Rabat - Morocco's economic growth stood at 4.5 percent in 2015, a rise of 0.2 point compared to forecasts by the High Planning Commission (HCP) which is 4.3 percent.
Rabat – Morocco’s economic growth stood at 4.5 percent in 2015, a rise of 0.2 point compared to forecasts by the High Planning Commission (HCP) which is 4.3 percent.
This progress is due to the good economic activity at the 4th quarter of 2015, with a growth of 5.2 percent instead of 2.2 percent a year earlier, said HCP in an information note on the situation of national economy at the 4th quarter of the year 2015.
The GDP growth was 7.1 percent, thus generating an increase in its implicit price of 1.9 percent instead of 1.1 percent, said HCP.
The national economic growth in the fourth quarter of 2015 was driven by agriculture value added and an amelioration in non-agricultural activities.
Thus, the agriculture value added, in terms of volume, increased by 13.5 percent instead of a drop of 1.3 percent, after an average of 14.3 percent posted during the previous three quarters.
Non-agricultural activities increased by 3 percent instead of 0.8 percent, after an average of 1.7 percent registered in the past three quarters.
