Morocco poverty rate for 2013 was 30.20%, a 16.8% decline from 2006. SHARED PROSPERITY AND MEDIAN INCOME GROWTH: The decomposition is not displayed either because the change in poverty between the spell is too small or the lack of availability of at least two household surveys. Newsletters. Adult literacy rate is the percentage of people ages 15 and above who can both read and write with understanding a short simple statement about their everyday life. Growth is expected to pick up gradually and average 3.3 over 2020–2021, mainly driven by more dynamic secondary and tertiary activities, bolstered by high foreign investments. In 2014, the rate has reduced further, to 4.2 percent. The number of unemployed went up by 322 thousand to 1.429 million while employed decreased by 433 thousand to 10.542 million. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Despite its economic progress, 4 million Moroccans remain in poverty and live on less than $4 a day. Upper Middle Income Class Poverty Line has a value of US$5.50 PPP. Morocco poverty rate for 2006 was 47.00%, a 11.9% decline from 2000. $286.8 billion (2016 est.) The poverty rate has inched lower, from 39.9% in 2007 to 37.5% in 2014. The Gross Domestic Product (GDP) in Morocco was worth 118.73 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. GDP (purchasing power parity): $298.6 billion (2017 est.) DISTRIBUTION OF INCOME OR CONSUMPTION BY QUINTILE : Sign Up for Email The facts speak for themselves; Morocco’s GDP per capita for 2019 is only 27% of the world’s average, at $3,357.40. Population below $1.9 a day is the percentage of the population living on less than $1.9 a day at 2005 international prices. Morocco poverty rate at $1.9 a day was at level of 0.9 % in 2013, down from 3 % in 2006. Its economy is not well diversified and depends primarily on agriculture, which accounts for 40% of its gross domestic product (GDP). Despite significant strides made by Niger over the past decade to reduce the country’s poverty rate, the extreme poverty rate remained very high at 41.4% in 2019, affecting more than 9.5 million people. Notes: Among young people, the rate is about double. Hepatitis C remains another substantial communicable public health threat. Texas has already proven this. From 1998 to 2007, the Morocco poverty rate dropped from 16.3 percent to 8.9 percent. The report indicates that Morocco’s gross domestic product (GDP) is expected to “slow further to 2.7% in 2019.” The World Bank explained that the slowdown of … The average OECD relative poverty rate (i.e. Morocco’s economy continues to operate below potential, with the rainfed agricultural sector contributing to volatility and a timid recovery of the other sectors. This site uses cookies to optimize functionality and give you the best possible experience. Table A reviews Morocco’s progress in each of the HDI indicators. The contribution of net exports will remain negative, reflecting low competitiveness of exports and dependence on energy imports. But the picture is far from rosy. However, the current trend will not achieve two goals in the Growth and Jobs Strategy Paper: workforce underemployment falling from 76% to 50%, and a poverty rate at 28.7% in 2020. Lower Middle Income Class Poverty Line has a value of US$3.20 PPP. Morocco literacy rate for … The unemployment rate will slightly decline to 9.3% in H1-2019, underlined by a protracted fall in the labor force participation, which dropped to 46.1%. In particular, significant FDIs continue to flow into automotive industries, especially in the new Peugeot plant – that will eventually double the sector’s production capacity – as well as into logistics and trade services following the expansion of the Tangiers port. Through reforms, treatment, and a removal of the stress that comes with living in poverty, it is clear that a lower crime rate will be the result. © 2021 The World Bank Group, All Rights Reserved. Global data and statistics, research and publications, and topics in poverty and development, Morocco's Economic Update, October 2019 [PDF], Environmental and Social Policies for Projects. * $ 3.20 or less Morocco Residents Income Tax Tables in 2019: Income Tax Rates and Thresholds (Annual) Tax Rate Taxable Income Threshold; 0%: Income from $0.00: to: $30,000.00 Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 1 2019 n 6 n 1 y1 y7 S$ 6 e a 8 2) a 3 index a 5) b 1 y1 y9 ears b 5... s: Poverty rate (%) Real GDP per capita (LCU constant) 0 5000 15000 20000 25000 30000 0 10 20 30 40 50 2006 2008 2010 2012 2014 2016 2018 2020 2022 International poverty rate Lower middle-income pov. Morocco’s HDI value for 2019 is 0.686— which put the country in the medium human development category—positioning it at 121 out of 189 countries and territories. Morocco’s economy continues to operate below potential, with the rainfed agricultural sector contributing to volatility and a timid recovery of the other sectors. The figure should come as no surprise considering the country’s 12 percent unemployment rate. Morocco’s unemployment rate dropped to 9.8% in 2018 from 10.2% in 2017. The improvement in … Stumble Upon. The monthly cost of the minimum wage for the equivalent of 191 working hours (full time job) is 3,268.01 dirhams. Morocco literacy rate for 2018 was 73.75%, a 4.32% increase from 2012. Despite Morocco's economic progress, the country suffers from high unemployment, poverty, and illiteracy, particularly in rural areas. Other indicators visualized on maps: (In English only, for now) Adolescent fertility rate (births per 1,000 women ages 15-19) If you continue to navigate this website beyond this page, cookies will be placed on your browser. It is also available by broad age group: child poverty (0-17 years old), working-age poverty and elderly poverty … Recognizing the poverty crisis in Morocco is essential to alleviating it; such a feat is possible through providing facts about poverty in Morocco to the public. According to Freedom House’s 2019 Freedom on the Net report, the government did not block or filter any political, social, or religious websites during the year. POVERTY TREND (BY INTERNATIONAL STANDARDS): PEOPLE LIVING ON LESS THAN INTERNATIONAL POVERTY LINE, PEOPLE LIVING BELOW NATIONAL POVERTY LINE. Real GDP is expected to slow further to 2.7% in 2019, due to a decline in agricultural output (minus 2.1%). In the first part of 2010s Morocco experienced significant poverty reduction. Poverty rates were highest in Israel and the United States at almost 18%, while poverty in Denmark and Finland affected only 5 … Key economic challenges for Morocco include reforming the education system and the judiciary. Despite this admirable progress, nearly 19 percent of Morocco’s rural population is in poverty, showing the large gap in wealth between the urban and rural populations. 新浪微博. In July 2018 the government said it intended to eliminate the disease from Morocco by 2030. outlook. Notes: International Poverty Line has a value of US$1.90 PPP. Non-agricultural growth will improve (3.4% in 2019 compared to 3% in 2018), driven by better performance of phosphates, chemicals, and textiles output. Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population), Multidimensional poverty, Headcount ratio (% of population), GNI per capita, Atlas method (current US$). This improvement has been made thanks to better access to electricity (generalising online applications for new connections and expanding the use of prebuilt transformers). A report issued by the Morocco’s High Planning Commission (HCP), the United Nations and the World Bank revealed that the coronavirus pandemic has driven up the country’s poverty rate from 17.1% percent in 2019 to 19.8% in 2020. rate Upper middle-income pov. Cost of the minimum wage for the company . Between 1990 and 2019, Morocco’s HDI value increased from 0.457 to 0.686, an increase of 50.1 percent. Thanks to sound monetary policy and ample supply of fresh food, inflation has remained low, under 0.6%. Morocco Demographics. the share of people living with less than half the median disposable income in their country) was 11.7% in 2016 for the OECD . License: All the material produced by Our World in Data, including interactive visualizations and code, are completely open access under the Creative Commons BY license.You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. The GDP value of Morocco represents 0.10 percent of the world economy. Morocco, officially the Kingdom of Morocco, is the most western of the North African countries with an alternative Arabic name that translates to "The Western Kingdom.". In 2014, the rate has reduced further, to 4.2 percent. To learn more about cookies, click here. The unemployment rate in Morocco rose to 11.9 percent in the fourth quarter of 2020 from 9.2 percent in the same period a year ago, partly due to the ongoing pandemic crisis. NOTE: The information regarding Population below poverty line (%) on this … In this visualization, the longer the colored bars, the bigger a country’s projected jump in poverty rates from early 2019 (pre-pandemic) to late 2020. 3.1% 2018 2.5% 2019. From 2000-17, the country posted an average annual GDP growth of 4.4%. The World Bank Group works in every major area of development. The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line; taken as half the median household income of the total population. Predictions based on GDP per capita indi-cate that poverty will decline but at a much slower pace. Inflation is projected to average around 1% over the medium-term. rate of 3.3 percent (3.9 percent for the bottom 20 percent), monetary poverty 1 and vulnerability 2 fell to 4.8 and 12.5 percent respectively. Real GDP is expected to slow further to 2.7% in 2019, due to a decline in agricultural output (minus 2.1%). The same report indicated that there have been cases in Morocco where bloggers were arrested or imprisoned for content the government deemed politically sensitive. Meanwhile, according to the Borgen Project, 4 … The inflation rate rose from 1.1% in 2018 to 2.4% in 2019, but remained below the CEMAC 3% limit. As of 2014, the poverty rate in Morocco fell to 4.2%, but “nearly 19% of the rural population are still living in poverty or are vulnerable.” And while 3.1% of the population lives on $1.90 a day, as many as 15.5% live on $3.10. Poverty in Morocco remains an issue. In 2020, extreme pov-erty, measured using the international poverty line of US$1.9 PPP, will be below 1 percent and poverty measured with the Upper Middle Income Class Poverty Line has a value of US$5.50 PPP. For information, Morocco minimum wage in 2018 on an hourly basis was 13.46 MAD/ hour. According to a 2019 poll by the Arab Barometer research network, about 70 percent of Moroccan young people between the ages of 18 and 29 expressed a desire to emigrate. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. Lower Middle Income Class Poverty Line has a value of US$3.20 PPP Morocco The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Oxfam in Morocco called on the government and institutions concerned to tackle inequality by creating a “sustainable and inclusive development” model that benefits everyone rather than just the elite. International Poverty Line has a value of US$1.90 PPP We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Meanwhile, the death rate from the disease fell from 9.3 per 100,000 people to 8.1 over the same period, again subject to occasional reversals in improvements. December 16, 2019 December 29, 2016 by Louise Gaille. On the demand side, private consumption will contribute the most to growth, boosted by higher salaries and low inflation. Morocco is ranked 53rd out of 190 economies by the World Bank in its Doing Business 2020 report, gaining seven spots compared to 2019, and up by 40 spots from 2012. Despite Morocco's economic progress, high unemployment, poverty and illiteracy continue to plague the country. Population Pyramids: Morocco - 2019. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. Delicious.
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