HIBAPRESS
The results of the national accounts during the second quarter of 2025, which are conducted by the High Commission for Planning, revealed that the national economy recorded growth, with an improvement in its growth rate reaching 5.5% instead of 3% during the same period of 2024.
The press release on the economic situation during the second quarter of 2025, which the Commission circulated today, indicated that domestic demand formed the engine of economic growth in a context characterized by controlling inflation and increasing the need to finance the national economy, clarifying that non-agricultural activities recorded an increase of 5.5%, while agricultural activity increased by 4.7%.
It stated that the value added of the primary sector by volume increased by 4.2%, instead of a decrease of 4.8% during the same quarter of last year, driven by the increase in the value added of the agricultural sector by 4.7%, and the decrease in fisheries activities by 7.7%. For its part, the value added of the secondary sector recorded an increase of 7.4% instead of 3.1% during the second quarter of last year.
The Benmoussa commission attributed this to the increase in the value added of electricity, gas, water, sanitation networks, and waste treatment activities by 8.9%, manufacturing industries by 6.9%, and construction and public works by 6.7%.
For its part, the value added of the tertiary sector witnessed an increase in its growth rate, moving from 4.2% during the same quarter of the previous year to 4.8% during this quarter. It was characterized by the improvement of activities, hotels and restaurants by 10.5%, services provided by public administrations and social security by 4.8%, and trade and vehicle repair by 4.4%.
In parallel with this, some activities recorded a decline, especially education, health, and social work services to 5.7% instead of 6.4%, and transportation and storage to 4.3% instead of 7.9%.
These results confirm what the American rating agency "Standard & Poor's" announced at the end of last week, of raising Morocco's sovereign credit rating to BBB-/A-3 instead of the previous rating of +B/BB. It highlighted that our country has succeeded in restoring the "investment grade" rating that it lost in 2021.
The agency stated that the Kingdom's progress in this rating comes to reinforce its predecessor issued in March 2024, during which the agency raised the outlook associated with our country's sovereign credit rating from "stable" to "positive".
It is worth noting that Morocco's advancement to the "investment grade" category gives our country several advantages, including facilitating access to international financing on more favorable terms, reducing the cost of public debt, enhancing the confidence of foreign investors and partners, and increasing the Kingdom's attractiveness regarding foreign direct investment.
