Domestic Demand to Drive Morocco's Economic Growth Through 2027

Morocco's economy is poised for continued growth, primarily fueled by robust domestic demand, according to the High Commission for Planning (HCP). In its prospective economic outlook for 2027, the HCP forecasts that internal demand will remain the main engine of economic expansion throughout 2026 and 2027.

This positive outlook is underpinned by an anticipated rebound in household consumption, which is projected to rise by 4.4% in 2026. Concurrently, investment activity is expected to maintain its current pace, further bolstering economic momentum. These projections hold firm even amidst ongoing global economic uncertainties and persistent geopolitical tensions, highlighting the resilience of the Moroccan economy.

The HCP's report indicates that while global economic conditions may present challenges, Morocco's internal economic drivers are strong enough to sustain growth. The emphasis on domestic consumption and investment suggests a strategy focused on leveraging internal resources to navigate external volatility. This approach aims to ensure a stable economic trajectory for the kingdom in the coming years.