The engines of the Morocco economy are as follows:
Agriculture: An estimated 45% of the national workforce is employed in this sector and it accounts for approximately 30% of total exports. The sector is vulnerable to drought and its contribution to GDP can vary dramatically depending on weather.
Tourism: This sector accounts for around 8% of GDP and is one of the largest foreign exchange earners. The country is becoming an increasingly competitive destination for European travel. The government is committed to large-scale investment in the tourism sector in the coming years. It is targeting a boost in tourist visitor numbers to 10 million by 2010, from 2.5 million in 2001.
Phosphates and Mining: The strongest point of Moroccan industry is phosphate mining near Khouribga and in Western Sahara. It is the world's third-largest producer of phosphates and is estimated to hold nearly 75% of the world's known phosphate reserves. The government is keen to expand mining and processing operations, particularly through joint-venture projects with European and Asian companies.
Fishing: New fishing ports are planned as part of the government's aim to increase the sector's contribution to GDP. Major investment is also expected to modernize the existing fleet of fishing boats, upgrade ports, and add value to fishing resources through handling and processing services.