Morocco’s GDP Doubles in Two Decades, Surpassing 1 Trillion Dirhams

Speaking during the plenary session on the draft finance law (PLF) for the 2021 fiscal year at the House of Representatives, the Minister of Economy, Finance and Public Administration Reform, Mohamed Benchaâboun, indicated that "on the macroeconomic level, public investments have tripled to reach an 80% implementation rate over the last four years, while GDP per capita has doubled". In addition, the improvement in the unemployment rate has decreased from 13.4% to 9.2% and the poverty rate has fallen from 15.3% to 4.8%.

The minister particularly emphasized the achievements in terms of sectoral strategies, mainly the Green Morocco Plan or the Industrial Acceleration Plan, stressing that the Kingdom has accomplished many projects in terms of job creation and investment promotion, as well as the improvement of the trade balance and the national economy in general.

"The evaluation of the various strategies over the past years would serve as a lesson for future generations," he said, highlighting the shortcomings recorded in the economic infrastructure during the current health crisis that need more efforts to be filled.