Remittances from Moroccans Living Abroad (MRE): A Historic Windfall of 13 Billion Euros Expected

Following its first annual meeting, Bank Al-Maghrib estimates that the volatility of crude oil prices, linked to the conflict between the United States and Israel against Iran, will have a "relatively contained impact" if it remains short-lived. The institution stresses that the "strong momentum of non-agricultural sectors" should continue, driven by infrastructure, while agricultural production is rebounding vigorously.

On Bladi.net: 122 billion from MRE and 138 billion from tourism: Morocco’s double feat in 2025

Driven by these favorable factors, the national economy, which would have already grown by 4.8% in 2025, should accelerate sharply before slowing down to 3.5% in 2027. On the price front, the institution is betting on stability with moderate inflation set at 0.8% this year, justifying the maintenance of its key rate unchanged at 2.25%.

This vitality will be strongly supported by excellent export prospects, particularly in the automotive industry (+13.7%) and the sale of phosphates (+19.4%). Tourism revenues and remittances from the Moroccan diaspora are expected to reach new records, reaching 16 and 13 billion euros respectively, with foreign direct investments representing 3.5% of GDP.

On Bladi.net: Morocco reaches 431 billion in foreign exchange reserves, driven by record tourism

Finally, despite an expected current account deficit of 3.1% of GDP this year due to the cost of raw materials, the budget deficit would continue its rigorous downward trajectory. It should thus gradually decrease from 3.6% in 2025 to 3.5% during the current fiscal year, to reach 3.4% in 2027.