According to the High Commission for Planning (HCP), Morocco’s national economic growth improved in the first quarter of 2025, reaching 4.8%.
Taking into account a 6% increase in taxes on products net of subsidies, compared to 6.7% in the same quarter of the previous year, real GDP (adjusted for seasonal variations) recorded a 4.8% increase, up from 3% in the first quarter of 2024.
Non-agricultural activities grew by 4.6%, while the agricultural sector posted a 4.5% increase, according to the same source.
In real terms, the added value of the secondary sector, adjusted for seasonal effects, rose by 4.5%, compared to 3.2% in the same period of the previous year.
This growth was driven by a significant increase in construction and public works (6.3% vs. 2.5%), electricity and water supply (5% vs. 4.2%), manufacturing industries (3.4% vs. 1.7%), and a deceleration in extractive industries (6.7% vs. 19.1%).
The added value of the tertiary sector also accelerated, increasing from 3.8% in Q1 2024 to 4.7% in Q1 2025.
This improvement was marked by notable increases in accommodation and food services (9.7% vs. 3.2%), education, health, and social work services (6.2% vs. 5.9%), public administration and social security services (5.3% vs. 3.4%), trade and vehicle repair services (4.3% vs. 4%),real estate activities (0.8% vs. a decline of 1.4%).
However, some services showed a slowdown, such as transport and storage (4% vs. 6.5%), research and development and business services (3.9% vs. 4%), and information and communication (0.5% vs. 3.3%).
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