Morocco's GDP Grows 4.2% in Q1 2025

Morocco's GDP Grows 4.2% in Q1 2025
Thursday 17 April 2025 - 11:11

Morocco’s gross domestic product (GDP) grew by 4.2% year-over-year in the first quarter of 2025, driven by a 3.1% rebound in agricultural activity, according to a quarterly economic update released Wednesday by the High Commission for Planning (HCP).

The agency said the national economy showed renewed momentum during the quarter, with value-added growth excluding agriculture also rising 4.2% compared to the same period a year earlier.

Domestic demand remained strong, while the negative contribution of foreign trade narrowed to -1.1 percentage points, the HCP noted, citing a notable slowdown in imports and weak export performance.

By sector, market services — especially in hospitality — along with mining and construction were the main drivers of growth, with annual value-added increases of 13.2%, 6.7%, and 6.4%, respectively.

However, growth in manufacturing activity, which is more reliant on foreign trade, was more subdued, reducing its contribution to economic growth by 0.2 percentage points.

Household demand continued to underpin overall performance. Increases in income tied to fiscal and social measures — including wage hikes in both the private and public sectors, and a reduction in personal income tax — supported a 4.5% rise in consumer spending, despite a rebound in consumer prices, the HCP said.

add your comment

Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.

News
Authorities arrest suspect in fatal shooting that killed two near Benslimane
Monday 9 November 2026 - 11:15

Authorities arrest suspect in fatal shooting that killed two near Benslimane

News
Morocco’s net electricity imports from Spain rise 33.6% in first 10 months of 2026
Monday 9 November 2026 - 09:50

Morocco’s net electricity imports from Spain rise 33.6% in first 10 months of 2026

News
Spain seeks secret intelligence files on Morocco warnings before Ceuta migration crisis
Sunday 8 November 2026 - 21:13

Spain seeks secret intelligence files on Morocco warnings before Ceuta migration crisis

Politics
Morocco's 2027 Finance Bill offers informal businesses tax registration without penalties for past years
Sunday 8 November 2026 - 19:09

Morocco's 2027 Finance Bill offers informal businesses tax registration without penalties for past years