Rabat, July 22, 2025 – The Europe Today: Morocco has reaffirmed its status as a key economic player on the African continent, emerging as the leading country in North Africa in terms of economic freedom, according to the 2025 Nomad Capitalist Freedom Index. Despite enduring structural hurdles, the Kingdom’s strategic reforms and favorable legal environment continue to bolster its position on the regional and global economic landscape.
Ranked 101st out of 196 countries globally, Morocco achieved an overall score of 30 out of 50 in the index, which is compiled annually by the international tax and migration advisory firm, Nomad Capitalist. The index assesses countries based on five key criteria: financial freedom (30%), asset protection (25%), human rights (20%), safety (15%), and quality of life (10%).
Morocco’s performance reflects balanced progress across all categories, underpinned by constitutional guarantees for economic activity and a growing commitment to digital transformation. Article 35 of the Moroccan Constitution ensures freedom of enterprise and fair competition, while legislation such as Law 104-12 on Competition enhances market transparency and aims to curb monopolistic behavior.
The country has introduced targeted tax incentives to attract foreign direct investment, streamlined business registration processes through digital platforms, and maintained a stable macroeconomic framework marked by controlled inflation and reliable monetary policies. These factors contribute to Morocco’s reputation as a conducive environment for both local entrepreneurs and international investors.
Nevertheless, the Kingdom still faces persistent challenges that hinder further advancement. Bureaucratic inefficiencies, legal ambiguity, a large informal sector, and rigidity in labor market dynamics are among the critical issues requiring continued reform to unlock Morocco’s full economic potential.
Regional and Continental Standing
Morocco’s regional leadership in economic openness is further affirmed by its outperformance of several North African peers, buoyed by strategic public investment, fiscal reforms, and efforts to attract international talent and diaspora professionals. The country’s emphasis on infrastructure development and global trade partnerships has also solidified its role as a gateway between Africa and Europe.
In comparison with other African nations, however, Morocco still trails behind higher-performing economies such as Ghana and Cape Verde, which secured scores nearing 39.5/50 in the same index. Experts suggest that further improvements in judicial independence, property rights enforcement, and labor market liberalization could enable Morocco to climb higher in subsequent global rankings.
Complementing the Nomad Capitalist findings, other international reports — including those by the Heritage Foundation — recognize Morocco’s relative stability, openness to market economies, and predictable policy environment as valuable assets for global business operations.
Looking Ahead
While Morocco’s current standing reflects clear progress and ambition, translating political will into effective implementation remains a key challenge. Analysts note that genuine economic freedom must go beyond regulatory frameworks and be tangibly experienced by citizens and enterprises alike.
As Morocco continues its reform agenda, the potential for greater regional influence and global competitiveness remains within reach — provided that institutional reforms are deepened and inclusivity in economic opportunity is prioritized.
