Morocco’s Economy Projected to Grow 3.8% in 2025, HCP Reports

According to the HCP, Morocco’s Gross Domestic Product (GDP) should grow by 3.8% in 2025. The primary sector should see an improvement of 4.2%, contributing 0.4 points to GDP growth. As for the agricultural value added, it should increase by 4.1% this year, if cereal production is below average.

Regarding non-agricultural activities, they should record an increase of 3.6% in 2025, supported by the continued momentum of the construction sector, mining activities, and industrial activities, as well as the continued good performance of trade, tourism and transport activities, HCP indicates.

In 2025, domestic demand should continue to support economic activity, with an increase of 4.2%, the institution specifies, noting that national savings should reach 28.3% of GDP. The level of gross investment, for its part, should be around 29.8% of GDP this year, while the financing requirement should stabilize at 1.5% of GDP.

The HCP also reports that the trade deficit should see a lightening to stand at 19.6% in 2025. As for the current account deficit, it should stand at 1.5% of GDP, while the budget deficit would be lightened to around 3.9% of GDP. Regarding the overall public debt, it should stabilize around 83.3% of GDP, while the money supply should grow by 5% in 2025.