Morocco’s economy is poised to expand by 3.9% in 2025, up from 3.4% in 2024, driven by a rebound in agriculture and ongoing fiscal reforms, according to the latest Global Economic Prospects report from the World Bank.
Morocco’s economic trajectory is heavily dependent on its agricultural sector, which contributes nearly 12% to GDP and employs a significant portion of the workforce.
Favorable weather conditions expected in 2025 could reverse the setbacks caused by erratic rainfall and drought in recent years. Improved agricultural output would boost domestic consumption and enhance export revenues, particularly in Europe and Africa, where demand for Moroccan produce remains strong.
Meanwhile, the Moroccan government is advancing fiscal consolidation efforts (measures intended to narrow the country’s fiscal deficit) similar to regional peer countries such as Jordan and Tunisia.
Policymakers are working to tighten spending and improve tax collection, addressing budgetary imbalances while maintaining public investments. The reforms are expected to enhance investor confidence and sustain economic stability amid lingering global uncertainties, the World Bank stated.
By positioning itself as a regional hub for solar and wind power, Morocco plans to attract foreign investment and reduce its dependence on energy imports, which are currently a significant burden on the nation’s balance of trade.
While agriculture remains vital, Morocco’s economic diversification strategy focuses on manufacturing, renewable energy, and tourism. The country is equally ramping up investments in transport infrastructure, including modernized ports and logistics hubs, to facilitate trade.
Tourism, another pillar of the economy, is continuing to recover strongly from the pandemic-induced downturn. Government initiatives to attract high-value visitors, coupled with cultural promotion and improved connectivity, are expected to inject additional momentum into the tourism sector in 2025.