Minister of Economy : National GDP Doubled between 2000 and 2019 Reaching over MAD 1,000 bln
The national Gross Domestic Product (GDP) doubled between 2000 and 2019 reaching over MAD 1,000 billion, said Minister of Economy, Finance and Administration Reform, Mohamed Benchaaboun.
"On the macroeconomic level, public investments have tripled to reach 80% of the rate of achievement during the last four years, while GDP per capita has doubled," Benchaaboun said in his response to interventions of parliamentary groups at the plenary session dedicated to the 2021 appropriation bill at the House of Representatives.
During this period, the unemployment rate improved falling from 13.4% to 9.2%, while poverty rate fell from 15.3% to 4.8%, he added.
Focusing on the achievements of sector strategies, including the Green Morocco Plan or the Industrial Acceleration Plan, the minister said that Morocco has made great strides thanks to these strategies, both in terms of job creation and investment promotion.
"The assessment of the various strategies adopted in recent years would allow us to draw lessons for future generations," he said, pointing in this regard to the shortcomings in economic infrastructure, observed during the current crisis and which require more efforts to remedy to them.