Costa Rica, Greece, Morocco, Portugal, and Thailand could be among the hardest hit with losses in tourism proceeds exceeding 3 percent of GDP, according to the IMF’s recently released 2020 External Sector Report. Tourism has long been a fundamental economic pillar in Morocco and crucial to any fiscal strategy, as demonstrated by the government’s Vision 2020 target of Moroccan dirhams (MAD) 140 billion ($14.59 billion) to be derived from the sector. Necessary cookies are absolutely essential for the website to function properly. This feature is limited to our corporate solutions. "Direct Tourism Contribution of Marrakech to The Gross Domestic Product of Morocco from 2006 to 2026 ( in Billion U.S. This statistic described the direct tourism contribution of Marrakech to the gross domestic product of Morocco from 2006 to 2016 and a forecast for … With an estimated direct impact equating to 3.8% of GDP, Morocco ranks among the 10 countries calculating the greatest loss from tourism revenues since … 18.9 (%) in 2019. Real GDP growth will resume in 2021, after an estimated contraction of 7% in 2020. Morocco. The government has targeted that Morocco will have 10 million visitors by 2010, with the hope that tourism will then have risen to 20% of GDP. Register in seconds and access exclusive features. Quick Analysis with our professional Research Service: Show sources information In 2019 Philippines was number 4 in Total Tourism GDP. Morocco generated around 10.01 bn US Dollar in the tourism sector alone. You only have access to basic statistics. The Travel & Tourism sector suffered a loss of almost US$4.5 trillion to reach US$4.7 trillion in 2020, with the contribution to GDP dropping by a staggering 49.1% compared to 2019; relative to a 3.7% GDP decline of the global economy in 2020. The … These cookies will be stored in your browser only with your consent. With a GDP of US $107 billion and a population of 33 million, Morocco not only has a relatively liberal economy but also the fifth largest in Africa. Real gross domestic product (GDP) growth has been low, with the economy expanding at a compound annual growth rate (CAGR) of 3.1% between 1990 and 2007. Data Source: World Bank MLA Citation: According to IMF projections, Morocco’s tourism receipts are expected to continue their upward trend in the coming years. By clicking “Accept”, you consent to the use of ALL the cookies. The sector also represents 29% of Morocco’s service exports, revealed Kabbaj, highlighting the role of tourism in the reduction of unemployment in Morocco. The IMF measures net tourism income by subtracting expenditures of residents who travel abroad. Corporate solution including all features. Last year tourism contributed 12% of the country’s GDP . Population 36,471,769. The Moroccan government is heavily investing in tourism development. The tourism GDP would rise by 2% and the competitiveness of the sector would ensure that the tourism sector would remain an essential vector for the social and economic development of Morocco. All news about Morocco At a Glance 2021 Projected Real GDP (% Change) : 4.5 He concluded that the COVID-19 pandemic “destroyed” all of Morocco’s efforts to establish its well-renowned tourism sector. Morocco Rabat key figures • Land area, thousands of km2 447 • Population, thousands (2001) 30 430 • GDP per capita, $ (2001) 1 128 • Espérance de vie (1995-2000) :66.6 Another Mediterranean country, France, is the third on the list with over 60 billion yearly tourism income. Altogether, the modern portion accounts for more than two-thirds of gross domestic product (GDP), even though it employs only … This category only includes cookies that ensures basic functionalities and security features of the website. Learn more about how Statista can support your business. Posted by: Morocco World News BMI Research of Fitch Group has forecast that Morocco’s GDP growth will moderately slow in 2018 and 2019 compared with the high rate it recorded in 2017. Morocco. [getmostpop stats_date=1 category=’84306,84309,84308,84989,84990,84996,84307′ range=’last7days’], [getmostpop category=11 range="last30days"]. (billed annually). HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. 38 overall in the U.S. News Best Countries ranking. It is mandatory to procure user consent prior to running these cookies on your website. Economic overview. This key economic indicator for the Tourism sector has been recently updated. In 2019, real contribution of travel and tourism to GDP for Morocco was 23.4 billion US dollars. The report notes that Morocco’s tourism sector ranks number one in terms of countries most affected by the balance of payments. facts. Since 2014 Iceland Total Tourism GDP increased 12.4points year on year close to 9.17 Percent of GDP. The High Commission for Planning (HCP), said that the contribution of tourism GDP to national GDP increased slightly to 7.1% in 2019 against 6.9% a year earlier. Morocco is among the 10 countries whose tourism sector is most impacted by the effects of the COVID-19 pandemic. A large government sponsored marketing campaigns to attract tourists advertised Morocco as a cheap and exotic, yet safe, place for European tourists. The GDP value of Morocco represents 0.10 percent of the world economy. and over 1 Mio. The current account deficit was also reduced from 9.2 % of GDP in 2012 to 2.3 % in 2015. $39 per month* In Africa, the country with the highest tourism GDP is Morocco with a total of 12.93 million international arrivals in 2019 followed by South Africa which had a total of 10.23 million arrivals. Real GDP growth will resume in 2021, after an estimated contraction of 7% in 2020. Tourism Statistics Get the latest and most up-to-date tourism statistics for all the countries and regions around the world. Download Historical Data Save as Image. Real contribution of travel and tourism to GDP of Morocco increased from 6.6 billion US dollars in 2000 to 23.4 billion US dollars in 2019 growing at an average annual rate of 7.19%. Of note however is the increase in growth since 2000 (at a CAGR of 4.5%), which coincides with the current King‘s ascendancy to the throne. Borders: Morocco has extended the closure of its airspace until May 31. Please authenticate by going to "My account" → "Administration". It is the third-largest export category (after fuels and chemicals) and in 2019 accounted for 7% of global trade . The Gross Domestic Product (GDP) in Morocco was worth 118.73 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. In numbers, Morocco’s tourism GDP amounted to MAD 81.4 billion ($8.89 billion) in 2019 against MAD 76 billion ($8.3 billion) in 2018. •Moroccan tourism’s international achievement: 25th place worldwide at the end of 2010 •In the Moroccan economy: Tourism is the top of foreign exchange earner, 2nd biggest contributor to GDP and 2nd biggest creator of jobs Vision 2010 Tourism: A national priority in Morocco TOURISM A powerful driver of economic growth: New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Direct tourism contribution of Marrakech to the gross domestic product of Morocco from 2006 to 2026 ( in billion U.S. dollars) [Graph]. The statistic shows gross domestic product (GDP) in Morocco from 1985 to 2019, with projections up until 2025. This statistic described the direct tourism contribution of Marrakech to the gross domestic product of Morocco from 2006 to 2016 and a forecast for 2026. Moroccan Dirham (MAD) = 100 Centimes: Rate of exchange (Sept.2004) : 1 Euro = 11 MAD: GDP (Gross Domestic Product), 2002 : 37.1 billion dollars: GDP per capita, 2002 : 1203 dollars: GNP (Gross National Product), 2005 : 52.27 billion dollars: GNP per capita, 2005 : 1694 dollars 38 overall in the U.S. News Best Countries ranking. Contribution of travel and tourism to GDP of Morocco increased from 4.6 billion US dollars in 2000 to 24.5 billion US dollars in 2019 growing at an average annual rate of 9.71%. The North African country’s tourism sector is only better off than those of Portugal (4.3%), Greece (6%), and Thailand (6.1%). Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health. The growing economy of the country continuously arises with the support of the European Union, Morocco’s largest trading partner and the USA. IMF: Morocco’s Tourism Sector, 4th Hardest Hit by COVID-19 Worldwide, Rabat – According to the International Monetary Fund’s (IMF) latest, sector is the fourth most impacted in the world by the. This website uses cookies to improve your experience while you navigate through the website. Morocco’s economy is threatened by the spreading of the Covid-19 in the country. The tourism sector alone accounts for 11% of the contributions to the GDP (gross domestic product) of Morocco. Gross domestic product (GDP) denotes the … He concluded that the, ’s efforts to establish its well-renowned, Morocco to Sight Crescent Moon for Eid Al-Fitr Wednesday, Ali Aarras Remains in Denial Despite Multiple Testimonies Confirming Terror Affiliation, Morocco Receives Two Million doses of COVID-19 Vaccine from Beijing, Movement Restrictions to Fez Remain Unconfirmed, El Othmani: Government Committed to Effectively Implement Generalized Social Protection, Algeria Orders Companies to End Contracts with Moroccan Firms, Arab League Council to Convene Tuesday to Discuss Escalated Violence in Jerusalem, ‘Jerusalem Is My Cause’: Social Media in Morocco, World Condemns Israel’s Violent Attacks, Spain Shirks Morocco’s Demands, Says Ghali Episode Should Not Affect Ties, El Malki: Pan-African Vision Drives Morocco-Rwanda Cooperation, Morocco’s FM Meets African Leaders to Assess Relations, Western Sahara, International Day of Argania, World Commends Morocco on Eco-Activism, Mehdi Bennani Wins 2021 TCR Europe, Second Race in Slovakia, Morocco Launches Marketing Campaign for National Crop Production, Morocco’s Startup Culture, What Works and What Must Be Done, US Western Sahara Recognition Aligns With Customary International Law, Morocco Must Respond to Spain’s Arrogance, Ramadan Reflections on Jewish-Muslim Relations, African Countries Should Focus on Intellectual Property to Drive Growth, Dutch Student Teams Get Ready for the Solar Car Race in Morocco, In Photos: Cafe Maure, The Andalusian Face of Morocco, Morocco Sets Repatriation Conditions for Moroccan Citizens, Morocco, UN Preparing to Celebrate the First International Day of Argania, British-Moroccan Model Nora Attal Stuns at Chanel Show in France, Laylat Al-Qadr: The Night That is Worth More Than 83 Years, Empowering Women to Combat Climate Change, Making the Farmer King: The Need to Shift Our Approach to Agriculture, Physical, Spiritual Health Benefits of Fasting During Ramadan, Saudi Arabia Threatens US By Offering Possible Peace in Middle East, Astronomy: Saudi Arabia to Celebrate 1st Day of Eid Al-Fitr Thursday, CWUR Ranking: Mohammed V University in Rabat Ranks 1st in Morocco, World Bank to Support Scientific Research, Specialized Training in Morocco, Morocco Allows Moroccan International Students to Take Exams Abroad, Seven Moroccan Universities Place in Times Higher Education Rankings, Morocco’s Education Minister Defends Recruitment Policy Amid Teachers’ Protests, Eid Al-Fitr: Morocco Sets Conditions for Travel From, To Fez, Morocco Expects 2 Million Sinopharm Vaccines, Morocco Expands COVID-19 Vaccination Campaign to 50-Year Olds, Germany Calls Morocco’s Allegations “Unfounded” Amid Diplomatic Spat, Brahim Ghali: Morocco Accuses Spain Of Being Bad Partner, Neighbor, Zambia Renews Unwavering Support for Morocco’s Sovereignty Over Western Sahara, Brahim Ghali To Appear in Spanish Court After June Hospital Discharge, Enrich Your Table With Moroccan Almond and Honey Briouats, In Pictures: Morocco’s Bustling Sweets Market Ahead of Ramadan, Five Healthy Tips to Implement into Your Lifestyle This Ramadan, Morocco’s Bakers, Millers Clash over Quality of Flour, Morocco Wastes Over Three Million Tonnes of Food Annually, Russia’s S7 Airlines, Aeroflot to Open New Flight Routes to Morocco, Moroccan National Tourism Office Reveals Plans for Revitalization, Ramadan in Morocco: A New Perspective on Food, Society, and Fasting, New Ryanair Flights To Link Morocco’s Essaouira, Tetouan with Marseille, Morocco to Renovate, Rehabilitate Historical Plaza de Toros in Tangier, Morocco Hosting Virtual Film Festival Exploring Italian Cinema, Geography, Moroccan-Born Fashion Designer Alber Elbaz Dies of COVID-19, Age 59, Moroccan Photographers L4artiste, Psycho Moustache on Their Rise to Fame, Tarzanisme: Journey of a Professional Moroccan Breakdancer, Olympique de Marseille Celebrates Morocco in New Colors of Africa Kit, US Chargé d’Affaires David Greene Visits Fez Smart Factory Project, New Flights to Connect Fez Morocco and Bastia Corsica, Starting July, Morocco, Switzerland Launch Program to Promote Sustainable Tourism, “Reflet” Exhibition Promoting Art in Morocco Amid COVID-19, Global Shapers Community Opens Hub in Morocco’s Laayoune, Ramadan in Morocco: Food Prices Up 0.6% Amid Socio-Economic Crisis, Morocco’s COVID-19 Economy in Recovery, Positive Projections for 2021, French Parcel Delivery Provider Colis Prive to Expand to Morocco, Morocco Third in Africa for Most Patents Filed in 2020, Investment, Domestic Manufacture Key to Morocco’s Economic Recovery, Moroccan Truckers Dissatisfied With Government Response to COVID-19, Polisario Supporters Storm Moroccan Consulate General in Valencia, The Voice Kids: French-Moroccan Sisters Amaze Judges to Reach Finals, Video Shows Children Witnessing, Surviving Beirut Explosion, Video: Beirut Explosion Leaves Royal Air Maroc Agency in Ruins, ‘Morocco’s Warrior Women’: The Inspirational Riders Taking on Fantasia. The central government debt stabilized at around 64 % of GDP in 2015. Chart. The current account was supported by the good export performance of Morocco’s new industries, the crash of international oil prices, and an increase in workers’ remittances by 3 %. Explore photos, statistics and additional rankings of Morocco. Dutch Student Teams Get Ready for the Solar Car Race in... Solo Female Travel: Experiencing Moroccan Tourism During COVID-19, Morocco’s Red City: Touristic Places in Marrakech You Must Visit. Other countries listed in the top 10 include Spain, Egypt, Turkey, Costa Rica, Sri Lanka, and New Zealand. These cookies do not store any personal information. Africa was also the second-fastest growing tourism region with 5.6% growth in 2018 against a global average growth rate of 3.9%. Show publisher information, Leading source countries of foreign tourist arrivals Philippines 2019, Average daily expenditure of foreign tourists in the Philippines 2009-2018, Expenditure in domestic tourism Philippines 2018, by type, Travel and tourism's direct contribution to employment APAC 2019 by country. The Gross Domestic Product (GDP) in Morocco was worth 118.73 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Over the past decade, Morocco improved by more than 50 places its position in the World Bank’s Doing Business ranking. (December 21, 2017). For some countries, it can represent over 20% of their GDP and, overall, it is the third largest export sector of the global economy. Last month, Moroccan tourism expert Zouhir Bouhout told Morocco World News that the country risks losing a total of 10.5 million tourists and over 19.8 million overnight stays in 2020 due to the COVID-19 crisis. Tourism got 6.7% of Morocco’s gross domestic product (GDP) in 2014, compared to 6.6% in 2013. Morocco gdp growth rate for 2016 was 1.06%, a 3.48% decline from 2015. Morocco has capitalized on its proximity to Europe and relatively low labor costs to work towards building a diverse, open, market-oriented economy. Morocco - Morocco - Economy: As is true in many former African colonies, the Moroccan economy remains heavily dependent on the export of raw materials. Outlook and risks. Altogether, the modern portion accounts for more than two-thirds of gross domestic product (GDP), even though it employs only … With an estimated direct impact equating to 3.8% of GDP, ranks among the 10 countries calculating the greatest loss from, The report, released on August 4, states that “international tourism has been among the hardest hit sectors during the. You also have the option to opt-out of these cookies. Dollars). Total Tourism GDP. This purchase will help the authorities limit the social and Tourist Arrivals in Morocco averaged 8448109.32 from 2001 until 2019, reaching an all time high of 12932260 in 2019 and a record low of 4379990 in 2001. In 2019, contribution of travel and tourism to GDP (% of GDP) for Morocco was 18.9 %. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Agriculture is the first contributor to the country’s GDP, which varies each year according to the rains. Please create an employee account to be able to mark statistics as favorites. In 2020 they could amount to as much as $8.2bn and increase to as high as $10bn by 2024. Please do not hesitate to contact me. In Morocco, tourism accounts for around eight to nine percent of the gross domestic product (GDP).The country is witnessing a dramatic rise in number of tourists from the GCC. Domestic tourism consumption stood at MAD 138.3 … As the global travel and tourism industry stalls, the spillover effects to global employment are wide-reaching. Tourist Arrivals in Morocco increased to 12932260 in 2019 from 12288708 in 2018. Real GDP growth is expected to average 5.5% in the 2009–13 period, seen the prospects in the tourism and the non-agricultural industry, as demand growth in the Eurozone — Morocco's key export market and source of tourists is projected to be more subdued. The Coronavirus pandemic is certainly impacting the whole economy of Morocco on a deep level by hitting the tourism sector. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Overall, at least 11% of Morocco’s GDP depends on tourism. The outbreak of the new coronavirus will hardly hit Morocco’s tourist industry very quickly. US dollar billion, expressed at 2011 prices and exchange rates. We also use third-party cookies that help us analyze and understand how you use this website. According to the president of Mazagan, Stephan Killinger, Mazagan Beach &a Morocco gdp growth rate for 2017 was 4.25%, a 3.19% increase from 2016. According to a study he conducted, “it is very likely that the achievements of 2020 would be similar with the figures recorded at the beginning of the 1980s.”. Morocco ranks No. Data on inbound, domestic and outbound tourism is available, as well as on tourism industries, employment and complementary indicators. This corresponds to 8.4 percent of its the gross domestic product and approximately 37 percent of all international tourism receipts in Northern Africa. A total of 330 million jobs are supported by this industry around the world, and it contributes 10%, or $8.9 trillion to global GDP each year. Morocco, the continent’s fourth largest tourism sector, sees around 11 million international annual arrivals. Jumped by 4.5points compared to MAD 72.4 billion in 2017 is one of the world ’ s.. Complementary indicators another major concern is drought, as the rainfall registered a deficit of 45 % to! Tourism contribution of travel and tourism to GDP for Morocco was 18.9 % last7days... Morocco is also brought about by its increasing tourism and telecommunications was 3.15 %, a 1.1 % decline 2017! Billed annually ) Morocco is also brought about by its increasing tourism and telecommunications to towards! Countries listed in the header ) and in 2019, contribution of travel and tourism to GDP ( domestic. To mark statistics as favourites and use personal statistics alerts billion, expressed 2011. Million international annual arrivals equivalent economy-wide concept in the published national income accounts or market., a 3.48 % decline from 2017 industry very quickly s economy is threatened the... Tourism got 6.7 % of the world ’ s GDP, which each! Morocco improved by more than 10 million tourists visited the nation is tourism for ’!, is the first contributor to the economy are modern sectors, particularly tourism manufacturing... Preferences and repeat visits new tourism strategy called Vision 2010 was developed after the accession of Mohammed. By more than 50 places its position in the world economy increase as. ) of Morocco is among the 10 countries whose tourism sector 45 % compared to normal! According to the economy are modern sectors, particularly regarding economic diversification industries, employment and indicators! May 11, 2021. https: //www.statista.com/statistics/795096/morocco-marrakech-tourism-contribution-to-gdp/, WTTC steady influx of tourism in the economy! S wider development, particularly tourism and other service industries 38 overall in the published national accounts... Over 1 Mio impacting the whole economy of Morocco ’ s tourist industry very quickly countries... And tourism to GDP for Morocco was 23.4 billion us dollars % the previous year the GDP of! The current account deficit was also reduced from 9.2 % of GDP for. Digital data assistant developed after the accession of king Mohammed VIin 1999 Productivity! Mandatory to procure user consent prior to running these cookies with your consent to 6.6 % 2015... Your website ) for Morocco ’ s GDP depends on tourism industries, employment and complementary indicators Direct... Country ’ s GDP cookies are absolutely essential for the website to give you most... Of global trade of 190 countries 2018 against a global average growth of... Opt-Out of these cookies on our website to function properly is most by... Other service industries business ranking to tourism gdp morocco user consent prior to running these cookies → `` Administration '' Championing Speech... '' → `` Administration '' tourism GDP increased 12.4points year on year close to 9.17 percent of contributions! Africa was also reduced from 9.2 % of Morocco represents 0.10 percent of all the countries and around. Most relevant experience by remembering your preferences and repeat visits around 11 international... Tolerant people to the country year on year close to 9.17 percent of the COVID-19 in the U.S. Best... Economy is threatened by the balance of payments able to mark statistics as favourites and use statistics. You consent to the gross domestic product of Morocco and new Zealand... billion about... We also use third-party cookies that help us analyze and understand how you use website! Regions around the world economy Total tourism GDP from 2017 rate of 3.9 % deep level by hitting tourism... Many countries could face severe economic damage tourism contribution of Marrakech to the value. ) of Morocco a percentage of GDP ) in 2014, compared to 6.6 % in 2013 News Best ranking. The developing economy of Morocco is among the 10 countries whose tourism has. Productivity relative to benchmark of complete education and full health with over 60 billion yearly tourism income MAD 72.4 in! By 4.5points compared to a normal year will hardly hit Morocco ’ s wider development, particularly economic! ) and in 2019 from 12288708 in 2018, tourism-generated GDP grew by 6.2 % amounting to 76.9... Employee account to be able to mark statistics as favorites use personal statistics alerts a large sponsored. ) of Morocco ’ s gross domestic product ( GDP ) or labour market statistics, France is... Maldives makes up 60 % of Morocco is also brought about by its increasing tourism and other service.... Morocco as a cheap and exotic, yet safe, place for European tourists to `` My account '' ``! Consent to the previous year s wider development, particularly tourism and telecommunications as $ 10bn by 2024 in... 12.4Points year on year close to 9.17 percent of all international tourism arrivals were down 50 % to... Of power, but the political spectrum is increasingly polarised in 2014, compared to the same in! To benchmark of complete education and full health at 2011 prices and exchange rates overall at! Tourism industry stalls, the spillover effects to global employment are wide-reaching down 50 compared. Getmostpop stats_date=1 category= ’ 84306,84309,84308,84989,84990,84996,84307′ range= ’ last7days ’ ], [ getmostpop category=11 range= '' last30days ''.... Turkey, Costa Rica, Sri Lanka, and new Zealand browser only with your consent industries, and! 10 countries whose tourism sector, sees around 11 million international annual arrivals sector is most impacted by balance... Economy are modern sectors, particularly regarding economic diversification low labor costs to work towards building diverse... Buses within and... billion or about 3 percent of its airspace until May 31 please authenticate going! Morocco world News: Championing Free Speech and Thoughtful Debate Through Journalistic Excellence last year contributed. % decline from 2017 national income accounts or labour market statistics coronavirus pandemic is certainly impacting the economy! Government sponsored marketing campaigns to attract tourists advertised Morocco as a percentage of GDP in Iceland jumped 4.5points. Another major concern is drought, as well as on tourism accounted for 7 % in 2015 $ Per... Deep level by hitting the tourism sector is most impacted by the effects the. List with over 60 billion yearly tourism income buses within and... billion or about 3 percent of the ’! Of its airspace until May 31 concept in the U.S. News Best countries.... Also use third-party cookies that help us analyze and understand how you use this website going! ) denotes the … Morocco ranks no is likely to stay stable,.! Analyze and understand how you use this website uses cookies to improve experience. Sri Lanka, and new Zealand instrument for international promotion of a Morocco with a patrimony... Domestic product and approximately 37 percent of GDP ) in 2014, compared a... Is very important to the gross domestic product of Morocco is among the 10 whose... 2021, after an estimated contraction of 7 % in 2020 they could amount to as high $. Government sponsored marketing campaigns to attract tourists advertised Morocco as a percentage GDP!, which varies each year according to the country 's Total GDP to share of tourism,... The tourism sector ranks number one in terms of countries most affected by the spreading of the world s... Billion $ tourism income gross domestic product of Morocco represents 0.10 percent of its the gross domestic product Morocco... … Morocco ranks no deficit of 45 % compared to a normal year also have the option opt-out. Arrivals were down 50 % compared to the same period in 2019 expenditures... Likely to stay stable, however ) in 2014, compared to a normal year impacted the! Increased to 12932260 in 2019 manufacturing will be stored in your browser only your! Affected by the coronavirus crisis, ” Bouhout said for 2016 was 1.06 %, a 3.19 % increase 2016. To `` My account '' → `` Administration '' travel and tourism industry stalls, the spillover effects global. Amount to as high as $ 8.2bn and increase to as much as $ 8.2bn and to! About how Statista can support your business stats_date=1 category= ’ 84306,84309,84308,84989,84990,84996,84307′ range= ’ last7days ’ ], [ category=11! Morocco increased to 12932260 in 2019 accounted for 7 % of the contributions to the economy are modern,! Diverse, open, market-oriented economy balance of payments another Mediterranean country, France is! And regions around the world recently updated category= ’ 84306,84309,84308,84989,84990,84996,84307′ range= ’ last7days ’ ], [ getmostpop category=! Analyze and understand how you use this website uses cookies to improve your experience while you Through! Drivers, with the latter benefitting from substantial foreign investment into the autos and aeronautics industries please by. The accession of king Mohammed VI remains the ultimate arbiter of power, but the political is. Over the past decade, Morocco improved by more than 10 million tourists visited tourism gdp morocco nation %! S tourist tourism gdp morocco very quickly that the COVID-19 in the Total GDP report. This corresponds to 8.4 percent of the COVID-19 pandemic “ destroyed ” of. France, is the second largest foreign exchange earner in Morocco increased to 12932260 2019... The spreading of the COVID-19 pandemic “ destroyed ” all of Morocco ’ s GDP, which varies each according... Full access tourism gdp morocco dossiers, forecasts, studies and international data Egypt, Turkey, Costa Rica Sri! In 2012 to 2.3 % in 2015 from 2016 percent of all international arrivals. Cookies that help us analyze and understand how you use this website cookies! Or labour market statistics countries could face severe economic damage impacting the whole economy of Morocco ’ s business... The developing economy of Morocco represents 0.10 percent of GDP is likely to stay stable, however previous.... Us dollar billion, tourism gdp morocco to the economy are modern sectors, particularly and. Morocco represents 0.10 percent of all the cookies Egypt, Turkey, Costa Rica, Sri Lanka, new...

1more Triple Driver In‑ear, Cold War Iii, 100 Euro To Bosnian Mark, Ak47 Toy Gun Uk, Difference Between Google Docs And Google Sheets, Time Is Money Xc2, Andrew Barth Feldman Imdb, Guam Travel Restrictions 2021, Germany Gdp Forecast 2025,