Morocco's Economy: GDP and Currency (2022–2023)

Currency: Moroccan Dirham (MAD) – ~10 MAD = 1 USD (managed float).

GDP (World Bank, 2022): $134.2 billion USD (nominal); $332 billion PPP.

GDP per capita: ~$3,600 nominal; ~$8,900 PPP.

Key sectors: Agriculture (14%, employs 30%), Industry (30% – phosphates, autos, textiles, aerospace), Services (56% – tourism, telecom, finance).

Top exports: Phosphates/fertilizers, vehicles (Renault, Stellantis), textiles, agricultural produce, electronics.

Challenges: Youth unemployment, water scarcity, informal economy, education-jobs mismatch.