Morocco’s Foreign Direct Investment Plunges 32% in First Nine Months of 2019

To understand this downward result, we need to refer to a note from the Foreign Exchange Office on the indicators of foreign trade in September. It appears that this result is explained by the 19% drop in FDI revenue, combined with a 7.8% increase in expenditure.

The Office notes that for the first nine months of 2019, the net flow of Moroccan direct investment abroad (IDME) has more than doubled, going from 2.96 MMDH at the end of September 2018 to 6.57 MMDH at the end of September 2019. As a result, IDME recorded an increase of 78.8%.

As for the remittances made by Moroccans residing abroad (MRE), the same source notes stability at the end of September 2019, with 49.80 MMDH compared to 50.02 MMDH, compared to the results of the previous year, at the same period.

Travel receipts, for their part, reached 59.79 MMDH at the end of September 2019 compared to 56.23 MMDH, compared to the same period of the previous year, while travel expenses recorded an increase of 7.9% to 15.65 MMDH.