moroccan economy
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Created by : Created by : Mohamed Saâd EL HARRABMohamed Saâd EL HARRABMeryem BRIKMeryem BRIKSafae BENAISSASafae BENAISSAChaimaâ CHAKIKChaimaâ CHAKIKLamia BELOUARDYLamia BELOUARDY
MOROCCAN ECONOMYMOROCCAN ECONOMYSupervised by : Mrs. BENKIRANSupervised by : Mrs. BENKIRAN
Moroccan ECONOMYMoroccan ECONOMY
INTRODUCTION
WHAT IS ECONOMY
OVERVIEW OF MOROCCAN ECONOMY
MOROCCAN ECONOMY FIELDS
MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISIS
CONCLUSION
OUTLINE
Moroccan ECONOMYMoroccan ECONOMY
INTRODUCTION
Moroccan ECONOMYMoroccan ECONOMY
What is Economy ?
It consists of :
Labor Capital Land resources Manufacturing Production Trade Distribution Consumption of goods and
services
Activities related to the production and distribution of goods and services in a particular geographic region.
The correct and effective use of available resources.
Moroccan ECONOMYMoroccan ECONOMY
Overview of Moroccan Economy
Statistics :
5th African economy by GDP 2nd most competitive economy in North Africa behind Tunisia. “ African Competitiveness Report 2009 ” Morocco was ranked the 1st African country. “Economist Intelligence Unit ” GDP : $171 billion (2012) GDP by sector (2012) :
agriculture : 17.1% industry : 31.6% services : 51.4%
External export : $14.49 billion (2010)
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
MOROCCAN ECONOMY FIELDS
AGRICULTURE Land :
Achievement of self-sufficiency in food production. Production of two-thirds of the grains (wheat, barley,
and corn) needed for domestic consumption. Production of commercial crops (cotton, sugarcane,
sugar beets, and sunflowers). Exportation of citrus fruits and early vegetables to
the European market. Development of its irrigation potential (that
ultimately will irrigate more than 1 million hectares).
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
AGRICULTUREDrought :
Cereals constitute the essential of the agricultural value added.
Their production is very sensitive to rain falls.Cereal yields determine the economic growth in
general. Cannabis :
Moroccan ECONOMYMoroccan ECONOMY
Morocco is ranked among the world's largest producers and exporters of cannabis. Its cultivation and sale provide the economic base for much of northern Morocco. At about 1340 km² in Morocco's five northern provinces.
MOROCCAN ECONOMY FIELDS
AGRICULTURE
Fishing :
The Kingdom is considered the largest fish market in Africa.
Total catch of 1,084,638 MT in 2001.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
INDUSTRYManufacturing :
Production of light consumer goods (foodstuffs, beverages, textiles, and metal and leather products).
Heavy industry : petroleum refining, chemical fertilizers, automobile and tractor assembly, foundry work, asphalt, and cement.
Exportation of canned fish and fruit, wine, leather goods, and textiles
and handicrafts (carpets and brass, copper, silver, and wood implements).
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
INDUSTRYMining :
Including MAD 2.17 billion in exports.20% of energy consumption.Employment of 39,000 people with an estimated
MAD 571 million in salaries.Production of minerals and metals (phosphates,
silver , … ).
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
SERVICESTourism :
Major contributor to both the economic output and the current account balance.
Main job provider.8 million tourists in 2007.CAP 2009: a plan to better promote Morocco
globally as a tourism destination.Plan Azur : creating six coastal resorts for holiday-
home owners and tourists, upgrading regional airports to attract budget airlines, and building new train and road links.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
SERVICESInformation Technology :
The IT sector generated a turnover of Dh7 billion ($910,000m) in 2007.
The 2005 Plan Emergence resulted in the reaction of Casanearshore and Rabat Technopolis offshoring centers.
A low penetration rate (21%) presents a challenge for the development of e-commerce.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
SERVICESRetail :
It represents 12.8% of Morocco's GDP and 1.2m people.
Shoppers rely on the country's 1151 souks, markets and approximately 700,000 independent groceries and shops.
Increasing purchasing power and the growing number of tourists boost the development of malls and luxury shopping.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
SERVICES
Construction Sector : Increasing public investment in ports.Increasing housing development projects.Increasing roads.Creating many opportunities for public-private
partnerships.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
SCIENCE AND TECHNOLOGY
Science and technology in Morocco has significantly developed in recent years. The Moroccan government has been implementing reforms to encourage scientific research in the Kingdom.
However, the greatest gap at that point of time lied in the link between research and innovation.
Moroccan ECONOMYMoroccan ECONOMY
The University of Al-Karaouine is considered the oldest continuously operating academic degree-granting university in the world, by the Guinness Book of Records.
MOROCCAN ECONOMY FIELDS
COMMUNICATIONS
While the Moroccan telecoms market remains under-saturated, its three mobile operators have experienced robust growth in recent years, both at home and abroad.
The internet is available but expensive. The principal switching centers are Casablanca and Rabat.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
COMMUNICATIONS
Telecommunications sector
The telecoms sector increased in value from Dh25.6 billion ($3.3 billion) in 2006 to Dh33.3 billion ($4.2 billion) in the recent years.
the sector should employ 125,000 people and contribute 10% of GDP.
With the penetration rates of 69.4% from mobile phones and 8.95% for fixed lines, the Moroccan telecoms industry is set to continue to grow.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
COMMUNICATIONS
Telephone system
Morocco has a good system composed of open-wire lines, cables, and microwave radio relay links. The internet is available.
Moroccan ECONOMYMoroccan ECONOMY
Main lines in use : 2.394 million Mobile cellular : 23 million Internet users : 8.4 million
MOROCCAN ECONOMY FIELDS
INVESTMENT
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
EXTERNAL TRADE
Trade is the transfer of ownership of goods and services from one person or entity to another by getting something in exchange from the buyer.
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
Exportations
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
Importations
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY FIELDS
Moroccan Balance
Moroccan ECONOMYMoroccan ECONOMY
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISIS
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISISCAN ECONOMY FIELDS
Moroccan ECONOMYMoroccan ECONOMY
MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISISCAN ECONOMY FIELDS
Moroccan ECONOMYMoroccan ECONOMY
CONCLUSION
Moroccan ECONOMYMoroccan ECONOMY
BIBLIOGRAPHY
www.economywatch.comwww.economywatch.com
www.ec.europa.euwww.ec.europa.eu
www.globaledge.msu.eduwww.globaledge.msu.edu
Thanks For ListeningThanks For Listening
MOROCCAN ECONOMYMOROCCAN ECONOMY
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