Morocco's planning commission puts second-quarter growth at 4% and sees 4.7% in the fourth quarter

18 October 2026

The Haut-Commissariat au Plan, Morocco's official statistics body, published its note de conjoncture for the second quarter of 2026 on 14 October 2026. It records gross domestic product growth of 4% in the second quarter of 2026. It projects 4.1% in the third quarter and 4.7% in the fourth quarter of 2026. The commission says growth will continue in the second half of 2026 despite an energy shock linked to the outbreak of the war in Iran. Expansion in agriculture and services is expected to support activity and cushion the energy shock. Domestic demand remains the main driver, helped by favourable monetary conditions and inflation contained below 2%.