Tuesday, February 1, 2011

Morocco, Rabat - Cost of Living

The economy of Morocco is considered a relatively liberal economy. The services sector accounts for just over half of GDP and industry, made up of mining, construction and manufacturing, is an additional quarter. The sectors who recorded the highest growth are the tourism, telecoms and textile sectors. Morocco , however, still depends on agriculture which accounts for only around 14% of GDP but employs 40-45% of the Moroccan population.

Rabat is the capital of the Kingdom of Morocco. Tourism and the presence of all foreign embassies in Morocco serve to make Rabat the second most important city in the country after the larger and more economically significant Casablanca.

Rabat has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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