Economic Indicators

Morocco’s GDP growth was 5.0 percent in 2009. Although the figures have not yet been certified, a slight lower growth is expected for 2010. The decreased growth rate from 2008 of 5.6% is mainly attributed to the international economic downturn which has slowed exports especially in the textile and automobile industries.

Inflation ( Consumer Prices )

Through a foreign exchange rate anchor and well-managed monetary policy, Morocco has held inflation rates to industrial country levels over the past decade. Inflation was 2% in 2007, but did spike to 3.9% in 2008 as a result of rising international commodity prices. In 2009 the figure is estimated to be no more than 2%.
The June 2009 the International Monetary Fund (IMF) study on Morocco concluded the following: “Moreover, inflation is low, the financial system is robust, and the fiscal situation is largely under control, while the mission noted the importance of continuing to ensure the medium-term sustainability of the public debt.

Trade Agreements

Free Trade Agreement with the US
Free Trade Agreement with EU
Trade agreement with Middle East countries
Free Trade Agreement with Turkey

Economic reform

Morocco has implemented several economic reforms since 1980 to bolster the country’s microeconomic balance and accelerate its integration into the world marketplace. The measures are boosting per capita income, lowering fiscal and current account deficits and are credited with subduing the country’s rate of inflation to less than 2 percent in 2009.
Reforms have modernized the stock market, eased the availability of credit, repealed the nationalization law (a measure that imposed rigid hiring practices and other restraints on foreign-held businesses), revised laws that regulate corporations, relaxed foreign trade and exchange systems, protected intellectual property rights, established commercial law courts, and opened all economic sectors to foreign investment.

Major International treaties

Morocco is a signatory to international agreements on the non-proliferation of biological weapons, chemical weapons, and nuclear weapons as well as various other international agreements on civil aviation, customs cooperation, human rights, and intellectual property. Notable agreements on the environment include the following: biodiversity, climate change (including the Kyoto Protocol), desertification, endangered species, hazardous wastes, marine dumping, ozone layer protection, ship pollution, wetlands and whaling