Growth forecast at 3.8% in 2025 (HCP)

Morocco’s Gross Domestic Product (GDP) is expected to grow by 3.8% in 2025 after an increase of 3% estimated in 2024, following a moderate recovery in the agricultural sector and the continued performance of non-agricultural activities, according to the High -Plan Commission (HCP).

These forecasts take into account the expected increase in taxes on net subsidy products of 5% in 2025 after 5.7% in 2024, indicates the HCP which has just published its 2025 forecast economic budget.

In value terms, GDP growth is expected to increase from 4.5% in 2024 to 5.9% in 2025, giving rise to inflation, measured by the implicit GDP index of 2.1% in 2025 after 1.5% expected in 2024, specifies the same source.