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Keywords: Economic Growth


Morocco's Fiscal Deficit Narrows Significantly to MAD 1.18 Billion in April

Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......

A Thriving Entrepreneurial Landscape: Over 16,000 New Businesses Established by End of February

In a remarkable display of entrepreneurial dynamism, Morocco has witnessed the establishment of 16,171 new businesses across the nation by the end of February. This surge in enterprise creation highlights the country's vibrant economic landscape and the unwavering spirit of its entrepreneurs. According......

Moroccan Diaspora Boosts Economy with $2.7 Billion in Remittances

Morocco's strategic efforts to engage its diaspora have paid off significantly, with $2.7 billion in remittances received by the end of March 2024. Although slightly lower than the same period last year, this substantial inflow underscores the crucial role that Moroccans living abroad play in driving......

Morocco Takes the Wheel as Regional Automotive Powerhouse

In a remarkable success story, Morocco has firmly established itself as a regional leader in the automotive industry, driven by sustained growth and an unwavering commitment to excellence. With more than 250 suppliers and equipment manufacturers, Morocco's automotive ecosystem has proven its resilience,......

Tourism in Morocco Surges with 3.3 Million Arrivals in the first Quarter of 2024

Tourism arrivals in Morocco surged to 3.3 million individuals by the end of the first quarter of 2024, marking a remarkable 12.8% increase compared to the same period a year prior, as reported by the Directorate of Studies and Financial Forecasts (DEPF). "For the beginning of 2024, the key indicators......

The Automotive Industry: Morocco's Economic Powerhouse

In recent years, the automotive industry has emerged as a driving force behind Morocco's economic growth. Within a relatively short span, the sector has transformed into the nation's foremost industrial domain, attracting numerous foreign industry leaders specializing in the manufacturing of......

Morocco's Mid-Term Government Report: Achievements and Challenges at a Glance

Morocco's long-awaited mid-term government report has delivered an in-depth analysis of achievements and ongoing challenges. Prime Minister Aziz Akhannouch's address to the bicameral parliament on Wednesday outlined the administration's priorities, presenting a comprehensive overview of Morocco's......

Morocco's Economy Anticipated to Expand by 3.1% in 2024 Despite Inflationary Pressures

Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......

Moroccan AI Landscape Garners International Attention as Firms Seek to Foster Ecosystem Development

The United States is eager to collaborate closely with Morocco to facilitate trade, investment, and digital transformation, with the aim of driving economic growth. In a recent effort to explore Morocco's Artificial Intelligence (AI) landscape and promote its ecosystem development, the American Chamber......

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