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During the last 30 years, Morocco has embarked on a gradual but solid program of human development and political liberalization. Since the 1970s, gross national income per person more than quadrupled from $550 to $2,770. The average life expectancy has increased from 55 years in 1970 to 72.5 in 2007.
Morocco is a fairly stable economy with continuous growth over the past half-century. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s.
Economic history of the Arab world addresses the history of economic activity in the Arabic-speaking countries and the stretching of Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Horn of Africa and the Indian Ocean in the southeast from the time of its origins in the Arabian peninsula and spread in the 7th century CE Muslim ...
Beginning in 1549, the region was ruled by successive Arab dynasties known as the Sharifian dynasties, who claimed descent from the prophet Muhammad. The first of these polities was the Saadi dynasty, which ruled Morocco from 1549 to 1659. From 1509 to 1549, the Saadi rulers had control of only the southern areas.
v. t. e. Morocco is a member of the United Nations and belongs to the African Union, Arab League, Arab Maghreb Union (UMA), Organisation of Islamic Cooperation (OIC), the Non-Aligned Movement and the Community of Sahel-Saharan States (CEN-SAD). Morocco's relationships vary greatly between African, Arab, United States, United Kingdom, Australia ...
Casablanca is a port city on the Atlantic coast of western Morocco. Casablanca is Morocco's biggest city, principal port, and economic capital. The town of Casablanca was founded in 1515. It was an important strategic port during World War II and hosted the Anglo-American Summit in 1943. The city is served by Mohammed V International Airport.
These investments reflect the strong diplomatic relations between Morocco and the regimes in the Persian Gulf countries. Some analysts would add the Sunni affinity as another factor, but above all, it is the liberalized economy and the economic reforms in Morocco that appear to be attracting most of the investors from the Persian Gulf region.
On the other, economic health in many other aspects in Morocco has improved fairly well in the past few years. Macroeconomic vulnerabilities have gone down, inflation and public debt is declining while government revenues, FDI and exports in two of the main export sectors of the Moroccan economy, phosphate and automobile, [4] have risen.