Morocco's economic growth expected at 4.4% in 2026

Morocco's economic growth expected at 4.4% in 2026
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Tuesday 22 September 2026 - 18:20

Morocco’s global economic growth is expected to slow from 4.9% in 2025 to 4.4% this year and 2.9% in 2027, according to Bank Al-Maghrib (BAM) outlook.

Agricultural value added is expected to rebound by 16% this year, based on a cereal harvest estimated by the Department of Agriculture at 93 million quintals (MQx), before declining by 7.6% in 2027, assuming a return to an average cereal output of 50 MQx, BAM states in a press release issued following its Board’s third quarterly meeting of 2026.

As for non-agricultural activities, their growth rate is expected to slow from 4.5% in 2025 to 3.1% this year, reflecting less favorable-than expected developments in some sectors, particularly mining and manufacturing, before rebounding to 4% in 2027.

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