Morocco Climbs in Global Competitiveness Ranking, Excels in Economic Stability and Security

– byBladi.net · 2 min read
Morocco Climbs in Global Competitiveness Ranking, Excels in Economic Stability and Security

Despite its stagnation in the 2019 ranking of the World Economic Forum (WEF), Morocco manages to hold its own by showing a slight improvement. Its financial system and inflation control, as well as infrastructure, allow the Kingdom to slightly improve its score. Security is also one of its strengths.

According to L’économiste, Morocco is in 75th place out of 141 countries, slightly improving its score by 1.5 points.

"Morocco remains one of the best students in the world in terms of inflation control," the media points out, noting that the country is in 43rd place for debt management, with a score of 80. This is also the case for macroeconomic stability, where the Kingdom achieves a score of 90.

Furthermore, the country has successfully obtained an upward revision by S&P of the sovereign rating outlook to stable. Here, in particular, the budgetary consolidation and the improvement of the current account deficit are welcomed.

In terms of infrastructure and basic equipment, the Kingdom ranks 53rd in the world, thanks to "the quality of road, rail and port infrastructure with the Port of Tangier Med or the high-speed rail project".

Regarding security, the kingdom is asserting itself more and confirming its "ranking among the safest countries in the world by taking 20th place".

However, several other areas pose obstacles, requiring the Kingdom to redouble its efforts. This is the case, in particular, for new technologies (97th place), health (91st place), the business climate (45th place), trade and services (60th place), the incidence of corruption (62nd place) and education (121st place), to name but a few.