Casablanca, Morocco (TMT)-Morocco has the most competitive economy in North Africa, including the 4th most competitive economy in Africa according to the 2015 report on the competitiveness of Africa, a report published jointly by the African Development Bank (ADB), the World Economic Forum (WEF), the Organisation for Economic Co-operation and Development (OECD) and the World Bank (WB).
On the continental scale, Mauritius ranked first, followed by South Africa, Rwanda, Morocco, Botswana, Algeria, Tunisia, Namibia, Kenya Seychelles, Zambia, Gabon, Lesotho, Ghana, and Senegal.
On the overall scale, Morocco ranked 72nd, in a ranking that included 144 countries.
The ranking takes into account a country’s competitiveness in regards to the following criteria: infrastructure, macroeconomic environment, health, primary education, innovation, and business climate.
While Morocco relatively ranked “not that bad” vis-à-vis the infrastructure, macroeconomic environment, health, primary education and innovation criteria, the North African kingdom suffered a blow in the “business climate” criterion, with the report citing bureaucracy, access to financing, corruption, and restrictive labor regulations as major impediments in Morocco’s way towards a better competitiveness.
The Moroccan Times.