Morocco’s Foreign Direct Investment Plunges 19.5% in Early 2020
The flow of foreign direct investment in Morocco has fallen by 19.5%, or nearly 2.22 billion dirhams (MMDH) at the end of February 2020, compared to 2.75 MMDH a year earlier.
According to the foreign trade indicators of the Foreign Exchange Office, this result is explained by the 35.1% drop in FDI receipts, however attenuated by a 49.2% drop in expenditures.
Regarding the net flow of Moroccan direct investment abroad (IDME), it fell from 1.62 MMDH to 692 million dirhams (MDH), while Moroccan direct investment abroad reached 971 MDH (-65.6%). As for the disposals of these investments, they fell by 44.6%.
As for the remittances of Moroccans residing abroad, they recorded a near-stability at 9.96 billion DH at the end of February 2020.
As for travel receipts, they reached nearly 11.8 MMDH at the end of February 2020, compared to 10.58 MMDH a year earlier, an increase of 11.5%; while travel expenses increased by 15.5% to 3.29 billion DH.
In addition, the surplus of the travel balance increased by 10%.
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