Morocco's 2025 economic growth robust but inclusion remains insufficient, CESE report finds

The country achieved a 4.9% economic growth, driven by agricultural recovery, infrastructure projects, and a record 19.8 million tourists, making travel revenue the primary source of foreign currency. Foreign direct investments increased by 74.3%, and manufactured exports with intermediate technological content now represent 56% of total exports. The CESE report, adopted in June 2026, highlights the expansion of social protection, with mandatory health insurance covering 88% of the population and direct social aid benefiting 3.9 million families.

Education and housing also saw quantitative improvements, with 156 large dams now in service and 62 cities declared slum-free. Despite these advancements, the CESE points out persistent vulnerabilities. The unemployment rate remains high at 13%, particularly affecting youth, women, and graduates.

Women's economic activity rate was only 19%, significantly lower than men's 68.5%, with unpaid domestic work representing an economic cost equivalent to 16.4% of GDP. The report also notes that while inflation slowed to 0.8%, food prices are nearly 27% higher than in 2021, impacting purchasing power. Territorial disparities persist, with three regions generating 58.5% of the national GDP.

Although renewable energy capacity exceeds 45% of installed power, it only supplied 26.7% of elect