Morocco has developed a diverse, open, market-oriented economy. Since 1999, the country has seen steady growth, low inflation and gradually falling unemployment. 2012 did see an economic slowdown due to a poor harvest and economic difficulties.
To boost exports, the country entered into a bilateral Free Trade Agreement with the USA in 2006 and an Advanced Status agreement with the EU in 2008.
Despite progress, the country does still suffer from high levels of unemployment, poverty and illiteracy, particularly in their more rural areas. In 2013, Morocco capped some of its fuel subsidies to try and reduce its budgetary deficit.
Composition of GDP (2013)