Morocco GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

0.5

Units In

1.6

Frequency

Quarterly

Next Release

Oct 01, 2025

Time to Release

2 Months 30 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
15.2 Jun 2021	-14.2 Jun 2020	3.5 %	1999-2022	Haut Commissariat au Plan

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.

Latest Updates

Morocco’s economy expanded by 4.8% in Q1 2025, up from 3% in Q1 2024 and 3.7% in Q4 2024, marking the strongest performance since Q4 2021 when GDP rose nearly 8%. The non-agricultural sector grew 4.6%, led by a robust 4.5% increase in the secondary sector. Construction and public works posted the highest growth at 6.3%, followed by electricity and water at 5%, and manufacturing at 3.4%. However, the mining sector’s growth moderated significantly to 6.7%, down from 19.1% in the corresponding quarter last year. The services sector grew 4.7%, up from 3.8% the prior year, driven primarily by hotels and restaurants (9.7%), social and health services (6.2%), administrative services (5.3%), and retail trade (4.3%). Meanwhile, agricultural activity saw a sharp turnaround, growing 4.5% after contracting by 4.3% a year ago. Crop production led the recovery with 4.5% growth, reversing a 5% decline, while fishing dipped 0.3% following 10.6% growth last year.