Morocco’s Foreign Direct Investment Plummets 47% in 2019, Office Reports

According to the foreign trade indicators of the Foreign Exchange Office, this result is mainly due to the 29.3% drop in FDI receipts, combined with a 15.8% increase in expenditures.

The office also specifies that the flows of Moroccan direct investment abroad (IDME) increased by 3.08 billion dirhams in December, to 9.33 billion dirhams. As for the remittances of Moroccans residing abroad, they recorded stability at the end of December 2019 at 64.87 billion dirhams, compared to 64.92 billion dirhams in 2018.

As for travel receipts, they reached 78.65 billion dirhams at the end of December 2019, compared to 73.03 billion dirhams a year earlier, an increase of 7.7%. Travel expenses also increased by 11% to 20.93 billion dirhams in 2019, the same source said.

The Foreign Exchange Office also notes that the travel balance marked a 6.5% or 3.5 billion dirhams increase last year.