Morocco’s strategy for renewable energy is expected to boost economic growth by 2026, according to the annual report “Economic Perspectives 2026” from Mastercard Economics Institute (MEI).
“Morocco is projected to experience a real GDP growth of 3.9% in 2026, exceeding the anticipated global growth of 3.1%. This growth is driven by strong investment momentum in renewable energy, an increase in foreign direct investment (FDI), and the expansion of trade relations,” Mastercard stated in a press release regarding the publication of this report, which examines how global political changes that made headlines in 2025 will continue to influence economies worldwide throughout 2026.
The Kingdom’s strategic positioning as a sustainability-focused economy, combined with accelerated energy transition programs, contributes to strengthening long-term economic resilience, the source noted.
“The economic transformation of Morocco is accelerating due to a decisive shift toward renewable energy and strategic development in various industries. With the expansion of investments in green energy, the country is well-placed to seize new opportunities, even as regional and global trade dynamics continue to evolve,” said Khatija Haque, Chief Economist for EEMEA at MEI, as quoted in the release.
“Morocco’s leadership in renewable energy creates promising new economic potential, attracting global investments and opening doors for local businesses to grow. With increasing trade relationships and sustained consumer confidence, Morocco is shaping a greener and more competitive future for its economy,” added Mohamed Benomar, Country Director for North West Africa at Mastercard.
The report reveals that Morocco is rapidly establishing itself as a regional leader in renewable energy exports, particularly in green hydrogen and solar energy, thanks to favorable geography and climate that attract investments in future-oriented industries. Major investment programs are drawing international financing, largely due to the country’s strategic focus on sustainability and its favorable trade geography.
Additionally, Morocco has increased the share of its trade with emerging markets. The elimination of tariffs on African products by mainland China provides new export opportunities for Moroccan producers, while deeper trade links with Asia and the Middle East are expected to help offset external pressures and further diversify revenue sources.
MEI forecasts that digital transformation, particularly the deeper integration of AI, will drive productivity and growth. Long-term infrastructure development and strategic investments contribute to enhancing national capacities and enable businesses to adapt to changing global dynamics.
The report also indicates that digital tools increasingly allow small and medium enterprises (SMEs) to streamline their operations, reduce costs, and enhance competitiveness. However, for success, SMEs must demonstrate strategic agility and be ready to transition to digital platforms.
Those that are most flexible and technologically advanced are likely to be best positioned to accelerate their growth. MEI sees an opportunity for SMEs to continue gaining market share in technology-focused services, driven by the growing demand for local technological solutions and more specialized offerings.
Consumers globally will remain discerning, focusing on international spending that is technology-oriented and value-conscious. They will continue to prioritize significant moments, such as travel and live events, while remaining sensitive to the prices of many essential goods.
The “Economic Perspectives 2026” report is based on a multitude of public and private data, including aggregated and anonymized Mastercard sales data, as well as models designed to estimate economic activity, concludes the release.
MAP