According to the estimates, mining, manufacturing, and utilities contributed 24.1% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate, and business activities (17.1%), wholesale, retail, and hotels business activities (15.2%). In nominal terms, the three sectors are expected to grow by 5.5%, 5.3%, and 5.3%, respectively, in 2024.
Rabat and Casablanca are the major cities of Morocco, which contributed 15.9% to the country’s GDP and comprised 11.3% of the country’s population in 2023, according to the estimates.
The CFG 25 Index has been on an upward trend. As of December 12, 2023, the index stood at 23,167.3, compared to 22,698.4 on December 12, 2022.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations.
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Rabat and Casablanca are the major cities of Morocco, which contributed 15.9% to the country’s GDP and comprised 11.3% of the country’s population in 2023, according to the estimates.
The CFG 25 Index has been on an upward trend. As of December 12, 2023, the index stood at 23,167.3, compared to 22,698.4 on December 12, 2022.
Scope
As of January 2024, the Moroccan Ministry of Transport and Logistics planned to build an additional 2,100 miles of expressways and 1,300 miles of highways by 2030 at a cost of $9.6 billion.Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations.
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Morocco’s performance in terms of the country’s risk analysis in comparison to Middle East and North Africa and the World
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: MCSINDEX Index, (December 2022 - December 2023)
Exhibit 5: Key sectors contribution to the economy (2019-26f)
Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
Exhibit 7: Greenfield FDI projects and net cross border M&As sales deals (2018-22)
Exhibit 8: Key infrastructure indicators (2020)
Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
Exhibit 10: Real GDP growth rate comparison (2023e)
Exhibit 11: Volume of exports and imports growth (2019-26f)
Exhibit 12: Current account balance (2019-26f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Fertilizers export, % of world total exports (2022)
Exhibit 15: Interest rates (December 2018 - December 2023)
Exhibit 16: Exchange rate and inflation (2019-26f)
Exhibit 17: Public finance (2019-26f)
Exhibit 18: General government debt (2019-26f)
Exhibit 19: Unemployment rate (2019-26f)
Exhibit 20: Average annual wages (2019-26f)
Exhibit 21: Labor cost index (2019-26f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2022)
Exhibit 28: Rule of law index (rankings) 2023
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy, installed capacity (2019-23e)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BMCE Bank
- AKWA
