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.
Moroccan agricultural production also consists of orange, tomatoes, potatoes, olives, and olive oil. High quality agricultural products are usually exported to Europe. Morocco produces enough food for domestic consumption except for grains, sugar, coffee and tea.
Geographical divides play a major role in Morocco’s poverty; of the 4 million people living in poverty in Morocco , 3 million reside in rural areas. Nearly 19 percent of Morocco’s population lives on less than $4 a day. Three factors impede Morocco’s development: illiteracy, financial inequality and economic volatility.
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.
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 is a country with a big wealth gap. Haggling and negotiating over the price is an integral part of the Moroccan market experience. However, Morocco is still relatively cheap for many things and can be considered a budget destination if you bear these points in mind.
Today Gold Price in Morocco = 525.04 MAD per Gram. 10 Grams Gold Rate = 5,250.44 MAD.
The Best Facts about Morocco Morocco in Arabic is Al Maghreb which means the place where the sun sets. It borders two seas. It is only 8 miles from Europe. There are no camels in Morocco only dromedaries. Berbers make up around 40% of the population . The best rapper in the country is called Muslim. Morocco is a Muslim country.
The world’s largest desert that covers 10 countries, Morocco is great for visiting these magnificent sand dunes and spending the night under the stars in a traditional Berber camp. 3. Great spicy/tasty cuisine: Moroccans are famous for their delicious and spicy cuisine.
In truth, Morocco is a safe place to visit. You’re unlikely to ever be in any real physical danger in Morocco , but the petty crime and harassment require you to stay on guard — more so than other countries. However, if you follow a few rules, you can leave Morocco unscathed and without incidence.
Out of the 23.6 million adults in Morocco , 75.5% have a net worth of less than $10,000 (around MAD 90,000). Around 23.6% are worth between $10,000 and $100,000, and 1.3% have a net worth ranging between $100,000 and $1,000,000. Finally, only 0.1% of Moroccan adults are worth more than a million dollars.
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.