Morocco’s economy growing 4.4% through 2027, World Bank says

 The World Bank expects Morocco’s economy to grow at a steady rate of 4.4 percent in both 2026 and 2027, pointing to resilience in domestic demand but also highlighting persistent structural constraints that limit faster expansion.

In its latest projections, the World Bank said the growth outlook reflects a consolidation phase following an expected acceleration in 2025, with Morocco maintaining momentum despite a challenging global environment marked by tighter financial conditions, geopolitical tensions and fragmented trade.

The Bank said Morocco should continue to benefit in the near term from solid domestic consumption and the gradual diversification of its productive base, while warning that some short-term growth drivers are likely to lose steam. Agricultural output is expected to slow after a rebound linked to favourable weather conditions, while manufacturing activity is forecast to expand at a more moderate pace.

Holding growth at 4.4 percent over two consecutive years suggests a balance between supportive and constraining factors, the report said. While the rate would place Morocco above several peer economies, it would fall short of signalling a new phase of acceleration.

The World Bank noted that productivity gains, job creation quality, industrial upgrading and private investment remain key challenges. Without deeper structural reforms in these areas, growth is likely to stabilise rather than climb to a higher trajectory, the institution said.

Regionally, Morocco is grouped among oil-importing economies, where average growth is expected to hover around 4 percent over the medium term. In contrast, oil-exporting countries are projected to post stronger growth, supported by higher production levels and expanding non-oil sectors, particularly in the Gulf.

The Bank said Morocco’s outlook reflects prudent macroeconomic management in an uncertain global context, but added that medium-term performance will remain closely tied to developments in key sectors, external demand and global financing conditions.