Income and Expenditure: Morocco

October 2023

Moroccan consumer incomes are expected to rise from 2022 to 2027 due to emergence of better job opportunities and increased remittances. However, the growth is set to be slower than regional average, partly due to climate change affecting agriculture, the country's largest employer. A substantial gender income gap is set to continue hindering consumer market development, while discretionary spending is set to remain relatively low due to prevalence of lower income classes.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

Income and Expenditure: Insights into income, wealth and expenditure of consumers are vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

Households: Global shifts in gender, ageing, migration and housing are transforming the size, location,  general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.

Business Dynamics: A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism, also gain insight into business operating environment and make strategic investment decisions. Transport infrastructure, ICT readiness and labour force dynamics will also identify potential issues with a supply chain and the level of workforce skills.

Commodities: Insights on key sectors directly related to the environmental commodities of a country such as energy, water, pollution, environmental resilience, forest and biodiversity and food and agriculture help businesses to make strategic decisions in relation to environmental and commodities trends, improve brand reputation and ensure long-term operations while ultimately growing the bottom line.

The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Income and Expenditure: Morocco

HEADLINES

Low incomes persist due to the dominance of agriculture.
A substantial gender gap contributes to the prevalence of a low-income population
Government subsidies have helped to mitigate inflation for vulnerable households
Morocco to maintain its position as one of the prominent luxury markets in Africa
Chart 1 Annual Gross Income Distribution by Age in Morocco: 2022
Chart 2 Distribution of Income in Morocco: Key Metrics 2022-2027
Chart 3 Gross Income Growth Index in Morocco 2022-2027
Chart 4 Average Gross Income by Age in Morocco 2022-2027
Chart 5 Population by Income Brackets in 2027
Chart 6 Gini Index 2022/2027
Chart 7 Households by Disposable Income (PPP) 2022-2027
Chart 8 Overview of Morocco’s Social Classes 2027
Chart 9 Social Class D by Age: 2022/2027
Chart 10 Consumer Market and Spending in Morocco: Key Metrics 2022-2027
Chart 11 Consumer Expenditure in Top Regions: Size in 2027 and Growth over 2017-2027
Chart 12 Urban/Rural Consumer Expenditure in 2027
Chart 13 Households Expenditure in 2022
Chart 14 Consumer Spending by Category in Morocco 2022-2027: USD per Household
Chart 15 Index of Consumer Prices in Morocco over 2017-2022
Chart 16 Households Expenditure by Category in Morocco: 2027
Chart 17 Morocco’s Wealth Landscape: 2022-2030
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