Economy of Morocco the private sector, and is a subsidiary of Omnium Nord Africain, the largest privately owned mining group in Morocco. The most recent figures available on the number of research staff in Morocco are those provided by the Ministry of National Education, Higher Education, Professional Training and Scientific Research in its 2002–2003 annual report. According to this report, Morocco had 17 390 research staff in 2002–2003. The majority (58%) were employed in the university sector. Research institutions include the Scientific Institute, founded in 1920 in Rabat, which does fundamental research in the natural sciences, and the Scientific Institute of Maritime Fishing,
Economy of Morocco The high cost of imports, especially of petroleum imports, is a major problem. Morocco suffers both from structural unemployment and a large external debt. Morocco is a fairly stable economy with continuous growth over the past half-century. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s. This is a chart of trend of gross domestic product of Morocco at market prices estimated by the International Monetary Fund with figures in millions