IMF sees solid growth for Morocco in 2026-2027

This update focuses on IMF Morocco growth outlook. Morocco’s economy is expected to maintain a steady growth pace through 2027, according to the latest projections from the International Monetary Fund, with contained inflation and a gradual decline in unemployment.

IMF Morocco growth outlook around 4%

In its October 2026 edition of the World Economic Outlook, the IMF forecasts Moroccan GDP growth of 4.5% in 2026 and 4.2% in 2027, following an estimated 4.9% in 2025.

This scenario reinforces the image of a resilient Moroccan economy, even as the report, titled “Resilience Under Strain, Urgent Choices”, underlines persistent risks for the global environment.

For Moroccans living abroad, the IMF Morocco growth outlook sends an overall positive signal on the country’s trajectory, useful when weighing projects involving return, savings or investment back home.

Low inflation, easing unemployment: a clearer environment

The IMF expects average inflation of 0.9% in 2026 and 1.4% in 2027, after 0.8% in 2025. In other words, headline price increases would remain very limited, far from the spikes seen in other regions.

Unemployment is also projected to decline, from 13% in 2025 to 12.2% in 2026 and 11.3% in 2027. While these levels are still high, the downward trend can support household and business confidence.

For Moroccans abroad planning to relocate or launch an activity in Morocco, an environment of low inflation and a gradually improving labour market offers more visibility to:

• organise a phased return to the country;
• start a small business or invest in local services;
• anticipate the future purchasing power of family members living in Morocco.

Current account under pressure, a factor to watch

The main point of concern is the current account, which captures trade in goods and services, income and transfers with the rest of the world.

The IMF sees the current account deficit at 2.4% of GDP in 2025, widening to 4.9% in 2026 before narrowing slightly to 4.1% in 2027. A larger current account deficit means the country imports more goods, services and capital than it exports.

In this context, financial flows from Moroccans abroad – especially regular remittances and productive investments – remain strategically important for the overall balance.

What this means for Moroccans abroad

These IMF projections, which complement data from Bank Al-Maghrib and other official institutions, do not replace a detailed review of each personal project. But they provide a macroeconomic framework that Moroccans abroad can use when deciding their next steps with Morocco.

In practical terms, this growth path combined with low inflation may influence decisions to:

• keep or increase savings in dirhams over the medium term;
• size a real-estate or business project in Morocco;
• compare Morocco’s future market appeal with other countries.

Before committing, it remains advisable to follow upcoming statements from Bank Al-Maghrib (official website) and updates to international forecasts, and to consult professional advisers both in Morocco and in the country of residence.

For readers ready to move from reflection to action, Canal212 offers a guide bringing together key administrative steps and practical tips for Moroccans abroad preparing to invest or return.

Overall, the message from these projections is clear: Morocco is expected to stay on a roughly 4% growth path, with controlled inflation. The coming years will show how public policies and the global backdrop confirm, or challenge, this scenario.

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