Morocco’s Growth Predicted to Hit 7.2% in 2001
Morocco's Board of Statistics has forecast the country's economic growth in 2001 at 7.2 percent, based on a 30 percent growth in agricultural GDP and 4.5 percent growth in non-agricultural GDP, said Panafrican News Agency (PANA) Sunday.
This growth, it said, would follow virtual stagnation in 2000 (0.3 percent) due to a fall in agricultural GDP (-16.7 percent) and moderate growth in non-agricultural GDP (+2.8 percent).
According to PANA, the year 2000 saw some dynamism in the catering, construction, transport and communication sectors, while other sectors, in particular mining and energy, suffered losses of two and one percent, respectively.
GDP rose by 1.9 percent, the Board said, adding that a study of demand for the year 2000 showed a three percent growth in local consumption - households 3.2 percent, and public services 2.3 percent.
Exports and imports, excluding tourism, grew by 14.7 and 8.7 percent, respectively – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)