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- Economic indicators
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Your global agency guide to...
Morocco
Morocco, ranked 60th globally with a GDP of $141 billion, has a stable labor market, but faces gender participation disparities. Main industries include automotive parts, phosphate mining, and tourism. With an unemployment rate of 9.1%, there are challenges for job seekers. The recruitment sector is growing, reflecting economic diversification.
Morocco'S
AGENCY LANDSCAPE
Agencies operating in Morocco
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Morocco'S
FEATURED AGENCIES
Adecco Group
Manpower Group
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Morocco'S
GROSS DOMESTIC PRODUCT (GDP) RATING
WORLD RANKED
Morocco ranks 60th in the world by current economic output
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
EMEA RANKED
Morocco is the 36th biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Morocco's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Morocco'S
CURRENCY AND CODE
Country currency
Country ISO code
Morocco'S
INFLATION RATE
CURRENT RATE
▼3.9% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Morocco'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Morocco'S
LABOUR STATISTICS
POPULATION
With a population of 35,372,600, Morocco is a medium sized country by global standards. Morocco's youth population is close to the world average, suggesting a consistent influx of new workers, but may not see any significant growth. The working population in Morocco is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Morocco's elderly population is close to the world average, suggesting a manageable dependency ratio, where the working-age population can effectively support the elderly.
Morocco'S
RELIGION
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Morocco'S
UNEMPLOYMENT RATE
CURRENT PERCENTAGE
▼0.42% REDUCTION
Morocco has a severly unhealthy unemployment rate, signalling there is significant economic problems. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability
Morocco'S
TOP PERFORMING INDUSTRIES
Top industries
Morocco'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
Male | Female
In Morocco there is a large gap in participation rates between males and females, indicating significant structural or cultural barriers preventing more equal gender parity.
Morocco'S
WORKING LIFE
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
Average working full time week
Overtime work must be paid extra: 125% for 6:00-21:00, 150% for 21:00-6:00, and 200% for weekends/holidays. Standard work is 8.8 hr/day, up to 44 hr/week. Max overtime: 138 hr/4 months, 250 hr/year.
Morocco'S
TOP BENEFITS
Maternity leave
Maternity: 14 weeks at 100% pay up to 6000 MAD by CNSS, 7 weeks pre/post birth. Paternity: 3 days at full pay, employer reimbursed by CNSS.
Sick leave
In Morocco, employees can get up to 52 weeks of sick leave, needing proof of 54 days of CNSS contributions. The employer pays nothing for the first 3 days, while CNSS pays 66% of the salary from the fourth day onwards.
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