Informal economy contributes 24% to morocco's GDP

The informal economy accounts for 17% of the Moroccan added value and contributes 24% to the GDP, said Morocco's high commissioner for planning, Ahmed Lahlimi.

The official told a conference in Marrakesh on the informal economy, informal activities are a very important sector, as it employs half of the Moroccan manpower working in the economic sector and the number of its enterprises are twice higher than the formal sector companies.

For Lahlimi, this sector that is adapted to the Moroccan traditional society is dominated by trade (50%), followed by handicraft and services (20% each). Informal activities also supply 60% of raw materials used by small and medium-sized enterprises.

The conference debated problems encountered to improve the competitiveness of the Moroccan economy.