Morocco’s economic growth forecast at 5.6% in 2026

Morocco’s economic growth is expected to reach 5.6% in 2026, after improving to 4.8% in 2025, before slowing to 3.5% in 2027, according to projections by Bank Al-Maghrib (BAM).

At the national level, very favorable weather conditions this year are expected to result in a significant increase in agricultural output, the central bank said in a statement issued following the first quarterly meeting of its board in 2026.

The harvest of the three main cereals is projected to reach 82 million quintals, based on an estimated cultivated area of 3.9 million hectares.

In this context, after an estimated growth of 5% in 2025, BAM expects agricultural value added to surge by 14.4% in 2026, before declining by 5.3% in 2027, assuming a return to an average cereal season.

Meanwhile, non-agricultural growth is expected to remain solid at around 4.5%, supported in particular by continued investment in economic and social infrastructure.