Morocco
Morocco: a strategic gateway to Africa
Morocco, located at the northwestern tip of Africa, offers a unique blend of stability, growth potential, and strategic access to key markets.
Macroeconomic Indicators
GDP
GDP growth: 4.3% (2024 estimate)
GDP per capita: $3,371 (2023)
Public Finances
Public debt: 69.7% of GDP (2023)
Budget deficit: -4.7% of GDP (2023)
Other Indicators
Key interest rate: 2.5% (December 2024)
Consumer confidence index: 46.2 (September 2024)
Exchange rate: 1 USD = 10.09 MAD (January 2025)
Foreign Trade
Trade balance: -27.2 billion dirhams (October 2024)
Current account: -2.8% of GDP (2023)
Unemployment
Unemployment rate: 13.6% (September 2024)
Inflation
Inflation rate: 0.8% (November 2024)
Key Industries
Automotive
Morocco has become a major player in the automotive industry in Africa, with the presence of manufacturers such as Renault and Stellantis. The production of vehicles and automotive components is growing strongly, driven by exports to Europe and Africa.
Aeronautics
Morocco has established itself as an attractive platform for the aeronautics industry, thanks to a skilled workforce, competitive costs, and geographical proximity to Europe. Many international companies, including Boeing and Airbus, have set up production and maintenance plants there.
Textile
The textile sector is a traditional pillar of the Moroccan economy. It focuses on the production of clothing, fabrics, and accessories, mainly for export.
Agri-food
Morocco is a major agricultural producer, particularly of citrus fruits, fruits and vegetables, and cereals. The agri-food industry processes these products for the local market and for export.
Tourism
Morocco is a popular tourist destination, attracting visitors from all over the world thanks to its rich culture, varied landscapes, and pleasant climate.