Moroccan families' borrowing peaks in 2025
Moroccan households' debt recorded the highest growth rate since 2012 in 2025, increasing by 6.9% to reach 456 billion dirhams. This was detailed in a joint report by Bank Al-Maghrib and the Insurance and Social Security Control Authority, where households benefited from eased borrowing conditions, while the debt-to-GDP ratio remained stable at 27%. Housing accounted for 60% of the total debt, with the average debt ratio rising to 36%, and the number of borrowers whose debt exceeds 40% of their income increased to 38%. Non-performing loans also rose to 47 billion dirhams, a 5.8% increase. Meanwhile, households' financial position showed a notable improvement, reaching 1,192 billion dirhams—a 7.5% increase—supported by higher bank deposits and investments in marketable securities.
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