Macroeconomic Outlook Report - Morocco

Macroeconomic Outlook Report - Morocco


According to GlobalData 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 GlobalData 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.


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.

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
List of Tables
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)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings