Moroccan Diaspora Remittances Surge 16.5% to $11 Billion in 2022

Remittances amounted to more than 109.15 billion dirhams in 2022, an increase of 16.5% compared to the previous year, which was 93.67 billion dirhams.

The Office of Foreign Exchange also reports a surplus in the balance of trade in services in 2022, up 82.2% to 113.65 billion dirhams. This increase is due to a more significant growth in exports, which increased by 58.3% to reach 220.18 billion dirhams, compared to an increase in imports of only 38.9% or 29.83 billion dirhams.