According to the findings of the 14th edition of the Prosperity Index 2020, released on November 16, based on the assessment of twelve criteria, including security, personal freedom, governance, investment climate, infrastructure, education , health…, Morocco ranks 96th. In comparison to the previous year, the Kingdom, which occupied the 100th position, gained 4 places in the world ranking. “Since 2010, Morocco has progressed by 4 places in the ranking”, specifies the British NGO.
“Morocco is the best performing in terms of market access and infrastructure and business, but it is the weakest in social capital. The biggest improvement compared to ten years ago concerns business conditions, ”said the same source.
In terms of market access and infrastructure, the Kingdom has risen 13 ranks to position itself in 58th place, due to the significant improvement in its infrastructure, in particular its competitive mobile telephony market, which has favored high quality Internet access, it is explained.
Morocco also shows the best performance for its investment environment. In this wake, Morocco has progressed 19 places since 2010 to rank 65th following the major reforms implemented to strengthen intellectual property rights and investor protection.
Other performances observed: 61st for business conditions, 68th for safety and security, 91st for governance and 91st for governance.
Morocco, 103th health matter
Morocco is, however, in bad shape when it comes to the criteria of Health (103rd), Education (113th), individual freedoms (119th), the natural environment (126th) and social capital (164th).
At the Arab level, Morocco is in 9th position, behind the United Arab Emirates (42nd world), Qatar (45th), Bahrain (56th), Kuwait (58th), Oman (66th), Saudi Arabia (71st) and Jordan (86th).
In the Maghreb, Morocco is champion, ahead of Tunisia (99th), Algeria (108th), Libya (149th) and Mauritania (154th).
In sum, Legatum Institute, a think tank based in London, points out that 19 countries in the MENA region (Middle East and North Africa) have seen their rankings improve thanks to the development of telecommunications infrastructure. “… All 19 countries in the region have improved dramatically, with the average number of broadband subscriptions per capita almost quadrupling over the past decade. Iran (79th) is exemplary in this regard, 70% of the population now using the Internet, against 12% in 2010 ”, underlines the same source.
Education has also experienced steady improvement in the MENA region especially in Jordan (97th). “For most countries, this is due to an improvement in higher education, with enrollment rates the region has gone from 32% to 44% since 2010. Other countries, such as Morocco (113th) which saw improvements in other levels. The rate of completion of secondary studies increased in the country from 43% to 62% in the same period of time ”, always indicates the British NGO.
Denmark, the most prosperous country
Overall, the index shows that, Denmark is the most prosperous country in the world, followed by Norway and Switzerland. Since 2010, Denmark has moved up one place in the rankings. The country is the best performing in terms of social capital and living conditions, but the weakest in terms of safety and security. The biggest improvement over ten years ago has been in health.
North America remains the most prosperous region, followed by Western Europe and Eastern Europe. At the bottom of the table, we find Somalia (163rd), Chad, Yemen, the Central African Republic and South Sudan come at the bottom of the scale.
In its report, Legatum Institute concludes that in the decade leading up to Covid-19, global prosperity has steadily increased, thanks to improved people’s lived experience and more open economies. .
It also concludes that people’s lived experience has improved thanks to better education and better living conditions in all regions. Health has also improved in all regions except North America.
The British NGO also concludes that the economies have become more open, thanks to the improvement of communication and transport infrastructure, the strengthening of property rights, better protection of investors and better access to finance.
Another conclusion drawn: Improved social capital has also contributed to increased global prosperity, but further improvement in prosperity has been hampered by governance and the stagnation of personal freedom.
A lack of contestability in national markets and extensive restrictions on international investment hamper the opening of economies in some parts of the world.
The improvement in global prosperity over the past 12 months has not kept pace with the previous two years, as Asia-Pacific and Western Europe have stagnated and North America edged down. deteriorated. The index shows, finally, that of the 167 countries included in this year’s Index, 147 have seen their prosperity improve since 2010.
The indicators used in the Index are organized into 12 pillars which are grouped into three areas essential for prosperity: Inclusive societies (safety and security, personal freedom, governance and social capital), open economies (investment environment, conditions of business, market access and infrastructure, and economic quality) and empowered people (living conditions, health, education and natural environment).