Rabat: Morocco’s economic growth registered a 3.8% increase in 2024, slightly higher than the 3.7% recorded the previous year. This growth, primarily driven by domestic demand, occurred despite challenges such as high inflation rates and the national economy’s financing needs.

According to Agence Marocaine De Presse, Non-agricultural activities experienced a volume increase of 4.5%, whereas activities in the agricultural sector saw a decline of 4.8%. The downturn in agricultural activity, coupled with a significant slowdown in fishing-from a growth rate of 6.9% to 2.6%-contributed to a 4.5% decline in the primary sector’s value added.

The secondary sector demonstrated a notable improvement, with its value added rising from 0.8% to 4.2% in 2024. This performance was bolstered by increases in the extraction industry (13%), construction and public works (5%), manufacturing (3.3%), and sectors related to electricity, gas, water, sanitation, and waste management (2.6%).

The service sector’s growth rate slowed, decreasing from 5% in 2023 to 4.6% in 2024. Meanwhile, at current prices, Morocco’s GDP rose by 7.9% in 2024, leading to a 4.1% increase in the general price level.