Revenues from travel exceeded 24.6 billion dirhams in the first quarter of 2025, according to the latest bulletin from the Foreign Exchange Office regarding monthly external trade indicators. This marks a growth of 2.4 percent compared to the same period last year, equivalent to an increase of 579 million dirhams.
Travel expenses also rose to 7 billion dirhams, achieving an increase of 4.8 percent year-on-year, reflecting a continued dynamic in travel and tourism outside the country.
The travel account balance recorded a surplus of 17.62 billion dirhams during the first three months of the current year, indicating an improvement of 1.5 percent compared to the same period in 2024. This underscores the importance of this sector in supporting the balance of payments.
Conversely, remittances from Moroccans living abroad fell to 26.22 billion dirhams, down from 27.96 billion dirhams at the end of March last year. This decline is attributed to economic factors that may be linked to fluctuations in global markets or a decrease in the purchasing power of the diaspora.
