The national economy is expected to grow by 4.6% in 2025, according to the three-year budget implementation and macroeconomic framework report accompanying next year’s appropriation Bill (PLF).
“This notable increase is mainly attributable to a substantial rebound in agricultural value added, under the assumption of an average crop year. At the same time, non-agricultural value added should maintain a growth rate similar to that forecast for 2024”, stated the report, published on the website of the Ministry of Economy and Finance.
The secondary and tertiary sectors should consolidate their performance, with respective growth rates of 2.9% and 4.1% in 2025, the same source added.
The report pointed out that forecasts for the coming year are based on a set of assumptions relating to the national and international environment.
In terms of the international environment, growth in foreign demand for Morocco is expected to yield 3.2%, an average Brent crude oil price of $80 per barrel, and exchange rates of 1.085 Euro/Dollar, 10.77 Euro/Dirham and 9.8 Dollar/Dirham in 2025.
In the national context, a national agricultural campaign estimated at 70 million quintals (Mqx) should lead to a rebound in the agricultural sector, with projected value growth of 11%, while nbon-agricultural value added should continue to expand at a similar pace to the previous year, with a growth rate of 3.7% in 2025.
According to the same report, exports will experience a slight deceleration, due to a return to the average, and should grow by 7.1% in 2025, while imports will increase by 6.8%.
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