These countries are evidence of different ways of thinking about it. Depending on what industry you are in, what your tolerance of risk is and what you are looking to get, you could go to other countries. We wanted to highlight some of those countries in order to show some examples of countries that are, in their class, best prospects. Identifying these classes, however, was challenging, as Africa is not only huge but has very diverse nationstates.
Morocco
Morocco is the westernmost country in the Maghreb region of Africa. It has all of the basic fundamentals of a well-developing country: good governance, political stability, financial infrastructure, and a good economy. A constitutional monarchy, Morocco is the only African country that is not currently a member of the African Union. However, it is a member of the Arab League, Arab Maghreb Union, Organization of the Islamic Conference, Mediterranean Dialogue group, and Group of 77, and is a major non-NATO ally.
According to the African Development Bank, Morocco's GDP of $147 billion accounts for 6% of the African continent. This makes Morocco the fifth largest economy in Africa, after South Africa, Egypt, Algeria and Nigeria. The economy is characterized by exchange with countries outside of Africa, with France as its largest trade partner, creditor and foreign investor.
Morocco's largest source of income comes from the mining of phosphates. Its second largest source of income is from nationals living abroad who transfer money to relatives living in Morocco. The country's third largest source of revenue is tourism. The Moroccan workforce is largely agricultural, and Morocco has an unemployment rate of 7.7% with 19% of the Moroccan population living below the poverty line.
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