NEWS

This page aims to share information and reflections about a variety of subjects

Economic growth

According to the HAUT-COMMISSARIAT AU PLAN (HCP), the Moroccan economy registered a growth rate of 4% in 2017 in comparison with only 1,2% in 2016. For 2018, the economic growth rate should be around 2,8%.
The added value of the primary sector will decrease by 1,3% in 2018 meanwhile it grew by 13,6% in 2017. On the other hand, non-agricultural activities should pick up slightly and pass from 2,8% in 2017 to 2,9% in 2018.
The HCP also predicts that the commercial deficit will grow from 17,8% in 2017 to 18,2% in 2018.

Inflation

According to the Moroccan central bank, the average inflation rate reached 0,7% in 2017, in comparison with 1,6% one year earlier. Its core components, that measure the fundamental tendency of prices, should accelerate from 0,8% to 1,3%. On the mid-term, inflation should stabilize at 1,5% in 2018 and at a level of 1,6% in 2019.
Underlying inflation should follow an upward tendency to reach 1,5% in 2018 and 1,9% in 2019, under the effect of consolidation of internal demand and the increase of imported inflation.

Unemployement

On a national level, the unemployment rate Rose from 9.9% in 2016 to 10.2% in 2017, registering an increase to 14.7% in urban areas and a stagnation at 4% in rural areas.
The highest unemployment rates are found among women with 14.7%, young people aged 15 to 24 with 26.5% and graduates with 17.9%.
Between 2016 and 2017, the Moroccan economy created 86,000 jobs, 32,000 in urban areas and 54,000 in rural areas. In detail, 42,000 jobs were created in the agriculture, forestry and fisheries sector, 26,000 in services, 11,000 in the construction and civil works sector and 7,000 in the industry, including handicrafts.

Public debt

The outstanding debt of public treasury is estimated to be 65.1% of GDP in 2017 compared to 64.6% in 2016. Considering the guaranteed external debt, the public should reach 81.6% of GDP in 2017 compared to 80.9% in 2016

Finance bill 2018

The Finance bill for the year 2018 was prepared in an international context characterized by global growth, supported by the positive results of both the American and the Japanese economies, the favorable perspectives of emerging countries economies’ and the gradual recuperation of economic dynamism among Morocco’s main European partners.

This favorable environment should benefit the dynamism of the Moroccan economy in the year 2018.

The government aims, through the implementation of this Finance bill, to achieve a growth rate of 3.2% and to reduce the budget deficit to 3% of GDP, based on assumptions setting cereal production at 70 Million quintals and the average price of butane gas at US $380/T.

Based on the agreed reference framework and on the national and international context, the Finance Bill 2018 sets out the following priorities:

– Support of social sectors: Education, healthcare and employment and reducing geographic disparities while giving a special interest to rural areas;
– To develop industrialization, encourage private investment and support small and medium-sized enterprises (SMEs);
– The widespread implantation of advanced regionalization;
– Reforming public administration, improving good governance and accelerating the implementation of reforms.

Trade fairs and expositions

February 2018

– SIEL, Casablanca, 9 – 18 February 2018, (www.salonlivrecasa.ma)
– PHOTOVOLTAICA, Casablanca, 13 – 15 February 2018 (www.photovoltaica.ma)
– CIFAC, Casablanca, 14 February 2018 (www.cifac.ma)
– SOLAIRE EXPO, Casablanca, 27 February – 1 March 2018, (www.solaireexpomaroc.com)

March 2018

– MEDICAL EXPO, Casablanca, 1 – 4 March 2018 (www.medicalexpo.ma)
– MAROCOTEL, Casablanca, 14 – 17 March 2018, (www.marocotel.org)
– MOROCCO STYLE & TEXTILE, 28 – 31 March 2018 (www.moroccostyle.net)

April 2018

– BEAUTY EXPO, Casablanca, 4 – 8 April 2018 (www.moroccobeautyexpo.com)
– SIFEP, Casablanca, du 5 – 8 April 2018 (www.sifep.ma)
– BIG 5, Casablanca, du 10 – 12 April 2018 (www.thebig5constructnorthafrica.com)
– AUTO EXPO, SALON DE L’AUTOMOBILE DE CASABLANCA, 9 – 22 april 2018
– SOUTRAITANCE AUTOMOBILE, Tangier, april 2018 (www.sous-traitance-automobile.com)
– SISTEP, Casablanca, 12 – 15 april 2018 (www.sistep.ma)
– SIMC, Casablanca, 17 – 19 april 2018 (www.simc-maroc.com)
– SIAM, Meknes, 24 – 28 april 2018 (www.salon-agriculture.ma)
– PRÉVENTICA, Casablanca, 26 – 28 april 2018 (www.preventica.ma)
– MARRAKECH AIRSHOW, 27 – 30 april 2018, (www.marrakechairshow.com)

May 2018

– SICCAM, Casablanca, 3 – 5 May 2018 (www.siccam.com)
– LOGISMED & EUROLOG, Marrakech, 9 – 11 May 2018 (www.logismed.ma)

June 2018

– MAHAL EXPO HALAL, BENI MELLAL, 29 – 30 June 2018 (www.mahalexpo.com)

September 2018

– MAROCARNE & MILK, Casablanca, 20 – 22 September 2018 (www.marocarne-milk.com)
– MAROC STONE FAIR, 11 – 13 September 2018 (www.marocstonefair.com)
– CFIA, Casablanca, 25 – 27 September 2018, (www.cfia-maroc.com)
– KIMIA AFRICA, Casablanca, September 2018 (www.kimia-africa.com)

October 2018

– POLLUTEC, Casablanca, October 2018 (www.pollutec-maroc.com)
– COSMETISTA EXPO, 13 – 16 October 2018 (www.cosmetistaexpo.com)
– SALON DU CHEVAL, El Jadida, 16 – 21 October 2018, (www.salonducheval.ma)
– ELEC EXPO, Casablanca, 24 – 27 October 2018, (www.elec-expo.com)
– PACK 2 PACK MOROCCO, Casablanca, October 2018 (www.pack2packexpo.com)
– PLANETE MAMAN BEBE, Casablanca, October 2018 (www.planetemamanbebe.ma)

November 2018

– VISA FOR MUSIC, Rabat, 21 – 24 November 2018 (www.visaformusic.com)
– SIB, Casablanca, 21 – 25 November 2018 (www.sib.ma)
– SIAB, Casablanca, 21 – 24 November 2018 (www.siabexpo.com)
– MED-IT, SKHIRAT, 27 and 28 November 2018 (www.med-it.com)
– SIFEL – MAFEX, Agadir, November 2018 (www.mafex-morocco.com)
– MIDEST MAROC, Casablanca, November 2018 (www.midest-maroc.com)

December 2018

– CBHEXPO, Casablanca, du 1 au 3 December 2018 (www.cbhexpo.com)
– MOROCCO FOODEXPO, du 1 au 3 December 2018 (www.moroccofoodexpo.com)

Links and interesting web pages

Moroccan government and public agencies

National web page of the Kingdom of Morocco www.maroc.ma
Invest in Morocco www.invest.gov.ma
Moroccan centre for export promotion www.marocexport.ma
Customs and indirect taxes administration www.douane.gov.ma
National agency for the promotion of small and medium companies www.anpme.ma
General Confederation of Moroccan Businesses www.cgem.ma