Morocco’s Foreign Direct Investment Drops 28.4% Amid Global Economic Slowdown

FDI in Morocco reached nearly 9.61 billion dirhams by the end of August 2020, down 28.4%, the Office des Changes announced. This result is explained by a 29.3% drop in FDI earnings to nearly 16.17 billion dirhams, mitigated by a 30.5% decline in expenditures.

During the first eight months of 2020, the net flow of Moroccan direct investment abroad fell by 3.07 billion dirhams. Moroccan direct investment abroad (MDIA) indeed reached 5.26 billion dirhams at the end of August, compared to nearly 7.03 billion dirhams (-25.2%) a year earlier. Divestments of these investments more than doubled, or +1.305 billion dirhams. As for remittances from Moroccans residing abroad, they recorded a 2.3% decline to over 43.43 billion dirhams.

As for travel receipts, they reached 23.55 billion dirhams, down 55.3% compared to last year, and expenditures fell by 51% to 6.93 billion dirhams. The travel balance surplus therefore fell by 56.8%.