Morocco PESTLE Insights - A Macroeconomic Outlook Report

Morocco PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities sector contributed 22.7% to the gross value added (GVA) in 2021, followed by the agriculture sector (12.6%), and wholesale, retail and hotels sector (11.2%). In nominal terms, the three sectors are expected to grow by 3.4%, 4.8% and 3.8%, respectively, in 2022.

Rabat and Casablanca are the major cities of Morocco which contributed 15.9% to the country’s GDP and comprised 11.4% of the country’s population in 2021, according to the GlobalData’s city database

The Morocco MCSINDEX index has exhibited a decreasing trend. As of December 2, 2022, the Index stood at 22,073.2, compared to 26,933.6 on December 2, 2021.

Scope

• Morocco’s National Airports Office (ONDA) to invest $368.3 million in 2023 to support growth of airports in Marrakech, Agadir, and Tangier.

• 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.