Based on Macroeconomic forecasts developed by the African Development Bank (BAD), Morocco’s GDP will reach USD 121.4 billion by the end of 2017, recording an annual growth of 4.5%. Moroccan GDP almost tripled compared to 1999 (when it reached 43 billion dollars) and almost doubled compared to 2006 (65 billion). Morocco is currently the sixth largest economy in the African continent, preceded by Nigeria (581.5 billion dollars), South Africa (276.1), Egypt (263.7), Algeria (170.3) and Sudan (123, 9). It should be noted that, with the exception of South Africa, these countries derive much of their revenues from hydrocarbon exports. African Development Bank’s forecasts for Morocco’s 2018 growth indicate a slowdown in the positive dynamics (+ 3.9%). According to BAD experts, Morocco will still have better economic performance than the world average (+ 3.5% in 2017 and + 3.6% in 2018), African (+ 3% in 2017 and + 3.7% in 2018 ) and maghreb (+ 3.1% in 2017 and + 3.6% in 2018).

(ITALPRESS/MNA).

Source: medNews