Is Morocco poor than India?

Is Morocco richer than India?

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Morocco ranked 60th with $117.9B. By GDP 5-years average growth and GDP per capita, India and Morocco ranked 6th vs 87th and 150th vs 130th, respectively.

Is Morocco a developed country?

One of the most developed countries in Africa, Morocco is a melting pot of indigenous Berber, African, Arab and European influences. Due to its strategic location and proximity to Europe, the kingdom has been able to accommodate its cultural diversity in a stable and politically inclusive system.

Was Morocco a rich country?

The economic system of the country is characterized by a large opening towards the outside world. In the Arab world, Morocco has the second-largest non-oil GDP, behind Egypt, as of 2017.

Economy of Morocco.

Statistics
GDP rank 58th (nominal, 2019) 54th (PPP, 2019)
GDP growth 3.0% (2018) 2.3% (2019e) −1.7% (2020f) 5.5% (2021f)

Is Morocco poor than Pakistan?

make 37.2% less money. Morocco has a GDP per capita of $8,600 as of 2017, while in Pakistan, the GDP per capita is $5,400 as of 2017.

Is Morocco a poor country?

The living standards in Morocco is rated as low. It is by international standards that Morocco is considered a poor country. Global Finance Magazine has ranked it as one of the poorest countries in the world. … Out of the 35.2 million population of the country in 2018, some of them are poor and at risk of poverty.

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What is the most common job in Morocco?

Key sectors of the economy include agriculture, tourism, textiles, phosphate rock mining and processing, food canning, construction, energy, and subcomponents. The economy remains dependent on the state of the agricultural sector, in which 39.1% of the people working in Morocco are employed.

Who is king of Morocco?

How rich is the king of Morocco?

The king has vast business holdings across several economic sectors in Morocco. His net worth has been estimated at between US$2.1 billion and over US$5 billion, and, according to the American business magazine Forbes, he was the richest king in Africa in 2014, and the 5th richest king in the world.