
Morocco's Household Confidence Plummets to 15-Year Low Amid Economic Concerns
The household confidence index (HCI) in Morocco is at its lowest level since 2008, according to a survey conducted by the High Commission for Planning (HCP).

The household confidence index (HCI) in Morocco is at its lowest level since 2008, according to a survey conducted by the High Commission for Planning (HCP).

The Moroccan economy has shown resilience, despite exogenous shocks. In the first quarter of this year, economic growth stood at 1.2%, up from the same period last year, according to the High Commission for Planning.

Despite the rise in inflation and the slowdown in activities, the Moroccan economy remained solid. In the fourth quarter of 2021, the growth rate reached 6.6% instead of a decline of 5.1% a year earlier.

Compared to the same month last year, the consumer price index (CPI) for February recorded an increase of 3.6%, according to the High Commission for Planning (HCP). There are disparities between cities in Morocco.

In 2021, the majority of Moroccans did not have a contract formalizing their relationship with their employer , according to the High Commission for Planning (HCP).

In 2021, the health crisis strongly impacted the activity of companies in Morocco. 28% of them stopped their activity for an average duration of 143 days and more than half suffered a drop in their liquidity, according to the High Commission for Planning (HCP).

In 2019, only 13.1% of Moroccan companies had a website presenting their activities, according to a survey conducted by the High Commission for Planning (HCP).

The results of the permanent household survey conducted by the High Commission for Planning (HCP) show, overall, that the confidence of Moroccan households has deteriorated in the 4th quarter of 2021.

The analysis of the regional accounts for the year 2019 revealed that the Tanger-Tétouan-Al Hoceima (TTA) region has maintained its place among the leading regions of growth, with a growth rate higher than the national average.

At the end of last November, the consumer price index rose by 2.6% compared to the same month last year, according to the High Commission for Planning.

At the end of last October, the consumer price index (CPI) in Tangier recorded a 0.4% increase compared to the previous month.

The next general population census in Morocco will be carried out in 2024. The preparatory studies for this operation have already been completed, according to the High Commission for Planning.