Services create in 2020 more wealth in Morocco than agriculture, industry

Services in 2020 created more than half of the overall wealth (53.2%) in the Kingdom compared to agriculture or industry, said the High Commission for Planning (HCP) in a report published Monday.

The boom of services as Morocco’s main provider of wealth in the first year of the pendamic was concentrated in the regions of Guelmim, Dakhla, Rabat, and Marrakech, with shares largely superior to those achieved at the national level at 73%, 67.4%, 65.9%, and 61.1% respectively.

However, these regions had the lowest shares of manufacturing activity participation in the creation of regional wealth, according to the same source.

The manufacturing industry, mining, electricity, water, sanitation, waste management, construction and public works represented 26% of GDP at the national level in 2020, said the HCP.

Additionally, 4 regions showed shares above this average, namely the region of Casablanca with 39.6%, Laayoune with 38.2%, the region of Tanger with 32%, and the region of Beni Mellal-Khenifra with 26.5%.

Agriculture and fisheries accounted for 10.7% of GDP at the national level in 2020, said HCP.

The contribution of this sector to the creation of wealth exceeded in the majority of regions the national average, added the same source.

These activities contribute 24.2% to the GDP of the Drea-Tafilalet region, 22.1% to the GDP of the Fes region, 18.6% to the GDP of the Beni Mellal region, 17.1% to the Souss-Massa region, 15.6% for the Dakhla region, 15.5% for the Oriental region, 12.7% for the Marrakech region, and 10.8% to the GDP of the Tangier region.

The Casablanca-Settat region has the lowest share in Agriculture and fisheries with 3.1%, said HCP.

Overall, the national economy amid the COVID-19 pandemic recorded a GDP total volume of MAD 1150.7 billion in 2020, said the same source.

The GDP recorded in 2020 represents a decline of 7.2% compared to the pre-pandemic period of 2019, added HCP.