Morocco is a constitutional monarchy with a democratically elected parliament. Its diverse economy is the fifth-largest in Africa, strategically positioned between Europe and Sub-Saharan Africa. The country's main economic sectors include agriculture, manufacturing (particularly automotive and aerospace), phosphate mining, tourism, and textiles. Morocco has been actively modernizing its economy through infrastructure development, renewable energy projects, and foreign investment attraction, though it still faces challenges with rural development and youth unemployment. Its free trade agreements with both the [[European Union (EU)]] and [[United States of America (USA)]] enhance its role as a regional business hub.