Morocco’s Economy Grows 3.8% in 2024 Despite Agricultural Setbacks

Morocco’s Economy Grows 3.8% in 2024 Despite Agricultural Setbacks

Morocco’s economy grew 3.8% in 2024, slightly outpacing last year’s 3.7% expansion, and driven by solid gains in industry, construction, and services that helped cushion a sharp downturn in agriculture, according to data from the country’s statistics office (HCP). The report indicates that non-agricultural output rose 4.5%, up from 3.7% in 2023. The agricultural sector, however, shrank by 4.8%, reversing modest gains the year before. The figures…