Economy

Morocco 2020 - Economy

Supported by a favourable geographic location between Africa and Europe, vast array of natural resources and improved business environment, Morocco’s economy has made important strides over the past decade. Investment in export-oriented manufacturing industries is gradually allowing the country to diversify its economic output. In hand with this, years of investment in infrastructure have strengthened transport and logistics links across the country, facilitating domestic and international trade. However, Morocco continues to face a number of economic challenges. Annual growth rates remain intrinsically linked to agricultural production. In addition, persistent unemployment rates, have prevented large segments of the population from joining the middle class, and subsequently spurred the emigration of qualified graduates and professionals abroad. Aiming to avoid economic stagnation and facing growing demand for more inclusive growth, the authorities have focused on leveraging the positive results achieved through past policies for a renovated growth model. This chapter contains interviews with Mohamed Benchaâboun, Minister of Economy and Finance; and Hicham Boudraa, Acting Managing Director, Moroccan Investment and Export Development Agency.

Previous chapter from this report:
Country Profile, from The Report: Morocco 2020
First article from this chapter and report:
Reforms set to help diversify Morocco's economy
Cover of The Report: Morocco 2020

The Report

This chapter is from the Morocco 2020 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Mohamed Benchaâboun, Minister of Economy and Finance
Mohamed Benchaâboun, Minister of Economy and Finance: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×