Moroccan Diaspora Remittances Surge to $7.5 Billion in 2020, Defying Pandemic

In 2020, travel receipts amounted to 36.364 billion DH, down 53.8% compared to 2019. As for expenditure, it also fell and is set at 49.6% to 10.542 billion. As for the surplus of the travel balance, it decreased by 55.3%, i.e. -32.003 billion DH.

Regarding the net flow of foreign direct investment (FDI), it recorded a slight increase of 1% at the end of December 2020, reaching 15.54 billion dirhams (MMDH) against 15.37 billion a year earlier, the same source said.

In its bulletin on indicators of foreign trade at the end of 2020, the Office justifies these results by a decline in FDI expenditure of 41.6% to 10.82 MMDH, combined with a decrease in revenue (-22.3%).

As for the net flow of Moroccan direct investment abroad (IDME), it experienced a decline of more than 5.27 billion in 2020. IDME stood at nearly 7.74 billion in 2020, a decrease of 32.8%, while the disposals of these investments more than doubled (+1.49 billion).