<\/p>\n
Morocco\u2019s economic growth reached 3.8% in 2024, up slightly from 3.7% in 2023, according to national accounts data published by the High Commission for Planning (HCP).\u00a0<\/span><\/p>\n The modest acceleration was driven primarily by strong domestic demand and a rebound in key industrial sectors such as mining and construction.<\/span><\/p>\n Non-agricultural activities expanded by 4.5%, offsetting a 4.8% contraction in the agricultural sector, which was weighed down by declining crop output and slower growth in fisheries. The secondary sector posted a notable recovery, with industrial value-added climbing from 0.8% to 4.2%, buoyed by a 13% surge in extractive industries and a 5% rise in construction.<\/span><\/p>\n <\/p>\n The services sector grew at a slower pace of 4.6%, compared to 5% in 2023. While tourism and business services slowed markedly, other areas like transport, financial services, and public administration registered solid gains. Public education, healthcare, and social services also posted stronger growth, rising to 6.6% from 4.6%.<\/span><\/p>\n Overall, the economy\u2019s performance remained reliant on internal demand, which contributed 6.3 percentage points to growth. Household and nonprofit consumption grew by 3.4%, while public consumption increased by 5.6%. Gross capital formation jumped 10.9%, further boosting the expansion.<\/span><\/p>\n However, external trade weighed on growth. Imports rose 11.6%, outpacing an 8% increase in exports, leading to a negative net trade contribution of -2.5 percentage points.<\/span><\/p>\n Inflation remained elevated, with the general price level rising 4.1% in 2024. In nominal terms, GDP expanded by 7.9%, down from 11% in 2023.<\/span><\/p>\n National savings improved slightly to 28.9% of GDP, while total investment reached 30.1%, resulting in a financing gap of 1.2% of GDP, widening slightly from 1% a year earlier.<\/span><\/p>\n Despite persistent inflation and external headwinds, Morocco\u2019s 2024 economic performance reflects resilience in non-agricultural sectors and the continued role of domestic demand in driving recovery.<\/span><\/p>\n<\/p><\/div>\n Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":" Morocco\u2019s economic growth reached 3.8% in 2024, up slightly from 3.7% in 2023, according to national accounts data published by the High Commission for Planning (HCP).\u00a0 The modest acceleration was driven primarily by strong domestic demand and a rebound in key industrial sectors such as mining and construction. Non-agricultural activities expanded by 4.5%, offsetting a […]<\/p>\n","protected":false},"author":5,"featured_media":8420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,3092,3096,3097,1982,1874,1182,7804,890,234,3095,2810,5531,256,3093,7805,3088,3094,3098],"class_list":["post-8419","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-characters","tag-content","tag-creation","tag-demand","tag-domestic","tag-dont","tag-driven","tag-economy","tag-experience","tag-expert","tag-grows","tag-industrial","tag-moroccos","tag-native","tag-recovery","tag-rephrase","tag-speaker","tag-talk"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=8419"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8419\/revisions"}],"predecessor-version":[{"id":8421,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/8419\/revisions\/8421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/8420"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=8419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=8419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=8419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}