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Morocco

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In 788, about a century after the Arab conquest of North Africa, successive Moorish dynasties began to rule in Morocco. In the 16th century, the Sa'adi monarchy, particularly under Ahmad AL-MANSUR (1578-1603), repelled foreign invaders and inaugurated a golden age. In 1860, Spain occupied northern Morocco and ushered in a half century of trade rivalry among European powers that saw Morocco's sovereignty steadily erode; in 1912, the French imposed a protectorate over the country. A protracted independence struggle with France ended successfully in 1956. The internationalized city of Tangier and most Spanish possessions were turned over to the new country that same year. Morocco virtually annexed Western Sahara during the late 1970s, but final resolution on the status of the territory remains unresolved. Gradual political reforms in the 1990s resulted in the establishment of a bicameral legislature, which first met in 1997. The country has made improvements in human rights under King MOHAMMED VI and its press is moderately free, but the government occasionally takes action against journalists who report on three broad subjects considered to be taboo: the monarchy, Islam, and the status of Western Sahara. Despite the continuing reforms, ultimate authority remains in the hands of the monarch.[1]

Economical characteristics

  • Currency: Moroccan dirham (ISO code: MAD)
  • Central bank discount rate: 3.31% (31 December 2009)[1]
  • Commercial banks lending rate: 6.5% (31 December 2008 )[1]
  • Stock of money (M1): $69.25 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $18.98 billion (31 December 2008)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 5 917 6 102 6 187 6 824 7 925 10 251 11 508 14 211 18 599
Govt. debt (% of GDP)[3]
Govt. revenue (% of GDP)[4] 22.534 19.937 22.353 21.699 24.052 24.623 25.834 25.569 28.724 32.543
Govt. expenses (% of GDP)[5] 20.683 16.676 16.963 16.129 15.171 12.307 12.216 11.373 9.988 13.428
Debt to revenue (years)

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid <ref> tag; no text was provided for refs named CIA_MO
  2. ↑ World Bank. "Morocco: GDP", from World Bank Data. Referenced 2010-10-04.
  3. ↑ World Bank. "Morocco: government debt", from World Bank Data. Referenced 2010-10-04.
  4. ↑ World Bank. "Morocco: government revenue", from World Bank Data. Referenced 2010-10-04.
  5. ↑ World Bank. "Morocco: government expenses", from World Bank Data. Referenced 2010-10-04.

External links

Retrieved from "https://wiki.freecapitalists.org/index.php?title=Morocco&oldid=3815"