Morocco has resumed growth since 2000, but it remains insufficient to meet the demographic challenge and fragile as correlated to the results of the agricultural sector (which accounts for 11-18% of GDP depending on the year). The non-agricultural activity has played since the beginning of the decade stabilizing role throughout, with an annual growth rate ranging between 2.6 and 6.5%. This one was particularly fired up the global economic crisis which began in 2008, for the good health of construction, industrial and service sectors, telecommunications and tourism in particular.
Recent economic performance, however, show that rebalancing between sectors remains weak. The slowdown was felt in effect from 2009, particularly in the secondary sectors (textile, leather, automotive) and tertiary (-6.3% for tourism, -8.1% for transfers from abroad) but it was offset by the excellent results farming (23%) which has allowed the GDP growth of s' to 5.2% in 2009 despite the economic crisis.
The unemployment rate, which fell below 10% in 2006, continued to decrease to 9.1% in 2009, but with the persistence of alarming levels among urban youth and graduates (32% and 20 % unemployed). Inflation has been controlled from about 10% in the early 1990s to 1% a decade later. It was certainly an acceleration of inflation between 2006 and 2008: 3.3% in 2006, 3.9% in 2008, under the combined effect of domestic factors (revaluation of VAT, consumption growth) and external (rising prices for food, fuel, etc..). But this trend reversed in 2009, where the rate does not exceed 1%.
The Moroccan authorities pursuing policies of the dirham hard to control inflation. The dirham is pegged to a basket of currencies dominated the euro (80%) ..