The High Commission for Planning (HCP) published on Wednesday the main points of the 2025 budget. Among other things, we learn that the economic growth of the kingdom should stand at 3.8% this year.
Money transfers made by Moroccans residing abroad (MREs) not only contribute significantly to Morocco’s GDP, but also represent a real safety valve for families.
The international rating agency Moody’s Rating confirmed Morocco’s Ba1 rating on Friday, noting that the kingdom’s economic outlook "remains stable".
Tourism accounts for about 7% of GDP and generates more than 500,000 direct jobs, or about 5% of Morocco’s active population. This is what emerges from the latest World Bank report on the economic situation in Morocco.
According to the ranking of an American financial news site, Morocco is among the 20 most indebted countries to the International Monetary Fund (IMF).
Morocco recorded economic growth of 4.1% in the fourth quarter of 2023, compared to 0.7% during the same period in 2022, reveals the High Commission for Planning (HCP).
In Morocco, sport is a very profitable sector of activity and contributes significantly to GDP.
Fitch Ratings, the American rating agency, has confirmed Morocco’s long-term foreign currency issuer default rating (IDR) at ’BB+’ with a stable outlook.
The organization of the 2030 World Cup by Morocco, Portugal and Spain will certainly have a significant impact on Morocco’s Gross Domestic Product (GDP), which could be between 3 and 5%, says Zaki Lahbabi, CEO of Transatlas Sport Management.
The powerful earthquake that hit Morocco on the night of Friday, September 8 not only caused human and material damage. It is severely affecting the economy of the kingdom, which has been booming for about ten years.
After "a painful recession in the agricultural sector due to a historic drought," Morocco should have economic growth of 3.2% this year, compared to +1.3% last year, and slightly above the average (3%) of the Middle East and North Africa (MENA) region.
Fitch Ratings, the American rating agency, has maintained Morocco’s long-term foreign currency debt rating at BB+ with a "stable outlook".