crowded Casablanca-Kénitra coastal area. Morocco also has the largest port in Africa and the Mediterranean called Tanger-Med, which is ranked the 18th in the world with a handling capacity of over 9 million containers. The first seeks to create 1.5m jobs in the agriculture sector, and add around €7.65 billion to GDP through €10.8 billion of investments by 2020, while the latter will establish new industrial zones and boost training to increase efficiency. [29], Through a foreign exchange rater anchor and well-managed monetary policy, Morocco held inflation rates to industrial country levels over the past decade. Morocco announced plans to sell two fixed licenses in 2002. Growth will be well below the 8–10% levels that are widely regarded as necessary to have a major impact on poverty and unemployment. Also a (passenger) rail connection between Tangier and Tangier MED, the port on the Mediterranean near Tangier, will give passengers arriving by ferry a connection to the main lines. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the Eighties and 8.9% in the Nineties. Rail transport in Morocco is operated by the national railway operator ONCF. Textiles form a major industry in Morocco. Morocco has become an attractive destination for European investors thanks to its relocation sites "Casashore" and "Rabatshore", and to the very rapid cost escalation in Eastern Europe. Free World SVG Map | Resources. Current external debt stands at about $16.6 billion. As of 2019, the rolling stock operating on the line consists of 12 Alstom Euroduplex trainsets, with each set comprising two power cars and eight bilevel passenger cars. Morocco's low social indicators and large infrastructure needs could justify an increase in social spending and public investment. Morocco sends a significant amount of its exports to the European Union. [13] A freight-line from the Renault factory at Tangier MED is already operational[14] The Marrakech to Agadir railway is also planned to be completed by 2025,[15] becoming the first rail line to reach the southern Souss-Massa region. The objective is to become an emerging industrial country of the likes of Vietnam by 2015. Sales of fish and seafood are important as well. This gives Morocco the best infrastructure rankings in the African continent. At the launch of service in 2018, the travel time between Casablanca and Tangier was reduced from 4 hours and 45 minutes to 2 hours and 10 minutes. This agreement, which lies within the scope of the Barcelona Process (euro-Mediterranean partnership) started in 1995 and envisages the progressive implementation of a free trade area planned for 2012. [84] The project will involve five solar power generation sites across Morocco and will produce 2,000 megawatts of electricity by 2020. In the short term, national consumption per capita is expected to rise from the current level of 0.4 tonnes of oil equivalent (toe) to as much as 0.90 toe in 2030, a good indication of development, but a massive challenge as well. Major destinations currently not linked by rail are usually served by Supratours, a bus company operated by the ONCF.[7]. In 1987–97, science and engineering students accounted for 41% of college and university enrollments. [51], The telecoms sector increased in value from Dh25.6 billion ($3.3 billion) in 2006 to Dh33.3 billion ($4.2 billion) in 2007. Morocco has become a major player in African economic affairs, and is the 5th largest African economy by GDP (PPP). This represented 10% of the total area and 23% of the arable lands of the surveyed territory and 1% of Morocco's total arable land. Yet over 90% of subscribers have a broadband ADSL connection, which is one of the highest ratios in the world. The first of its kind on the African continent, the line was inaugurated on 15 November 2018, by King Mohammed VI of Morocco following over a decade of planning and construction. [44], Morocco is a party to the 1988 UN Drug Convention and in 1992 Morocco passed legislation designed to implement it and its new national strategy against drugs formulated by its National Committee on Narcotics was adopted in 2005. Create a stunning interactive maps with simple-to-use user interface. Morocco is a participant in Medarabtel and a fiber-optic cable links from Agadir to Algeria and Tunisia. Since then the emphasis has shifted to privatizing state operations and attracting new private investment, including foreign sources. Morocco has developed an ambitious strategy, dubbed "Vision 2010", aimed at attracting 10 million tourists by 2010. In November 2009 Morocco announced a solar energy project worth $9 billion which officials said will account for 38 percent of the North African country's installed power generation by 2020. Large industrial projects included phosphoric acid plants, sugar refineries, mines to exploit cobalt, coal, silver, lead, and copper deposits, and oil-shale development.[29]. A 2006 government report suggested that the country needed a net increase of 400,000 jobs annually for the next two decades in order to provide enough employment for its people, given the underlying demographic dynamic. Second class compartments have two couches opposite each other, each couch offering 4 places. The overall fiscal deficit shrank by more than 4 percentage points of GDP during the last four years,[41] bringing the budget close to balance in 2007. The danger of drought is ever present and still dramatically affects the Moroccan economy, even though Moroccan decisionmakers have recently[when?] At the same time, the relatively high level of public debt remains a constraining factor, particularly as heightened attractiveness to investors is a key component of Morocco's strategy of deepening its integration in the global economy. The diversification of the Economy includes a multi-disciplinary approach to the development of non-agricultural sector, including the creation of special sectorial zones in industry, tourism and services outsourcing. The principal switching centers are Casablanca and Rabat. [39], Agriculture employs about 40% of Morocco's workforce. This train only offers reserved sleeping compartments, compared to other normal services. ; As of August 2020 60–70% of the Libyan population lives in areas controlled by the GNA. The most important long-distance train services are: The ONCF operates special night-trains on the long-distance main-line links. It is expected to create more than 40,000 jobs and stimulate over €4.5 billion in investment by 2020. The objective was to attain an annual 5% growth rate in GDP; the real growth rate actually exceeded 6%. Many operations date to the colonial period. Fiscal prudence has allowed for consolidation, with both the budget deficit and debt falling as a percentage of GDP. On this route the standard 6 or 8 person compartments are available as well as the 4 person couchette-compartments. The area east of the Moroccan defensive wall is mainly uninhabited also its an extremely desertic area which makes it difficult to live in, also the area faces threats from POLISARIO mercenaries front supported by Algeria and located in Tindouf (city inside the Algerian territories ). Industrial activity recorded a 5.5% increase in 2007, a slight rise over 2006, when the sector grew by 4.7%. With a semi-arid climate, it is difficult to assure good rainfall and Morocco's GDP varies depending on the weather. [72] In a normal year, Morocco produces two-thirds of the grains (chiefly wheat, barley, and corn [maize]) needed for domestic consumption. Added value in the sector increased by 5.6% in 2007. [3] The completion of dedicated high-speed trackage into Casablanca would further reduce the end-to-end travel time to 1 hour and 30 minutes. Macroeconomic stability coupled with relatively slow economic growth characterized the Moroccan economy over the period 2000–2005. Like other regions, Fez has its Centre Regional du Tourisme (CRT), a local tourism body which coordinates the local industry and the authorities. [53] Recalling that Morocco's textile and clothing exports totaled some $3.7 billion in 2007, Saad Benabdallah ascribed this performance to the many assets that Morocco enjoys, namely, geographical proximity, flexibility, sourcing skills and the multiple opportunities offered by Free Trade Agreements with the European Union, United States and Turkey. The most promising reforms have been in the liberalization of the telecommunications sector. The creation of a free economic zone increased the economic output of the city significantly. [66] Moroccan officials have heralded a significant increase in the amount of money Moroccan expatriates are sending home. Several million visitors enter Morocco yearly, most of them from Europe. Moroccan economic policies brought macroeconomic stability to the country in the early 1990s but did not spur growth sufficient to reduce unemployment despite Moroccan Government's ongoing efforts to diversify the economy. The approach also include a better sustaining of small-business development and prospection of external markets. In 2008 8 million tourists have visited the kingdom. In 2001, the process continued with the privatization of 35% of the state operator Maroc Telecom. In 1995, Morocco's worst drought in 30 years forced Morocco to import grain and adversely affected the economy. [74] Although other studies have shown much higher figures. For other quizzes, I automated the process. The franchising segment will continue to grow, and while strong local brands are emerging, international brand names will continue to account for the biggest percentage increase in the sector's turnover. Morocco has two major "traditional" car manufacturers: Renault and PSA. In a report issued in July 2008, the IMF noted that Morocco's financial sector is sound and resilient to shocks, and that the remarkable fiscal consolidation efforts of recent years have allowed the Moroccan economy to absorb the impact of difficult international economic conditions and increasing global prices for essential commodities such as petroleum and energy. [25], Morocco is a fairly stable economy with continuous growth over the past half-century. Total assets of the banking sector increased by 21.6% to MAD 654.7 billion ($85.1 billion), which is above the previous year's high annual growth rate of 18.1%. That same year, the International Narcotics Control Board commended the Government of Morocco for its efforts to eradicate cannabis plant cultivation on its territory, which has resulted in the total potential production of cannabis resin in the Rif region decreasing by 10 per cent over the previous year. [51], In 2009 Morocco was ranked among the top thirty countries[56][57][58][59] in the offshoring sector. Morocco's unemployment rate, long a cause for concern, has been dropping steadily in 2008, on the back of job growth in services and construction. With money sent home by Moroccan migrants reaching $5.7 billion in 2007, Morocco came in second, behind Egypt, on the recent World Bank list of the top 10 MENA remittance recipient countries. Welcome to our SVG map directory! Organised retail, however, represents only a fraction of domestic trade, as shoppers rely on the country's 1151 souks, markets and approximately 700,000 independent groceries and shops. The government wishes to increase 3 exports from $1.27 billion in 2001 to $3.29 billion in 2010. [69], In recent years,[when?] The Moroccan government's Five-Year Plan for 2000–2004 articulated the priority lines for research. Its main exports to Spain include electronics, clothes, and seafood. Tax revenues provide the largest part of the general budget. In first-class cars each compartment offers 2 × 3 places and foldable arm-rests divides the places. Morocco may be affected, by the slowdown of international economy, stirred by the global financial crisis, and whose maximum impact on national economy could decrease the GDP growth rate by at least one point in 2009, according to the Bank Al-Maghrib[33]. an extension of the line to Marrakesh is already being planned. Trains on this section normally run to and from Bin Anşār or Nador Port. Hover over or tap a circle or cross to highlight it and show its details. * Aust-Agder, admin2 (2019) Demo SVG GeoJSON Javascript * Buskerud, admin2 (2019) Demo SVG GeoJSON Javascript * Finnmark, admin2 (2019) Demo SVG GeoJSON Javascript [30] Drought conditions depressed activity in the key agricultural sector, and contributed to an economic slowdown in 1999. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. Satellite dishes are found on the roofs of houses in even the poorest neighbourhoods, suggesting that Moroccans at every social and economic level have access to the global telecommunications network. Countries from all over the world. The five-year plan for 1973–77 envisaged a real economic growth of 7.5% annually. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s. To boost investment in these activities, Morocco intends to encourage Moroccan capital and joint ventures. 19.3% of the investments came from Arab countries, whose share in Morocco's FDI showed a marked rise, as they only represented 9.9% of the entire FDIs in 2006. The following routes offer night-trains: These long-distance trains operate with non-motorized passenger cars that have individual compartments. The potential for expansion is huge, and while telecoms should remain the largest advertising segment, fast-growing sectors of the economy such as retail, automobile and real estate are providing advertising companies with new opportunities. Fitch Ratings affirmed Morocco's long-term local and foreign issuer default ratings of "BBB-" and "BBB", respectively, with a stable outlook. The North–South and East–West links interconnect at Sidi-Kacem. The input of renewable energy is a matter of particular importance.[51]. In 1996 the state-owned telecommunications industry was opened up to privatization by a new law that allowed private investment in the retail sector, while the state retained control of fixed assets. The high cost of imports, especially of petroleum imports, is a major problem. The manufacturing sector produces light consumer goods, especially foodstuffs, beverages, textiles, matches, and metal and leather products. Following the example of Renault, they could take advantage of the skilled work pool that has been created and a network of more than 200 automotive suppliers. Overall illiteracy rates and gender disparity in access to secondary education remain high and the country continues to suffer poor outcomes on infant and maternal mortality. Among the various free trade agreements that Morocco has ratified with its principal economic partners, are The Euro-Mediterranean free trade area agreement with the European Union with the objective of integrating the European Free Trade Association at the horizons of 2012; the Agadir Agreement, signed with Egypt, Jordan, and Tunisia, within the framework of the installation of the Greater Arab Free Trade Area; the US-Morocco Free Trade Agreement with United States which came into force on 1 January 2006, and lately[when?] On the Atlantic coast, where there are extensive plains, olives, citrus fruits, and wine grapes are grown, largely with water supplied by artesian wells.
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