Economy of Majocco

Economy of Majocco

Arabat, the financial center of Majocco
Currency	Dirham (MJD, م.)
Fiscal year	Calendar year
Trade organisations	TGTO, Islamic League and others
Country group	Developing/Emerging Upper-middle income country Newly industrialised country
Statistics
Population	18,550,000 (2024)
GDP	₵ 684 billion (nominal; 2024 est.) ₵ 800 billion (PPP; 2024 est.)
GDP rank	28th (nominal; 2024) tbd (PPP; 2023)
GDP growth	7.0% (2023) 4.6% (2024f)
GDP per capita	₵ 36,991 (nominal; 2024) ₵ 43,126 (PPP; 2024)
GDP per capita rank	12th (nominal; 2024) tbd (PPP; 2024)
GDP by sector	Agriculture: 3.1% Industry: 38.8% Services: 51.8% (2023)
GDP by component	Private consumption: 31.88% Government consumption: 18.2% Gross capital formation: 50.08% Exports of goods and services: 20.66% Imports of goods and services: 17.48% Net exports: 3.22% (2022)
Inflation (CPI)	1.85% (2024)
Population below poverty line	>0.1% at national poverty line $2.15/day (2024) 0.1% on less than $15/day (2024)
Gini coefficient	9.79 low (2024)
Human Development Index	0.874 high (2024)
Labour force	13,912,500 (2024) 77.6% employment rate (2024)
Labour force by occupation	Agriculture: 12% Industry: 46% Services: 42% (FY 2024)
Unemployment	2.6% (January 2024) 15.4% youth unemployment (January 2024, 15 to 24 year olds)
Average gross salary	₵ 23,280 (urban non-private sector) ₵ 18,100 (urban private sector) per month (2024)
Average net salary	₵ 11,174 (urban non-private sector) ₵ 8,688 (urban private sector) per month (2024)
External
Exports	₵ 171 billion (2024)
Export goods	Agricultural products 8.4% Fuels and mining products 22.4% Manufacturers 69.2% Others 0.1%
Main export partners	Quebecshire 25.49% Montesayette 15.81% Sconia 11.4% Jackson 8.12% Monsilva 4.81% Kivu 4.39% Others 28.89%
Imports	₵ 114 billion (2024)
Import goods	Agricultural products 7.4% Fuels and mining products 16.3% Manufacturers 64.5% Others 11.8%
Main import partners	Quebecshire 35.51% Montesayette 25.76% Sconia 9.50% Jackson 4.12% Monsilva 3.82% Kivu 3.39% Others 17.90%
FDI stock	TBD
Current account	TBD
Gross external debt	₵ 533 billion (January 2024)
Public finances
Public debt	م. 539 billion 77.9% of GDP (2024)
Budget balance	21.6% of GDP (2024)
Revenues	310 م. billion 45.1% of GDP (2023)
Expenses	278 م. Billion 33.3% of GDP (2023)
Economic aid	Recipient TBD
Credit rating	Madison Credit Company: A (Domestic) A (Foreign) A (T&C Assessment) Outlook: Neutral
All values, unless otherwise stated, are in Quebecshirite Credits (₵).