Morocco Expat Remittances Hit 74.78 Billion Dirhams in 2026
Morocco's Exchange Office reports MRE remittances up 8.1% to 74.78 billion dirhams by end of July 2026, alongside rising tourism revenue and FDI inflows.
Remittances sent home by Moroccans living abroad reached 74.78 billion dirhams (MAD) by the end of July 2026, up 8.1% from 69.17 billion dirhams a year earlier. The figure comes from the latest monthly bulletin on external exchanges published by Morocco's Foreign Exchange Office (Office des Changes), which also reported improved tourism revenue and stronger foreign direct investment inflows over the same period.
Travel revenue drives balance to a record surplus
According to the Exchange Office, tourism revenue climbed 13.4% to 79.009 billion dirhams, while travel-related spending rose at a more modest 7.3% to 19.92 billion dirhams. As a result, the travel account balance posted a surplus of 59.08 billion dirhams, up 15.7% compared with the end of July 2025.
Foreign direct investment jumps
On the investment side, the net flow of foreign direct investment (FDI) into Morocco surged 58.5% to reach 29.47 billion dirhams, driven by a 6.3% rise in investment income and a 47% drop in related expenses. Meanwhile, Moroccan direct investment abroad posted a net flow of 6.86 billion dirhams, a sharp increase from the 2.76 billion dirhams recorded a year earlier.
| Indicator | Value at end of July 2026 | Change vs 2025 |
|---|---|---|
| Remittances from Moroccans abroad | MAD 74.78 billion | +8.1% |
| Tourism revenue | MAD 79.009 billion | +13.4% |
| Tourism-related expenses | MAD 19.92 billion | +7.3% |
| Travel account balance | MAD 59.08 billion | +15.7% |
| Net FDI inflows to Morocco | MAD 29.47 billion | +58.5% |
| Net Moroccan investment abroad | MAD 6.86 billion | vs MAD 2.76 billion a year earlier |
Why it matters
Remittances and tourism revenue together form Morocco's two largest sources of foreign currency, directly helping to finance the trade balance and support foreign exchange reserves. The improvement coincides with continued growth in air traffic, as Moroccan airports welcomed more than 22 million passengers during the first seven months of 2026, underscoring the tourism sector's momentum this year. The jump in foreign investment, meanwhile, signals renewed confidence from international investors in the Moroccan economy, with potential knock-on effects for jobs and growth in the coming months.