Morocco’s economy is expected to grow by 4.8% in 2026 before slowing to 3.9% in 2027, according to the latest outlook from the European Bank for Reconstruction and Development (EBRD). The recovery of the agricultural sector is one of the main drivers of this momentum.
The growth expected for 2026 comes against a backdrop of improved agricultural output and the gradual consolidation of domestic economic drivers. After several difficult seasons, the agricultural sector is benefiting from more favorable rainfall, helping to strengthen value added and incomes across several subsectors.
Morocco’s growth is also being supported by continued investment, particularly in infrastructure, industry, energy and major structural projects. This momentum is helping sustain corporate activity and demand across productive sectors.
Agriculture and investment at the heart of growth
The EBRD’s forecast confirms the importance of agriculture’s return to growth. It also comes at a time when Morocco is seeking to increase the contribution of private investment and further develop high-value-added industrial value chains.
The outlook remains dependent on international conditions, weather patterns and the pace of investment. For Moroccan companies, market diversification and productivity improvements remain key challenges.
