Morocco’s economy is expected to record a growth rate of 5% in 2026, up from 4.7% in 2025, according to projections by the High Commission for Planning (HCP).
In its 2026 provisional budget, the HCP said the projected growth would be driven mainly by a strong recovery in the agricultural sector and solid performance in non-agricultural activities, supported by robust domestic demand and a context of stable inflation. If confirmed, this would mark the fourth consecutive year of accelerating economic growth.
Agricultural activity is forecast to grow by 10.4% in 2026, compared with 4.5% in 2025, benefiting from improved rainfall conditions, better water reserves, a rebound in livestock, and higher cereal production.
As a result, the primary sector as a whole is expected to expand by 10%, contributing 1.1 percentage points to overall GDP growth, up from 0.4 points in 2025.
Non-agricultural activities are projected to grow by 4.3%, led by industry, construction, and market services, supported by the continuation of major investment projects.
The HCP forecasts growth of around 4.2% in the secondary sector in 2026, while the tertiary sector is expected to expand by 4.3%, contributing 2.3 percentage points to GDP growth.
Within services, the trade and repair sector — which accounted for an average of 19.1% of tertiary added value between 2014 and 2024 — is expected to grow by nearly 3.9% in 2025 and 4.6% in 2026, supported by strong national economic momentum and resilient domestic demand amid controlled inflation.
Following a strong rebound, the hotel and food service sector recorded growth of nearly 9.7%, driven by high tourist arrivals, solid travel revenues, and efforts to promote Morocco as a destination and improve accessibility. This positive trend is expected to continue in 2026.
Transport and storage services grew by 4.1% in 2025, compared with 7.4% in 2024, with activity supported by rising rail traffic, increased domestic and international air travel, and steady maritime transport flows.
In nominal terms, GDP growth is projected at 6.3% in 2026, while inflation is expected to ease to 1.3%, down from 1.9% in 2025, according to the HCP.
