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World Bank Flags Morocco's Fastest Economic Growth in Over a Decade
The World Bank’s latest economic report shows Morocco achieving its strongest real‑GDP expansion in more than ten years, driven by a surge in public infrastructure spending and a rebound in agriculture. Growth is projected at 4.9 % for 2025 and a solid 4.2 % for 2026, while inflation has fallen to 0.8 % and the fiscal deficit has narrowed to 3.5 % of GDP, prompting a rating upgrade to investment‑grade.
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Key Findings
The World Bank’s 2026 Economic Outlook for Morocco shows the country achieving its strongest real‑GDP growth in more than ten years.
- 2025 GDP growth: estimated at 4.9 %.
- 2026 projection: sustained growth of around 4.2 %.
- Growth is powered by massive public investment linked to preparations for the 2030 FIFA World Cup and a nascent recovery in agriculture.
Drivers of Growth
Infrastructure spending, especially stadiums, transport and tourism facilities, together with higher agricultural output, are the main engines of the surge.
Digital Transformation as a Productivity Lever
The report stresses that future productivity gains will depend on how quickly firms adopt advanced digital technologies. Companies that intensively use enterprise software, CRM platforms, or e‑commerce tools can see productivity rises of up to 70 %, create jobs 10 % faster and pay wages about 27 % higher on average.
Remaining Headwinds
Despite strong fundamentals, the World Bank notes two notable risks:
- Higher energy import costs and freight rates caused by the Middle‑East conflict, which trim growth by roughly 0.8 percentage points.
- Dependence on the pace of recovery in Europe, Morocco’s main trading partner.
Inflation and Public Finances
Inflation has fallen dramatically to 0.8 %, easing pressure on households and businesses. Public‑sector deficit has narrowed to 3.5 % of GDP, and S&P upgraded Morocco to “Investment‑Grade”.
Digital Adoption Gap
Less than one in five Moroccan firms currently use advanced digital tools intensively. Closing this gap could lift overall productivity by 10‑15 %.
Overall, the World Bank’s outlook points to a resilient and increasingly digital Moroccan economy, but sustained policy focus on digital uptake is essential to keep the growth momentum.