Morocco Economy Fast Facts and Summary

Morocco has been the fastest growing economy in North Africa over the last decade, posting positive rates for 20 years until last year, despite the global slowdown since 2008.

Morocco was thereby able to record an average annual growth rate of 4% in the period 2004-2015, almost double the regional average of 2%.

In order to maintain the region's leadership in economic growth, Morocco has been implementing measures to reduce bureaucratic barriers to investment, stimulating capital investment in infrastructures and encouraging the establishment of Small and medium-sized enterprises.

Morocco has an extensive network of trade agreements (which generate opportunities to develop our exports).

The country currently has trade agreements with the main economies of the world, such as China, the United States and the European Union. Morocco also belongs to trade blocks such as the Economic Community of West African States. 

The Main Economic Activities in Morocco

Morocco’s economy is one of the most stable in Africa. The main economic activities are tourism, logistics, finances, Agriculture, phosphate, construction, textiles and automobile manufacturing.

Laboure Force By Occupation

-Services: 42%

-Agriculture: 38%

-Industry: 20%

Morocco Trade, Exports and Imports

Morocco Exports : citrus fruits, motor vehicles, vegetables, fish, phosphates, clothing and textiles, petroleum products.

Morocco Imports : gas and electricity, transistors, Crude petroleum...

Morocco Main Export Partners : Spain 22%, France 20%, United States 6%, India  4.2%, Italy 4%

Morocco Main Import Partners : Spain 13%, France 12%, China 9%, United States 7%, Germany 6%, Italy 5.5%, Russia 4.5%, Turkey 4%.

About Morocco Agricultural Products

Morocco is one of the top agricultural producers in Africa.

Major export markets include Morocco's neighboring countries, as well as several Asian and European countries, and the United States.