Morocco's gross domestic product decreases in 2020
(MENAFN)Morocco's High Commission for Planning (HCP) reported that Morocco's gross domestic product (GDP) dropped by 7.1 percent in last year among Coronavirus pandemic.
It further declared that, Morocco�s GDP declined by 6 percent annual, in the fourth quarter of last year.
The agricultural sector dropped by 7.3 percent in Q4 and non-agricultural sectors by 5.5 percent, according to the report.
Household consumption dropped by 4.3 percent in Q4 and 3.2 percent in previous year in light of the effects of the restrictions, and lockdowns.