In the 2015-2016 World Economic Forum ranking, which investigates the comparative competitiveness of different countries, Morocco went up two places to 70th and held on to its position as leader in North Africa.
Morocco reached the 70th place in the “Global Competitiveness Report 2016-2017” published on 27th September by the World Economic Forum (WEF).
In the 2012-2013 report Morocco moved up 3 places but dropped 7 in the 2013-2014 version. By the 2014-2015 report the country had managed to climb 5 places to 72nd, a position it held on to for 2 consecutive years.
This 2016 edition kept the same top three as last year with Switzerland in 1st place, Singapore in 2nd and the USA in 3rd. France came in at 21st, up one place on the year before.
Morocco remains the first economy in North Africa, with Tunisia dropping three places to 94th.
The ranking is based on both qualitative and quantitative data from thousands of interviews carried out with businesses from around the world. The Moroccan section of the report was established alongside the CGEM, the Moroccan employers association, and with help from the “Business climate and public private partnerships” commission carried out by both the government and business leaders.
Source: Usine Nouvelle