Morocco gains in attractiveness and stability in Africa

Morocco gains in attractiveness and stability in Africa

The Kingdom has gained one place in attractiveness and two in stability compared to the previous edition of the Amadeus Institute’s Africa Stability and Attractiveness Indexes.

Morocco has made another leap forward in terms of attractiveness and stability on a continental scale. It has thus gained one place in attractiveness and two in stability compared to the previous edition of the Amadeus Institute’s Africa Stability and Attractiveness Indexes. The 2021 edition, carried out with the support of Casablanca Finance City Authority, is composed of more than 70 sub-indicators that provide a global view of the economic, political and security situation of the continent, and thus compare the performance of 54 African countries.

« Morocco continues to perform well and consistently in the attractiveness and stability indices, particularly with regard to the banking system and the macroeconomic framework. Macroeconomic fundamentals have shown resilience, with inflation under control and foreign exchange reserves at a satisfactory level, although under pressure, » the report said. In the 2021 edition, Morocco is ranked 4th in terms of domestic market potential and dynamics, behind South Africa (3rd). In this ranking, Egypt occupies the first place.

Social vulnerabilities
In terms of quality of regulation, the Kingdom is ranked 2nd, behind Mauritius (1st), and ahead of the Seychelles (3rd). Thus, in the overall attractiveness ranking, Morocco ranks second, after Mauritius, and ahead of South Africa (3rd). As for the stability index, which includes state resilience, resilience to social and environmental vulnerabilities, and governance and security, Morocco is ranked third in the overall stability index, after Botwana (2nd) and Mauritius (1st). Somalia is still at the bottom of this ranking (54th).

The Kingdom leads the ranking in terms of state resilience, followed by Botswana (2nd) and South Africa (3rd). « In terms of stability, Morocco’s record is relatively good, with a weakness in the social sector where the indicators of unemployment and underemployment (18.2%), youth unemployment (21.9%) and women’s integration into the labor market (21.3%) compare rather poorly with other African countries, failures that the gradual improvement in the level of education is slow to resolve, » said the report.

Finally, on the basis of governance and security, Morocco is in 5th place, followed by the Seychelles (6th). It is positioned after Botswana (4th) and Mauritius is at the top. All in all, these improvements are significant. Except that the Kingdom can still gain in attractiveness by taking advantage of its political stability. But at this level, we will have to be careful with the social risk, which represents a weakness.

Tianah.R

Photo Credits: shutterstock

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