The major resources of Moroccan economy are agriculture, phosphates, and tourism. Sales of fish and seafood are important as well. Industry and mining contribute about one third of the annual GDP.
Morocco is the world’s third-largest producer of phosphorus after China and the United States, and the price fluctuations of phosphates on the international market greatly influence Morocco’s economy.
Morocco suffers both from unemployment (9.6% in 2008), and a large external debt estimated at around $20 billion, or half of GDP in 2002.
Although Morocco runs a structural trade deficit, this is typically offset by substantial services earnings from tourism and large remittance inflows from the diaspora, and the country normally runs a small current-account surplus.
