chargement...
Morocco’s economic growth is projected to accelerate this year, with real GDP expected to reach 4.4% compared to 3.8% in 2024. By 2026, it is forecast to stabilize at 4.2%, according to the latest global outlook from the International Monetary Fund (IMF). Despite this positive trend, unemployment is set to remain high, at 13.3% in 2024, 13.1% in 2025, and 12.7% in 2026.
In its October report on the global economic outlook, the IMF projects worldwide growth of 3.2% in 2025, slightly down from 3.3% in 2024. The report notes that growth should «settle around 1.5% in advanced economies and just above 4% in emerging and developing countries».
Contrasting Figures Across the Arab Region
Morocco’s projections stand above the regional average for the Middle East and North Africa (MENA), estimated at 2.1% in 2024, 3.3% in 2025, and 3.7% in 2026. The IMF has highlighted the resilience of Morocco’s economy despite persistent drought conditions, with domestic demand helping to offset some of the negative impact.
According to the institution, Morocco’s GDP growth will be driven primarily by «the start of a new cycle of infrastructure projects and the continued implementation of structural reforms».
Within the Arab world, the United Arab Emirates shows stronger performance, with growth of 4%, 4.8%, and 5% over the same period. Mauritania’s GDP is forecast at 6.3%, 4%, and 4.3%, while Tunisia’s growth remains modest at 1.6%, 2.5%, and 2.1%. Algeria, by contrast, is expected to see a slowdown, with growth dropping from 3.7% in 2024 to 2.9% in 2026.
Morocco’s forecasts also compare favorably with other regional economies. Saudi Arabia is projected at 2% in 2024 and 4% in both 2025 and 2026. Iraq could recover from –0.2% in 2024 to 0.5% in 2025 and 3.6% in 2026. Qatar shows steady improvement (2.4%, 2.9%, and 6.1%), while Kuwait, Oman, Egypt, and Jordan are expected to grow between 2% and 4.5%.
Emerging Economies Show Stronger Momentum
Morocco’s outlook also aligns with trends seen in major emerging economies, particularly those with which the Kingdom maintains strong trade relations. China is projected to grow by 5% in 2024, 4.8% in 2025, and 4.2% in 2026. India leads with 6.5%, 6.6%, and 6.2%, while Russia shows slower progress at 4.3%, 0.6%, and 1% respectively.
Among Morocco’s main Western partners, growth remains more subdued and closer to the IMF’s 1.5% forecast for advanced economies. The United States is expected to record 2.8%, 2%, and 2.1%; the United Kingdom, 1.1%, 1.3%, and 1.3%. In the European Union, Spain is forecast at 3.5%, 2.9%, and 2%, while France and Germany are projected at 1.1%, 0.7%, 0.9%, and 0.5%, 0.2%, 0.9%, respectively.
The IMF warns that global prospects remain subject to downside risks, citing persistent uncertainty, rising protectionism, labor market disruptions, and growing vulnerabilities in public finances.
