First Independent Mena Newspaper
Morocco’s economic momentum is expected to strengthen in the final quarter of 2025, with growth projected to reach 4.7 percent year-on-year, up from 4.3 percent in the third quarter, according to projections released by the High Commission for Planning (HCP). The acceleration reflects improving external demand conditions, particularly from European markets where monetary easing is […]
Morocco’s household consumption patterns reveal stark regional disparities, with five regions accounting for 74 percent of the nation’s total consumer spending in 2023, according to data released Tuesday by the High Commission for Planning (HCP). The concentration underscores persistent economic imbalances despite ongoing development initiatives. Casablanca-Settat leads overwhelmingly with 25 percent of national household final […]
Morocco’s central bank, Bank Al-Maghrib (BAM), and the High Commission for Planning (HCP) signed a strategic partnership agreement on June 17 aimed at enhancing cooperation in statistical production, data exchange, and economic analysis to meet international standards. The convention establishes a framework for producing more relevant, higher-quality data to support informed decision-making and effectively guide […]
Morocco’s multidimensional poverty rate has nearly halved over the past decade, driven by significant improvements in rural areas, according to a new report by the national statistics agency, the Haut-Commissariat au Plan (HCP) said. The share of the population living in multidimensional poverty fell from 11.9% in 2014 to 6.8% in 2024, with the number […]
Morocco’s GDP grew 10% to 146 billion dollars in 2023, the high commission for planning, HCP, said in its final statistics. Financial and non-financial firms contributed by 45% to the national GDP, while public administrations contributed by 15.2%, HCP said in a recent report. Households and non-lucrative entities contributed by 29%, it said, adding that […]
Morocco’s economic growth would pick up to 3.2% in 2024 from 2.9% expected in 2023, amid persisting drought but improving exports, planning agency HCP said. The forecast is closer to that of the World Bank which sees the economy growing by 3.1% this year after 2.8% last year. The agency expects Morocco to reap a […]
Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]
Morocco’s economy is expected to grow 3.6% amid a recovery in foreign and domestic demand and assumptions of an average farm output as well as a drop in prices of commodities in global markets, the planning agency HCP said. This year, however, economic growth would stand at 3.3% after a below-average cereals harvest of 5.51 […]
Morocco’s economic growth is expected to pick up to 4.6% in 2021 after a 7% loss in 2020 due to the coronavirus pandemic which hit both exports and local market, the Moroccan high commission for planning, HCP, said. Citing a severe drought and the coronavirus pandemic impact, the HCP said that the economy is expected […]
Morocco’s high commission for planning (HCP) published a study warning of the impact of a general confinement easing on the number of deaths and infections that could overwhelm the health system in 62 days. A general confinement easing entailing protective measures with all people under 65 years who are not suffering from chronic health conditions […]