International Report: Morocco Maintains Investment Attractiveness and Expected Economic Growth
A recent report from Allianz Research states that Morocco retains a low business risk level, rated B1, reflecting a relatively stable economic environment conducive to attracting investments compared to several emerging economies.
The report, titled Country Risk Atlas: Under the Surface, predicts that Morocco’s economy will grow by 3.7% in 2026 and 3.5% in 2027, driven by an expansion in industrial production, increased foreign investment flows, and a recovery in the agricultural sector after years of drought.
The same source noted that the manufacturing, energy, and mining sectors remain key growth drivers, with tourism activity expected to rebound by approximately 20%, supported by the hosting of the Africa Cup of Nations in 2025.
On the financial side, the report anticipates a decline in government debt service costs to about 3% of GDP by 2027, with the debt-to-GDP ratio beginning to decrease from 2024, indicating a gradual improvement in financial stability indicators and a better capacity for managing debt.
The study emphasizes Morocco’s economic strength through the diversity of its production base and its integration into European supply chains, particularly through automotive and phosphate exports. However, it also highlights structural challenges, including rising bankruptcy rates in certain sectors, persistent youth unemployment, and the expansion of the informal sector.
The report confirms that the kingdom’s future strategies focus on developing infrastructure, diversifying the economy, enhancing investment attractiveness, and solidifying Morocco’s position as a regional hub for renewable energy while linking it to international markets, despite ongoing global economic fluctuations.
