The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Morocco  
Rank: 50 · Score: 51.9  

Basic facts        
Population (millions) 37.5   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 134.4   M&A volume (quartile) 2nd
GDP per capita (US$) 3,587.6   Venture capital investments (quartile) 2nd
GDP growth (per cent) 3.0   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 50 83, 80, 78, 75, 75 51.9
1 Economic Activity 79 48, 40, 60, 45, 46 67.4
2 Depth of Capital Market 40 91, 89, 88, 79, 85 51.1
3 Taxation 110 34, 31, 24, 20, 15 62.9
4 Investor Protection and Corporate Governance 51 72, 74, 74, 74, 74 69.2
5 Human and Social Environment 83 51, 48, 46, 42, 42 28.0
6 Entrepreneurial Opportunities 52 71, 71, 71, 72, 73 53.0


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Morocco  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Egypt 80.0 58.9 85.5 60.5 24.2 49.3
Morocco 67.4 51.1 62.9 69.2 28.0 53.0
Tunisia 56.3 43.6 114.3 66.0 26.4 54.4
South Africa 18.2 48.8 83.9 78.8 30.5 57.9
Kenya 76.8 32.1 68.1 61.2 28.4 43.2
Nigeria 76.1 41.7 57.5 60.2 20.5 40.2
Mauritius 55.4 31.8 114.4 90.7 17.1 40.9
Last updated: 4 Nov 2023