Morocco’s economy will expand faster than Spain’s in 2026, according to International Monetary Fund (IMF) projections, which put Moroccan GDP growth at around 4% compared with about 2.1% for Spain, showing faster projected growth for Morocco despite Spain’s larger economy.
IMF data indicate Morocco’s stronger momentum stems from industrial expansion and domestic demand, while Spain maintains steady but slower growth. The comparison reflects differences in economic structure rather than overall size, with Spain still significantly ahead in total output.
Morocco’s automotive sector continues to drive that expansion. The country produced more than 500,000 vehicles in 2024, making it Africa’s leading car manufacturer, according to data by the International Organization of Motor Vehicle Manufacturers (OICA).
Exports from the sector exceeded $9 billion, overtaking traditional pillars such as fertilizers and electrical components and signaling a shift toward higher-value manufacturing.
Tourism and investment also support Morocco’s growth trajectory. The country recorded 19.8 million visitors last year, alongside increased public spending and a push into renewable energy.
Spain, by contrast, continues to benefit from strong tourism flows, with projections nearing 96.8 million visitors, but its broader economy is expected to grow at a more moderate pace.
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