IFC mobile money scoping country report : Morocco

Despite fluctuations in gross domestic product (GDP) between 2005-2009, long term macroeconomic indicators suggest steady growth (6 percent) through 2013 despite continued elevated unemployment (10 percent). Morocco's GDP and capita has more closely followed the trajectory of robust emerging market economies such as Brazil, growing at a rate of 9 percent between 2000-2010 to reach a GDP and capita 2,733 United States dollar (USD), which exceeds that of the Philippines and is 2x greater than Kenya’s (1,367 USD). Despite recent reform efforts, driven both by the Moroccan government and multi-lateral organizations (United Nation (UN), European Union (EU)), corruption in both the regulatory and legal spheres remains a concern.