Morocco

Morocco

Morocco has signed Free Trade Agreements with the European Union (to take effect 2010) and the United States of America. The United States Senate approved by a vote of 85 to 13, on July 22, 2004, the US-Morocco Free Trade Agreement, which will allow for 98% of the two-way trade of consumer and industrial products to be without tariffs. The agreement entered into force in January 2006.

 

Morocco's largest industry is the mining of phosphates. Its second largest source of income is from nationals living abroad who transfer money to relatives living in Morocco. The country's third largest source of revenue is tourism.

 

Total GDP: $136.6 billion (2008 est.)

 

GDP Growth Rate: 5.4% (2008 est.)

 

GDP Per Capita: $4,000 (2008 est.)

 

Population: 34,859,364 (July 2009 est.)

 

Population Growth Rate: 1.479% (2009 est.)

 

Fertility Rate: 2.51 children born/woman (2009 est.)

 

Age Structure:

0-14 years: 30% (male 5,333,396/female 5,131,886)

15-64 years: 64.7% (male 11,261,139/female 11,305,792)

65 years and over: 5.2% (male 781,089/female 1,046,062)

(2009 est.)

 

Source: CIA World Factbook