Morocco’s economy grew by 4.9 percent in 2025, driven by a strong recovery in agriculture and sustained investment growth, official data showed, despite a slowdown in non-agricultural sectors and weaker household consumption.
According to national accounts released by the High Commission for Planning (HCP), the North African country’s gross domestic product (GDP) accelerated from 4.4 percent growth in 2024 to 4.9 percent in 2025.
The expansion was largely underpinned by a sharp rebound in the agricultural sector, which recovered from a contraction the previous year and helped offset slower growth in manufacturing and services.
The primary sector expanded by 7.1 percent in 2025 after shrinking by 5.1 percent in 2024. Agricultural activity rose by 8.2 percent, reversing the decline recorded a year earlier, as improved conditions boosted farm output. However, the fisheries sector contracted by 13 percent during the same period.
Agriculture remains a critical pillar of Morocco’s economy, employing a significant share of the workforce and contributing substantially to rural incomes. The sector’s performance is often influenced by weather conditions and rainfall patterns, making annual growth figures particularly sensitive to agricultural output.
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Growth in non-agricultural activities slowed to 3.9 percent in 2025 from 5.1 percent the previous year, reflecting mixed performances across industry and services.
The secondary sector, which includes manufacturing, mining and construction, expanded by 3.3 percent compared with 3.8 percent in 2024. Mining activities emerged as one of the strongest performers, posting growth of 7.5 percent, supported by continued demand for phosphate and other mineral products.
Manufacturing growth slowed to 1.9 percent, indicating weaker industrial momentum. By contrast, the construction and public works sector accelerated to 6.7 percent, benefiting from ongoing infrastructure projects and investment spending.
Utilities, including electricity, gas, water supply and sanitation services, recorded a marked slowdown compared with the previous year.
The services sector also lost some momentum, growing by 4.3 percent in 2025 compared with 5.6 percent in 2024.
Transport and storage activities expanded by 4.2 percent, while accommodation and food services maintained robust growth of 7 percent, reflecting continued recovery in tourism and related sectors.
Financial and insurance services recorded slower growth, while information and communication activities contracted during the year, according to the HCP.
On the demand side, household consumption, traditionally a major driver of economic activity, grew by just 1.2 percent, significantly lower than the 2.9 percent recorded in 2024. The slowdown suggests consumers remained cautious despite stronger overall economic growth.
Public consumption increased by 5.1 percent, although this represented a more moderate pace than in previous periods.
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Investment remained the standout contributor to economic expansion. Gross investment surged by 16.3 percent in 2025 after rising 13.9 percent the previous year, underscoring continued confidence in infrastructure development, business expansion and public projects.
The strong investment performance made a substantial contribution to overall GDP growth and helped compensate for softer consumer spending.
At current prices, Morocco’s GDP increased by 6.5 percent during the year. The figures also pointed to a relatively stable inflation environment, with the implicit GDP deflator estimated at 1.6 percent.
The HCP said domestic demand remained the principal engine of growth, with investment playing a particularly decisive role in supporting economic activity.
The latest figures highlight Morocco’s ability to sustain economic expansion amid global uncertainties, aided by a recovery in agriculture and continued investment momentum. However, the moderation in non-agricultural growth and household spending suggests challenges remain as policymakers seek to broaden the sources of economic growth and strengthen resilience across key sectors of the economy.
