Morocco - Income

The US Central Intelligence Agency (CIA) reports that in 2001 Morocco's gross domestic product (GDP) was estimated at $112 billion. The per capita GDP was estimated at $3,700. The annual growth rate of GDP was estimated at 5%. The average inflation rate in 2001 was 1%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 15% of GDP, industry 33%, and services 52%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $2.161 billion or about $72 per capita and accounted for approximately 6.6% of GDP. Worker remittances in 2001 totaled $3.261 billion. Foreign aid receipts amounted to about $18 per capita and accounted for approximately 2% of the gross national income (GNI).

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $951. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 2%. Approximately 33% of household consumption was spent on food, 16% on fuel, 5% on health care, and 15% on education. The richest 10% of the population accounted for approximately 30.9% of household consumption and the poorest 10% approximately 2.6%. It was estimated that in 1999 about 19% of the population had incomes below the poverty line.

Also read article about Morocco from Wikipedia

User Contributions:

Report this comment as inappropriate
Jun 22, 2011 @ 9:09 am
They make alot of money, what is the minimum wage there, what kind of jobs can you get there?
Report this comment as inappropriate
Feb 27, 2014 @ 1:13 pm
What is the average income brought into people's households yearly in Morocco?

Comment about this article, ask questions, or add new information about this topic: