Morocco earned more from tourism and money sent home by citizens living abroad during the first four months of 2026 despite a drop in foreign investment.
New figures from the Office des Changes show that Moroccans living overseas sent home 39.98 billion dirhams by the end of April, up 9.8% from the same period last year.
Tourism also continued to perform strongly. Tourism income rose 21.2% to 44.39 billion dirhams, while spending by Moroccans travelling abroad increased by a more modest 5.4% to 9.84 billion dirhams.
This pushed Morocco’s travel surplus to 34.55 billion dirhams, an increase of 26.7% compared with a year earlier.
The figures underline the growing role of tourism and remittances as key sources of foreign currency for the country.
At the same time, foreign investment into Morocco slowed.
Net foreign direct investment fell 10.1% to 11.65 billion dirhams by the end of April. The decline came as foreign investors brought less money into the country than they did a year ago.
Moroccan companies, however, invested more abroad.
Net Moroccan investment overseas rose 41.9% to 3.46 billion dirhams, driven by businesses expanding their activities in other countries, particularly across Africa.
