According to the analyst, 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 the analyst.
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.
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 the analyst.
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.
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.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates and US Tariff Impacts
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Morocco’s Performance in Terms of The Country’s Risk Analysis in Comparison to Middle East and Africa and the World
- Exhibit 2: Performance Overview (Score: 0-100)
- Exhibit 3: Broad Categories and Weights Behind The Index
- Exhibit 4: CFG 25, (April 2024 - April 2025)
- Exhibit 5: Key Sectors’ Contribution to the Economy (2020-27f)
- Exhibit 6: FDI Inflows, FDI Outflows, FDI Inward Stock, and FDI Outward Stock (2019-23)
- Exhibit 7: Greenfield FDI Projects and Net Cross-border M&A Sales (2019-23)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate (2020-27f)
- Exhibit 10: Real GDP Growth Rate Comparison (2024)
- Exhibit 11: Volume of Export and Import of Goods and Services Growth (2020-27f)
- Exhibit 12: Current Account Balance (2020-27f)
- Exhibit 13: Top Three Commodity Exports, % of Total Exports (2019-24)
- Exhibit 14: Fertilizers Export, % of World Total Exports (2024)
- Exhibit 15: Interest Rates (April 2024 - April 2025)
- Exhibit 16: Exchange Rate and Inflation (2020-27f)
- Exhibit 17: Public Finance (2020-27f)
- Exhibit 18: General Government Debt (2020-27f)
- Exhibit 19: Unemployment Rate (2020-27f)
- Exhibit 20: Labor Force Participation Rate (2020-27f)
- Exhibit 21: Labor Cost Index (2020-27f)
- Exhibit 22: Rural-Urban Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 23: Age-group Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 24: Gender Split (2015, 2020, 2025f, 2030f)
- Exhibit 25: Internet Users as a Percentage of Total Population, Mobile and Broadband Penetration Rates (2024)
- Exhibit 26: Number of Patents Granted Per Million Population (2023)
- Exhibit 27: High-Technology Exports, % of Manufactured Exports (2023)
- Exhibit 28: Rule of Law Index (Rankings) 2024
- Exhibit 29: Corruption Perceptions Index (Rankings) 2024
- Exhibit 30: Renewable Energy, Installed Capacity (2020-24)
- Exhibit 31: CO2 Emissions (2019-23)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BMCE Bank
- AKWA
