Report: Morocco ranks 1st in North Africa in recent prosperity index, 96th globally

The Kingdom of Morocco came in at 96th place globally out of 167 countries in the 2023 Prosperity Index, scoring 55.19 and topping the charts in North Africa, according to the Legatum Institute.

Since 2011, Morocco has climbed 5 spots on the Legatum Prosperity Index, moving from 100th place to 97th place in 2022 and now to 96th place in 2023.

The notion of prosperity in this report encompasses an inclusive society with a strong social contract, an open economy harnessing ideas for sustainable growth, and empowered individuals promoting societal well-being.

The Legatum Prosperity Index assessed the efforts of 167 countries, employing 12 key building blocks of prosperity, namely safety and security, personal freedom, governance, social capital, investment environment, enterprise conditions, infrastructure and market access, economic quality, living conditions, health, education, and natural environment.

The recent report highlighted that Morocco excelled in the Investment Environment Index, securing the 55th position, placed 57th in Infrastructure and Market Access, and ranked 62nd in safety and security. However, the weakest performance was witnessed in social capital, where it came in at 162nd place.

The 2023 Legatum Prosperity Index placed Tunisia 99th globally and second on the African continent, followed by Algeria in the 109th place, Egypt at 121st, Libya at 146th, and Mauritania at 154th.

On the global stage, Scandinavian countries led the list, with Denmark ranked 1st, followed by Sweden, then Norway, and finally Finland.

In the Mena region, Israel ranked 33rd, the United Arab Emirates ranked 45th, followed by Qatar at 46th, Kuwait at 60th, Bahrain at 62nd, Oman at 67th, and Saudi Arabia at 79th. However, South Sudan ranked last in the 2023 Legatum Prosperity Index, at 167th place.

In Africa, Mauritius led the way, ranking 47th, followed by Seychelles at 51st, and South Africa in third spot at 75th.