Key investment sectors in Morocco

Manufacturing industry sector

The industry sector contributes 17.5% of the total value added at current prices and 60.2% of those relating to secondary activities between 2008 and 2017, employing more than 1.1 million people in 2016, or 10.4% of the employed labor force.

Agriculture Sector

The primary sector plays an important economic, social and environmental role in our country. It represented nearly 13.9% of the total values added to current prices during the period 2008-2017, 12.9% for agriculture and 1% for fishing. It employed more than 4 million people in 2017, or 38.7% of the employed labor force. 

Energy sector

Faced with uncertainty The energy sector contributes 2.2% of the total value added at current prices and 7.4% to those relating to secondary activities between 2008 and 2017. It directly employs more than 44.7 thousand people in 2016, i.e. 0.4% of the employed labor force.

Marine fisheries sector 

The marine fisheries sector contributes 1% to the total of values added at current prices and 7.3% to those relating to primary activities between 2008 and 2017. In 2017, the coastal fishing departments increased to 1310 million against 918 in 2016 and MAD 7,285million against 6,753 a year earlier.

Telecommunications sector

The telecommunications sector contributed 3.1% of the total value added at current prices and 5.4% to those relating to tertiary activities between 2008 and 2017. In 2017, the sector had more than 46 million subscribers (telephone fixed and mobile) and 22million Internet users.

Tourism sector

The tourism sector contributes 6.6% to the national GDP in 2017, a slight increase compared to 2016 (6.2%). The sector continues to attract significant revenues estimated at 69.7 billion dirhams, and to attract 11.35 million tourists, or 14.6% more than 22 million overnight stays in classified hotels in 2017.

Logistics sector

The transport sector contributes 4% of the total value added at current prices and 7% to those relating to tertiary activities between 2008 and 2017. This sector employed nearly 500,000 people in 2016, i.e. 4.6% of the working population. , including 6.8% in urban areas. 

Mining sector 

The mining sector contributes 3.2% to the total value added at current prices and 11.1% to those relating to secondary activities between 2008 and 2017. It directly employs more than 53.9 thousand people, i.e. 0. 5% of the employed labor force in 2016.s of GDP in 10 years. 

Water sector 

Drinking water production in Morocco was 1,168 million m3 in 2017, with a portfolio of 140 large dams with a total storage capacity of 17.6 billion m3. These infrastructures have allowed almost general access to drinking water in urban areas and an access rate of about 96% in rural areas, irrigation of nearly 1.5 million hectares and protection against flooding of vast areas.

Insurance sector  

The penetration rate (the share of insurance premiums in GDP) has improved since 2015, from 3.2% to 3.7% in 2017, with 1.6% from life insurance and 2, 1% for non-life insurance. With this rate, Morocco occupies the 41st place in the world instead of the 43rd in 2016, the 1st rank in the Arab world and occupies the 3rd place after South Africa and Namibia.

Construction and public works sector

The building and public works sector contributed 6.2% of the total value added at current prices and 21.3% to those relating to secondary activities between 2008 and 2017. It employed more than one million people in 2017, i.e. 9.8% of the employed labor force, including 11.2% in urban areas.

Banking sector

In 2017, the overall Net Banking Product (NBI) fell to 46 billion dirhams and 1,271 billion dirhams for the total balance sheet. The total deposits collected amounted to 901 billion dirhams and 744.6 billion dirhams for the loans granted.