Despite the significant progress made in the industrial sector, Morocco has dropped two places in the ranking of the Competitive Performance Index of the industry, established by the United Nations Industrial Development Organization (UNIDO), now positioning itself in 66th position.
UNIDO has just released the latest update of its Competitive Industrial Performance Index (CPI), assessing the ability of 153 countries to produce and export manufactured goods, their technological progress, as well as their global influence on manufacturing activity.
According to the PIC 2023, Morocco obtained a score of 0.035 compared to the world average of 0.061. The gross domestic product (GDP) of the country having reached 93.7 billion dollars, equivalent to 2526 dollars per capita, specifies UNIDO.
The Index also put Morocco’s manufacturing contribution at around $13.4 billion, or $361 per capita, with manufactured exports amounting to $29.5 billion, or $794 per capita. These indicators also provide an overview of the Kingdom’s industrial performance on the world stage.
For the second year in a row, the United Arab Emirates ranked first among Arab countries and ranked 29th globally, up two places from 2021. Saudi Arabia, meanwhile, ranks second, followed by Qatar, Bahrain, Oman and Kuwait. Morocco and Egypt complete this ranking.
The same source said that Germany still maintains its position as the world leader in terms of competitiveness in the manufacturing sector, closely followed by China in second place.
Moreover, the ranking of the top five countries in the 2023 PIC includes Ireland, the Republic of Korea, and the United States of America, among others. These results highlight the stability of the positions of the best performing countries in the manufacturing sector compared to the results of last year, says the UN agency.