Morocco ranks 97th in global economic freedom ranking

Morocco ranks 97th in global economic freedom ranking

According to the latest annual report on global economic freedom issued on September 19, 2023, by the Fraser Institute, Morocco stands at the 97th spot out of 165 countries evaluated. The ranking places the country in the 3rd quartile of nations assessed for their economic freedom.

Fraser Institute offered a comprehensive assessment of countries worldwide that demonstrated their commitment to fostering economic freedom through policies and institutions.

Taking into consideration 5 areas, the degree of economic freedom is measured by the size of government, legal system as well property rights, sound money, freedom to trade internationally, and regulation.

The country secured the 97th position with a score of 6.42 out of 10 on global economic freedom, according to the 2023 annual report.

Out of 10, the size of the Moroccan government was assigned 6.56, making it the 80th worldwide. Unfortunately, when it comes to sound money, the country secured the 118th position out of 165, with a score of 7.21

The findings revealed that Morocco is ranked as the seventh country in the MENA region in this year’s ranking, with Bahrain taking the lead, securing the 45th position, followed by Saudi Arabia (83rd position), Jordan (51st position), and Kuwait (85th position). As to Omar and Qatar both of them hold the 90th position.

At the continent level, the country lagged behind South Africa which secured the 94th position in the ranking, but surpassed Benin and Ghana, both of which scored 6.41, thus standing at the 98th position.

Compared to 2020 data, Morocco held the 95th position, with a score of 6.48 out of 10, and just 10 years before, the country was in the 99th position in 2010, with a score of 6.40.

Within the African continent, Cape Verde took the top spot, standing at the 48th position worldwide, followed by Seychelles (59th spot), Gambia (62nd spot), Botswana (77th spot), Kenya (78th spot), Rwanda (80th spot), and Nigeria (81th spot).

On the global stage, Singapore leads the way, with a score of 8.56, followed closely by Hong Kong (8.14), Switzerland (8.47), New Zealand (8.43), the United States (8.14), and Ireland (8.11).

The figures in the 2023 report are based on data from 2021, the most recent year with available comparable statistics across the 165 jurisdictions.

The evaluation took into consideration various aspects of economic freedom, such as personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately-owned property.


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