Morocco’s economy grows 5.5% in Q2 2025, driven by domestic demand

According to the High Commission for Planning (HCP), Morocco’s national accounts for the second quarter of 2025 show that the national economy grew by 5.5%, compared with 3% in Q2 2024.

This growth was driven mainly by domestic demand, in a context marked by controlled inflation but rising financing needs for the economy, the HCP noted in an information brief on the national economic situation in Q2 2025.

Non-agricultural activities recorded a volume increase of 5.5%, while the agricultural sector grew by 4.7%, according to the same source.

In terms of volume, value added (VA) in the primary sector rose by 4.2% after a decline of 4.8% a year earlier, spurred by agricultural activity (+4.7%) but weighed down by a drop in fishing (-7.7%).

The secondary sector posted a 7.4% increase in value added, compared with 3.1% in the same quarter of 2024. This performance was the result of higher value added in electricity and water (+8.9%), manufacturing industries (+6.9%), and construction and public works (+6.7%).

Meanwhile, the tertiary sector saw its growth rate rise from 4.2% in Q2 2024 to 4.8% in Q2 2025. This was driven by stronger activity in accommodation and food services (+10.5%), public administration and social security services (+4.8%), and trade and vehicle repair (+4.4%). However, some branches slowed down, including education, health, and social work (+5.7% after +6.4%) as well as transport and storage (+4.3% after +7.9%).

At current prices, GDP increased by 7.8% in Q2 2025, compared with 6.9% a year earlier. This corresponds to a slowdown in the general price level, which eased to 2.3% compared with 3.9% in the same quarter of 2024.