Drought slows Moroccan economy

31 March 2008
A sharp decline in revenues from the agricultural sector resulted in Morocco’s economic growth falling to 2.1 per cent for the fourth quarter of 2007, from 8.1 per cent for the same period in 2006, according to the High Planning Commission.

Agricultural revenues fell by 19.4 per cent in the fourth quarter, compared with 23.7 per cent growth the previous year.

The fall was caused by a drought that cut the country’s harvest of cereals from 8.3 million tonnes in 2006 to just 2 million tonnes in 2007.

The non-agricultural sectors grew by 6 per cent overall, compared with 4.7 per cent growth the previous year.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications