Macroeconomic Outlook Report: Morocco

Macroeconomic Outlook Report: Morocco

Summary

According to GlobalData, mining, manufacturing, and utilities contributed 31.8% to the gross value added (GVA) in 2024, followed by other services (22.2%) and wholesale, retail, and hotels business activities (14.6%). In nominal terms, the three sectors are expected to grow by 3.7%, 10.3%, and 4.8%, respectively, in 2025.

Rabat and Casablanca are the major cities of Morocco, which contributed 16.7% to the country’s GDP and accounted for 11.2% of its population in 2024, according to GlobalData.

On February 26, 2025, Marsa Maroc announced that it secured a 25-year contract to operate a second terminal at Nador West Med Port, featuring an 18m depth and a 1,440m quay. The initial investment for the terminal will be EUR280 million ($304.3 million). This initiative intends to strengthen Morocco’s position in global supply chains, complementing existing facilities such as Tanger Med Port.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• 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.