Diplomatic representation in the US: chief of mission: Ambassador Mohamed BENAISSA chancery: 1601 21st Street NW, Washington, DC 20009 consulate(s) general: New York
Diplomatic representation from the US: chief of mission: Ambassador Edward M. GABRIEL embassy: 2 Avenue de Marrakech, Rabat mailing address: PSC 74, Box 3, APO AE 09718 consulate(s) general: Casablanca
Flag description: red with a green pentacle (five-pointed, linear star) known as Solomon's seal in the center of the flag; green is the traditional color of Islam
Economy
Economy—overview: Morocco faces the problems typical of developing countries—restraining government spending, reducing constraints on private activity and foreign trade, and keeping inflation within manageable bounds. Since the early 1980s the government has pursued an economic program toward these objectives with the support of the IMF, the World Bank, and the Paris Club of creditors. The dirham is now fully convertible for current account transactions; reforms of the financial sector have been implemented; and state enterprises are slowly being privatized. Drought conditions in 1997 depressed activity in the key agricultural sector, holding down exports and contributing to a 2.2% contraction in real GDP. Favorable rainfalls in the fall of 1997 have led to 6.8% real GDP growth in 1998. Growth is forecast to be about 4.0% in 1999. Formidable long-term challenges include: servicing the external debt; preparing the economy for freer trade with the EU; and improving education and attracting foreign investment to improve living standards and job propects for Morocco's youthful population.
GDP: purchasing power parity—$107 billion (1998 est.)
GDP—real growth rate: 6.8% (1998 est.)
GDP—per capita: purchasing power parity?$3,200 (1998 est.)
GDP—composition by sector: agriculture: 14% industry: 33% services: 53% (1997)
Population below poverty line: 13.1% (1990-91 est.)