Significant Economic Growth in Morocco
The World Bank has recently published a report indicating that the Moroccan economy is experiencing its fastest growth rate in over a decade, primarily fueled by a surge in infrastructure investments and a rebound in the agricultural sector. In its latest edition of the "Economic Situation Report for Morocco – Summer 2026," titled "Consolidating Growth: Digital Transformation as a Driver of Productivity," the World Bank noted that the real Gross Domestic Product (GDP) growth reached approximately 4.9% in 2025. This marks the strongest economic performance Morocco has recorded in the last ten years, supported by significant public investment related to preparations for the 2030 World Cup and signs of recovery in agriculture.
The report forecasts robust growth to continue at 4.2% during the current year, buoyed by sustained investment and strong domestic demand. It highlights that despite the solid macroeconomic fundamentals of the kingdom, the next major leap in productivity will depend on the depth and breadth of companies' adoption of advanced digital technologies.
Emphasizing Digital Transformation for Sustainable Growth
The World Bank commended Morocco's economic resilience, noting the tangible momentum of the country's economic growth. However, the report emphasizes that substantial efforts are needed to unlock new sources for enhancing productivity to ensure the sustainability of these gains. It asserts that digital transformation represents the most potent lever available for boosting this dynamic, and Morocco possesses both the ambition and the foundational elements necessary for success in this endeavor.
Nonetheless, the report also acknowledges the presence of headwinds, including the impact of conflicts in the Middle East on energy import costs and shipping prices, which are estimated to negatively influence Moroccan economic growth by around 0.8 percentage points compared to pre-conflict growth rates. The growth of the Moroccan economy remains sensitive to the pace of recovery of its key European trading partners.
Moreover, the report reveals that inflation has sharply decreased to just 0.8%, alleviating the pressures that had accumulated on households and businesses in previous years. It also highlights the significant progress made by the government in public finance, successfully reducing the budget deficit to 3.5% of GDP. Recently, Standard & Poor's upgraded Morocco's sovereign credit rating to "investment grade."
The report's special section points out that while Moroccan companies have made considerable advancements in adopting digital tools, fewer than one in five companies currently utilize advanced technologies, such as enterprise management software, customer management platforms, or e-commerce tools, in an intensive and integrated manner. The World Bank believes that deepening the adoption of these tools presents a significant opportunity, as companies that increasingly leverage digital technologies can achieve productivity gains of up to 70%, with job opportunities growing at a faster rate of 10% and average wages rising by approximately 27%.
In conclusion, the report suggests that narrowing the digital gap in Morocco to align with similar countries could enhance overall productivity by between 10% and 15%.
As reported by almarrakchia.net.
