Morocco’s Economy Gains Momentum: 3.4% Growth Expected in Q3, Boosted by Agriculture

According to the HCP, the agricultural sector plays an important role in this recovery, with an expected increase in value added of 6.8%, thanks in particular to anti-drought measures guaranteeing a sufficient supply of barley for livestock.

The non-agricultural sector will not be left behind, with expected growth of 3.3%. This recovery is mainly supported by the resilience of demand, particularly favoring accommodation and catering services since mid-2021. In addition, manufacturing production should increase by 1.6%, driven by growing demand for construction-related industries and continued growth in the manufacture of transport equipment.

At the same time, the services sector should experience growth of 4.5%, while the construction sector should gradually regain its colors thanks to an increase in the production of social housing.