Business
Tourism: Travel receipts cross the 44 billion MAD threshold
Driven by the dynamism of the tourism sector and the continuous progression of MRE transfers, Morocco consolidates its foreign currency receipts during the first four months of 2026. Travel receipts show double-digit growth, while foreign direct investment marks a pause.
Travel receipts reached 44.39 billion dirhams (MMDH) by the end of April 2026, up 21.2% compared to the same period of the previous year, according to the latest data published by the Office des Changes.
This performance confirms the good dynamism of the Moroccan tourism sector, which continues to benefit from the increase in visitor arrivals and the strengthening of the attractiveness of the Morocco destination. At the same time, travel expenditures by Moroccan residents abroad increased by 5.4%, to reach 9.84 MMDH.
Thanks to this favorable evolution, the travel balance surplus amounted to 34.55 MMDH, up 26.7% compared to the end of April 2025.
Another important source of foreign currency for the national economy, transfers from Moroccans Resident Abroad (MRE) continued their progression. They amounted to 39.98 MMDH, up 9.8% year over year.
However, foreign direct investment (FDI) showed a slight slowdown. Their net flow amounted to 11.65 MMDH, down 10.1% compared to the same period of 2025.
Conversely, Moroccan direct investment abroad (IDME) continues to gain strength. Their net flow progressed by 41.9% to reach 3.46 MMDH, reflecting the growing willingness of Moroccan companies to strengthen their presence on international markets.
In total, the Office des Changes figures highlight the strength of tourism receipts and MRE transfers, which remain the main drivers of the Kingdom’s foreign currency inflows at this beginning of 2026.
