MOROCCO'S GDP UP 7% IN Q1 2008
(ANSAmed) - RABAT, JULY 2 - Moroccòs economy achieved a
growth rate of 7% during the first three months of 2008 compared
to 3% during the same period of last year, says a press release
by the High Commissioner for Planning (HCP).
This performance is due to a 9.5% increase of the added value
of agriculture in the first quarter of 2008, after a decline of
18.8 % in the same period of 2007, and thanks to the rise by
6.5% in non-agricultural sectors (against 5.7% between January
and March 2007). The Mining sector decreased from 11.7% during
the first quarter of 2007 to 2.6% this year, while oil refining
expanded 23.4% till March 2008 against 25.3% last year,
according to HCP figures.
Manufacturing posted a 5.3% increase while building and
public works dropped from 11.2% in 2007 to 10.3% during the
first quarter of 2008, and trade posted a 5.1% increase (2% the
previous year).
The sector of information and communications technologies
also posted a growth of 11%, whereas financial activities, which
accounted for 5.9% of Gross Domestic Product (GDP) in 2007,
jumped from 16.2% in 2007 to 20.2% this year. (ANSAmed).
2008-07-02 10:30