Skip to content Skip to Search
Skip navigation

Morocco job market hit by rise in rural unemployment

Unemployment increased from 15.8 percent to 16.8 percent in urban areas of Morocco marketplace Marrakesh Marrakech Pexels/Piotr Arnoldes
Unemployment increased from 15.8 percent to 16.8 percent in urban areas of Morocco
  • Unemployment up by 13%
  • Agriculture and fishing hit hard
  • Construction created 19,000 jobs

Morocco’s unemployment rate increased by 13 percent to nearly 1.6 million last year as the country’s rural areas haemorrhaged jobs.

Between 2022 and 2023, the national economy lost 157,000 jobs, according to the latest figures from the Higher Commission of Planning.

Although urban areas recorded an increase of 41,000 jobs, employment in rural parts of the North African country dropped by 198,000 positions.

The impact was most keenly felt in the agriculture, forest and fishing sector, where 202,000 jobs were lost across the year.

The construction sector created about 19,000 jobs as Morocco built back from the devastating earthquakes that hit the country in September, while the services industry saw the creation of 15,000 posts and “industry including crafts” 7,000.

Total unemployment for the year increased by 138,000, which was made up of 98,000 jobless individuals in Morocco’s urban areas and 40,000 in rural areas.

It remains higher among young people aged 15 to 24 (35.8 percent), graduates (19.7 percent) and women (18.3 percent).

Last year the IMF predicted unemployment in Morocco would reach 12 percent by the end of 2023, before falling to 11.7 percent in 2024, “indicating the potential for improved job prospects in the coming years”.

The latest World Bank report forecast that Morocco’s real GDP growth would be 3.1 percent in 2024, 3.3 percent in 2025 and 3.5 percent in 2026, as domestic demand gradually recovers from recent shocks.

Latest articles

Investor Tim Draper told AGBI the US must 'swing back to freedom' to avoid losing innovation to countries such as the UAE

Tim Draper: UAE benefits from US crypto ‘overregulation’

Billionaire venture capitalist Tim Draper has criticised the US for its restrictive stance on cryptocurrency, claiming it is driving innovators towards more encouraging and friendlier markets such as the UAE. The Gulf state is actively developing regulatory frameworks to lure new forms of business, amid intense regional economic competition. Dubai and Abu Dhabi have set […]

A subsidiary of Banque Misr will open the first digital-only bank in Egypt this year

Egypt to open first digital bank later this year

Misr Digital Innovation will open Egypt’s first digital bank towards the end of the year, as it looks to appeal to the North African’s country’s younger and unbanked demographic. MTI, a subsidiary of Banque Misr, is the first bank to have received approval to establish a digital bank by the Central Bank of Egypt (CBE) […]

Mukesh Ambani, chairman and managing director of Reliance Industries which will receive the investment from AIDA and US-based KKR

Abu Dhabi’s ADIA invests in Indian warehouses

The Abu Dhabi Investment Authority (ADIA) and the US-based private equity firm KKR have invested INR 12,000 crore ($1.5 billion) in India’s Reliance Retail Ventures’ warehousing assets.  Both companies have invested equal amounts in Reliance Logistics and Warehouse Holdings (RLWH), The Economic Times, an Indian financial daily, reported, citing informed sources.  RLWH was established in […]

Saudi Arabia’s industry and mineral resources minister Bandar Al-Khorayef. The country is struggling to meet an FDI target of $100bn a year by 2030

Saudi industry minister tempts investors with funding incentives

Saudi Arabia’s ministry of investments and mineral resources is prepared to finance up to 75 percent of industrial projects in the country, as the kingdom tries to boost its low foreign direct investment (FDI) numbers.  Bandar Al-Khorayef, the minister of industry and mineral resourcespointed to well-developed infrastructure across 36 industrial cities, prefabricated factories ready to […]