Significant Growth in Remittances from Moroccans Abroad
As of July 2026, the remittances sent by Moroccans living overseas reached an impressive total of 74.78 billion dirhams. This figure marks a substantial increase from the 69.17 billion dirhams recorded during the same period the previous year, reflecting a year-on-year growth of 8.1%. Such data has been released by the Foreign Exchange Office in its latest monthly report on foreign trade indicators, illustrating the vital role that the Moroccan diaspora plays in the national economy.
The report also highlighted a positive travel balance, which surged to 59.08 billion dirhams, a remarkable increase of 15.7%. This surplus was primarily driven by a notable rise in travel receipts, which climbed by 13.4% to reach 79.009 billion dirhams, outpacing the increase in travel spending, which rose by 7.3% to 19.92 billion dirhams. Such figures not only underscore the strength of the Moroccan diaspora's financial contributions but also enhance the overall economic stability of the country.
Foreign Direct Investment and Its Impact
In addition to remittances, the report indicated a significant uptick in foreign direct investment (FDI), with net inflows soaring by 58.5% to 29.47 billion dirhams. Investment receipts increased by 6.3%, while expenditures related to these investments saw a notable decline of 47%. This shift indicates a potentially more favorable environment for foreign investors, contributing to Morocco's economic growth and development.
Moreover, net Moroccan direct investment abroad has also seen positive movement, standing at +6.86 billion dirhams, which is a substantial increase compared to the +2.76 billion dirhams recorded a year prior. These trends in both remittances and investments are crucial for understanding the economic dynamics at play within Morocco and the broader impacts of its diaspora.
As reported by en.yabiladi.com.
