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$ 10.7 billion in economic losses

by Webdo
Wednesday 13 September 2023 12:14
in international

The preliminary estimates of economic losses of up to 8% of Morocco’s GDP, or about $ 10.7 billion.

Pending the official statement of the State on the damage caused by the earthquake of Al Haouz, American experts provided their first estimates.

According to the United States Geological Survey (USGS), an American agency, an earth science expert, Morocco could see its economic losses climb up to 8% of its gross domestic product (GDP), or $ 10.7 billion.

Morocco’s GDP in 2022 is estimated at $ 134.18 billion according to the World Bank data.
But although the expertise of the USGS is recognized worldwide, some economic specialists believe that the agency’s projections would be swollen.

Other more optimistic projections evoke a cost of post-seconding reconstruction representing 2% of national GDP, a budget of 2.7 billion dollars.

Until 1:00 p.m. Tuesday, September 12, the provisional assessment of the victims of the earthquake of Al Haouz reported 2,901 dead, of which 2,884 were buried, and 5,530 injured.

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