The High Commission for Planning expects continuous economic growth for Morocco during 2025 and 2026. According to the “Economic Budget Forecast for 2026,” the national economy is projected to maintain an upward momentum, recording a growth rate of 4.4% in 2025 and 4% in 2026. This dynamism is attributed to improved agricultural performance and enhanced domestic demand, which supports growth in non-agricultural activities.
It is anticipated that the growth of the gross domestic product (GDP) in value terms will rise from 6.4% in 2025 to 5.6% in 2026, with limited inflation. The implicit GDP deflator is expected to reach 1.5% in 2026, down from 1.9% in 2025.
The agricultural sector is poised for significant recovery following a downturn in 2024, with projections estimating an increase in added value of 4.7% in 2025, followed by 3.3% in 2026. This growth is driven by enhanced crop varieties and growth in livestock activities. The fishing and aquaculture sectors are also expected to benefit from relocation and improved product valuation, alongside increasing external demand. Overall, the primary sector is expected to contribute 0.5 percentage points to GDP growth in 2025, and 0.3 points in 2026.
Non-agricultural activities are projected to grow by 4.3% in 2025 and 4% in 2026, bolstered by the construction, industry, and services sectors. The manufacturing sector is expected to grow by 3.6% in 2025, benefiting from improvements in the chemical and food industries, while the textile sector is anticipated to see moderate growth. The mining sector is expected to maintain its dynamism, with growth exceeding 5% in 2026.
The construction and public works sector is expected to see notable improvement, with projected growth of 4.9% in 2025 and 4.1% in 2026, supported by major projects in preparation for hosting the Africa Cup of Nations and the World Cup, alongside reconstruction programs and direct housing support.
The transport equipment manufacturing sector is anticipated to face challenges in 2025 due to technical, commercial, and situational conditions; however, stability in local investments could aid in its recovery later. The contribution of secondary sectors to national economic growth is expected to be around 1.1 percentage points over the next two years.
The tertiary sector continues to affirm its role as a growth engine, with expected growth of 4.4% in 2025 and 4% in 2026, contributing 2.3 and 2.1 percentage points to GDP, respectively, which reflects the resilience and expansion of services within the Moroccan economy.
