Who Owns Whom

Morocco

Country Code: 504

ISO2 Code: MA

ISO3 Code: MAR

Country Economic Snapshot

2020-08-12

Morocco has a GDP of US$118bn, which places it fifth in Africa after Nigeria, South Africa, Egypt and Algeria, and a population of 35 million people. GDP growth in 2019 was 2.7% and was expected to increase to 3.7% in 2020, but will probably decline by 2.7% due to the coronavirus pandemic.

Morocco's government has a series of economic plans and strategies in place to diversify the economy. The 2014-2020 Industrial Acceleration Strategy promotes the creation of "industrial clusters" and is expected to increase industry's share of GDP by 9% and generate 500,000 jobs . The Rawaj Vision 2020 strategy aims to grow the retail sector's contribution to GDP from 12% to 15% and to generate 450,000 jobs by restructuring and gradually absorbing informal trade and businesses into the formal economy. It also aims to grow the number of modern food stores from 15% to 30% by 2020. The Green Morocco Plan is an agricultural strategy launched in 2008 and designed to make agriculture the main growth area over the next 10 to 15 years. The strategy aims to double agriculture's share of GDP which is currently 19% (15% agriculture and 4% agro-industries), create 1.15 million jobs by 2020 and more than double the income of three million rural people.

Evidence of the aspirations and success of these strategies can also be found in the automotive sector, which in 2017 overtook South Africa as the continent's largest producer of passenger cars.

The largest industry and exporter in Morocco is phosphate mining and processing followed by food processing which accounts for 27% of total industrial production and 25% of industrial employment.

There are a number of specific financial, tax and customs exemptions and agreements to encourage investment. Declining foreign direct investment in 2018 prompted the government to introduce a five-year corporate tax holiday for new industrial companies and it has also signed agreements with several countries to avoid double payment of income tax.

Electricity costs are generally regarded as expensive in Morocco as the country imports 97% of its energy resources.

Info

Capital Rabat
Currency (Name, Abbreviation, Symbol) Moroccan dirham , MAD , د.م.
Area 446,550 sq km
Type of Government constitutional monarchy
Languages Arabic (official), Berber languages (Tamazight (official), Tachelhit, Tarifit), French (often the language of business, government, and diplomacy)
Natural Resources phosphates, iron ore, manganese, lead, zinc, fish, salt
Type of Industry phosphate rock mining and processing, food processing, leather goods, textiles, construction, energy, tourism
Stock Exchange Casablanca Stock Exchange
Stock Exchange Location Casablanca
Stock Exchange Founded 1929
Tax Rate: Corporate 31%
Tax Rate: Individual 38%
Natural Resources phosphates, iron ore, manganese, lead, zinc, fish, salt

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

There is no data available at the moment

Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Afric Industries S.A. Casablanca Stock Exchange AFI Morocco Active
Afriquia Gaz S.A. Casablanca Stock Exchange GAZ Morocco Active
Agma Lahlou-Tazi S.A. Casablanca Stock Exchange AGMA Morocco Active
Alliances Developpement Immobilier SA Casablanca Stock Exchange 2008-07-17 ADI Morocco Active
Aluminium Du Maroc S.A. Casablanca Stock Exchange ALM Morocco Active
Attijariwafa Bank S.A. Casablanca Stock Exchange 1943-08-13 ATW Morocco Active
Auto Hall S.A. Casablanca Stock Exchange ATH Morocco Active
Auto Nejma Maroc S.A. Casablanca Stock Exchange NEJ Morocco Active
Banque Marocaine du Commerce Exterieur SA Casablanca Stock Exchange BCE Morocco Active
Banque Marocaine Pour Le Commerce Et L'Industrie SA Casablanca Stock Exchange 1972-02-28 BMCI Morocco Active
Banque Populaire SA Casablanca Stock Exchange 2004-07-06 BCP Morocco Active
Cartier Saada S.A. Casablanca Stock Exchange CRS Morocco Active
Centrale Danone SA Casablanca Stock Exchange 1974-10-07 CDA Morocco Active
Ciments Du Maroc S.A. Casablanca Stock Exchange 1969-06-24 CMA Morocco Active
Colorado SA Casablanca Stock Exchange COL Morocco Active
Compagnie d'Assurances et de Reassurance Atlanta SA Casablanca Stock Exchange ATL Morocco Active
Compagnie de Transports au Maroc SA Casablanca Stock Exchange 1993-06-03 CTM Morocco Active
Compagnie Miniere de Touissit SA Casablanca Stock Exchange 2008-06-04 CMT Morocco Active
Cosumar S.A. Casablanca Stock Exchange 1985-06-03 CSR Morocco Active
Credit du Maroc S.A. Casablanca Stock Exchange 1976-05-03 CDM Morocco Active
Credit Immobilier et Hotelier SA Casablanca Stock Exchange CIH Morocco Active
Dari Couspate SA Casablanca Stock Exchange 2005-07-11 DARI Morocco Active
Delattre Levivier Maroc S.A. Casablanca Stock Exchange DLM Morocco Active
Delta Holding SA Casablanca Stock Exchange DHO Morocco Active
Diac Salaf SA Casablanca Stock Exchange 1962-06-01 DIS Morocco Suspended
Disway S.A. Casablanca Stock Exchange 2007-02-28 DWAY Morocco Active
Douja Promotion Groupe Addoha SA Casablanca Stock Exchange ADH Morocco Active
Eqdom S.A. Casablanca Stock Exchange EQD Morocco Active
Fenie Brossette S.A. Casablanca Stock Exchange FBR Morocco Active
Hightech Payment Systems S.A. Casablanca Stock Exchange 2006-12-27 HPS Morocco Active
IB Maroc Com SA Casablanca Stock Exchange 2001-07-10 IBMC Morocco Active
Involys S.A. Casablanca Stock Exchange INV Morocco Active
Itissalat Al Maghrib SA Casablanca Stock Exchange IAM Morocco Active
Jet Contractors SA Casablanca Stock Exchange 2011-12-09 JALU Morocco Active
Label Vie S.A. Casablanca Stock Exchange 2008-07-02 LBV Morocco Active
LafargeHolcim Maroc SA Casablanca Stock Exchange 1997-02-19 LAC Morocco Active
Les Eaux Minerales d' Oulmes SA Casablanca Stock Exchange 1943-08-13 OUL Morocco Active
Lesieur Cristal SA Casablanca Stock Exchange 1972-12-07 LES Morocco Active
Lydec S.A. Casablanca Stock Exchange LYDC Morocco Active
M2M Group SA Casablanca Stock Exchange 2007-07-04 M2M Morocco Active
Maghreb Oxygene SA Casablanca Stock Exchange MOX Morocco Active
Maghrebail SA Casablanca Stock Exchange MAB Morocco Active
Managem S.A. Casablanca Stock Exchange MNG Morocco Active
Maroc Leasing S.A. Casablanca Stock Exchange 1997-02-00 MLE Morocco Active
Med Paper S.A. Casablanca Stock Exchange MDP Morocco Active
Microdata S.A. Casablanca Stock Exchange MIC Morocco Active
Nexans Maroc S.A. Casablanca Stock Exchange NEX Morocco Active
Promopharm S.A. Casablanca Stock Exchange PRO Morocco Active
Risma S.A. Casablanca Stock Exchange 2006-05-15 RIS Morocco Active
Saham Assurance S.A. Casablanca Stock Exchange SAH Morocco Active
Salafin S.A. Casablanca Stock Exchange SLF Morocco Active
Societe Anonyme Marocaine de l'Industrie de Raffinage SA Casablanca Stock Exchange Morocco Suspended
Societe d'Exploitation des Ports SA Casablanca Stock Exchange 2016-07-19 MSA Morocco Active
Societe de Realisations Mecaniques SA Casablanca Stock Exchange 2006-12-12 SRM Morocco Active
Societe de Therapeutique Marocaine SA Casablanca Stock Exchange 2005-02-21 SOT Morocco Active
Societe des Brasseries du Maroc S.A. Casablanca Stock Exchange SBM Morocco Active
Societe Immobiliere Balima S.A. Casablanca Stock Exchange BAL Morocco Active
Societe Maghrebine de Monetique SA Casablanca Stock Exchange 2011-12-27 S2M Morocco Active
Societe Metallurgique D'imiter SA Casablanca Stock Exchange 1997-06-18 SMI Morocco Active
Societe Nationale d'Electrolyse et de Petrochimie S.A. Casablanca Stock Exchange 2007-11-07 SNP Morocco Active
Societe Rebab Company S.A. Ltd Casablanca Stock Exchange 1954-06-28 REB Morocco Active
Sonasid S.A. Casablanca Stock Exchange SID Morocco Active
Stokvis Nord Afrique S.A. Casablanca Stock Exchange SNA Morocco Active
Stroc Industrie S.A. Casablanca Stock Exchange STR Morocco Active
TAQA Morocco S.A. Casablanca Stock Exchange 2013-12-24 TQM Morocco Active
Timar S.A. Casablanca Stock Exchange TIM Morocco Active
Total Maroc SA Casablanca Stock Exchange 2015-05-29 TMA Morocco Active
Unimer Groupe SA Casablanca Stock Exchange UMR Morocco Active
Wafa Assurance S.A. Casablanca Stock Exchange WAA Morocco Active
Zellidja S.A. Casablanca Stock Exchange ZDJ Morocco Active

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