traditional
color of Islam

_*_Economy
_#_Overview: The economy recovered moderately in 1990 because
of the resolution of a trade dispute with India over phosphoric
acid sales, a rebound in textile sales to the EC, and lower prices for
food imports. In addition, a dramatic increase in worker remittances,
increased Arab donor aid, and generous debt rescheduling agreements
helped ease foreign payments pressures. On the down side, higher oil
import costs fueled inflation. Servicing the $21 billion foreign debt,
high unemployment, and Morocco's vulnerability to external forces
remain severe problems for the 1990s.

_#_GDP: $25.4 billion, per capita $990; real growth rate 2.5% (1990
est.)

_#_Inflation rate (consumer prices): 6.6% (1990 est.)

_#_Unemployment rate: 16% (1990 est.)

_#_Budget: revenues $6.6 billion; expenditures $7.3 billion, including
capital expenditures of $1.8 billion (1990 est.)

_#_Exports: $4.0 billion (f.o.b., 1990 est.);

commodities--food and beverages 30%, semiprocessed goods 23%,
consumer goods 21%, phosphates 17%;

partners--EC 58%, India 7%, Japan 5%, USSR 3%, US 2%

_#_Imports: $5.9 billion (f.o.b., 1990 est.);

commodities--capital goods 24%, semiprocessed goods 22%, raw
materials 16%, fuel and lubricants 16%, food and beverages 13%,
consumer goods 9%;

partners--EC 53%, US 11%, Canada 4%, Iraq 3%, USSR 3%, Japan 2%

_#_External debt: $21 billion (1990)

_#_Industrial production: growth rate 4% (1989 est.); accounts
for an estimated 20% of GDP

_#_Electricity: 2,262,000 kW capacity; 8,140 million kWh produced,
320 kWh per capita (1990)

_#_Industries: phosphate rock mining and processing, food processing,
leather goods, textiles, construction, tourism

_#_Agriculture: 50% of employment and 30% of export value; not
self-sufficient in food; cereal farming and livestock raising
predominate; barley, wheat, citrus fruit, wine, vegetables, olives;
fishing catch of 491,000 metric tons in 1987

_#_Illicit drugs: illicit producer of cannabis; trafficking on
the increase for both domestic and international drug markets; shipments
of cannabis mostly directed to Western Europe; occasional transit point
for cocaine from South America destined for Western Europe.

_#_Economic aid: US commitments, including Ex-Im (FY70-89), $1.3
billion; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $7.0 billion; OPEC bilateral aid (1979-89), $4.