Morocco has ascended to the second position among countries receiving the most money from Italy, trailing only behind Bangladesh. According to the latest data from the Bank of Italy, remittances to the kingdom have surged, while overall transfers abroad have seen a decline.
Having recently overtaken India in the rankings of money transfers conducted from Italy, Morocco has now secured the second spot, as revealed by statistics published on October 9 by the Bank of Italy.
For the twelve months ending in June 2026, Morocco received 7% of the funds sent from Italy through the transfer channels monitored by the central bank. India follows closely with 6.8%, while Bangladesh retains a substantial lead, accounting for 19.4% of these flows.
This turnaround is significant. In the rankings for the entire year of 2025, India was still in second place with 6.9% of the transfers, ahead of Morocco, which had 6.7%. The updated figures from the Bank of Italy have now reversed this order.
Nearly 300 Million Euros Sent to Morocco in Six Months
The amounts confirm this upward trend. Between January and June 2026, the transfers to Morocco reached an impressive 292.5 million euros, marking a 4% increase compared to the first half of 2025.
This growth occurs amidst a less favorable backdrop for international transfers from Italy. In the second quarter of 2026, the sums sent abroad decreased by 3.1% year-on-year. However, the flows directed towards North Africa and the Middle East grew by 2.7%.
In 2025 alone, Morocco had already received nearly 580 million euros. An analysis published on October 22 by Agenzia Nova highlights the significance of these remittances in the economic relations between the two countries, which range from family support to financing housing and education.
The Moroccan community plays a crucial role in these exchanges. As of January 1, 2025, Italy was home to 412,457 residents of Moroccan nationality. The new statistics now place the kingdom ahead of India among the primary destinations for money transferred from the Italian peninsula.
As reported by bladi.net.
