Rabat — Morocco's economy started 2025 on a positive note, with the country's GDP growing significantly faster than the previous year, according to data from the High Commission for Planning (HCP).

The HCP report muestra that the country's economy expanded by 4,8% in the first quarter, compared to just 3% during the same period in 2024.

The strong performance was due to both the recovery in agriculture and the continued strength of the non-agricultural sectors. Stronger domestic demand and lower inflation also boosted growth.

Non-agricultural sectors drive expansion

The report indicated that non-agricultural activities led economic growth, increasing by 4,6% compared to 3,6% the previous year, while the secondary sector performed particularly well, growing by 4,5% compared to 3,2% the previous year.

Meanwhile, construction and public works showed the largest gains, with an increase of 6,3%. The electricity and water sector grew 5%, while manufacturing expanded 3,4%.

However, the mining sector, which tends to fluctuate widely, slowed its growth to 6,7% from 19,1% in the first quarter of 2024.

The services sector contributes to growth

The services sector also had a good assessments , growing by 4,7% compared to 3,8% the previous year, and the report indicates that hotels and restaurants led the way with growth of 9,7%, followed by social and health services with 6,2%, administrative services with 5,3%, and retail trade with 4,3%.

Real estate services returned to positive territory with 0,8% growth after a previous decline of 1,4%. Some sectors slowed, such as transportation, which grew 4% compared to 6,5% previously, and information and communication services, which decreased their growth from 3,3% to 0,5%.

Agriculture is recovering

The agricultural sector experienced a strong recovery in the first quarter of 2025. Agricultural activities grew by 4,3% after contracting by 4,3% in the same period last year.

Agricultural production led this recovery, growing by 4,5%, reversing a 5% decline from the previous year. Fishing activity decreased slightly by 0,3%, compared to the 10,6% growth of the previous year.

Inflation cools down

Price pressures eased during the first quarter of 2025, and the GDP deflator, which measures overall price changes in the economy, slowed to 2,1% from 3,8% in the first quarter of 2024. This helped keep nominal GDP growth steady at 6,9%, almost matching the 6,8% recorded a year earlier.

A recent economic update issued The World Bank projected that Morocco's economy will experience 3,6% growth in 2025, as the country invests in efforts to address the challenges of inflation.

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