Moroccan economic growth slowed to 4% during the second quarter

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The Moroccan economy recorded a growth of 4% during the second quarter of 2026, compared to 5.8% during the same period in 2025, according to the results of the national accounts issued by the High Commission for Planning, amid a slowdown in non-agricultural activities and a noticeable acceleration in agricultural activity.

The delegation reported that the added value of non-agricultural activities rose by only 1.5%, compared to 4.9% a year ago, affected by the decline in extractive industries by 28.6% and the manufacturing industry by 3.2%, while the agricultural sector recorded a strong increase of 21.2% compared to 8.3% during the second quarter of last year.

Domestic demand maintained its role in supporting economic activity, recording a growth of 5%, with household consumption increasing by 4.1%, and total investment by 6.8%. While foreign exchanges of goods and services recorded a negative contribution to growth of 1.6 points, according to the Moroccan “Hespress” website.

On the other hand, the general level of prices slowed to 0.4%, compared to 1.7% a year ago. While the Moroccan economy’s need for financing increased to 5% of the gross domestic product, compared to 2.4% during the same period in 2025.