Morocco

Morocco moved up 1 place to 59th, between Ukraine and Kuwait. US$ GDP rose 13.6% to US$182.4 billion, well ahead of real growth of +4.6%; the 9.0-percentage-point gap was mostly exchange-rate and price effects, not output.

Services account for 52.3% of output and industry 25.2%, with manufacturing at 14.9% and agriculture at 10.5%. Inflation was low at 0.7%, but unemployment stood at 9.0%. Government gross debt is 66.6% of GDP.

With 38.4 million people, output per person is US$4,672, 128th of 196, and $11,112 international dollars on a purchasing-power basis, 132nd. Morocco is the 10th largest of 22 economies in the Middle East, North Africa, Afghanistan & Pakistan, and is about the size of the Cleveland, OH metro area. GDP has grown 4.2x since 2000, when it stood at US$43.0 billion and ranked 56th. The IMF projects US$260.9 billion by 2030, a rise of +43% that would keep Morocco 59th.