Morocco’s Foreign Direct Investment Surges 13.9% Despite COVID-19 Challenges

This figure is made possible by the 10.2% increase in revenue to nearly 27.27 billion dirhams ($2.9 billion), higher than the 10.3 billion dirhams ($1.1 billion) increase in expenditure, according to the Office des Changes.

Similarly, the kingdom’s trade deficit indicators showed a 26.4% year-on-year increase to reach $20.3 billion during the same period. This performance is driven by faster growth in imports, which increased by 24%, while exports increased by 22.5%, the Office explains.

Regarding imports and exports, the bulletin states that the coverage rate of exports and imports stood at 61.8% at the end of last November, while the energy bill increased by 49.3%.