Moroccan economy grows 7.9% in 2024 with corporations driving wealth creation

In a robust economic performance for 2024, Morocco's GDP surged by 7.9% to reach 1,596.8 billion dirhams, with household purchasing power seeing a notable improvement of 5.1 points, according to the High Commission for Planning. Corporations spearheaded wealth creation, contributing 45.7% of GDP, as national disposable income climbed by 7.7%, highlighting significant gains across corporate, household, and public administration sectors.

Moroccan survey reveals growing wealth gap : Middle class falls behind as poverty declines

Between 2014 and 2022, Morocco's households saw an increase in average annual expenditure, with rural areas experiencing slower growth compared to urban areas. Social disparities worsened, with the poorest and wealthiest groups seeing improvements, while the middle class faced stagnation in living standards.

HCP : Average annual households income reached 91,933 dh in 2019 in Morocco

Morocco’s Bank of Africa records a 5% net income increase

Morocco's textile industry is back on track