Morocco's Projected Economic Growth Through 2027
The Moroccan economy is poised to continue its dynamic growth trajectory, with a projected Gross Domestic Product (GDP) growth rate of 4.1% anticipated for the year 2027. This optimistic outlook is detailed in the budget execution report and the three-year macroeconomic framework accompanying the upcoming finance bill. The forecast is rooted in a modest increase of 1.2% in agricultural value added, contingent upon an expected harvest of 70 million quintals. Additionally, robust performance is anticipated across non-agricultural sectors, which are expected to witness a 4.3% increase in value added, as per data released by the Ministry of Economy and Finance.
The driving force behind the growth in non-agricultural activities is expected to be the secondary sector, which is forecasted to see an accelerated value added growth of 4.9%, up from 4.5% in 2026. The tertiary sector is also projected to maintain a strong growth rate of 4.1%, slightly up from the previous year's 4%. On the demand side, final consumption by households, including non-profit institutions, is set to play a crucial role, albeit with a slight deceleration in growth from 4.6% in 2026 to 4.3% in 2027.
Public administration consumption is forecasted to remain vigorous, with a growth rate of 6.6% following a substantial increase of 9.1% in 2026. Meanwhile, gross fixed capital formation is expected to grow by 4.6%, compared to 4% the previous year, indicating a sustained commitment to investment and the strengthening of the country’s productive capacities. External trade is also likely to continue on a positive trajectory. Goods and services exports, in volume, are projected to rise by 7.3% in 2027, following a 6.4% increase in 2026, while imports are anticipated to grow by 7% in 2027, up from 5.5% the year before, reflecting the vibrancy of domestic demand and investment.
In terms of current prices, GDP is expected to grow by 6% in 2027, after a rise of 6.8% in 2026, showcasing stable real growth and overall inflation under control.
As reported by yabiladi.com.
