According to the EY Global Economic Outlook report released in December 2025, Morocco’s economy is projected to accelerate over the next three years, with growth potentially reaching 5.5% by 2027.

The report indicates that Morocco is one of the economies in the Middle East and North Africa region most likely to benefit from slowing inflation, strengthening regional economic activity, and a more stable economic environment.

After years of inflationary shocks and climate-related pressures on agriculture, Morocco is showing signs of recovery. Economic growth is expected to rise modestly from 2.3% in 2024 to 2.6% in 2025, then accelerate to 4.8% in 2026, reaching 5.5% in 2027.

Improved domestic production, particularly in agriculture, is seen as a key driver. In Morocco, where agriculture remains central, the recovery in agricultural output following recent droughts is expected to boost incomes, consumption, and overall economic stability.

This outlook also reflects strengthening regional economic dynamics. In the Middle East and North Africa region, economic growth is projected to increase from 3.9% in 2025 to 4.1% in 2026, driven by higher oil output in Gulf countries, resilient non-oil sectors, and stronger domestic demand.

Although Morocco’s growth rate remains below that of some oil-rich Gulf nations, its upward trend marks a significant improvement compared to recent years.

Regional inflation is expected to stabilize, edging up slightly from 4.0% to 4.1% in 2026. In Morocco, easing price pressures and improved currency stability are helping to restore confidence among producers and investors.

Morocco

Morocco is a North African country with a rich cultural heritage shaped by centuries of influence from indigenous Amazigh (Berber) peoples, Arab dynasties, and European colonial powers. Its history includes powerful empires like the Almoravid and Almohad, which once ruled vast regions of the Maghreb and Iberia. Today, Morocco is known for its historic cities such as Fez and Marrakech, vibrant souks, and architectural wonders like the Hassan II Mosque and ancient kasbahs.

Middle East

The term “Middle East” refers to a transcontinental region centered on Western Asia and parts of North Africa, historically known as the “Cradle of Civilization” for the ancient Mesopotamian and Egyptian cultures that originated there. It is the birthplace of major world religions like Judaism, Christianity, and Islam, and its history has been shaped by successive empires, trade routes, and, in the modern era, geopolitical significance due to its vast oil reserves. Today, it encompasses numerous countries with diverse cultures, languages, and historical sites, from the pyramids of Giza to the ancient city of Petra.

North Africa

North Africa is a vast region encompassing countries such as Morocco, Algeria, Tunisia, Libya, and Egypt, historically defined by the Atlas Mountains and the Sahara Desert. It has a layered history as the home of ancient civilizations like the Egyptians and Carthaginians, later becoming a major part of the Roman Empire, the Arab-Islamic caliphates, and the Ottoman Empire. This complex past has created a rich cultural blend of indigenous Amazigh (Berber), Arab, and Mediterranean influences.

Gulf countries

The Gulf countries, also known as the Gulf Cooperation Council (GCC) states, are a group of six Arab nations—Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain—bordering the Persian Gulf. Historically, their economies were based on fishing, pearling, and trade, but the discovery of vast oil reserves in the 20th century transformed them into globally significant energy exporters and modern, wealthy states. Today, they are known for their rapid urbanization, ambitious megaprojects, and a blend of deep Islamic traditions with contemporary global influence.