Morocco Economic Outlook

  • Morocco is posting more balanced macroeconomic results with a budget deficit of 4.3% of GDP in 2015 and a clear improvement in foreign exchange reserves to about seven months of imports at the end of the year.
  • The government is continuing its reforms and major investments (Nador West Med port, TGV high-speed train, Noor solar complex, Kenitra Atlantique port) to improve the business climate and attract foreign investors as drivers of innovation and value-added.
  • Territorial reform and successful regional and local elections held in 2015 bode well for the introduction of a new dynamic in governance and local development, allowing towns and cities to be developed in a more sustainable way.

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Key Facts

Capital: Rabat
Area: 712,550 sq km
Total Population 2015: 33.0 Million
Urban Population 2015: 57.76%
Female Population 2015: 50.64%
GDP: US$ 107.6 Billion
GNI Per Capita 2015: US$ 2,960
Inflation Rate: 1.88%
Crude Birth Rate (per 1000): 22.71%
Human Development Index (rank / 187): 130
Human Development Index (scale 0 to 1): 0.591
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 7.5 Billion

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Morocco Field Office

African Development Bank Group
No 30 lotissement Al-Andalous, Hay Ryad, Rabat, Morocco
BP 21555 Rabat Annakhil,

Tél : (+212) 530177300/530177309
Fax : (+212) 530177360

Mrs Yacine FalResident Representative

Department North Africa Region

Director North Africa Region, Mr. Jacob Kolster

African Development Bank Group
Immeuble Zahrabed
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia

Tel: (+216) 71102953
Fax: (+216) 71194523