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Moroccan economy: 4,8% growth in the 3rd quarter of 2011
- Général



The national economy achieved a 4,8% growth rate during the third quarter of 2011, compared to 3% over the same period last year. At current prices, the GDP showed an increase of 4,8%, compared to 3,9% over the same period in the previous year, and of 5,1% in nominal terms, i.e a slight annual increase of 0,3% in the general price level, according to the Moroccan High Commission for Planning (Haut Commissariat au Plan). Domestic economic activity has shown a 4,9% increase in non-agricultural GDP instead of 4,6% in the same quarter of 2010, as well as an improvement of 4,1% in value-added agriculture, compared to the stagnation recorded in 2010. This increase was reported despite the fall in hospitality activity (-2,6%), fishing industry (-3,7%), and mining (-1,8%).
 

Source : Infomédiaire