Rabat: Morocco’s economic growth will remain strong in 2026, reaching 4.8%, according to the High Commission for Planning (HCP).

According to Agence Marocaine De Presse, the growth is expected to be driven notably by the exceptional rebound in agricultural activity, as discussed in the HCP’s released 2027 Exploratory Economic Budget. This document provides a revision of national economic growth in 2026 and perspectives for the following year. In 2027, under the assumption of average cereal production, economic activity is expected to slow to 3%.

The primary sector is projected to grow by 18.1% in 2026, contributing 1.9 percentage points to national economic growth. However, in 2027, the sector is expected to decrease by 6.3%, negatively impacting GDP growth by 0.8 percentage points.

Meanwhile, non-agricultural activities are anticipated to see value-added growth slow to 3% in 2026, following a 3.9% growth in 2025. These activities are expected to rebound to 4% in 2027, supported mainly by improved industrial activity and the resilience of the services sector. This trend is forecasted to be driven by stronger domestic demand and the effects of major investment projects currently underway.

Secondary activities are expected to expand by 1.1% in 2026 before accelerating to 3.7% in 2027. Their contribution to national economic growth is expected to be limited to 0.3 percentage points in 2026 and 0.9 percentage points in 2027.

According to HCP, the services sector will maintain its resilience, posting growth of 3.9% in 2026 and 4.2% in 2027, contributing 2 percentage points to GDP growth in 2026 and 2.2 percentage points in 2027. In nominal terms, GDP growth is expected to shift from 6.8% in 2026 to 4.5% in 2027, with increases in the implicit GDP deflator of 1.9% in 2026 and 1.5% in 2027.