Moroccans shun self-employed status

Despite incentives for self-employment, the unemployed prefer to seek salaried employment, reveals Bank Al-Maghrib (BAM) in a recent report.

In this report addressed to King Mohammed VI, the Central Bank notes a significant increase in salaried employment of 2.1% per year between 1999 and 2023, compared to 0.8% for total employment. Last year, salaried employment increased by 10.4% in both urban and rural areas. In 2023, out of the 10.6 million employed workers, 6.2 million, or 58.9%, are employees, indicates the BAM report, emphasizing that the self-employed (3.2 million, or 30.1%) and family helpers and apprentices (nearly 1.2 million, or 10.8%) make up the remaining share. In urban areas, 71.1% of jobs are salaried compared to 39.9% in rural areas. This rate is slightly higher among men (59.3%) than among women (57.4%), the document details.