Morocco GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

0.5

Units In

1.6

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

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 grew by a notable 5.5% in Q2 2025, up from 4.8% in Q1 and 2.4% in the same period a year ago. This was the strongest economic performance since Q4 2021, mainly boosted by non-agricultural activities (+5.5%). Within this, the secondary sector grew 7.4%, driven by electricity, gas, water, sanitation, and waste treatment (8.9%), manufacturing (6.9%), and construction and public works (6.7%). The tertiary sector rose 4.8%, led by hotels and restaurants (10.5%), public administration and social security (4.8%), and trade and vehicle repair (4.4%). At the same time, the agricultural sector grew 4.7%, while fisheries activities contracted by 7.7%.