Morocco’s domestic demand grows 5% in Q2 2026, HCP reports

High Commission for Planning (HCP)

Domestic demand contributed 5.6 percentage points to national economic growth in the second quarter, while household consumption accelerated compared with the same period in 2025.

On 01/10/2026 at 09h30

Domestic demand grew by 5% in the second quarter of 2026, compared with 7.5% during the same period a year earlier, according to the High Commission for Planning (HCP).

Domestic demand contributed 5.6 percentage points to national economic growth, compared with 10.3 percentage points during the same period a year earlier, the HCP said in its note on the national economic situation in Q2 2026.

Household final consumption expenditure increased by 4.1%, compared with 1.8% in the same quarter a year earlier, contributing 2.3 percentage points to growth, against 1.1 percentage points previously.

Final consumption expenditure by public administrations, meanwhile, slowed from 4.8% in Q2 2025 to 4.6%, contributing 0.8 percentage points to growth, compared with 0.9 percentage points a year earlier.

Gross investment, including gross fixed capital formation, changes in inventories and net acquisitions of valuables, also slowed, with its growth rate falling from 20.3% during the same period a year earlier to 6.8%. It contributed 2.4 percentage points to growth, compared with 8.3 percentage points previously.

By Le360 (with MAP)
On 01/10/2026 at 09h30