The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities.
What is considered rich in Morocco?
Out of the 23.6 million adults in Morocco, 75.5% have a net worth of less than $10,000 (around MAD 90,000). Around 23.6% are worth between $10,000 and $100,000, and 1.3% have a net worth ranging between $100,000 and $1,000,000. Finally, only 0.1% of Moroccan adults are worth more than a million dollars.
What is Morocco famous for industry?
In a nutshell the main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction, and tourism. Morocco's main trading partners are France and Spain.
How is the king of Morocco so rich?
Mohammed 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$8.2 billion.
What is Morocco rich in?
What is Morocco known for growing?
Sugar, wheat, potatoes, and olives are the main crops produced in Morocco.
What is the minimum wage in Morocco in USD?
According to Wage Indicator, the minimum wage in Morocco is 3,500 MAD (USD 350) per month in the public sector and 2,970 MAD (USD 297) in the private sector. Meanwhile, the minimum wage for agricultural workers is 2,094 MAD (USD 209) per month.
How many millionaires live in Morocco?
Morocco is home to four billionaires, 28 centi-millionaires, and 5,800 millionaires. Wealth Report: Morocco Among 'Big 5' Wealth Markets in Africa By Mariya Sahnouni – Mar. 29, 2023 12:47 p.m.
What is Morocco’s biggest industries?
The main industries in Morocco are phosphate rock mining and processing, food processing, leather goods, textiles, selling of arts and crafts, construction and tourism.