Morocco’s economy has been thriving in recent years thanks to investment projects and capital inflows with preparations for major international sport events such as the 2025 African Cup of Nations and FIFA 2030 World Cup, says Spanish Caixa Bank Research Centre in its latest report.
With the institutional reforms and improvement of business environment, the Kingdom’s economy is becoming increasingly export-oriented (especially tourism, automobiles and fertilisers) with the EU as its main market, underline the experts of the Spanish Bank.
Morocco’s GDP growth has accelerated through 2025 (+5.5% year-on-year in Q2 2025), fuelled by the recovery of the agricultural sector, investment momentum (especially in infrastructure) and household consumption (supported by low inflation), as well as strong export performance (driven by intra-regional trade and trade with China and Europe), adds the report.
The country’s tourism revenues remain robust, while remittances and exports of goods continue to be strong. Morocco also has a two-year IMF credit line of $ 4.5 billion. This line is precautionary credit to strengthen the economy’s external buffers.
Morocco’s inflation has been falling steadily and was below 1.0% in autumn 2025, says the report, affirming that the reforms engaged have helped to boost fiscal revenues and reduce the deficit.
According to Caixa Bank Research forecasts, Morocco’s economic outlook for the coming years remains with a continuation of growth drivers: infrastructure projects, private investment momentum supporting the country’s reform and development agenda.
