Morocco's national economic growth is projected to accelerate significantly in 2025, reaching 4.6%, before stabilizing at 4.4% in 2026, according to updated forecasts from the country's Central Bank, Bank Al-Maghrib (BAM). The agricultural sector's value added is projected to grow by 5% in 2025, based on a cereal harvest estimated by the Ministry of Agriculture at 44 million quintals (MQx), and by 3.2% in 2026, assuming an average cereal output of 50 MQx, BAM stated following the second quarterly meeting of its board in 2025. As for non-agricultural sectors, growth is projected to remain steady at around 4.5% in both 2025 and 2026, largely driven by strong momentum in infrastructure investment, the same source noted. BAM also pointed out that national annual accounts published by the High Commission for Planning (HCP) show that economic growth reached 3.8% in 2024, much higher than what quarterly data for the year had previously suggested.
