A report issued by the High Commission for Planning in Morocco showed that the Moroccan economy began 2025 with strong performance, recording significant growth in GDP compared to last year. According to the data, the economy grew by 4.8% during the first quarter of this year, compared to only 3% during the same period in 2024.
This strong performance is attributed to the recovery of the agricultural sector and the continued strength of non-agricultural sectors, in addition to increased domestic demand and declining inflation rates, which boosted the country’s overall economic growth.
The report indicated that non-agricultural activities were the main driver of growth, with their value increasing by 4.6% compared to 3.6% the previous year. The secondary sector performed well, growing by 4.5% compared to 3.2% last year. The construction and public works sector recorded the highest growth rates at 6.3%, followed by the electricity and water sector at 5%, and then the manufacturing sector at 3.4%. In contrast, growth in the typically volatile mining sector slowed, recording only 6.7% growth, compared to 19.1% in the first quarter of 2024.
The services sector also saw notable growth, growing by 4.7% compared to 3.8% last year. The hotels and restaurants sector led this growth, rising by 9.7%, followed by the social and health services sector at 6.2%, administrative services at 5.3%, and retail trade at 4.3%.
The real estate services sector returned to positive growth, registering 0.8% growth after declining by 1.4% last year. However, some sectors saw a slowdown, including the transportation sector, which grew by 4% compared to 6.5% previously, and the information and communications sector, which recorded slight growth of 0.5% compared to 3.3% last year. The agricultural sector recorded a strong recovery in the first quarter of 2025, growing by 4.3% after contracting by a similar rate in the same period last year.
This recovery was led by the crop production sector, which grew by 4.5%, following a 5% decline the previous year. In contrast, fishing activities declined slightly by 0.3%, after recording a growth of 10.6% last year.
The report showed a slowdown in price pressures during the first quarter of 2025, with inflation declining to 2.1% compared to 3.8% in the same period last year, helping maintain nominal GDP growth at a stable level of 6.9%, close to last year’s rate of 6.8%.
A recent economic report issued by the World Bank predicted that the Moroccan economy would grow by 3.6% in 2025, as the country continues its efforts to address inflation challenges and strengthen its economic and financial stability.
