Economy Guide in Morocco
Economic overview, job market trends, income levels, and financial landscape for expats
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
Cost of Living Index
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
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
The purchasing power index is 49.0, indicating low buying power compared to NYC.
Tax System
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
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
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
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)More Insights for your Move to Morocco
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