In 2023, Morocco's GDP composition by sector reveals a significant reliance on Services, accounting for 38.81% of the overall GDP. The Mining, Manufacturing, and Utilities sector follows with 23.04%. Agriculture, hunting, forestry, and fishing contribute 13.64%, while Wholesale, retail trade, restaurants, and hotels add 11.5%. Transport, storage, and communication stand at 6.51%, and Construction at 6.5%.
Year-on-year analysis over the last two years highlights noticeable shifts, particularly in the Services sector, which has shown consistent growth. The five-year CAGR suggests steady expansion in Mining, Manufacturing, and Utilities, indicating industrial resilience.
Future trends to watch for include:
- Increasing diversification within the Services sector, driven by technological advancements.
- Potential growth in the construction sector aligned with infrastructure development plans.
- Strategic emphasis on sustainable agriculture to enhance productivity and mitigate climate impacts.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 38.81 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 23.04 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 13.64 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 11.5 | 2016 | |
| 5 | 5 Transport, storage and communication | 6.51 | 2016 | |
| 6 | 6 Construction | 6.5 | 2016 |
