Global Economy
Morocco's Travel Receipts Surge 22% to $2.1 Bn in Early 2026, Boosting FX Position
Morocco’s travel revenue hit 21.4 billion dirhams through February 2026, up 22.2 % year-on-year, while travel spending fell 1 %, widening the travel-balance surplus to 16.3 billion dirhams. Remittances from Moroccans abroad rose 4.2 % to 18.5 billion dirhams, but foreign direct-investment flows dropped 31 %.
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Morocco's Travel Sector Kicks Off 2026 on a High Note
Rabat, 1 April 2026—Morocco’s travel receipts jumped 22.2 % year-on-year to 21.4 billion dirhams (MMDH) during the first two months of 2026, data released by the Office des Changes show, reinforcing tourism’s role as a key hard-currency earner for the kingdom.
Travel spending edged 1 % lower to 5.11 billion dirhams, lifting the travel-balance surplus to a robust 16.27 billion dirhams, up 31.9 % compared with the same period last year.
Remittances on the Rise
Remittances from Moroccans residing abroad (MRE) also provided a welcome cushion, rising 4.2 % to 18.54 billion dirhams and helping to offset a 30.8 % drop in net foreign direct investment (FDI) inflows, which totaled 4.5 billion dirhams.
Outward Investment Gains Traction
Conversely, Moroccan companies increased their outbound direct investments by almost 70 % to roughly 1.5 billion dirhams, signaling growing corporate appetite for expansion beyond national borders.
Market participants say the upbeat tourism figures could support the dirham and related tourism-exposed equities in the near term, even as FDI softness underscores the need for structural reforms to attract capital.