Morocco: The Economic Powerhouse You Didn’t Know About in Africa

When we think of Africa, poverty and underdevelopment are often the first things that come to mind. However, this is far from the truth. In fact, Morocco is one of the strongest economies in Africa.

Morocco is located in the northern part of Africa and has a population of over 36 million people. The country is known for its rich history, culture, and stunning landscapes. But it’s also an economic powerhouse that has been experiencing steady growth over the past few years.

According to the World Bank, Morocco’s gross domestic product (GDP) grew by 4.1% in 2020, despite the COVID-19 pandemic. This growth is expected to continue, with estimates of a 4.5% increase in 2021. Morocco has also been able to attract foreign investment, with over $2 billion invested in the country in 2020 alone.

One of the key sectors driving Morocco’s economic growth is agriculture. The country is one of the largest exporters of phosphates in the world and is a major producer of fruits and vegetables. In recent years, Morocco has also been focusing on renewable energy, with plans to generate 52% of its energy from renewable sources by 2030.

Morocco has also been investing in infrastructure, with new highways, railways, and ports being built across the country. The government has also implemented economic reforms to attract foreign investment and create a more business-friendly environment.

Of course, Morocco still faces challenges, including high unemployment and inequality. But the country has made significant progress in recent years and is well on its way to becoming a major player in the global economy.

So, the next time you think of Africa, remember that it’s not all poverty and underdevelopment. Morocco is a shining example of an African country that is thriving and leading the way in economic growth and development.