Moroccan Diaspora Remittances Dip 9.7%, Still Outpace Pre-2021 Levels

Although these fund transfers have decreased by 9.7%, they remain higher than the revenues recorded between 2018 and 2020, the Office points out, also noting that the balance of trade in services shows a surplus down 37.7%. This is due to a larger drop in exports (-18.3%) than in imports (-3.4%).

As for travel receipts, they reached 1.06 MMDH at the end of January 2022, continuing their decline for the second consecutive year. The Office speaks of a 58.6% regression compared to the end of January 2021 and 84.3% compared to January 2020.

As for expenses, they fell by 12.6%. At the end of January 2022, the travel balance stood at more than 375 million dirhams (MDH) compared to +1.77 MMDH a year earlier and more than 4.91 MMDH at the end of January 2020.