Economic growth

The Moroccan economy has experienced a moderate growth of its economy in 2018 compared to 2017, the GDP growth rate stood at 4.1%.

According to the latest reports of the Ministry of Economy and Finance of Morocco, the behavior of different sectors in 2018 was as follows:

The good prospects for the 2018-2019 crop year and the improvement in the fishery sector’s performance, which shows positive growth compared with the negative result of the previous year, point to a positive trend in the primary sector, which accounted for 14% of Morocco’s GDP for the 2017 budget year.

The secondary sector retains the same positive perspectives given the increase to the industrial consumption, the extractive industries, the electricity and cement in 2018. Its contribution to the GDP of the previous year was 29%.

With regard to the tertiary sector, which accounts for 56% of the country’s GDP (2017), the dynamism of the tourism, transport and telecommunications sector in 2018 is remarkable.