Morocco is a developing country that has suffered under the yoke of corruption for many years. It is still burdened by economic and social challenges that exercise enormous stress on the country’s progress and development .
Morocco’s economic freedom score is 63.3, making its economy the 78th freest in the 2020 Index. Its overall score has increased by 0.4 point, reflecting an improved score for property rights.
The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities.
With a population of 35.2 million in 2018, Morocco continues to face the challenges of poverty . The report finds that 24% of the population, equating to nine million Moroccans , can be “ considered poor or at risk of poverty .”
Industry and mining contribute about one-third of the annual GDP. Morocco is the world’s third-largest producer of phosphates (after the United States and China), and the price fluctuations of phosphates on the international market greatly influence Morocco’s economy.
Morocco is an ideal backpacker’s destination. Not only is it the perfect destination for hikes, culture, and history lovers, it’s also very cheap to travel and live here. Morocco can be super cheap but if luxury travel is more your thing, the country also offers the most luxurious and lavish lifestyle money can afford.
It’s very uncommon and frowned on to show a lot of affection in public. Holding hands in Morocco is fine. A hug here or there, a stolen kiss all fine in most situations. The more rural you are the more frowned on public displays of affection are.
Although Muslims are forbidden to drink alcohol , Morocco is a moderate Islamic country and you are likely to feel free to drink in moderation in private or where alcohol is being served. In medinas alcohol cannot be purchased in shops, although many riads and hotels offer it.
Casablanca, Tangier , Marrakech among top 20 richest in Africa . In addition to Casablanca, Tangier and Marrakech ranked in 18th and 19th place among the top 20 richest cities in Africa , according to the report. The two Moroccan cities each have a total wealth of $11 billion.
Morocco produces enough food for domestic consumption except for grains, sugar, coffee and tea.
The king’s net worth has been estimated at between US$2.1 billion and over US$5 billion, and he is the richest king in Africa in 2014 according to the American business magazine Forbes. and he is the 5th richest king in the world.
Morocco Souvenirs Online Lanterns. Basket and Straw Bags. Argan Oil. Leather Pouffes. Moroccan Mint Tea. Berber Carpets. Thuya Wood Boxes. Moroccan Rose Water.
Poorest Regions in Morocco , Getting rich The poorest regions in 2004 experienced the largest decline in poverty , namely the Marrakech-Safi regions, from 34 percent to 11.3 percent, Tangier-Tétouan-Al Hoceima, from 30.3 percent to 9.5 percent and Béni Mellal-Khénifra, from 31 percent to 13.4 percent.
The king has declared that he will have only one wife , and he and his bride were married in an unprecedented public wedding.