Morocco, a country located in North Africa, has a population of almost 37 million. We expect it to grow by 9% and reach 40 million by 2030.
Morocco had a GDP of $120 billion in 2019 or $3,350 per capita. Tourism, agriculture, and exports are key sectors contributing to the economy. The tourism sector has recently taken a hit due to the global COVID-19 pandemic.
Power and Water
Morocco achieved a 100% electricity access rate in 2017. The country has set goals to generate 50% of its electricity from renewable energy by 2030. Looking at the population growth, we expect demand for an additional 130 megawatts over the next 10 years.
Morocco launched a new National Water Plan in early January this year. The plan will help consolidate potable water supply and fight the results of climate change. The plan calls for the construction of dams and developing the irrigation network. We expect the country will need an additional 240 million cubic metres of potable water per annum per year by 2030 to meet the demand.
An increase in urbanization and household income has given a boost to the retail sector in Morocco. We expect the country will need 360,000 square metres of additional retail space to meet the requirements of a growing population.
Universal healthcare access by 2030 has become a priority for Morocco. The country is investing in the healthcare sector and is looking to improve access in rural areas. More hospitals are constructed along with the development and training of healthcare staff. As per ABiQ’s business intelligence tool, we expect the country will need an additional 23 hospitals by 2030 to help maintain the current standard of healthcare service.
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|Population in 2020||36.8 million|
|Population by 2030||40.0 million|
|Population growth from 2020 to 2030||9%|
|GDP 2019 (est)||$120 bn|
|Electricity Capacity required by 2030||130 MW|
|Additional Potable Water required per annum by 2030||240 million m3|
|Additional retail by 2030||360,000 million m2|
|New Hospitals required by 2030||23|