Africa Economy

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How can policy reform support private businesses?

Chapter | Fez-Meknes from The Report: Morocco 2019

Boasting a dynamic and diversified economy, the Fez-Meknes region contributed 9.4% to Morocco’s national GDP in 2018, fourth by economic output. Established in 2015 as one of 12 distinct administrative areas, Fez-Meknes covers an area of over 40,000 sq km and forms a crossroads between several prominent economic centres on the country’s coasts. The region, one of the country’s largest by...

Chapter | Economy from The Report: Morocco 2019

While 2018 marked a deceleration from the...

Chapter | Country Profile from The Report: Morocco 2019

Morocco is the 25th-largest country in Africa and has a geographic area of 446,550 sq km. The country’s political capital is Rabat, but the largest city by far, as well as the business and economic capital, is Casablanca, located 85 km from Rabat. The current king, Mohammed VI, came to power in 1999. The country has seen substantial socio-economic changes during the current king’s reign,...

A number of key developments in the country are expected to support economic growth in the coming years. A rapidly improving business environment and infrastructural base, the gradual liberalisation of the local currency and increased investment into export-oriented industries are all set to raise living standards and drive the emergence of a large national middle class.

 

The economy registered positive growth in 2018, albeit at a slower rate than in the year prior. Real GDP expanded 5.4% year-on-year (y-o-y) in the first half of 2018 compared to 7.8% in the same period of 2017, according to the budget statement presented to Parliament in November 2018. Momentum picked up between July and September, when GDP...

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