Morocco Economy

One of Africa’s longest-established sovereign states, Morocco has had diplomatic relations with other countries for centuries. It has particularly close ties to the US, as well as to the EU and especially France and Spain. Like many of its neighbours, Morocco is now building stronger trade and investment relations with other emerging markets,...

Morocco’s large diaspora, estimated to comprise up to 15% of the population, has changed considerably since the Second World War when blue-collar workers moved to Europe to help rebuild. Indeed, today the population of Moroccans living abroad increasingly comprises highly-educated young professionals.

At the north-west corner of Africa, just 15 km from Europe across the Strait of Gibraltar, Morocco has a strategically important location and for centuries has been a blend of cultures. Arab, Berber, European and African influences are all part of the country’s unique heritage, which has become famous worldwide thanks to millennia of trade,...

LANGUAGE: While classical Arabic and Amazigh are Morocco’s official languages, the most commonly spoken is the local dialect, Darija. French is also spoken in business, government circles, schools and universities. It is frequent to hear people mixing Arabic and French when speaking. Different...

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Morocco’s trade balance improved substantially in 2014 and is set to perform better still in 2015 thanks to factors such as lower oil prices and improving conditions in major export markets, though it is set to maintain a large trade deficit for the foreseeable future. Levels of inward foreign direct investment (FDI) have grown substantially...