111 billion dirhams from Moroccans living abroad, 124 billion dirhams from tourism : the other figure that is wo…

Remittances from Moroccans residing abroad (MRE) continue to show an upward trend. As of last November, these financial flows stood at 111.53 billion dirhams, compared to 109.8 billion dirhams during the same period in 2024, an annual increase of 1.6%. This volume confirms the stability of these essential financial contributions to the Kingdom’s balance of payments.

At the same time, the tourism sector is recording significant performance. Travel receipts reached 124.14 billion dirhams, marking a strong increase of 18.7% compared to the 104.54 billion recorded a year earlier. Although travel expenditures also increased by 12.7% (30.15 billion dirhams), the travel balance surplus remains largely positive: it improves by 20.8% to stand at over 93.98 billion dirhams.

These surpluses in the services balance - which overall shows a surplus of 147 billion dirhams (+15.1%) - help to mitigate the widening of the trade deficit in goods. The latter has indeed worsened by 22.4%, reaching 328.8 billion dirhams at the end of November. This development results from a sustained increase in imports (+9.2% to 725.34 billion dirhams) coupled with a more moderate growth in exports (+1.8% to 423.54 billion dirhams).