In 2024, the trade balance between Morocco and Spain reached record levels, consolidating both countries as key trade partners. During the first ten months of the year, Spanish exports to Morocco totaled 10,843 million euros, representing a year-on-year increase of 6.8%. For their part, imports from Morocco to Spain amounted to 8,220 million euros, up […]
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In 2024, the Moroccan labor market underwent a number of changes. The unemployment rate rose slightly, from 13% in 2023 to 13.3%, an increase of 0.3 percentage points. This increase translates into 58,000 more unemployed people, bringing the total to 1,638,000. The agricultural sector was particularly hard hit, losing 137,000 jobs as a result of […]
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In 2024, Morocco’s economy showed signs of recovery and growth in several key sectors. During the third quarter, Gross Domestic Product (GDP) experienced a 4.3% increase compared to the same period last year, marking the best performance since the fourth quarter of 2023. This rebound is attributed to improvements in private consumption, fixed investment and […]
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In 2024, Morocco experienced a notable reduction in inflation, reaching low levels compared to previous years. According to the High Planning Commission (HCP), inflation stood at 0.7% in October 2024, down from 0.8% in September. This downward trend is mainly attributed to the fall in food prices, which declined from 1.2% to 0.7% in the […]
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1. Morocco, Spain and Portugal to host the 2030 FIFA World Cup In December 2024, FIFA officially confirmed that Morocco, Spain and Portugal will jointly host the 2030 FIFA World Cup. This event represents a significant opportunity for infrastructure development and investment attraction in the host countries. Morocco, in particular, is investing in the construction […]
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