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The improvement in tourism revenues bolsters the travel balance surplus at the beginning of 2026.
According to the Foreign Exchange Office, travel revenues reached 11.7 billion dirhams by the end of January 2026, marking a growth of 19.3 percent compared to the same period in 2025. This indicates the continued positive momentum in the tourism sector.
The office clarified in its monthly external exchange indicators report that travel expenses slightly increased by 2.3 percent, reaching 2.7 billion dirhams, contributing to the strengthening of the travel balance.
As a result, the travel balance achieved a surplus of 8.92 billion dirhams, an annual increase of 25.7 percent, reflecting a noticeable improvement in tourism’s contribution to supporting foreign currency reserves.
Conversely, remittances from Moroccans living abroad saw a slight decline of 0.8 percent, stabilizing at 9.38 billion dirhams.
In terms of investments, foreign direct investment inflows to Morocco increased by 0.7 percent, surpassing 3.54 billion dirhams, indicating the continued attractiveness of the national economy despite a volatile international context.
These indicators reflect a positive start to the financial year, primarily driven by the strong performance of the tourism sector and the improvement in foreign currency flows.
