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Morocco occupying 103rd place in Global Prosperity Index

The Global Prosperity Index of 2018, which is being prepared by the British Legatum Institute and includes 149 countries across the world, placed Morocco at 103rd place after 2017 ranked 97th in the world, a six-fold decline.

The new indicator is based on several criteria, including economics, business climate, governance, education, health and safety, the environment and human capital.

In the Middle East and North Africa (MENA) region, the UAE maintained its lead as the Arab world’s most prosperous country, ranked 39th in the world and the first by the Arab world, Qatar ranked 46th internationally, Bahrain ranked 51th, Oman ranked 69th, Followed by Jordan at 91 and Turkey at 93rd globally.

In the Maghreb, Tunisia ranked first, ranked 102th in the world, Morocco ranked second and 103 globally, while Algeria ranked 116th in the world, and Egypt ranked 122th globally.

The report pointed out that all North African countries are located in the bottom 50 countries at the level of global prosperity and pointing to Morocco’s decline in the prosperity index compared to the past decade.

The decline in the sub-indicators of governance (120 globally), the index of individual freedoms (130 globally) and human capital (134 globally) led to Morocco losing six ranks at once.

Overall, the report itself recorded the highest global boom ever, with the average rising to 15 points since 2007. Since 2013, 113 countries have improved their prosperity. Last year, 95 countries improved their points, but many countries were unable to make progress on the index.

The report pointed out in the last edition that Morocco is the fifth largest economy on the African continent, and fourth in terms of foreign direct investment, attracting 3.2 Billion euros in 2015, otherwise was considered to have opportunities to achieve the highest levels in terms of quality of the economy compared to neighboring countries.

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