Morocco’s economy is expected to grow by 5% in 2026, up from 4.7% in 2025, according to the High Commission for Planning (HCP).
Growth will be driven mainly by a strong recovery in agriculture and solid performance in non-agricultural sectors, supported by strong domestic demand and stable inflation, HCP says in its 2026 Provisional budget. This would mark the fourth consecutive year of accelerating growth.
Agriculture is expected to grow by 10.4% in 2026 compared to 4.5% in 2025, helped by improved rainfall, better water reserves, a rebound in livestock, and higher cereal production.
The primary sector overall should grow by 10%, contributing 1.1 percentage points to Gross Domestic Product (GDP) growth, up from 0.4 points in 2025
Non-agricultural activities are forecast to grow by 4.3%, led by industry, construction, and market services, supported by major investment projects.
The secondary sector should grow by about 4.2% in 2026, while the tertiary sector is expected to expand by 4.3%, contributing 2.3 points to GDP growth.
The trade and repair sector, with an added value of 19.1% to the average tertiary added value over the period 2014-2024, is expected to grow by nearly 3.9% in 2025 and 4.6% in 2026, benefiting from strong national economic momentum and robust domestic demand in a context of controlled inflation.
After a strong recovery, the hotel and food service sector posted growth of nearly 9.7%. This expansion should be supported in particular by major tourist arrival numbers, solid travel revenues, and efforts to strengthen the promotion of Morocco as a destination and improve its accessibility. In 2026, this momentum is expected to continue.
Transport and storage services grew by 4.1% in 2025, compared with 7.4% in 2024. This momentum should benefit from continued growth in rail traffic, increased domestic and international air traffic, and steady overall maritime transport traffic.
In nominal terms, GDP growth is forecast at 6.3% in 2026, while inflation is expected to ease to 1.3%, down from 1.9% in 2025.
MAP: 20 January 2026
