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Morocco's Growth Forecasts for 2026 and 2027

Morocco's Growth Forecasts for 2026 and 2027

The Bank of Morocco expects the national economy's growth to slow down from 4.9% in 2025 to 4.4% in 2026, and then to 2.9% in 2027. There will be a surge in agricultural value-added, increasing by 16% in 2026 due to cereal production, which the Ministry of Agriculture estimates at 93 million quintals. However, a decline of 7.6% is anticipated in 2027, resulting from a return to an average production of 50 million quintals. As for non-agricultural activities, their growth will decrease from 4.5% in 2025 to 3.1% in 2026, before picking up again to 4% in 2027, although some sectors, such as extractive and manufacturing industries, are expected to experience deterioration.

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