فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
In a report published by the Spanish newspaper El Economista, Morocco is described as the “low-cost Spain” at a time when emerging market economies are fluctuating and struggling with internal and external challenges. Morocco, however, appears to be confidently moving against the tide with rare assurance and calculated steps.
The report forecasts Morocco’s economic growth at around 4% in 2025, supported by a clear agricultural recovery, a notable rebound in non-agricultural activities, declining inflation, and rising domestic demand. In the first quarter of 2025 alone, Morocco’s GDP grew by 4.8%, while non-agricultural activities rose by 4.6% compared to 3.6% the previous year. The industrial sector also saw an increase of 4.5%.
This rapid growth is largely driven by two main pillars: tourism and the automotive industry. Morocco has adopted a multi-sectoral development strategy similar to Spain’s approach in the 1960s and 1970s. In the first half of 2025, tourist arrivals increased by 16% compared to the same period in 2024. In the automotive sector, over 350,000 vehicles were manufactured—a 36% increase.
Morocco’s bold development model has attracted major global investors. Large companies such as China’s Cosun Hi-Tech have begun building massive battery factories, while BTR New Materials and SenseZoom have announced similar projects, establishing Morocco as a growing regional hub for electric vehicle manufacturing.
A report by the British research firm Capital Economics confirms that Morocco is on track to surpass European countries like Italy, Poland, and Romania in terms of car production. The automotive sector alone accounts for more than 10.4% of Morocco’s GDP, employs about 220,000 people, and represents over a quarter of the country’s exports.
The report also highlights strong confidence from major financial institutions in Morocco’s future. JPMorgan praised the country’s political and economic stability, considering Morocco eligible for investment-grade credit ratings—an indication of reduced financial risk and increased market attractiveness.
The report points out that Morocco’s economic turnaround began in earnest in 2021, when the government launched a program to reform the national development model. Since then, the number of investment projects has quintupled in less than two years.
Morocco’s ambitions extend beyond tourism and automotive. Notably, the country is building the largest shipbuilding and repair dock in Africa in Casablanca, covering an area equivalent to 30 football fields, positioning Morocco as a direct competitor to major shipyards in Southern Europe.
In the energy sector, amid rising global prices, Morocco has invested heavily in renewables. According to a Moroccan expert quoted by the BBC, the country possesses some of the world’s best solar and wind sites, making it a strong candidate to become a strategic energy supplier to Europe.
Politically, the report emphasizes international support, particularly from the United States, which recognized Morocco’s sovereignty over Western Sahara during President Donald Trump’s administration, bolstering Morocco’s regional geopolitical standing.
On the trade front, Morocco has seen significant improvements, with its current account deficit shrinking to 1.7% of GDP in 2024—the lowest since the COVID-19 pandemic—and further narrowing to just 1.1% in early 2025, opening the door to a possible near-term trade surplus.
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