HIBAPRESS – Rabat
Bank Al-Maghrib expects exports to rise by 4.5% in 2025, 8.4% in 2026, and 7.9% in 2027, driven by the recovery in phosphate exports and the automotive industry, which is expected to grow annually by 17% to reach 208 billion dirhams in 2027.
The bank stated in a press release following the last quarterly meeting of its board for the year 2025 that imports will remain strong, with a decrease in the energy bill before returning to increase in 2027, while travel revenues will reach about 155 billion dirhams, and remittances of Moroccans residing abroad to 130 billion dirhams with an average annual growth of 3.1%. On the financial accounts and the banking sector, the bank expected that the current account deficit will remain limited at 1.8% of the gross domestic product in 2025, and less than 2% in the following two years, with the continued rise in foreign direct investment flows to reach 3.5% of the gross domestic product. Official reserve assets will also improve to cover about 5 and a half months of goods and services imports, while bank credit granted to the non-financial sector is expected to grow by 4.1% in 2025, 5% in 2026 and 2027, keeping pace with the expected development in economic activity.
