Morocco ranks among the top 5 countries that have most improved their business environment over the past two decades, according to the Economist Intelligence Unit (EIU) index.
Between 2003 and 2023, Morocco ranked fourth out of 82 countries that managed to significantly improve their business climate, according to the ranking published by the EIU in a report. Morocco comes in first place in the Middle East and North Africa region, according to the British think tank.
Since the early 2000s, Morocco has been pursuing a program of economic restructuring aimed at improving living standards, reducing unemployment, and stimulating growth, the EIU notes.
Successive Moroccan governments have worked to attract foreign investment by, in particular, reducing bureaucracy, modernizing the financial system, and privatizing certain sectors such as telecommunications, the same source continues.
For the next five years, most of the top-performing countries since 2003 will record the most significant improvements, joined by a few others such as India, Kenya, and Greece, the report argues, noting that the improvement in the EIU index “has always been a strong indicator of stronger real GDP growth per capita.” The index measures the attractiveness of the business environment in 82 countries, examining 91 indicators across 11 different categories.
These include the political environment, the macroeconomic environment, market opportunities, the policy on free enterprise and competition, foreign investment policy, foreign trade and exchange controls, taxes, finance, the labor market, infrastructure, and technological readiness.
Founded in 1946, the EIU has over 75 years of experience in assisting financial institutions, governments, and multinational companies in complex business environments
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