IMF sees Morocco growing 4.5% in 2026: what it means for you

This update focuses on IMF Morocco growth. The International Monetary Fund now expects Morocco’s economy to grow by 4.5% in 2026 and 4.2% in 2027, a more upbeat scenario that matters directly for Moroccans abroad who invest, send money home or plan a return.

IMF Morocco growth outlook turns more positive

In its latest “World Economic Outlook” report, released during the IMF–World Bank Annual Meetings in Bangkok, the institution projects a stronger medium-term pace for Morocco.

According to the report, Morocco should outperform the global economy, which is expected to grow by 3.1% in 2026 and 3.4% in 2027. The country is also set to do better than the Middle East and North Africa region on average, where growth is forecast to contract by 2% in 2026 before rebounding to 7% in 2027.

For Moroccans living abroad, this IMF Morocco growth scenario reinforces the image of a domestic market becoming more attractive over the next two to three years, especially in real estate, services, tourism and selected industrial activities.

Low inflation, but a wider external deficit

The IMF expects inflation in Morocco to stand at 0.9% in 2026, then 1.4% in 2027. These relatively low levels support local purchasing power and give investors better visibility.

On the downside, the current account deficit – which reflects Morocco’s trade and financial flows with the rest of the world – is projected to widen to 4.9% of GDP in 2026, before narrowing to 4.1% in 2027. This highlights persistent structural vulnerabilities, including the weight of imports.

The unemployment rate is expected to reach 12.2% in 2026, then ease to 11.3% in 2027. These high levels underline the challenge of job creation, particularly for young people and new graduates.

What this means for Moroccans investing from abroad

For Moroccans of the diaspora, the new IMF Morocco growth projections can influence savings strategies, remittances and investment decisions in the country.

• More confidence: growth above the global average suggests a stronger capacity to absorb new investment.
• Moderate inflation: relatively stable prices make it easier to plan real estate or business projects.
• External risk to monitor: a wider current account deficit means it is important to keep an eye on the dirham, debt levels and economic policy.

Moroccans abroad who follow the Moroccan market can also compare these figures with the analysis published by Bank Al-Maghrib or other official economic institutions, to confirm the trajectory and fine-tune their strategies.

A less predictable global environment

Globally, the IMF expects growth of 3.1% in 2026 and 3.4% in 2027, with inflation pausing its downward trend and rising to 4.7% in 2026, before easing back to 4.1% in 2027.

In this uncertain context, Morocco’s position as a faster-growing emerging economy can be seen as a relative opportunity. Still, these are forecasts, not guarantees.

For Moroccans living abroad, the priority is to stay informed, diversify investments between their country of residence and Morocco, and seek professional advice before committing to major projects.

The IMF figures provide a snapshot at a given moment. They point to a broadly positive direction for the Kingdom, but they will need to be reassessed in the light of upcoming data and guidance from Morocco’s monetary authorities.

For more context, readers can follow Canal212 news for Moroccans abroad.

For official updates, readers can check the relevant official source.