Morocco GDP Grows 4.6% YoY in Q1

2026-06-30 11:47 By Joana Taborda 1 min. read

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%.



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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
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