Market Overview

Morocco Leads North Africa in Latest Global Innovation Index

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(MACP) — Morocco leads North Africa and is among the top 10 countries in
its income bracket according to the 2017
Global Innovation Index (GII)
, released last week and coauthored by
Cornell University, INSEAD and the World Intellectual Property
Organization.

Each year, the GII surveys some 130 economies using dozens of metrics,
from patent filings to education spending, according to the accompanying release.
The rankings "capture elements of the national economy that enable
innovative activities" (such as human capital and research,
infrastructure, and market sophistication) as well as "the results of
innovative activities within the economy." In this latest edition,
Morocco led North Africa and ranked 72nd overall out of 127
countries, and seventh out of 27 lower-middle-income economies. Morocco
was also noted as a standout performer in agricultural labor
productivity.

This latest report is one of many industry and business indices of
recent years awarding Morocco high marks. Earlier this year, Morocco was
again named among the 50 most innovative economies in the world and one
of just two such economies in Africa by the 2017
Bloomberg Innovation Index
. In September last year, the World Bank's
2017 "Doing Business" report ranked
Morocco 68 out of 190
countries in ease of doing business—a two-spot
gain over the previous year—making it number one in North Africa and
fourth overall in the greater Middle East/North Africa region. KPMG
International and Oxford Economics' 2015 Change Readiness Index (CRI)
ranked Morocco as the most "change-ready" country in the Maghreb, with
particularly positive results in the category of "enterprise
capability." And in 2014, the Wall Street Journal's Frontiers/FSG
Frontier Markets Sentiment Index reported that Morocco is among the top
ten frontier markets—and the only one in the Maghreb—most favored by
foreign corporations.

"It's no accident that again and again, Morocco is recognized for its
innovation and growth," said former US Ambassador to Morocco Edward M.
Gabriel. "That the country has established a track record of success in
these areas is a testament to the leadership and vision of King Mohammed
VI, and the hard work and determination of the Moroccan people to
achieve progress."

The Moroccan American Center for Policy (MACP) is a non-profit
organization whose principal mission is to inform opinion makers,
government officials, and interested publics in the United States about
political and social developments in Morocco and the role being played
by the Kingdom of Morocco in broader strategic developments in North
Africa, the Mediterranean, and the Middle East.

This material is distributed by the Moroccan American Center for
Policy on behalf of the Government of Morocco. Additional information is
available at the Department of Justice in Washington, DC.

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