Macroeconomic Outlook Report - Morocco

Macroeconomic Outlook Report - Morocco

Summary

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.

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.