Agriculture Boosted Moroccos Economic Growth Rate in 2013 HCP

Rabat  – The growth rate of the Moroccan economy reached 4.4% in 2013 against 2.7% in 2012, on the back of the development of the agricultural activity and the reduction of funding in the context of curbing inflation, according to the high planning commission (HCP).The national economic growth increased in 2013, thanks to a development by the  agricultural activity, while non-agricultural activities dropped, said the HCP which issued its national provisional accounts for 2013 which also show a decrease in the need for funding.The Gross Domestic Product (GDP) grew by 5.5% in 2013, an increase of 1.1 % in the general level of prices. Agricultural value added volume increased by 19 %, against a decline of 8.9 % in 2012, while that of non-agricultural activities posted an increase of 2% instead 4.3 % a year earlier, the same source said. read more