Morocco vs Spain
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax, to help you decide where to invest, incorporate, or relocate.
Overall: Spain ranks higher
Spain scores 76/100 on our composite investment index, ahead of Morocco at 47/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
48
Economic strength
Spain leads
74
42
Political stability
Spain leads
78
50
Business climate
Spain leads
74
45
Financial maturity
Spain leads
72
55
Growth outlook
Spain leads
72
Macro snapshot
143
GDP (USD bn)
-1438.6 bn
1,582
3.0%
GDP growth (%)
+0.5 pp
2.5%
$3,800
GDP per capita (USD)
-29480.0
$33,280
3.5%
Inflation (%)
+0.7 pp
2.8%
1.5%
FDI (% of GDP)
-1.3 pp
2.8%
72%
Public debt (% of GDP)
-35.5 pp
108%
38
Population (M)
-10.1M
48.1
Morocco: strong sectors
- Automotive5.0% of GDP78
- Renewable Energy3.0% of GDP75
- Tourism7.0% of GDP72
- Agriculture12.0% of GDP65
Spain: strong sectors
- Tourism12.0% of GDP82
- Renewable Energy5.0% of GDP80
- Automotive4.0% of GDP72
- Agriculture3.0% of GDP68
Frequently asked
Which is better for investment: Morocco or Spain?
Our composite investment index gives Morocco a score of 47/100 and Spain a score of 76/100. Spain ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Morocco a safer market than Spain?
Risk classification puts Morocco as caution (Significant risks present - experienced investors with hedging strategies) and Spain as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Morocco or Spain?
Morocco is currently growing at 3.0% per year, vs 2.5% for Spain. Morocco has the faster headline growth rate today.