Fitch Solutions predicts 5% economic growth for Morocco
Moroccan economy is projected to grow by 5% in 2025, up from 3.3% in 2024, driven by monetary policy, expansion in non-agricultural sectors, and increased foreign direct investment (FDI). According to a study by Fitch Solutions, FDI in the automotive, aerospace, and renewable energy sectors will play a key role in sustaining growth, supported by infrastructure investments ahead of the 2030 World Cup, co-hosted with Spain and Portugal.
Remittances from Moroccans living abroad have also shown positive growth. The study highlights a 55.4% year-on-year increase in net FDI in 2024. Meanwhile, Morocco's tourism sector is expected to attract 17.8 million visitors in 2025, bolstered by the hosting of the Africa Cup of Nations (CAN 2025) in December.
However, these forecasts come amid a challenging backdrop of historic drought, which has persisted for six consecutive years, severely impacting the agricultural sector that employs nearly 30% of the workforce. High unemployment and inflation are additional factors expected to weigh on income and consumption, slowing overall economic momentum.
As a result, the growth forecast has been revised downward from an initial 5.6%, reflecting lower-than-expected agricultural production.
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