Morocco’s Economic Growth Projected at 5% by 2026
The General Directorate of Planning (DGP) anticipates that the Moroccan economy will experience accelerated growth, reaching 5% by 2026, following an estimated 4.7% in 2025. This robust performance is attributed to a rebound in the agricultural sector and sustained strong performance in non-agricultural activities, bolstered by domestic demand and price stability.
Agricultural Sector and Climatic Conditions
The opening of the 2025/2026 agricultural campaign was marked by a rainfall deficit, which was mitigated by significant precipitation starting at the end of November, well-distributed across the region. This has improved the outlook for what promises to be a fruitful agricultural season.
These favorable conditions are also expected to contribute to reservoir filling and the replenishment of groundwater. Livestock farming will benefit from improved vegetation cover, the availability of grazing land, and the national program for herd renewal.
Based on anticipated cereal production surpassing the average, the added value of the agricultural sector is projected to increase by 10.4% in 2026, compared to 4.5% in 2025.
Non-Agricultural Activities
Non-agricultural activities are expected to continue performing well, with an anticipated increase in the secondary sector of 4.2% in 2026, driven by industry, construction, and commercial services, as well as the dynamics of domestic demand and major investment projects.
The tertiary sector is projected to grow by 4.3% in 2026, contributing positively to GDP by 2.3 percentage points, fueled by trade, accommodation and food services, transportation, and non-market services.
Nominal Growth and Inflation
In nominal terms, GDP growth is expected to decrease from 6.7% in 2025 to 6.3% in 2026, leading to a decline in inflation measured by the implicit GDP index, from 1.9% in 2025 to 1.3% in 2026. This reflects the overall improvement in the national economic performance.
