Morocco’s Economy Set to Grow 3.6% in 2024, Boosted by Agriculture and Global Demand
13 July 2023
Morocco’s Gross Domestic Product (GDP) should record growth of 3.6% in 2024, taking into account a 4.1% evolution of taxes and net product subsidies.
Economic growth
Morocco’s Economy Gains Momentum: 3.4% Growth Expected in Q3, Boosted by Agriculture
7 July 2023
Morocco expects a slight acceleration of its economy this quarter, with growth forecast at 3.4%, compared to 3.2% in the previous quarter, according to forecasts from the High (…)
World Bank Projects 2.5% Growth for Morocco’s Economy in 2023
7 June 2023
The Moroccan economy is expected to grow by 2.5% this year before recording 3.3% in 2024, according to the latest figures published by the World Bank. These figures are mainly (…)
Morocco’s Economy Set to Grow 3.2%, Outpacing North African Neighbors
8 May 2023
After "a painful recession in the agricultural sector due to a historic drought," Morocco should have economic growth of 3.2% this year, compared to +1.3% last year, and (…)
Morocco Retains BB+ Credit Rating as Fitch Cites Economic Resilience
30 April 2023
Fitch Ratings, the American rating agency, has maintained Morocco’s long-term foreign currency debt rating at BB+ with a "stable outlook".
Morocco Ranks 96th in Global Prosperity Index, Excels in Green Economy
17 March 2023
Morocco is the 96th most prosperous country, according to the Legatum Prosperity Index 2023. Several criteria such as economic growth, education level, health, well-being and (…)
Moroccan Cities Face Sharp Price Hikes as Inflation Hits 6.6% in 2022
21 January 2023
At the end of 2022, inflation reached 6.6% and the annual consumer price index (CPI) recorded an increase of 6.6% compared to 2021, according to the High Commission for (…)
Morocco’s Economic Growth Forecast for 2023 Falls Short of Government Expectations
16 January 2023
In 2023, Morocco will have to face significant economic challenges, according to the High Commission for Planning (HCP). Experts from this institution estimate that economic (…)
Morocco Maintains ’BB+’ Credit Rating Despite Drought-Induced Economic Slowdown
6 November 2022
Fitch Ratings confirmed on November 4 Morocco’s long-term foreign currency issuer default rating at "BB+" with a stable outlook. The American rating agency also expects a (…)
Morocco Seeks IMF Support as Foreign Exchange Reserves Dwindle
19 October 2022
Faced with the deterioration of its external position, Morocco will seek the support of the International Monetary Fund (IMF) to strengthen its foreign exchange reserves, (…)