moroccan economy

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


INTRODUCTION


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.


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)


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).



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 :


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.


AGRICULTURE

Fishing :

The Kingdom is considered the largest fish market in Africa.

Total catch of 1,084,638 MT in 2001.



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).



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 , … ).



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.



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.



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.



SERVICES

Construction Sector : Increasing public investment in ports.Increasing housing development projects.Increasing roads.Creating many opportunities for public-private

partnerships.



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.


The University of Al-Karaouine is considered the oldest continuously operating academic degree-granting university in the world, by the Guinness Book of Records.


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.



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.



COMMUNICATIONS

Telephone system

Morocco has a good system composed of open-wire lines, cables, and microwave radio relay links. The internet is available.


Main lines in use : 2.394 million Mobile cellular : 23 million Internet users : 8.4 million


INVESTMENT



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.



Exportations



Importations



Moroccan Balance



MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISIS


MOROCCAN ECONOMY IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC CRISISCAN ECONOMY FIELDS


CONCLUSION


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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