Draft:The average salary in Morocco
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The average salary in Morocco is approximately 233,000 Moroccan Dirham (MAD) per year, equivalent to approximately USD 23,290 as of May 2023 exchange rates.
In comparison to many developed nations, Morocco's average salary is comparatively lower, aligning with its ongoing efforts to bolster its economic prospects. Despite this, with the fifth-highest gross domestic product (GDP) in Africa, Morocco has emerged as an increasingly attractive destination for outsourcing endeavors.
For businesses considering expansion or relocation to Morocco, a deeper understanding of the country's employment landscape is essential. This includes comprehensive insights into salary trends, comparative analyses, and the prevailing cost of living.
This article delves into the intricacies of Morocco's average salary, offering statistical data, comparative assessments, and insights into the associated cost of living. Furthermore, it explores the top three advantages of outsourcing operations to Morocco, providing valuable insights for businesses contemplating a transition to this North African nation.
Average Salary in Morocco: Statistics and Trends
[edit]The average salary in Morocco stands at 233,000 Moroccan Dirham (MAD) per year, as reported by Salary Explorer. Converted to USD using May 2023 exchange rates, this amounts to approximately USD 23,290 annually. [1]
Comparatively, Morocco's average annual salary falls below that of the United States (USD 56,310) and many European countries.
On an hourly basis, the average wage for Moroccan employees is 110 MAD.
However, it's essential to note that relying solely on average salary figures may not provide a comprehensive understanding of wage rates in Morocco. Various factors influence individual salary structures, including job title, industry, educational attainment, years of professional experience, and the cost of living.
Exploring Moroccan salary averages through different lenses facilitates a more nuanced understanding for employers seeking to determine appropriate compensation for their workforce.
Note: The salary estimates provided herein serve as general guidelines. Actual compensation may vary based on factors such as educational background, professional experience, geographical location, and specific job roles.
Median Salary in Morocco
[edit]The median salary in Morocco is recorded at 16,700 Moroccan Dirham (MAD) per month, equivalent to approximately USD 1,670.
The median salary signifies the middle point of income distribution, indicating that half of the Moroccan population earns above 16,700 MAD, while the remaining half earns below this figure.
Salary Range in Morocco
[edit]In Morocco, the average salary spans a broad spectrum, with the minimum salary typically starting at 4,910 MAD (USD 491) per month and the maximum salary reaching up to 86,700 MAD (USD 8,666) per month.
Note: The figures presented above reflect average minimum and maximum salary ranges. Actual minimum and maximum salaries may vary depending on various factors.
Average salaries in major cities
[edit]Here’s a list of average salaries in some of the most thriving Moroccan cities:
| City | Average Monthly Salary (MAD) |
|---|---|
| Casablanca | 21,200 |
| Agadir | 17,200 |
| Marrakech | 19,700 |
| Tangier | 20,800 |
| Rabat | 18,700 |
Salary comparison by experience
[edit]Every business demands experienced employees and is willing to pay them more than others.
According to Salary Explorer’s salary survey data of 2022, the same can be said for Morocco:
| Experience Level (in years) | Salary Increase (in percentage) |
|---|---|
| 2 to 5 | 32% |
| 5 to 10 | 36% |
| 10 to 15 | 21% |
| 15 to 20 | 14% |
| 20+ | 9% |
Salary comparison by education
[edit]Here’s how salary figures according to educational qualifications:
| Educational Qualification | Salary Increase (compared to previous level) |
|---|---|
| High School Education | - |
| Certificate or Diploma | +17% |
| Bachelor’s Degree | +24% |
| Master’s Degree | +29% |
| Ph.D. Degree | +23% |
Minimum wages
[edit]The minimum wage is the lowest remuneration an employer must pay its employees, prescribed by a country’s government. [2] [3]
| From | Minimum wage in MAD |
Change | Inflation Rate | Value in USD |
|---|---|---|---|---|
| 2024 | 3 111 | +5.01% | 2.4% | |
| 2022 | 2 828 | +0.06% | 6.66% | $283.1 |
| 2020 | 2 828 | +4.78% | 0.71% | $283.1 |
| 2019 | 2 699 | +5% | 0.30% | $28.09 |
| 2017 | 2 570 | +5.02% | 0.75% | $257.27 |
| 2014 | 2 454 | +5.00% | 0.44% | $245.66 |
| 2010 | 2 234 | +9.95% | 0.99% | $223.64 |
| 2008 | 1 936 | +6.02% | 3.71% | $193.81 |
| 2000 | 1 826 | +9.87% | 1.89% | $182.79 |
| 1994 | 1 510 | +2.49% | 5.14% | $151.16 |
| 1990 | 1 085 | +17.91% | 6.78% | $108.62 |
| 1988 | 838 | +12.63% | 2.37% | $83.89 |
| 1985 | 744 | +9.73% | 7.73% | $74.47 |
| 1983 | 678 | +22.16% | 6.21% | $67.87 |
| 1982 | 555 | +13.27% | 10.53% | $55.56 |
| 1981 | 490 | +0% | 12.49% | $49.05 |
Annual salary increment rate
[edit]A Moroccan employee is typically expected to get a 9% increase in their salary every 17 months. This is higher than the world average of 3% every 16 months.
However, this figure could fluctuate due to different industry standards and experience levels:
1. Annual increment rate by industry
[edit]Here’s a list of different industries and their annual increment rate in 2022: [4]
| Industry | Annual Increment (in percentage) |
|---|---|
| Banking | 2% |
| Construction | 3% |
| Energy | 4% |
| Education | 5% |
| Information Technology | 6% |
| Healthcare | 8% |
| Travel | 1% |
2. Average salary increment rate by experience level
[edit]Every employer tries to attract experienced employees by offering them a higher salary.
Here’s how the salaries increase depending on the employee experience in Morocco in 2022:
| Experience Level | Average Annual Salary Increment |
|---|---|
| Junior Level | 3% – 5% |
| Mid-Career | 6% – 9% |
| Senior Level | 10% – 15% |
| Top Management | 15% – 20% |
Salary comparison by professions
[edit]The 2022 salary survey data of Salary Explorer shows that some of the jobs with higher salaries are in the healthcare sector, aviation industry, and human resource management.
Given below are 10 professions and their respective average salaries in Morocco:
| Profession | Average Annual Salary (MAD) |
|---|---|
| Aerospace Engineer | 24,700 |
| Business Development Manager | 30,600 |
| Construction Project Manager | 33,300 |
| Dentist | 43,800 |
| Human Resources Manager | 28,900 |
| Mechanical Engineer | 19,100 |
| Project Manager | 24,400 |
| Pilot | 34,400 |
| Software Engineer | 18,700 |
| Web Developer | 15,900 |
In Summary
[edit]Morocco emerges as a compelling destination for outsourcing, bolstered by its multilingual proficiency, a youthful and cost-effective labor force, and proactive government support through incentives and favorable policies. The stability of its regulatory environment and ongoing infrastructure development further enhance its appeal to businesses seeking operational efficiency and market expansion. These factors, coupled with its strategic location and growing industries, position Morocco as a key player in the global outsourcing arena. For businesses aiming to optimize operations and tap into new markets, Morocco presents a promising opportunity for sustainable growth and success.
See also
[edit]References
[edit]- ^ Average Salary in Morocco, Salary Explorer, 2024
- ^ THE MINIMUM WAGE IN MOROCCO, Ministry of Economic Inclusion, Small Business, Employment and Skills, 2021
- ^ Study on labor taxation in Morocco, DIRECTORATE OF STUDIES AND FINANCIAL FORECASTS, 2018
- ^ [1]