Morocco Economic Update : Cementing Growth - Digital Transformation as a Productivity Impulse

Overview & Synopsis

Morocco’s economy has been gaining momentum, with growth accelerating since 2023 and reaching its strongest pace in nearly a decade in 2025. This performance has been driven by strong agricultural rebound and resilient non-agriculture activities and a decisive push in public investment. The labor market is starting to reflect the broader growth momentum, with strong job creation recorded in 2025. A major methodological overhaul of Morocco’s labor market statistics by the High Commission of Planning (HCP), however, offers a more sobering picture of underlying structural conditions: participation rates that rank among the lowest in the world, driven overwhelmingly by the marginal integration of women into formal economic activity, and a large pool of discouraged workers who want employment but have given up searching. Yet the global environment has grown more adverse, compounding trade uncertainty with the Middle East conflict.