Remittances from Moroccans living abroad have reached a record high, totaling 89.22 billion dirhams in the first eight months of 2026. This represents a 9% increase compared to the same period last year, when remittances stood at 81.846 billion dirhams. According to the latest bulletin from the Office of Exchange, this significant growth highlights the continued support of Moroccans abroad for their families and loved ones back home.
The bulletin also reported a positive balance for the "travel" account, which reached 74.621 billion dirhams, representing a 10.8% increase. This growth is attributed to an increase in travel revenues to 97.926 billion dirhams, outpacing expenditures, which stood at 23.305 billion dirhams. The strong performance of the travel sector is a positive sign for Morocco's economy.
In addition to the growth in remittances and travel revenues, the bulletin reported a significant increase in foreign direct investment. Net inflows of foreign direct investment rose by 65% to 34.334 billion dirhams. Furthermore, revenues from these investments increased by 17% to 47.318 billion dirhams, while expenditures decreased by 33.9% to 12.984 billion dirhams.
The bulletin also noted a rise in Moroccan direct investment abroad, which reached 6.667 billion dirhams, up from 2.358 billion dirhams in the previous year. This growth indicates that Moroccan companies are increasingly expanding their operations globally. The positive trend in investment and remittances is expected to have a favorable impact on Morocco's economy.
The growth in remittances and investment is a welcome development for Morocco, as the country seeks to strengthen its economy. The government's efforts to promote investment and improve the business climate appear to be yielding results. The increase in remittances and investment is also expected to have a positive impact on the country's foreign exchange reserves.
Morocco's economy has faced challenges in recent years, including the impact of the COVID-19 pandemic and global economic uncertainty. However, the growth in remittances and investment suggests that the economy is resilient and able to adapt to changing circumstances. The government will likely continue to implement policies aimed at promoting economic growth and development.
The record high in remittances from Moroccans abroad is a testament to the strong ties between the diaspora and their families back home. The growth in remittances and investment is expected to continue, driven by the resilience of the Moroccan economy and the continued support of Moroccans abroad.
Key points
- Remittances from Moroccans abroad reached a record high of 89.22 billion dirhams in the first eight months of 2026.
- Foreign direct investment in Morocco rose by 65% to 34.334 billion dirhams in the first eight months of 2026.
- Moroccan direct investment abroad increased to 6.667 billion dirhams, up from 2.358 billion dirhams in the previous year.
