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Moroccan Official Figures: GDP growth at 5.4%, Agriculture at 19.9%, and Investment at 11.1%
The High Commission for Planning forecasted that the Moroccan economy will experience faster growth of 5.4% year-on-year during the third quarter of 2026, following a slowdown observed in the first half of the year. This growth is driven by a recovery in the agricultural sector, which is expected to increase by 19.9%, as well as improvements in the industrial sector and international trade flows, with manufacturing value added rising by 1.8% and 4.4%, respectively. Additionally, household consumption will play a major role in the growth, contributing about 4.9%, supported by improved incomes and a reduction in inflationary pressures, projected to reach 1.2%. However, growth will face negative pressures from external trade, as imports are expected to contribute around 12.4%, compared to 10.2% for exports, thus limiting the overall growth impact. The report also highlighted that the economy faces geopolitical risks and impacts on energy prices and costs, despite the continued recovery in the agricultural sector and domestic demand.
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