Names: conventional long form: Kingdom of Morocco conventional short form: Morocco local long form: Al Mamlakah al Maghribiyah local short form: Al Maghrib
Capital City: Rabat
Population: 33,241,259 (July 2006 est.)
GDP Per Capita: $4,400 (2006 est.)
Currency: Moroccan dirham (MAD)
Languages: Arabic (official), Berber dialects, French often the language of business, government, and diplomacy
Total Area: total: 446,550 sq km land: 446,300 sq km water: 250 sq km slightly larger than California
Region: Africa
Industries: phosphate rock mining and processing, food processing, leather goods, textiles, construction, tourism
Agriculture: barley, wheat, citrus, wine, vegetables, olives; livestock
Resources: phosphates, iron ore, manganese, lead, zinc, fish, salt
Labor Force:
11.25 million (2006 est.)
agriculture: 40% industry: 15% services: 45% (2003 est.)
Exports:
$11.72 billion f.o.b. (2006 est.)
clothing, fish, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, fruits, vegetables
Imports:
$21.22 billion f.o.b. (2006 est.)
crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics
Overview:
Moroccan economic policies brought macroeconomic stability to the country in the early 1990s but have not spurred growth sufficient to reduce unemployment that nears 20% in urban areas. Poverty has increased due to the volatile nature of GDP, Morocco's continued dependence on foreign energy, and its inability to promote the growth of small and medium size enterprises. However, GDP growth rebounded to 6.7% in 2006 due to high rainfall, which resulted in a strong second harvest. Despite structural adjustment programs supported by the IMF, the World Bank, and the Paris Club, the dirham is only fully convertible for current account transactions and Morocco's financial sector is rudimentary. Moroccan authorities understand that reducing poverty and providing jobs is key to domestic security and development. In 2004, Moroccan authorities instituted measures to boost foreign direct investment and trade by signing a free trade agreement with the US, which entered into force in January 2006, and sold government shares in the state telecommunications company and in the largest state-owned bank. Long-term challenges include preparing the economy for freer trade with the US and European Union, improving education and job prospects for Morocco's youth, and raising living standards, which the government hopes to achieve by increasing tourist arrivals and boosting competitiveness in textiles.
In 2007 Missouri exported $12,811,630 in goods to Morocco. This ranks Morocco 66th among the 223 international buyers of Missouri goods. Missouri exports to Morocco decreased from the previous year by $8,595,314 a change of -40.15%. State exports to Morocco have increased over the last 5 years by $10,802,952 a change of 537.81%. Missouri exports account for .10%. of all 2007 US exports to Morocco.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 2,008,678 | 1,709,806 | 4,032,817 | 3,617,920 | 21,406,944 | 12,811,630 | |
| 000 - Total All Industries US | 565,508,796 | 465,123,989 | 523,525,760 | 527,545,876 | 875,551,576 | 1,343,010,748 | |