The Moroccan economy recorded a growth rate of 4.3% during the third quarter of 2024, compared to 3% in the same period last year.
This economic boom is largely due to an increase in domestic demand and takes place in a context of controlled inflation, according to data from the High Commission for Planning (HCP).
Although the economy continues to face obstacles related to increasing financing needs, economic performance showed a mixed trend during the third quarter.
The non-agricultural sectors performed well, with growth of 5.1% in volume, while agricultural activities contracted by 5.2%, dragging the entire primary sector in their wake.
Thus, if the non-agricultural sectors have shown flexibility, the agricultural sector and certain services continue to encounter difficulties. Improving GDP growth and reducing inflation mark progress, but gaps in structural financing and the need for a balanced recovery across all sectors highlight the work that remains to be done.
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Morocco
