The Kingdom of Morocco has made significant strides in economic freedom, ranking 90th globally out of 165 countries in the 2024 Economic Freedom Index by the Canadian “Fraser Institute.” With a score of 6.46 out of 10, Morocco leads the Maghreb region, climbing seven positions since the last report.
The index evaluates countries based on criteria in five main areas: “Government Size,” “Legal System and Property Rights,” “Sound Money,” “International Trade Freedom,” and “Regulation.” Morocco falls in the third category, surpassing neighboring countries Tunisia and Mauritania. In contrast, Libya and Algeria have lower levels of economic freedom.
With strong scores in categories like “Government Size,” “Legal System and Property Rights,” “Sound Money,” and “International Trade Freedom,” Morocco shows promising economic potential. The report highlights the positive impact of economic freedom on GDP per capita and infant mortality rates, emphasizing the importance of policies and institutions that enable citizens to make their own economic decisions.
As countries strive for economic growth and development, the 2024 Economic Freedom Index serves as a valuable benchmark for assessing progress and opportunities for improvement.
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