Morocco’s service sector, including tourism, trade, and transport, is expected to maintain its positive trajectory in 2025.
After a difficult 2024 marked by drought and slowed growth, the Moroccan economy is expected to recover in 2025, according to the latest economic outlook report from the High Commission for Planning (HCP).
The country is expected to see improvements in various sectors, including agriculture, industry, and construction, which should foster a positive economic trajectory.
The agricultural sector, severely impacted by a severe drought in 2024, is expected to experience a slight rebound in 2025.
Favourable weather conditions for the 2024/2025 crop year should boost cereal production, which was limited to 31.2 million quintals the previous year.
However, the livestock sector remains under pressure due to recurring droughts and the need to rebuild herds.
Overall, the growth of agricultural value added is expected to reach 4.1% in 2025, after a 5% decline in 2024. The fishing industry is also expected to grow by 6.5% this year.
Industrial sector expected to maintain momentum
The national industrial sector, which has been a key driver of economic growth, is expected to continue its strong performance.
The chemical industry, benefiting from strong international demand for phosphate-based fertilizers, should maintain its growth, albeit at a slower pace than the remarkable 12.9% increase recorded in 2024.
Export restrictions imposed by competing countries such as China and Russia have created opportunities for Morocco to expand its market share in countries such as India and Brazil, HCP noted.
The automotive and aerospace sectors are also booming. Transportation equipment industries experienced impressive growth of 14.4% in 2024. This growth is expected to continue, with a 9.6% increase forecast for 2025, driven by foreign investment and advances in electric battery production.
However, the textile industry remains a weak point, facing challenges such as high energy costs, heavy dependence on European markets, and informal practices. Despite these obstacles, modest growth of 1.7% is expected in 2025 after a contraction in 2024.
The building and public works sector is expected to grow by 3.8% in 2025, benefiting from lower construction material costs and more accessible financing options.
Major infrastructure projects, particularly in the energy and water sectors, are also expected to gain momentum. These initiatives are closely linked to Morocco’s preparations for upcoming major international events and reconstruction programs for areas affected by natural disasters, the report notes.
MK/te/sf/lb/as/APA