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Publication director: Mohamed Khartouf
Economy

Salary scale in Africa: Morocco well positioned

In the context of the global economy, Morocco stands out as the nation with the highest salaries on the African continent. According to an analysis published by the periodical CEOWORLD, the average Moroccan monthly income in 2024 amounted to 1,657 US dollars, which places the kingdom 48th in the world. This report, based on authentic information from the United Nations, considers gross salary, including all bonuses and benefits, before taxes and deductions. Although Morocco occupies a preeminent position on the continent, it faces a notable gap in comparison with international standards. The lowest salaries in Africa are recorded in Lesotho, Angola and Malawi, where average salaries do not cross the thresholds of 24, 27 and 31 dollars respectively. These data illustrate the economic challenges and reduced per capita gross domestic product of these states. In the Arab sphere, the United Arab Emirates and Qatar dominate with average monthly incomes of $3,663 and $3,168, respectively. Globally, Switzerland ranks first with an average salary of $8,111, followed by Luxembourg, the United States, Iceland and Norway. During his final weekly speech, government spokesperson Mustapha Baitas outlined the progress of the current social dialogue, considered crucial. While the talks are proving difficult, the executive branch wants to be reassuring towards the social partners, seeking to establish trust from the start of the discussions to establish a solid basis. Baitas expressed the administration’s determination to develop solutions in favor of workers. However, this resolution meets a set of demands. On the side of the unions, the demands are explicit: a general increase in salaries for public and private employees, in addition to the 10% increase in the SMIG decided in 2023. The UMT for its part wishes to increase the SMIG to 5,000 dirhams, a proposal firmly rejected by the Moroccan Confederation of Very Small and Medium Enterprises, which considers this increase to be unsustainable. The most lucrative fields include finance, insurance, electric power, mining, information technology, retail and education. Conversely, the lowest paid jobs are often linked to administrative assistance, hospitality and construction. The report highlights the significant wage gaps that persist internationally. Purchasing power, impacted by elements such as inflation, the economic consequences of the pandemic and current geopolitical tensions, remains an essential barometer of living standards. Therefore, strong economies and stable policy frameworks are essential to ensure a high and equitable quality of life.

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