Morocco Sees Sharp Drop in Foreign Direct Investment Amid Rising Outbound Investments

In a note on the indicators of foreign trade for the month of August, the Office des Changes indicated that the flow of Foreign Direct Investments (FDI) in Morocco stood at nearly 12.36 billion dirhams (MMDH), at the end of August 2019, compared to 17.76 MMDH in 2018, a decrease of 30.4%, due to the increase in FDI expenditure of 14.5%, combined with a 16.2% decrease in revenue.

The flow of Moroccan Direct Investments Abroad (IDME), for its part, increased from 2.89 MMDH in 2018 to 5.93 MMDH in 2019.

As for the remittances made by Moroccans residing abroad, they are slightly down by 1.3% to 44.60 MMDH, for the first 8 months of 2019.

Travel receipts, on the other hand, reached 52.21 MMDH at the end of August 2019 compared to 49.98 MMDH in the same period in 2018, while travel expenses recorded an increase of 6.3% to 13.02 MMDH. Result: the travel balance recorded an increase of 3.8%, for the first 8 months of 2019.