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Moroccan households face savings challenges amid economic strain, report finds

A recent study by Morocco’s High Commission for Planning (HCP) reveals that only 11.1% of households are optimistic about their ability to save in the upcoming year. The overwhelming majority, 88.9%, indicate they cannot set aside any money, highlighting the persistent financial difficulties faced......

Economic crisis deepens in Morocco as 89% of families unable to save

A recent survey by Morocco's High Commission for Planning (HCP) reveals a stark economic reality facing Moroccan households, with only 11.1% expressing optimism about their ability to save in the coming year. The overwhelming majority - 88.9% of families - see no possibility of building savings as......

Morocco's Economic Pulse: Domestic Demand Drives Growth Amid Infrastructure Push

Morocco's domestic demand demonstrated remarkable strength in the fourth quarter of 2024, posting a 5.4% increase and emerging as a key driver of the nation's economic expansion, according to Morocco's High Commission for Planning (HCP). This robust domestic performance contributed significantly......

Morocco's Industrial Sector Shows Modest Growth as Producer Prices Edge Up in November 2024

Morocco's industrial sector demonstrated subtle economic shifts in November 2024, with the Industrial Producer Price Index Excluding Petroleum Refining recording a modest 0.1% increase, according to recent data from the High Commission for Planning (HCP). The food industry emerged as the strongest......

Morocco Posts 4.3% Economic Growth as Industrial Sector Drives Q3 Performance

Morocco's economy demonstrated resilient growth in the third quarter of 2024, expanding by 4.3% compared to 3% in the same period last year, according to data released by the High Commission for Planning (HCP). The growth trajectory was primarily fueled by robust performance in the secondary sector,......

Morocco Sees Improvement in Education and Illiteracy Rates by 2024

Morocco has made significant strides in education over the past decade, with a notable reduction in illiteracy, particularly among women and rural populations. According to the latest census data from the High Commission for Planning (HCP), the national illiteracy rate dropped from 32.2% in 2014 to 24.8%......

Morocco’s Economy Sees Robust Growth as GDP Climbs 10% in 2023

Morocco's economy demonstrated significant resilience and growth in 2023, with the nation’s Gross Domestic Product (GDP) reaching MAD 1.463 trillion (approximately $146 billion USD), marking a 10% increase compared to the previous year, according to the High Commission for Planning (HCP). Economic......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......

Morocco's Chief Statistician: New Census to Unveil Insights into Moroccan Family Dynamics

The national census of the Moroccan population and housing, conducted in September, is set to offer profound insights into the evolving dynamics of Moroccan families. Officials are eagerly awaiting the results, which are expected to provide a comprehensive understanding of family structures and relationships. The......