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Morocco's Economy

Morocco at a Glance

An overview of Morocco, a North African country of about 37 million people just 14 km from Spain, and its strategy of becoming a manufacturing and logistics hub.

Morocco has about 37 million people.

Location

At the Strait of Gibraltar, only about 14 km from Spain.

Strategy

Morocco aims to be a bridge between Europe and Africa through:

  • Manufacturing, especially cars and aircraft parts.
  • Ports and logistics.
  • Renewable energy.

Traditional strengths

  • Phosphates.
  • Agriculture.
  • Tourism.

Trade deals

Morocco has agreements with the EU and a free trade agreement with the US (2006).

Challenges

Rural poverty, youth unemployment and droughts.

The ferry

Trucks cross by ferry from Tangier to Spain in about an hour, carrying Moroccan-made car parts and vegetables.

Thinking Morocco is only a tourist destination

It's an industrial hub too.

Key takeaways
  • Morocco has about 37 million people.
  • It's about 14 km from Spain.
  • It aims to be a Europe-Africa bridge.
  • Droughts and youth jobs are challenges.
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