THE Travel recipes Continue their upward dynamics, reaching 24.62 billion dirhams at the end of March 2025, an increase of 2.4% compared to the same period of the previous year (+579 million dirhams). At the same time, the Travel expenses Made by Moroccans abroad increased by 4.8%, stable at 7 billion dirhams, against 6.68 billion a year earlier (+323 million dirhams).
The Balance of the trip of travel Remains largely positive, encrypting at +17.62 billion dirhams at the end of March 2025, up 1.5% compared to the same period in 2024 (+256 million dirhams). This development testifies to maintaining the tourism sector as a major lever of excess in the country’s current balance.
On the side of Foreign direct investments (IDE)the net flow records a strong increase of +63.6%, reaching 9.15 billion dirhams, compared to 5.59 billion at the end of March 2024. This performance is explained by a favorable double evolution: on the one hand, IDE revenue jumped 24.6% to stand at 12.97 billion dirhams, while the other, IDE expenses Recule 20.8%, to 3.8 billion dirhams against 4.89 billion a year earlier.
On the other hand, the Transfers of Moroccans living abroad (MRE) are decreasing. They reach 26 billion dirhams at the end of March 2025, compared to 27 billion a year earlier, a contraction of 6.2% corresponding to 1.7 billion dirhams. This withdrawal, although to put into perspective in the context of a high historical level reached in recent years, constitutes an evolution to be watched closely.
