Editing Economy of Morocco (section)

==== 2009 ====
The economy has remained insulated from the worst effects of the world crisis. Due in part to the rebounding of the agricultural sector, which had suffered from a 2007 drought, the economy expanded 5.6% in 2008, with 5.7% growth forecasted for 2009. Morocco's economy is the 61st largest in the world, according to the IMF, though its per-capita GDP is low compared to similarly ranked nations. [[King Mohammed VI]] has recently launched two national economic strategies: Plan Maroc Vert and Plan Emergence. The first seeks to create 1.5m jobs in the [[Agriculture in Morocco|agriculture sector]], and add around €7.65 billion to GDP through €10.8 billion of investments by 2020, while the latter will establish new industrial zones and boost training to increase efficiency.  Additionally, phosphates production, which accounted for more than a third of 2008 exports, is being restructured for greater value.

Morocco's economy is expected to achieve a 6.6% growth in the first quarter of 2009 up from 4.8% in the past quarter thanks to prospects for an [[Agriculture in Morocco|agricultural campaign]] above the average of the past five years.<ref name="ReferenceA">{{cite web |url=http://www.map.ma/eng/sections/economy/morocco_s_economy_to/view |title=Home: Morocco's economy to grow by 4% in Q1 2011 |access-date=20 January 2009 |url-status=dead |archive-url=https://web.archive.org/web/20110314012335/http://www.map.ma/eng/sections/economy/morocco_s_economy_to/view |archive-date=14 March 2011}}</ref><ref name="magharebia.com">{{cite web|url=http://magharebia.com/cocoon/awi/xhtml1/en_GB/features/awi/newsbriefs/general/2009/01/21/newsbrief-04|title=Morocco foresees 6.6% economic growth in 2009 first quarter – Magharebia|access-date=11 June 2015|archive-url=https://web.archive.org/web/20150427111359/http://magharebia.com/cocoon/awi/xhtml1/en_GB/features/awi/newsbriefs/general/2009/01/21/newsbrief-04|archive-date=27 April 2015|url-status=dead}}</ref>

By the end of December 2008, rainfalls exceeded that of an ordinary year by 106%. This surplus has benefited to all agricultural regions and increased the water stored in dams destined for agriculture to 40.7%. In these conditions and taking into consideration a cereal campaign nearing 70 million quintals, the agricultural value added could increase by 22.2% in the first quarter of 2009, thus contributing 2.9% to the national economic growth.<ref name="ReferenceA"/><ref name="magharebia.com"/>

Due to a decrease of activity among Morocco's main commercial partners, foreign demand of goods destined towards Morocco would moderately slow down in 2009 compared to the 9% rise in 2008. This trend could continue in Q1 of 2009 with a growth rate not exceeding 2% due to a lackluster economic growth outlook and the slowdown of international trade.