Morocco : Economic growth forecast at 3.9% in 2025

According to projections by Bank Al-Maghrib (BAM), Moroccan economy has grown by 3.2% in 2024, gradually accelerating to 3.9% in 2025 and 4.2% in 2026.

These forecasts indicate medium-term stability in non-agricultural growth at around 4.2%, driven primarily by a surge in infrastructure investment, BAM stated in a press release issued following its first quarterly Board meeting of 2025.

Agricultural value added, meanwhile, remains highly dependent on climatic conditions and is estimated to have declined by 4.7% in 2024, the same source noted.

Based on a preliminary estimate from BAM, this year's cereal harvest is expected to reach 35 million quintals. Coupled with an anticipated improvement in non-cereal production, agricultural value added is projected to grow by 2.5% in 2025 before surging by 6.1% in 2026, assuming a return to an average harvest of 50 million quintals.