Morocco’s economy is expected to grow by 5.3% in 2026, Budget Minister Fouzi Lekjaa said, pointing to a solid recovery driven by improved agricultural output and steady macroeconomic conditions.
Speaking before parliament, Lekjaa said the projection would mark one of the strongest growth performances in recent years outside of the post-COVID rebound, underpinned by a favorable agricultural season and resilient domestic activity.
The outlook is supported by expectations of a significant rebound in cereal production following improved rainfall, which has helped restore agricultural conditions after several years of drought.
The recovery in agriculture is seen as a key driver of overall economic expansion, given the sector’s weight in employment and rural incomes.
Lekjaa said the government’s macroeconomic framework also anticipates a gradual improvement in public finances, with the budget deficit projected at around 3% of gross domestic product and Treasury debt stabilizing near 66% of GDP.
In addition to agriculture, non-agricultural sectors are expected to maintain steady growth, supported by ongoing investment and reforms aimed at strengthening economic resilience.
The government also expects inflation to remain under control, providing a more stable environment for households and businesses and supporting consumption over the medium term.
Morocco’s growth outlook comes amid a volatile global environment, but officials say stronger domestic production and improved economic fundamentals position the country to better manage external risks, including fluctuations in commodity prices and demand from key trading partners.
Lekjaa said the combination of improved agricultural output, stable macroeconomic indicators and continued policy support would underpin a solid growth trajectory in 2026.
