Higher spending by families
Strong growth across sectors
GDP growth almost 5% in Q1
Higher spending by families coupled with strong performance in most sectors helped economic growth in Morocco rise to its highest quarterly level in four years.
Real GDP growth swelled to 4.8 percent in the first quarter of 2025 from 3 percent in the first quarter of 2024, the higher planning commission (HPC) said.
In a report published on its website on Monday, HPC said an expansion in the farming sector, a key GDP component, contributed to higher growth in the first quarter.
The report said it was the highest quarterly growth since the fourth quarter of 2021 and that it surpassed HPC expectations.
The report showed the farming sector grew by around 4.5 percent while there was growth of about 5 percent in the electricity and water sector, 5 percent in industry, 9.7 percent in hotels and restaurants, 4.3 percent in trade, 6.2 percent in health and around 6.2 percent in construction.
In contrast, growth in mining industries dipped to about 6.7 percent from 19 percent in the same period, the report said.
“Domestic demand continued its strong performance and grew by around 8 percent … this has contributed to the higher GDP growth in the first quarter,” it said.
In current prices, the report showed GDP expanded by nearly 6.9 percent in the first quarter of this year against 6.8 percent in the first quarter of 2024.
Morocco has increased spending over the past two years to brace for co-hosting the 2030 Fifa World Cup, with projects worth billions of dollars approved over the next few years.
Official data showed the government boosted spending by about 31 percent in the first quarter of 2025 resulting mostly from a 33.8 percent growth in goods and services.