Accounting for 15% of GDP in 2016, agriculture remains a key contributor to Morocco’s economy. The sector generates nearly 40% of employment and over 10% of exports, while the kingdom is the world’s top exporter of capers, white beans and argan oil, and is third in canned olives, and fourth in tomatoes and clementines.
Accounting for some 70% of agricultural exports, the EU is Morocco’s leading destination for agricultural goods. According to the Independent Institution for Exports Control and Coordination (Etablissement Autonome de Contrôle et de Coordination des Exportations, EACCE), in 2015 the EU imported 1.25m tonnes of Moroccan agricultural goods worth...
Agriculture remains a key contributor...
Morocco has long been recognised as one of the most advanced nations in Africa due to its strategic location and sizeable diaspora community, as well as its well-developed manufacturing sector, mining industry and agricultural output.
The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.
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