07/01/2008
Morocco's GDP growth rate reached 2.1% in the fourth quarter of 2007, the latest figures released by the High Commissariat for Planning (HCP) indicate. The rate is significantly lower than the 8.2% the country enjoyed in the same period of 2006. On average, the non-agricultural sector performed well, but high oil prices and drought affected grain output causing the growth to fall below the 2.5% Economy Minister Nizar Baraka announced.
Unemployment remained steady at 10% in 2007 while inflation fell from 3.3% in 2006 to 2% in 2007.