Morocco reports robust 5.5% economic growth in second quarter 2025

Morocco’s economy achieved 5.5% growth during the second quarter of 2025 compared to 3% in the corresponding 2024 period, driven by secondary sector expansion and domestic demand within controlled inflation contexts. The High Commission for Planning’s national accounts data highlights significant acceleration across multiple economic sectors.

Non-agricultural activities recorded 5.5% volume growth while agricultural sector activity increased 4.7%. Primary sector value-added rose 4.2% following previous year’s 4.8% decline, driven by agricultural activity growth offsetting fishing sector contraction of 7.7%.

Secondary sector performance proved particularly robust with 7.4% value-added growth compared to 3.1% in second quarter 2024. This performance resulted from electricity and water sector increases of 8.9%, manufacturing industries growth of 6.9%, and construction and public works expansion of 6.7%.

Tertiary sector value-added acceleration increased from 4.2% to 4.8%, marked by accommodation and restaurant activity improvements of 10.5%, public administration and social security services growth of 4.8%, and commerce and vehicle repair expansion of 4.4%. Some activities experienced slower growth, notably education, health, and social action increasing 5.7% after previous 6.4%, while transport and warehousing grew 4.3% following prior 7.9%.

At current prices, GDP increased 7.8% during second quarter 2025 compared to 6.9% previously, indicating general price level deceleration to 2.3% from 3.9% in the corresponding prior quarter.

Domestic demand recorded strong 9.2% growth compared to 6.6% during 2024’s second quarter, contributing 9.9 points to economic growth versus 7.1 points previously. Gross investment demonstrated spectacular 18.9% increase versus 14.3% in corresponding 2024 period, contributing 5.6 points to growth compared to 4 points previously.