Morocco flagEconomy Guide · Morocco

Economy Guide in Morocco

Economic overview, job market trends, income levels, and financial landscape for expats

Economic Overview

GDP

$142.87B

Total economic output of the country

HDI

0.68

Medium human development

Quality of Life

49/100

Below-average quality of life

Purchasing Power

19/100

Very weak purchasing power — limited buying capacity

Comparison data legendCompare:
Country
Continent Avg

Cost of Living Index

0510
Very Affordable

Costs are very affordable with a CPI of 30.9. Groceries (33.0) and restaurants (25.2) are significantly cheaper than in NYC.

Housing Market

0510
Poor

The property price to income ratio is 13.7 years, indicating an expensive housing market. The rent index is 7.5, suggesting rentals might be more affordable.

Average Income Levels

0510
Very Poor

The purchasing power index is 49.0, indicating low buying power compared to NYC.

Tax System

0510
Moderate

Morocco has a progressive income tax (12-40%) and a phased corporate tax system (20-35% by 2026). Standard VAT is 20%. Property taxes include annual housing tax and a 20% capital gains tax on real estate sales.

Business Environment

0510
Good

Morocco's business environment is improving, ranked #88 globally for its startup ecosystem in 2025. Government initiatives and increasing venture capital funding support a growing entrepreneurial landscape.

Social Security

0510
Good

Healthcare coverage is extensive, with 88% of the population covered by universal insurance (AMO-Tadamon). A structured pension system exists, but unemployment benefits have limited coverage and are undergoing reform.

Banking & Financial Safety

0510
Moderate

Deposits are protected up to MAD 80,000 (approximately USD 8,720) per depositor by the Société Marocaine de Gestion des Fonds de Garantie des Dépôts Bancaires (SGFG). The banking sector is stable, with strong central bank oversight and advanced Basel III implementation. Morocco exited the FATF grey list in 2023, indicating robust AML frameworks.

Deposit Protection: up to $8,720 USD (see sources)