Moroccan economy set to grow in 2001
Morocco’s economy will grow at a rate of 7.2 percent during 2001, with the agricultural GDP climbing at a rate of 30 percent and growth in GDP for non-agricultural sectors equaling 4.5 percent, reported Morocco's Board of Statistics.
The healthy growth projected for the current year comes in the wake of only 0.3 percent in 2000, which was caused mainly by a 16.7 percent fall in agricultural GDP, and a moderate 2.8 percent growth in non-agricultural GDP.
Exports and imports, excluding tourism, grew by 14.7 and 8.7 percent respectively during 2000. Industrial production increased by 3.5 percent in 2001, compared to 2.4 percent in 1999, reported Morocco's General Economic Policy Board (DPEG).
The Board attributed the increase to the food, textile and leather industries, whose production rose by 5.2 percent and 0.7 percent respectively. The DPEG predicted that industrial activity would rise by 4.6 percent in the first quarter of 2001, compared to 4.1 percent in the same period last year. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)