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Home > Economy > Only 3 Moroccan Provinces Account for 60% of Morocco’s GDP

Only 3 Moroccan Provinces Account for 60% of Morocco’s GDP

Despite Morocco’s efforts in recent years to promote equitable socio-economic development across all its provinces, recent data from the country’s foremost economic intelligence institution suggest that more than half the national Gross Domestic Production (GDP) was concentrated in only three regions out of 12 in 2020.

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Sep, 12, 2022
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Only 3 Moroccan Provinces Account for 60% of Morocco’s GDP

Only 3 Moroccan Provinces Account for 60% of Morocco’s GDP

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Rabat – Despite Morocco’s efforts in recent years to promote equitable socio-economic development across all its provinces, recent data from the country’s foremost economic intelligence institution suggest that more than half the national Gross Domestic Production (GDP) was concentrated in only three regions out of 12 in 2020.

In a report published today, the Moroccan Higher Commission of Planning (HCP) reveals that three provinces, namely Casablanca-Settat, Rabat-Sale-Kenitra, and Tanger-Tetouan-Al Hoceima accounted for a total of 59% of Morocco’s GDP in 2020.

The three provinces’ contribution to the national GDP was as follows: Casablanca-Settat ranked first and generated 32% of the country’s GDP, followed by Rabat-Sale-Kenitra with 16%, and Tanger-Tetouan-Al Hoceima with 11%.

While these results indicate a significant disparity in the national wealth distribution, HCP’s noted that the gap in wealth creation between Moroccan provinces is in fact shrinking. According to the report, the gap between the country’s best-performing and least performing provinces fell from MAD 70.8 billion ($6.5 billion) in 2019 to MAD 65.5 billion ($6 billion) in 2020.

In addition to providing a detailed account of provinces’ contribution to the national GDP in 2020, the report also noted rising trends of consumerism in the country.

Echoing GDP, positive consumerism trends are clustered in three provinces as Casablanca-Settat, Rabat-Sale-Kenitra, and Fez-Meknes accounting for 51% or MAD 672.4 billion ($62.5 billion) of national expenditure in 2020.

Regional disparities in consumerism trends equally narrowed between 2019 and 2020, HCP further noted, detailing that the difference between the national average and that of the underperforming regions dropped from MAD 39 billion ($3.6 billion) in 2019 to MAD 36 billion ($3.3 billion) in 2020.

Read Also: World Bank Expects Morocco’s GDP Growth to Slow Down Significantly

Tags: GDPGDP in Moroccosocio-economic projects in Morocco
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