Publication: Morocco Economic Update, Winter 2025: Prioritizing Reforms to Boost the Business Environment
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2025-04-03
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2025-04-03
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Despite the drought causing a modest deceleration of overall GDP growth to 3.2 percent, the Moroccan economy has exhibited some encouraging trends in 2024. Non-agricultural growth has accelerated to an estimated 3.8 percent, driven by a revitalized industrial sector and a rebound in gross capital formation. Inflation has dropped below 1 percent, allowing Bank al-Maghrib to begin easing its monetary policy. While rural labor markets remain depressed, the economy has added close to 162,000 jobs in urban areas. Morocco’s external position remains strong overall, with a moderate current account deficit largely financed by growing foreign direct investment inflows, underpinned by solid investor confidence indicators. Despite significant spending pressures, the debt-to-GDP ratio is slowly declining.
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“World Bank. 2025. Morocco Economic Update, Winter 2025: Prioritizing Reforms to Boost the Business Environment. © World Bank. http://hdl.handle.net/10986/43015 License: CC BY-NC 3.0 IGO.”
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