Partner risk indices

Country Risk Index

45.4

Political Risk Index

42.3

Short-Term Economic Risk Index

45.4

Long-Term Economic Risk Index

49.6

Operational Risk Index

46.4

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

Market overview

• Morocco is in North Africa and is classified by the World Bank as Lower middle income. (World Bank)
• Population: 38.4 million (2025). (World Bank WDI)
• GDP: US$184bn in 2025 (estimate). (IMF WEO)

Economic conditions

• Real GDP growth: 4.9% in 2025 (estimate); the IMF projects 4.5% for 2026. (IMF WEO)
• Average consumer price inflation: 0.8% in 2025 (estimate); projected 0.9% for 2026. (IMF WEO)
• Central bank policy rate: 2.25% (Aug 2026). (BIS)
• General government gross debt: 66.6% of GDP in 2025 (estimate). (IMF WEO)
• Current account balance: -2.4% of GDP in 2025 (estimate). (IMF WEO)
• Government net lending/borrowing: -3.5% of GDP in 2025 (estimate). (IMF WEO)
• Official exchange rate averaged 9.35 local currency units per US dollar in 2025, against 10.13 in 2023: 7.7% more units per dollar fewer (the currency strengthened against the dollar). (World Bank WDI)

Key risks

• Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 45.4 (rank 2 of 53 in Africa, 1 = lowest risk); Political Risk Index 42.3 (rank 5 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 45.4 (rank 5 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 49.6 (rank 12 of 53 in Africa, 1 = lowest risk); Operational Risk Index 46.4 (rank 4 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
• Highest-scoring Partner risk component: labour market risk (54, operational). (Partner Research Partner)
• World Bank governance scores (2025, 0-100, higher is better): control of corruption 38; government effectiveness 56; political stability and absence of violence 56; rule of law 53; regulatory quality 55. (World Bank WGI)
• External debt stocks: 44.8% of GNI (2025). (World Bank WDI)
• Unemployment (modelled ILO estimate): 9% of labour force (2025). (World Bank WDI)

Investment considerations

• Foreign direct investment, net inflows: 1.8% of GDP (2025). (World Bank WDI)
• Domestic credit to the private sector: 79.2% of GDP (2025). (World Bank WDI)
• Trade (exports plus imports): 93.1% of GDP (2025). (World Bank WDI)
• The Meridian holds 598 published records tagged to Morocco. (The Meridian)

Sector snapshot

• Energy and power: access to electricity 100% of population (2024); renewable share of final energy consumption 10.9% (2021). (World Bank WDI)
• Mining and minerals: mineral rents 0.3% of GDP (2021); ores and metals exports 3.8% of merchandise exports (2025). (World Bank WDI)
• Financial services: foreign direct investment, net inflows 1.8% of GDP (2025); domestic credit to the private sector 79.2% of GDP (2025). (World Bank WDI)
• Technology, media and telecoms: internet users 91.2% of population (2024); mobile subscriptions 153.1 per 100 people (2024). (World Bank WDI)
• Agriculture: agriculture, forestry and fishing, value added 10.5% of GDP (2025); employment in agriculture 27.9% of employment (2025). (World Bank WDI)
• Manufacturing and industry: manufacturing, value added 14.9% of GDP (2025); industry (including construction), value added 25.2% of GDP (2025). (World Bank WDI)
• Infrastructure and real estate: urban population 63.1% of population (2025); access to electricity 100% of population (2024). (World Bank WDI)

Recent developments

• Israel new defense office in Morocco : why Algeria is watching (ynetnews.com, 11 Nov 2026) (GDELT)

Data limitations and sources

• Older data, shown with its period and not described as current: Renewable share of final energy consumption (Latest published value is for 2021); Oil rents (Latest published value is for 2021); Mineral rents (Latest published value is for 2021).
• IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
• Sources last checked 15 Nov 2026.

Meridian transactions

• Admaius Capital Partners signs US$40m investment agreement with Morocco’s ABA Life
• African Development Bank prices first Moroccan dirham bond, MAD 1bn seven-year floating rate
• Admaius Capital Partners invests USD 40 million in ABA Life’s operations in Morocco
• Cross Tower, Casablanca Finance City (real estate development)
• Circle Ventures invests in CrissCross’ operations in Africa
• SoPharma acquires a majority stake in Moroccan medical-device distributor CESMA

Meridian articles

• Attijariwafa agrees to take control of Société Générale Ghana as the French bank exits Accra
• Francophone Africa is the biggest unclaimed coverage gap in the African legal market