The economy of Morocco advanced by 4% year-on-year in Q2 2026, following growth of 4.6% in Q1 and 5.8% a year ago. The expansion was mainly driven by agricultural activity, which surged by 21.2%, while non-agricultural activities rose by 1.5%. Within the non-agricultural sector, the services sector grew by 4%, driven by strong performance in financial services and insurance (7.7%), education, human health and social work (6.4%); accommodation & food services (6.6%) and public administration and social security activities (6.4%). Conversely, the secondary sector contracted by 3.9%, reflecting sharp declines in extractive industries (-28.6%) and manufacturing (-3.2%), partly offset by growth in construction (2.8%) and utilities (1.9%). On the demand side, household consumption rose by 4.1% and government spending by 4.6%, while investment advanced 6.8%. Net external demand was a drag on GDP growth, as imports jumped by 9.1%, outpacing the 7.6% growth in exports. source: Haut Commissariat au Plan

The Gross Domestic Product (GDP) in Morocco expanded 4 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Morocco averaged 3.64 percent from 1999 until 2026, reaching an all time high of 14.30 percent in the second quarter of 2021 and a record low of -14.90 percent in the second quarter of 2020. This page provides the latest reported value for - Morocco GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Morocco expanded 4 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Morocco is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco GDP Annual Growth Rate is projected to trend around 2.90 percent in 2027 and 3.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-30 10:20 AM
GDP Growth Rate YoY
Q1 4.6% 4.1% 5.0%
2026-09-30 11:50 AM
GDP Growth Rate YoY
Q2 4% 4.6% 4.8%
2026-12-31 10:00 AM
GDP Growth Rate YoY
Q3 4% 4.3%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.00 4.60 percent Jun 2026
GDP Constant Prices 350273.00 347396.00 MAD Million Jun 2026
GDP from Agriculture 34014.90 33405.70 MAD Million Jun 2026
GDP from Construction 17864.00 17342.00 MAD Million Jun 2026
GDP from Manufacturing 45712.00 45476.00 MAD Million Jun 2026
GDP from Mining 4728.00 6119.00 MAD Million Jun 2026
GDP from Public Administration 37032.00 36757.00 MAD Million Jun 2026
GDP from Services 199156.00 196440.00 MAD Million Jun 2026
GDP from Transport 9856.00 9797.00 MAD Million Jun 2026
GDP from Utilities 7925.00 7595.00 MAD Million Jun 2026
Gross Fixed Capital Formation 481964.00 418304.00 MAD Million Dec 2025


Morocco GDP Annual Growth Rate
Morocco is the sixth largest economy in Africa. The Services sector is the most important and accounts for 54 percent to total GDP. The biggest segments within Services are: wholesale and retail trade (9 percent of total GDP); public administration (9 percent); transport (4 percent); and hotels and restaurants (2 percent). Industry accounts for 23 percent of the GDP and the largest segments within this sector are: manufacturing (15 percent of total GDP); construction (5 percent); electricity and water supply (2 percent); and mining (2 percent). The Agriculture sector accounts for 13 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.60 14.30 -14.90 1999 - 2026 percent Quarterly

News Stream
Morocco GDP Growth Stays Robust in Q2
The economy of Morocco advanced by 4% year-on-year in Q2 2026, following growth of 4.6% in Q1 and 5.8% a year ago. The expansion was mainly driven by agricultural activity, which surged by 21.2%, while non-agricultural activities rose by 1.5%. Within the non-agricultural sector, the services sector grew by 4%, driven by strong performance in financial services and insurance (7.7%), education, human health and social work (6.4%); accommodation & food services (6.6%) and public administration and social security activities (6.4%). Conversely, the secondary sector contracted by 3.9%, reflecting sharp declines in extractive industries (-28.6%) and manufacturing (-3.2%), partly offset by growth in construction (2.8%) and utilities (1.9%). On the demand side, household consumption rose by 4.1% and government spending by 4.6%, while investment advanced 6.8%. Net external demand was a drag on GDP growth, as imports jumped by 9.1%, outpacing the 7.6% growth in exports.
2026-09-30
Morocco GDP Grows 4.6% YoY in Q1
Morocco’s economy expanded by 4.6% year-on-year in Q1 2026, up from 4.1% in the previous quarter. The primary sector posted strong growth of 17.3%, driven by an 18.4% increase in agriculture, while fishing declined by 1.9%. The services sector also expanded (4.3%), supported mainly by financial and insurance activities (7.6%) and transportation and storage (4.8%). By contrast, the secondary sector contracted by 1.0%, weighed down by declines in electricity and water (-3.4%), mining (-3.2%), and manufacturing (-1.3%). On the expenditure side, domestic demand rose by 6.5%, driven by household consumption (4.6%), government spending (4.9%), and investment (10.8%). Imports increased by 12.7%, while exports rose at a slower pace of 9.2%.
2026-06-30
Morocco Q3 GDP Annual Growth Slows to 4%
Morocco’s economy expanded by 4.0% year-on-year in Q3 2025, down from 5.5% in Q2 and 5.0% in the same period a year earlier, marking the weakest GDP growth since Q4 2024. Growth was driven by non-agricultural activities (3.8%) and agricultural activities (4.4%). The secondary sector grew 3.8%, supported by electricity, gas, water, sanitation & waste treatment (5.9%), construction and public works (5.6%), and manufacturing (2.6%). The tertiary sector rose 4.2%, led by accommodation and food services (7.4%), financial services and insurance (6.8%), education, health, and social work (5.7%), transportation and warehousing (3.5%), and trade and repair of motor vehicles (3.2%). By contrast, fisheries activities plunged by 24.4%.
2025-12-31