Akhnouch: The Moroccan Economy is Experiencing a Recovery with Growth Reaching 3.8% in 2024 and Expected to Hit 4.8% in 2025
In a recent statement, Prime Minister Aziz Akhnouch confirmed that the Moroccan economy has seen significant recovery despite global challenges, noting that the growth rate reached 3.8% in 2024, following a rate of 3.7% in 2023, and is projected to reach 4.8% by the end of 2025.
During a monthly accountability session in the House of Representatives focused on promoting very small and small enterprises, Akhnouch highlighted that the average growth in the first half of 2025 stood at 5.2%, driven by improvements in value addition in both the agricultural and non-agricultural sectors.
Regarding the agricultural sector, the Prime Minister emphasized that production has demonstrated strong dynamism thanks to national plans, particularly in high-value crops. He expects an output of two million tons of olives (+106%), 1.9 million tons of citrus fruits (+27%), and 160,000 tons of dates (+55%). He assured that this recovery will have a positive impact on rural employment, referring to a 10.6% increase in cement sales until November 2025 as an indicator of activity in construction and works.
Akhnouch also noted a decrease in inflation to 0.9% in 2024, with a recorded rate of about 0.1% in October 2025, resulting in a cumulative rate of 0.8%.
On employment, the Prime Minister reported that the economy created 213,000 jobs during the third quarter of the current year, with a net increase of 173,000 jobs when accounting for agriculture, forestry, and fishing. This marks the fifth consecutive quarter of positive net job creation.
Akhnouch defended his government’s efforts to boost investment and support very small, small, and medium enterprises, recalling that the government has issued a charter and regulatory decrees defining the eligible categories for support and the number of job opportunities required for each region. He challenged those who criticized the delay of this initiative over the past 26 years.
He mentioned raising the minimum investment threshold from 100 million dirhams to 250 million dirhams, adding that the number of job opportunities created from investment projects has increased sixfold between 2020 and 2024, rising from 11,200 to 69,830 positions.
