Moroccan Expatriate Remittances Reach New High of 9.45 Billion Dirhams

Travel receipts, on the other hand, increased by 10.1% to 8.78 billion dirhams at the end of January 2025, compared to 23.8% to 2.55 billion for travel expenses, resulting in a positive balance of 5.4% to 6.23 billion dirhams, according to the Office des Changes.

Foreign direct investment (FDI) receipts climbed 24.1% to 4.94 billion dirhams, while expenditures recorded a record increase of 40.4% to 1.7 billion. The net FDI flow stands at 3.23 billion dirhams, up 16% year-on-year. Receipts from Moroccan direct investments abroad (IDME), for their part, increased by 1.7% to 1.52 billion dirhams, while expenditures jumped by nearly 60% to 723 million dirhams.

In 2025, Morocco’s economic growth is expected to reach 5% compared to 3.3% in 2024, according to Fitch Solutions. Growth supported by non-agricultural sectors, foreign direct investment and a favorable monetary policy. However, the poor performance of the agricultural sector and the high unemployment rate could be a brake on the growth of consumption.