Horizon Morocco

"Morocco has established itself in recent decades as a regional economic hub. The country is now a leading industrial hub, notably thanks to the success of the automotive sector, a true driver of its international growth. Faced with new economic challenges, the country aims to be at the forefront in key and promising sectors such as low-carbon industry, digital technology, agri-food, and green hydrogen, driven by strong national players. With the 2030 World Cup in its sights and more than $100 billion in planned investments, Morocco is entering a new phase of acceleration. It thus offers fertile ground for Franco-Moroccan partnerships and investments."

Mael MBAYE
Regional Manager – MENA, Türkiye and Central Asia – Bpifrance

KEY FIGURES

• Population : 37,7 million inhabitants
• GPD : 166 billion (in USD)
• 61ème world economic power
• Currency : Moroccan Dirham
• Exchange rate regime : anchor

COUNTRY RISKS

• Growth vulnerability : Despite diversified economic activity, with a booming industrial sector, the economy remains highly dependent on the performance of the agricultural sector, which is particularly exposed to climatic hazards.
  Climate vulnerability : Morocco is vulnerable to climate risks (water stress, dependence on coal, etc.)
• Inequality : Significant regional and income inequalities tend to fuel social risk (high unemployment) and limit income expansion.
• Vulnerability of public accounts : The country is expected to enter a phase of consolidation of its public finances in 2025. Sovereign risk remains moderate at this stage.

AREA OPPORTUNITIES

• Growth outlook GDP growth is expected to average 3,3% per year by 2028, according to the IMF. In the short term, infrastructure development in preparation for the 2030 FIFA World Cup is expected to boost activity.
• Political and social stability : Morocco offers political and social stability that is favorable to foreign investment, supported by incentive measures such as the Tahfiz Program for startups.
• Strategic geographical position : Located between Europe, Africa and the Arab world, Morocco is a gateway to Africa, with a cultural and geographical proximity which facilitates exchanges with France.
• Growth sectors Opportunities in aeronautics, automotive, electrical, agriculture, and transportation. Morocco has significant solar resources, favorable to the development of renewable energies.

To discover the full content, check out our edition Horizon Morocco.