Morocco's Q4 2023 economy grows by 4.1%- hits 2 year high

Morocco's GDP grew 4.1% year-on-year in Q4 2023, following a 2.8% rise in the previous quarter and compared to a 0.7% growth in the same period of 2022. 

The uptick in economic activity was primarily fueled by a demand in domestic products, a key factor in the country’s economic resilience. The growth was achieved against a backdrop of controlled inflation and an increase in the national economy’s need for financing.