🇲🇦MoroccoNorth Africa
Morocco's non-agricultural growth and domestic demand slow in 2025, HCP reports
via Le Matin4 min read
Morocco's economic growth reached 4.9% in 2025, up from 4.4% in 2024. Non-agricultural activities grew by 3.9%, while the agricultural sector saw an 8.2% increase. This economic performance was primarily driven by domestic demand, despite its slowdown, and occurred amidst moderate inflation and an increased need for national economic financing. The primary sector's value added grew by 7.1% in 2025, a rebound from a 5.1% contraction the previous year, largely due to agricultural recovery. However, the fishing sector experienced a significant decline, contracting by 13% after an 8.8% increase in 2024. The secondary sector's growth rate slowed from 3.8% in 2024 to 3.3% in 2025, with varied performances across its branches. Manufacturing growth decreased from 2.1% to 1.9%, while building and public works saw an increase from 6% to 6.7%. The electricity, gas, water, sanitation, and waste management sectors experienced a sharp slowdown, from 5.4% to 0.6%. The tertiary sector's growth rate also slowed from 5.6% in 2024 to 4.3% in 2025, influenced by slowdowns in transportation, accommodation and catering, research and development, financial services, and public administration services. Information and communication activities even saw a 0.5% decrease. Overall, the value added from non-agricultural activities weakened, with its growth rate falling from 5.1% in 2024 to 3.9% in 2025. With a 9% increase in net taxes on products, the Gross Domestic Product GDP in volume grew by 4.9% in 2
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