Agriculture is an important pillar of development in Morocco. The importance of this sector is evident by its significant contribution to the formation of national GDP (15%) determining the growth level of the economy thus, making it one of the main sectors of activity at national level.
Morocco’s agricultural output reached MAD 125 billion ($13.05 billion) in 2018, recording a 60% increase since the launch of the Green Morocco Plan agricultural strategy in 2008.
The new agricultural strategy, Green Morocco Plan, established by the Ministry of Agriculture and Fishing, aims to consolidate the success achieved and to meet new challenges facing Morocco’s competitiveness and opening of markets.
- The sector employs nearly 37% of the workforce
- As of December 2018 $9.4bn has been invested in the agricultural sector under the Green Morocco Plan
- The government aimed to have 550,000ha worth of irrigated land by 2020, however this target had already been exceeded as of December 2018.
The country is a net importer of agricultural and related products, which generally consist of imports of bulk commodities and exports of high-value, consumer-oriented products. The European Union is Morocco’s primary trading partner, accounting for about 60% of Morocco’s agricultural exports.
Anticipating the coming digitization of African markets, Morocco’s OCP is investing in the latest digital tools to take center stage in Africa’s future agricultural revolution.
Morocco Signed MoU with French Development Agency to set up a $50 million credit line to finance agriculture projects.