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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