Morocco’s economy expanded at a faster pace in 2025,recording growth of 4.9 percent against 4.4 percent in the previous year,according to national accounts published by the Haut-Commissariat au Plan. The improvement was underpinned by resilient domestic demand and a marked deceleration in inflation,though the data also point to an increase in the economy’s overall financing requirements.
The primary sector delivered the strongest sectoral performance,with value added rising 7.1 percent on the back of an 8.2 percent rebound in agricultural activity. This recovery stands in contrast to the fishing subsector,which contracted sharply by 13 percent after growing 8.8 percent in 2024,illustrating the uneven dynamics within primary activities.
The secondary sector decelerated slightly to 3.3 percent from 3.8 percent,with mixed results across its components. Extractive industries slowed to 7.5 percent growth after posting 11.5 percent in 2024,while manufacturing edged down from 2.1 percent to 1.9 percent. Construction and public works moved in the opposite direction,accelerating to 6.7 percent from 6 percent,reflecting the sustained momentum of major infrastructure and building programs. Electricity,gas,water,and waste management registered a sharp deceleration,falling to 0.6 percent from 5.4 percent the prior year.
The tertiary sector also slowed,expanding by 4.3 percent compared with 5.6 percent in 2024. The services sector’s moderation contributed to the mixed picture across the economy’s broader structure,even as overall performance improved year-on-year.
At current prices,gross domestic product expanded by 6.5 percent,compared with 8.7 percent in the previous year,reflecting a normalization of price dynamics. The general price level rose by a limited 1.6 percent,confirming that the inflationary pressures of previous years have substantially eased and that Morocco’s broader economic momentum is increasingly driven by real output gains rather than nominal price effects.
United News - unews.co.za