Morocco Projects Over 5.3% Growth Driven by Tourism, Industry, and Remittances
Morocco anticipates an economic growth rate surpassing 5.3% in 2026, driven by tourism, industrial exports, and remittances. The country's diversified economic model is increasingly resilient amid global challenges and aims to enhance its position as a competitive industrial economy.
Theia Market Signal Identification - AI AssistedMorocco's Budget Minister, Fouzi Lekjaa, stated that the nation's economic growth is projected to exceed 5.3% in 2026. The foreign currency reserves reached MAD 469.8 billion (approximately $50.8 billion) by April, covering nearly six months of imports.
Tourism remains a significant contributor, with 4.3 million visitors recorded in Q1 2026, reflecting a 7% increase. Industrial exports also thrived, exceeding MAD 120.7 billion ($13 billion), largely from automotive and aerospace sectors.
Notably, the automotive sector's exports reached MAD 42 billion ($4.6 billion) in Q1. Additionally, Morocco is positioning itself as a key player in electric vehicle manufacturing, with Gotion High-Tech's EV battery gigafactory set to launch in 2026. The ongoing development of Morocco’s industrial platform is crucial for its economic stability and resilience.
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